Global Blood Collection Devices Market Anticipates Steady Growth with a 7% CAGR from 2021 to 2026

BRUSSELS - Oct. 11, 2023 - PRLog -- Blood collection or removal of blood can be accomplished in a variety of methods, including arterial sampling, venipuncture, and fingerstick sample. Blood and other biological samples must be gathered in order to properly understand, prevent, and cure illnesses. Additionally, blood is obtained from donors via the blood donation process, which is then divided into different components of blood as needed during transfusion operations.

New Product Developments to Increase Market Adoption of Blood Collection Devices

Continuous advancements in blood collection technologies have allowed for the creation of effective solutions that include artificial intelligence (AI), ultrasound-guided 3D reconstruction, ease-of-use at-home collection, and large-volume safe blood collection, among other things. The following are some of the new product developments:

• In May 2022, Vitestro has introduced their breakthrough autonomous venipuncture blood collection equipment, which blends artificial intelligence (AI) with robotic needle insertion and ultrasound-guided 3D reconstruction to ensure safe and exact blood collection.
• In May 2022, Through Labcorp OnDemand, Labcorp released an at-home collection equipment from Weavr Health, a diagnostics firm, that analyzes HbA1c from a tiny blood sample for diabetes risk testing.
• In April 2022, Owen Mumford Ltd launched a portfolio of three venous blood collection devices under its Unistik brand.

Blood Collection Devices Market Growth Will Be Fueled by Investments and Collaborations

Blood collection device market participants are continually focused on investments and cooperation to improve innovative blood collecting technologies. Manufacturers benefit from such improvements by gaining a competitive advantage. The following are some recent developments:

• In May 2022, Becton, Dickinson and Company expanded its relationship with Babson Diagnostics to continue research and development of less-invasive, more convenient, and self-collection blood collection equipment.
• In December 2021, Tasso has received a $100 million investment to ramp up manufacture and marketing of their simpler 'OnDemand' blood collection systems. Tasso's OnDemand devices draw blood from the skin via capillaries using push-button hardware affixed to the upper arm.
• In May 2019, Intermountain Healthcare has invested $10 million in Velano Vascular to help it commercialize its vascular access solutions, which include a needle-free blood collection device.

Competitive Landscape Analysis: Blood Collection Devices Market

The global blood collection devices market is marked by the presence of major market players such as Becton, Dickinson and Company (US); Terumo BCT (US); Haemonetics Corporation (US); Grifols, S.A. (Spain); Fresenius Kabi AG (Germany); and others.

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