Blood Collection Market Regional Analysis:
North America Market Insights
North America industry is poised to dominate majority revenue share of 45.5% by 2035. The presence of advanced healthcare infrastructure, the existence of key market players, and the increasing prevalence of diabetes are some of the factors boosting the blood collection market. Several blood donation initiatives by public and private organizations are also contributing to the blood collection system sales growth.
The U.S. is advancing in the field of healthcare with ongoing R&D activities leading to the development of next-gen medical devices including blood collection products. The rising prevalence of chronic disorders such as cancer and diabetes is also contributing to the blood collection market growth. For instance, according to the Centers for Disease Control and Prevention (CDC), around 136 million adults in the U.S. are living with diabetes.
In Canada, the importance of blood, plasma, tissues, and organs is high, and several awareness programs conducted by public and private organizations such as Canadian Blood Services are increasing the sales of modern blood collection products in the country.
APAC Market Insights
Asia Pacific blood collection market is expected to expand at a fast pace during the forecasted period owing to increasing healthcare expenditure. Governments in the region are investing heavily in advancing their healthcare infrastructure. Such aspects are generating high-earning opportunities for medical surgical and diagnostic solution producers in Asia Pacific particularly India, China, Japan, and South Korea.
India is witnessing a high growth in the healthcare sector, and the demand for medical professionals is expected to double by 2030. Also, the Government of India is promoting voluntary blood donation campaigns and establishing blood banks, which enhance the overall blood collection infrastructure. According to the Ministry of Health and Family Welfare, Government of India, there are 4153 licensed blood banks in the country as of 2023.
