BLOOD COLLECTION DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

In the recent years, as technology has increased in availability and complexity, the experts in the laboratories are receiving wide range of opportunities and challenges. In case of opportunity, automated method of collection enables technologists to perform a greater variety of tests on smaller sample quantities with greater accuracy of outcomes than the manual blood collection process.

Moreover the increasing demand for blood donations is also fuelling the demand of blood collection device market. For instance, according to World Health Organization (WHO), 112.5 million blood donations collected globally and there is an increase of 10.7 million blood donations from unpaid donors has been reported from 2008 to 2013. Furthermore, according to the American National Red Cross, around 7,000 units of platelets and 10,000 units of plasma are required daily in the U.S. and nearly 21 million blood components are transfused each year in the U.S.

Increasing prevalence of certain disease conditions such as cancer, HIV/AIDS, diabetes, coronary heart disease, and anemia are the driving factor for the growth of the blood collection devices market. In addition, increasing numbers of surgeries and high demand for blood transfusion and casualty cases are further driving the growth of blood collection devices market. According to the Centers for Disease Control and Prevention (CDC), the U.S. reported 26,203 cases of Lyme disease for the period between 2006 and 2016. According to the same source, around 10,265 deaths were reported due to alcohol-impaired crashes in 2015 which accounted for around 29% of all traffic-related deaths in the U.S.