South and Central America Blood Collection Devices Market Growth and Recent Trends by 2027

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 growth of the South and Central America blood collection devices market is attributed to the 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.

Cancer is the leading cause of mortality across all nations. The incidence rate of cancer remains highest in developed regions. However, the mortality is higher in lower middle-income countries. The factor contributing to high mortality in these countries is low awareness and limited healthcare facilities.

Lung cancer, colorectal cancer, breast cancer, and prostate cancer account for the majority of cancer incidences. Lung cancer is the leading cause of mortality among all cancers. Over traditional cancer diagnostics techniques, liquid biopsy holds several benefits, such as reduced cost, early prognosis, therapy monitoring, tumor heterogeneity detection, and acquired drug resistance.

Liquid biopsy is done on a sample of blood to identify cancer cells from the tumor. This helps in detecting cancer at an early stage. To understand the molecular level changes, the doctors usually take multiple samples over a period of time. The rising liquid biopsy test for screening, surveillance, disease monitoring are expected to drive the blood collection device market growth.

South and Central America Blood Collection Devices Market Revenue and Forecast to 2027 (US$ Mn)

South and Central America Blood Collection Devices Market – Market Segmentation

Blood Collection Devices Market – By Product

• Blood Collection Tubes
  • Micro-Collection Tubes
  • Evacuated Blood Collection Tubes
• Blood Collection Needles/Holders
• 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

Blood Collection Devices Market – By Country

• Brazil
• Argentina

Company Profiles

• BD
• Terumo Corporation
• Cardinal Health, Inc.
• SARSTEDT AG and Co. KG.
• Thermo Fisher Scientific, Inc.
• Grenier, Inc.
• SEKISUI CHEMICAL CO. LTD
•  Narang Medical Limited
• FL MEDICAL s.r.l.

South and Central America Blood Collection Devices Report Scope