Report : South and Central America Blood Collection Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Blood Collection Tubes, Blood Collection Needles/Holders, Blood Collection Sets, and Others), Method (Manual Blood Collection and Automated Blood Collection), and End User (Hospitals and Pathology Laboratories, Blood Banks, and Others) and Country
According to The Insight Partners market research study of “South and Central America Blood Collection Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product, Method, and End User,” the South and Central America blood collection devices market is projected to reach US$ 438.24 million by 2027 from US$ 331.89 million in 2019. The market is estimated to grow at CAGR of 3.6% from 2020 to 2027. The report highlights trends prevailing in the South and Central America blood collection devices market and the factors driving market along with those that act as hindrances.
Based on product, the blood collection devices market is segmented into blood collection tubes, blood collection needles/ holders, blood collection set, and others. Blood collection tubes further sub-segmented evacuated blood collection tubes and micro-collection tubes.
In 2019, the blood collection needles/ holders segment accounted for the highest share of the market. However, the blood collection tubes segment is estimated to register the highest CAGR of 4.2% in the market during the forecast period. Growth of this segment is attributed to the availability of needle holder products across the globe.
Blood collection needles/holders are one of the essential and critical components of the blood collection system. It is a medical device that helps in safely reaching the blood vessels during the blood collection procedure. The needle is attached to the blood collection tubes and other blood collection devices as per the method used for blood collection. In the market, needle holder products are available that helps is easy and safe execution blood collection procedures. In the global market, various key players offer a product such as blood collection need holders that facilities the blood collection procedures and reduce the possibility of needlestick injuries. For instance, the market players such as BD, Greiner Bio-One, offer the blood collection needle/holder products under its brand BD Vacutainer Eclipse blood collection needle and VACUETTE Blood Transfer Unit, respectively. This product includes an attachable holder system. These type of products are of single-use to avoid contamination of the blood sample.
South and Central America blood collection devices market is expected to grow owing to factors such as growing number of accidents & trauma cases and rising incidence of infectious disease and developing liquid biopsy technology. However, the shortage of qualified personnel hinders the growth of the market.
BD, Terumo Corporation, Cardinal Health, Inc., SARSTEDT AG and Co. KG., Thermo Fisher Scientific, Inc., Grenier, Inc., SEKISUI CHEMICAL CO. LTD, Narang Medical Limited, and FL MEDICAL s.r.l.are among the leading companies operating in the South & Central America blood collection devices Market.
The report segments South and Central America Blood Collection Devices Market as follows
Blood Collection Devices Market – By Method
Blood Collection Devices Market – By End User
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