Germany Blood Collection Devices Market is expected to reach US$ 846.90 Mn by 2027

PRESS RELEASE BY The Insight Partners 14 Aug 2020

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According to our new market research study on “Blood Collection Device Market to 2027 – Germany Analysis and Forecast – by Product Type, Method and End User,” the market is expected to reach US$ 846.90 million in 2027 from US$ 528.51 million in 2019; it is estimated to grow at a CAGR of 6.2% from 2020 to 2027. The report highlights trends prevailing in the Germany blood collection device market and the drivers and restraints pertaining to the market growth.

Based on product type, the Germany blood collection device market is segmented into in blood collection needles/holders, blood collection tubes and blood collection set. The blood collection tube segment is estimated to register the highest CAGR in the market during the forecast period. Increasing innovation in blood collection procedures and launches of new blood collecting tubes are the factors boosting the market for the blood collection tubes segment.

The Germany blood collection device market growth is mainly attributed to factors such as growing number of accidents & trauma cases and rising incidence of infectious disease, growing research and development in liquid biopsy technology. However, the shortage of qualified personnel and risk associated with blood transfusion restrains the growth of the market.

COVID19 has impacted Germany blood collection market heavily. It has disrupted the blood donation process in the country. People are avoiding visiting blood donation center due to fear of corona virus. This has led into the shortage of the blood reserve the country.

BD, Terumo Corporation, Cardinal Health, Inc., SARSTEDT AG and Co. KG., Nipro, Thermo Fisher Scientific, Inc., Grenier, Inc., IntervacTechnology., Rays SPA and FL MEDICAL s.r.l. are among the leading companies operating in the Germany blood collection device market.

The Report Segments Germany Blood Collection Device Market as Follows:

Blood Collection Devices Market – By Product

  • Blood Collection Tubes
  • Blood Collection Needles/Holders
    • Butterfly Needles
    • Vacuum Tube Needle
    • Others
  • Blood Collection Set
  • Others

Blood Collection Devices Market – By Method

  • Manual Blood Collection
  • Automatic Blood Collection

Blood Collection Devices Market – By End User

  • Hospitals and Pathology Laboratories
  • Blood Banks
  • Others

By Country

  • Germany
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