Market Overview:
The global closed blood collection system market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for safe and efficient blood collection systems, rising prevalence of chronic diseases, and growing number of surgical procedures. In addition, technological advancements in closed blood collection systems are also contributing to the growth of this market. Based on type, the global closed blood collection system market is segmented into with needles and needleless systems. The with needles segment is expected to account for a larger share of the global market in 2018 owing to its higher efficiency and accuracy as compared to needleless systems. However, needleless systems are witnessing high adoption rates due their ease-of-use and safety features.
Product Definition:
A closed blood collection system is a medical device that is used to collect blood from a patient. The system includes a needle and tubing that are attached to a bag or bottle for the collection of the blood. The closed system helps to prevent infection and contamination of the collected blood.
With Needles:
With Needles, it's usage and growth factor in the global market is expected to witness significant growth over the forecast period. With needles it's used for drawing blood from patients and also used in some medical procedures. The major factor that drives the market is increasing incidences of diseases such as diabetes, cancer, anemia which need regular blood transfusions or injections to survive.
Needleless:
Needleless is a technology that uses a smart needle to transfer blood samples without using any needles. It reduces the risk of contamination and helps in increasing the sample volume with high accuracy. The closed system used for collecting blood samples eliminates external contamination by eliminating surface contact, which is achieved by using a needle-free approach.
Application Insights:
Based on the application, the global BCC market is segmented into hospitals and non-hospital facilities, blood banks and other centers, surgical clinics/centers, diagnostic centers and research & academic organizations. Hospitals and non-hospital facilities accounted for a majority of share in 2017 owing to increased usage of closed system in these settings as compared to other applications.
Blood banks are anticipated to be the fastest growing segment over the forecast period due to increasing number of blood transfusions across various regions coupled with rising awareness about safety measures adopted by these institutions. Furthermore, an increase in prevalence of chronic diseases such as cancer along with high demand for frequent blood transfusions would further boost growth during this period.
The needlestick injury prevention program implemented by many manufacturers has resulted in reduced incidence rate globally which is expected to positively impact industry growth during this period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of transfusion establishments, high adoption rate for advanced blood collection systems, and increasing demand for blood donations across this region. The U.S., in particular, is one of the most developed nations regarding healthcare facilities and equipment usage; hence it has a higher penetration rate for these products as compared to other regions.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure and growing medical tourism industry that attract international patients toward Asia Pacific countries offering world-class services at affordable costs along with easy availability of skilled professionals backed by effective infrastructure & safety net services (Hospital Acquired Infection Control). These aforementioned factors are anticipated to boost regional demand during the forecast period from 2018 till 2030 (estimated CAGR 8% annually).
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases are responsible for around 63% of all deaths worldwide. This number is expected to increase to 73% by 2030. This will create a large demand for closed blood collection systems, as they are essential for diagnosing and monitoring these conditions.
- Technological advancements: The field of medical technology is constantly evolving, with new innovations being introduced every day. Closed blood collection systems are no exception, with new models and technologies being developed all the time. These advancements make these systems more efficient and easier to use, which in turn increases their demand among healthcare professionals and patients alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Closed Blood Collection System Market Research Report
By Type
With Needles, Needleless
By Application
Hospitals and Nursing Homes, Blood Banks, Surgical Clinics, Diagnostic Centers, Research and Academic Organizations, Others
By Companies
Smiths Medical, ICU Medical, Utah Medical, BD, Edwards Lifesciences, Poly Medicure Ltd., Elcam Medical, GBUK Healthcare, Vitrex Medical, CardioMed Supplies Inc, Argon Medical Devices, Inc., Merit Medical Systems, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Closed Blood Collection System Market Report Segments:
The global Closed Blood Collection System market is segmented on the basis of:
Types
With Needles, Needleless
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals and Nursing Homes, Blood Banks, Surgical Clinics, Diagnostic Centers, Research and Academic Organizations, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Smiths Medical
- ICU Medical
- Utah Medical
- BD
- Edwards Lifesciences
- Poly Medicure Ltd.
- Elcam Medical
- GBUK Healthcare
- Vitrex Medical
- CardioMed Supplies Inc
- Argon Medical Devices, Inc.
- Merit Medical Systems, Inc.
Highlights of The Closed Blood Collection System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- With Needles
- Needleless
- By Application:
- Hospitals and Nursing Homes
- Blood Banks
- Surgical Clinics
- Diagnostic Centers
- Research and Academic Organizations
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Closed Blood Collection System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A closed blood collection system is a medical device that collects and stores whole blood.
Some of the major companies in the closed blood collection system market are Smiths Medical, ICU Medical, Utah Medical, BD, Edwards Lifesciences, Poly Medicure Ltd., Elcam Medical, GBUK Healthcare, Vitrex Medical, CardioMed Supplies Inc, Argon Medical Devices, Inc., Merit Medical Systems, Inc..
The closed blood collection system market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closed Blood Collection System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Closed Blood Collection System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Closed Blood Collection System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Closed Blood Collection System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Closed Blood Collection System Market Size & Forecast, 2018-2028
4.5.1 Closed Blood Collection System Market Size and Y-o-Y Growth
4.5.2 Closed Blood Collection System Market Absolute $ Opportunity
Chapter 5 Global Closed Blood Collection System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Closed Blood Collection System Market Size Forecast by Type
5.2.1 With Needles
5.2.2 Needleless
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Closed Blood Collection System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Closed Blood Collection System Market Size Forecast by Applications
6.2.1 Hospitals and Nursing Homes
6.2.2 Blood Banks
6.2.3 Surgical Clinics
6.2.4 Diagnostic Centers
6.2.5 Research and Academic Organizations
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Closed Blood Collection System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Closed Blood Collection System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Closed Blood Collection System Analysis and Forecast
9.1 Introduction
9.2 North America Closed Blood Collection System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Closed Blood Collection System Market Size Forecast by Type
9.6.1 With Needles
9.6.2 Needleless
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Closed Blood Collection System Market Size Forecast by Applications
9.10.1 Hospitals and Nursing Homes
9.10.2 Blood Banks
9.10.3 Surgical Clinics
9.10.4 Diagnostic Centers
9.10.5 Research and Academic Organizations
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Closed Blood Collection System Analysis and Forecast
10.1 Introduction
10.2 Europe Closed Blood Collection System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Closed Blood Collection System Market Size Forecast by Type
10.6.1 With Needles
10.6.2 Needleless
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Closed Blood Collection System Market Size Forecast by Applications
10.10.1 Hospitals and Nursing Homes
10.10.2 Blood Banks
10.10.3 Surgical Clinics
10.10.4 Diagnostic Centers
10.10.5 Research and Academic Organizations
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Closed Blood Collection System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Closed Blood Collection System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Closed Blood Collection System Market Size Forecast by Type
11.6.1 With Needles
11.6.2 Needleless
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Closed Blood Collection System Market Size Forecast by Applications
11.10.1 Hospitals and Nursing Homes
11.10.2 Blood Banks
11.10.3 Surgical Clinics
11.10.4 Diagnostic Centers
11.10.5 Research and Academic Organizations
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Closed Blood Collection System Analysis and Forecast
12.1 Introduction
12.2 Latin America Closed Blood Collection System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Closed Blood Collection System Market Size Forecast by Type
12.6.1 With Needles
12.6.2 Needleless
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Closed Blood Collection System Market Size Forecast by Applications
12.10.1 Hospitals and Nursing Homes
12.10.2 Blood Banks
12.10.3 Surgical Clinics
12.10.4 Diagnostic Centers
12.10.5 Research and Academic Organizations
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Closed Blood Collection System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Closed Blood Collection System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Closed Blood Collection System Market Size Forecast by Type
13.6.1 With Needles
13.6.2 Needleless
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Closed Blood Collection System Market Size Forecast by Applications
13.10.1 Hospitals and Nursing Homes
13.10.2 Blood Banks
13.10.3 Surgical Clinics
13.10.4 Diagnostic Centers
13.10.5 Research and Academic Organizations
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Closed Blood Collection System Market: Competitive Dashboard
14.2 Global Closed Blood Collection System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Smiths Medical
14.3.2 ICU Medical
14.3.3 Utah Medical
14.3.4 BD
14.3.5 Edwards Lifesciences
14.3.6 Poly Medicure Ltd.
14.3.7 Elcam Medical
14.3.8 GBUK Healthcare
14.3.9 Vitrex Medical
14.3.10 CardioMed Supplies Inc
14.3.11 Argon Medical Devices, Inc.
14.3.12 Merit Medical Systems, Inc.
