1. Blood Collection Market worth 9.90 Billion USD by 2021
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Blood Collection Market worth 9.90 Billion USD by 2021

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The blood collection market is expected to reach USD 9.90 Billion by 2021 from USD 7.65 Billion in 2016, at CAGR of 5.3% from 2016 to Factors such as rising incidences of diseases, growing number of trauma and accidental cases, and increasing number of surgical procedures are contributing to the growth of the blood collection market.
Moreover, the increasing use of RFID in the transfusion process and the growing popularity of needle-free devices are expected to offer significant growth opportunities for players in the blood collection market. However, risks associated with blood transfusions in underdeveloped regions is expected to restrain the growth of this market to a certain extent during the forecast period.
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3. On the basis of products, the blood collection market is divided into blood collection needles and syringes, blood collection tubes, blood lancets, blood bags, vials, and others (microscopic slides, slide stainers, and test tube racks). The blood collection needles and syringes segment is expected to account for the largest share of the blood collection market in The growing demand of blood collection needles and syringes in surgical procedures is the major factor contributing to the growth of this segment.
North America is expected to account for the largest share of the blood collection market in The growing incidences of infectious and lifestyle diseases is propelling market growth in this region. The Asia-Pacific region is expected to grow at the highest CAGR in the forecast period. The blood collection market in the Asia-Pacific region is primarily driven by the improving healthcare infrastructure, increasing number of hospitals, and rising disposable incomes.
Major players in this market include Becton, Dickinson and Company (U.S.), Abbott Laboratories (U.S.), Nipro Medical Corporation (Japan), and Terumo Corporation (Japan).

4. Blood Collection Market, by Product
Market Segmentation
This research report categorizes the blood collection market into the following segments and sub segments:
Blood Collection Market, by Product
Blood Collection Needles and Syringes
Blood Collection Tubes
EDTA
Heparin
Serum-separating Tubes
Plasma-separating Tubes
Blood Lancets
Blood Bags
Vials
Others (Microscopic Slides, Slide Stainers, and Test Tube Racks)

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On the basis of applications, the blood collection market is bifurcated into diagnostics and treatment applications. The diagnostics segment is further categorized into infectious diseases and non-infectious diseases. The diagnostics segment is expected to account for the largest share of the blood collection market in Factors such as growing geriatric population, rising prevalence of infectious and non-infectious diseases, and growing demand of blood for treating blood-related disorders are contributing to the growth of this market segment.
On the basis of end users, the blood collection market is segmented into hospitals and diagnostic centers, blood banks, and other end users (emergency medical services, long-term acute care, trauma centers, and nursing homes). The hospitals and diagnostic centers segment is expected to account for the largest share of the blood collection market in The large share of this segment can be attributed to the increasing demand of blood for the treatment of blood disorders.
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