Rise in Needlestick Injuries and Increase in Demand for Safe Blood Collection Sets to Drive Closed Blood Collection Systems Market Growth: Fact.MR

Rising rates of surgical procedures and intensive care admissions will drive sales of closed blood collection systems. Fact.MR’s industry analysis reveals more.

/EIN News/ — ROCKVILLE, Md., March 24, 2022 (GLOBE NEWSWIRE) — According to the latest revised industry analysis by Fact.MR, a market research and competitive intelligence provider, the global systems market closed blood collection was valued at US$72.6 million in 2021 and is expected to grow at a CAGR of 5.9% over the forecast period (2022-2032). Closed blood collection systems find key applications in treatment procedures for cancer patients requiring infusions in hospitals and other healthcare settings. This provides manufacturers with an opportunity to increase their product sales.

The Global closed blood collection systems market is expected to witness substantial growth over the forecast period owing to the increasing demand for safe blood collection procedures for the prevention of contamination and environmental associated infections in healthcare facilities. Emerging markets, especially large markets such as India and China, have vast and untapped potential for market expansion.

The increasing adoption of advanced closed systems for blood collection through variable needle-free access options has been featured in several product offerings by manufacturers. Growing awareness of the importance of safe blood transfusion to improve the quality of health as well as the life prospects of the patient is driving the demand for safe blood collection techniques, thus driving the sales of closed blood monitoring systems. blood.

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Report attributes Details
Closed Blood Collection Systems Market Size (2021A) US$72.64 million
Estimated market value (2022E) US$76.32 million
Expected market value (2032F) US$135.83 million
Global market growth rate (2022-2032) 5.9% CAGR
East Asia Market Share (2021) ~14.5%
Growth rate in East Asia (2022-2032) 6.9% CAGR
China growth rate (2022-2032) 7.6% CAGR
Market share of the 3 main countries ~47.5%
Profiled Key Companies • ICU Medical, Inc.
• Smiths Medical, Inc.
• Edwards Society for Life Sciences
• Medical merit systems
• Utah Medical Products, Inc.
• Elcam Medical
• CardioMed Supplies Inc.
• Shenzhen Antmed Co., Ltd.

According to projections by Fact.MR, single-line blood collection systems held a substantial market share of 25.5% in 2021. Closed blood collection systems accounted for around 0.3% of the global blood screening market in 2021 .

Closed Blood Collection Systems Sales Analysis 2017-2021 vs. Market Outlook 2022-2032

The demand for closed blood collection systems depends on the global factors associated with the increase in measures taken by healthcare institutions for comprehensive surgical care. Surgical care is a primary and essential practice to effectively manage a diverse range of health conditions.

Closed Blood Collection Systems revenue is expected to increase at a considerable growth rate over the next ten years at a CAGR of 5.9%.

Rising cases of wounds and injuries, malignancy, chronic diseases such as cardiovascular disease and diabetes, labor obstruction and infections, globally has accelerated the demand for blood collection techniques safe and effective, which has a positive impact on the growth of closed blood collection. device market.

The global closed blood collection systems market grew by 4.8% CAGR over the last 5 years.

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Key insights from market research

  • By sampling system, dual-line blood sampling systems are expected to hold 28.6% market share by the end of 2032.
  • By modality, pole mounted sampling systems are expected to hold 63.1% market share by 2032.
  • By age group, adults accounted for 67.8% market share in 2021.
  • Hospitals dominated the closed blood collection systems market with a 44.4% share in 2021.
  • By region, North America is expected to dominate the global closed blood collection systems market with a value share of around 39.9% by the end of 2032. Europe is expected to be the second regional market with a value share of 30.7%.

“The high prevalence of needlestick injuries and the risk of associated infections are expected to boost sales of closed blood collection systems,” says a Fact.MR analyst.

Market competition

Key market players such as ICU Medical Inc. and Elcam Medical are focusing on the development of indication-centric applications for safe blood collection techniques.

  • In January 2021, Elcam Medical joined existing investors Alon Medtech and serial medical device inventor, entrepreneur and investor Dr. Shimon Eckhouse. This company combines Serenno’s solution with Elcam’s manufacturing experience to provide high quality products at competitive prices.

In addition, manufacturers follow acquisition activities in order to build a complete product portfolio and acquire operational production capabilities at lower cost.

  • In January 2022, Smiths Medical of Smiths Group plc. Was acquired by ICU Medical Inc.

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Key Segments Covered by the Closed Blood Collection Systems Industry Research

  • Closed Blood Collection Systems Market by Collection System:
    • Single Line Blood Collection Systems
    • Dual Line Blood Collection Systems
    • Three-line blood collection systems
    • Pressure Transducer/Monitoring Kits
    • Accessories
  • Closed Blood Collection Systems Market by Modality:
    • Arm Mounted Sampling Systems
    • Pole Mounted Sampling Systems
  • Closed Blood Collection Systems Market by Age Group:
    • Neonatal/Paediatrics
    • Adults
  • Closed Blood Collection Systems Market by End User:
    • Hospitals
    • Specialized clinics
    • Ambulatory surgery centers
    • Cancer research institutes
    • Blood banks
    • Others
  • Closed Blood Collection Systems Market by Region:
    • North America Closed Blood Collection Systems Market
    • Latin America Closed Blood Collection Systems Market
    • Europe Closed Blood Collection Systems Market
    • South Asia Closed Blood Collection Systems Market
    • Closed Blood Collection Systems Market in East Asia
    • Closed Blood Collection Systems Market in Oceania
    • MEA Closed Blood Collection Systems Market

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What does the report cover?

Fact.MR offers a unique perspective and actionable insights into the Closed Blood Collection Systems market in its latest study, presenting a historical demand assessment from 2017 to 2021 and projections for 2022 to 2032.

The research study is based on the sampling system (single-line blood collection systems, double-line blood collection systems, three-line blood collection systems and pressure transducer/monitoring kits and accessories), modality (arm and pole mounted sampling systems -mounted sampling systems), age group (neonatal/pediatric and adult) and end user (hospitals, specialty clinics, ambulatory surgery centers, cancer research institutes , blood banks and others), in seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA).

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