South & Central America Blood Collection Devices Market Forecast to 2030
South & Central America Blood Collection Devices Market Forecast to 2030 – Regional Analysis – by Product (Blood Collection Tubes, Blood Collection Needles/Holders, Blood Collection Set, and Others), Methods (Manual Blood Collection and Automated Blood Collection), and End User (Hospitals and Pathology Laboratories, Blood Bank, and Others)
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Description
Rising Incidences of Chronic Diseases Drive South & Central America Blood Collection Devices Market
Blood collection devices are used for drawing blood from the veins. According to the World Health Organization, the most noncommunicable disease-related deaths are cardiovascular diseases, accounting for ∼17 million people each year, followed by cancers, chronic respiratory diseases, and diabetes (including deaths associated with the kidney). Furthermore, the needles are used for drawing blood for cholesterol testing as high cholesterol can cause heart stroke and heart attack. According to the World Heart Federation, high cholesterol causes 4.4 million deaths yearly, and ∼24% of cardiovascular-related deaths are attributable to high low-density lipoprotein (LDL) cholesterol. Further, diabetes is a life-threatening chronic disease with no practical cure. Diabetes can lead to several complications in different body parts and increase the probability of premature death. Heart attack, kidney failure, stroke, vision loss, leg amputation, and nerve damage are the major complications associated with diabetes. As per the International Diabetes Federation (IDF), in 2021, ∼537 million adults suffered from diabetes worldwide. The number is anticipated to reach 643 million and 783 million by 2030 and 2045, respectively. The treatment of chronic diseases requires blood tests and long-term medications; hence, the growing incidence of chronic diseases is anticipated to create numerous growth opportunities for the market players in the coming years.
South & Central America Blood Collection Devices Market Overview
Brazil has a significant medical device industry, and it is the largest of all Latin American countries. According to the International Trade Administration (US Department of Commerce), the medical device industry in Brazil relies mainly on the US, China, and Germany. In 2021, the country reported an increase of 7.3% in the imports of medical devices, reaching the value of US$ 6.2 billion. As per estimates by the Brazilian Ministry of Health, ~3 million units of blood are collected each year in Brazil; out of the total blood collected, ~70% of donations in these regions are collected through the public system. According to the Global Burden of Disease data published in 2020, Brazil has a high prevalence of chronic obstructive pulmonary disease (COPD), diabetes, and ischemic heart disease. Additionally, ischemic heart disease, stroke, COPD, and diabetes were the leading cause of death among the Brazilian population between 2009 and 2019. Thus, the country provides lucrative opportunities for companies providing blood collection devices for blood donation and disease diagnostics.
South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Blood Collection Devices Market Segmentation
The South & Central America blood collection devices market is segmented into product type, methods, end user, and country.
Based on product type, the South & Central America blood collection devices Market is segmented into blood collection tubes, blood collection needles/holders, blood collection set, and others. The blood collection tubes segment held the largest share of the South & Central America blood collection devices market in 2022.
In terms of methods, the South & Central America blood collection devices Market is bifurcated into manual blood collection and automated blood collection. The manual blood collection segment held a larger share of the South & Central America blood collection devices market in 2022.
By end user, the South & Central America blood collection devices market is segmented into hospitals and pathology laboratories, blood bank, and others. The hospitals and pathology laboratories segment held the largest share of the South & Central America blood collection devices market in 2022.
Based on country, the South & Central America blood collection devices market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated South & Central America blood collection devices market in 2022.
Becton Dickenson and Co, Terumo Corp, Cardinal Health, SARSTEDT AG & Co. KG, NIPRO, Thermo Fisher Scientific Inc, Sekisui Chemical Co Ltd, and Greiner Bio One International GmBH are some of the leading companies operating in the South & Central America blood collection devices market.
Summary Info
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According to the Research Team research, the South & Central America blood collection devices market was valued at US$ 333.95 million in 2022 and is expected to reach US$ 521.55 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Technological developments in blood collection techniques & products and rising incidences of chronic diseases are among the critical factor attributed to the South & Central America blood collection devices market expansion.
Collecting blood from patients with difficult venous access (DVA) is challenging. In the case of DVA patients, the traditionally used blood collection device is often unable to collect adequate samples; this might lead to repeated attempts to collect blood. The risk of anemia can arise due to these repeated attempts and the risk of transmission of blood-borne pathogens to nurses. To avoid such scenarios, market players have launched innovative hematology-tube designs that support capillary blood collection while reducing the risks of blood collection and treatment errors in DVA patients. The new technology offers a painless, needle-free, easy-to-use technique for collecting blood samples. The system allows blood samples to be taken in a nominally invasive manner. Once placed on a patient’s upper arm, hematology-tube improves capillary blood flow beneath the skin through micro-incision and patented skin vasodilation technology.
On the contrary, risk associated with needlestick injuries hampers the growth of South & Central America blood collection devices market.
Based on product type, the South & Central America blood collection devices market is segmented into blood collection tubes, blood collection needles/holders, blood collection set, and others. The blood collection tubes segment held 33.0% share of South & Central America blood collection devices market in 2022, amassing US$ 110.14 million. It is projected to garner US$ 182.27 million by 2030 to expand at 6.5% CAGR during 2022–2030.
In terms of methods, the South & Central America blood collection devices market is bifurcated into manual blood collection and automated blood collection. The manual blood collection segment held 83.4% share of South & Central America blood collection devices market in 2022, amassing US$ 278.62 million. It is projected to garner US$ 432.16 million by 2030 to expand at 5.6% CAGR during 2022–2030.
By end user, the South & Central America blood collection devices market is segmented into hospitals and pathology laboratories, blood bank, and others. The hospitals and pathology laboratories segment held 58.3% share of South & Central America blood collection devices market in 2022, amassing US$ 194.85 million. It is projected to garner US$ 307.66 million by 2030 to expand at 5.9% CAGR during 2022–2030.
Based on country, the South & Central America blood collection devices market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 55.2% share of South & Central America blood collection devices market in 2022. It was assessed at US$ 184.29 million in 2022 and is likely to hit US$ 293.03 million by 2030, exhibiting a CAGR of 6.0% during 2022–2030.
Key players operating in the South & Central America blood collection devices market are Becton Dickenson and Co, Terumo Corp, Cardinal Health, SARSTEDT AG & Co. KG, NIPRO, Thermo Fisher Scientific Inc, Sekisui Chemical Co Ltd, and Greiner Bio One International GmBH, among others.
In June 2022, Cardinal Health announced the acquisition of ScalaMed, a HIPAA-compliant smart platform that transmits medicines directly to patients via a secure mobile app. ScalaMed’s technology and assets are being transferred to Outcomes, a Cardinal Health firm, as part of the transaction. ScalaMed shifts prescription management from the provider to the patient, allowing patients to transfer prescriptions issued by their clinician to any pharmacy for the initial fill. The platform provides patients with increased freedom, easier access, and price comparison when choosing a pharmacy. In Feb 2020, BD and Babson Diagnostics, a transformative diagnostic blood testing company, announced a long-term strategic partnership agreement to bring laboratory-quality, small-volume blood collection to retail pharmacies.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America blood collection devices market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the blood collection devices market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Blood Collection Devices Market – Key Industry Dynamics
4.1 Key Market Drivers:
4.1.1 Increase in Prevalence of Cancer Worldwide
4.1.2 Surge in Demand for Minimally Invasive Diagnostic Tests
4.2 Market Restraints
4.2.1 Risk Associated with Needlestick Injuries
4.3 Market Opportunities
4.3.1 Rising Incidences of Chronic Diseases
4.4 Future Trends
4.4.1 Technological Developments in Blood Collection Techniques and Products
4.5 Impact Analysis:
5. Blood Collection Devices Market – South & Central America Market Analysis
5.1 South & Central America Blood Collection Devices Market Revenue (US$ Mn), 2020 – 2030
6. South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 – by Product.
6.1 Overview
6.2 South & Central America Blood Collection Devices Market Revenue Share, by Product 2022 & 2030 (%)
6.3 Blood Collection Tubes
6.3.1 Overview
6.3.2 Blood Collection Tubes: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
6.3.3 Micro-collection Tubes
6.3.3.1 Overview
6.3.3.2 Micro-collection Tubes: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
6.3.4 Evacuated Blood Collection Tubes
6.3.4.1 Overview
6.3.4.2 Evacuated Blood Collection Tubes: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Blood Collection Needles/ Holders
6.4.1 Overview
6.4.2 Blood Collection Needles/ Holders: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Blood Collection Set
6.5.1 Overview
6.5.2 Blood Collection Set: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
6.6 Others
6.6.1 Overview
6.6.2 Others: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 – by Method
7.1 Overview
7.2 South & Central America Blood Collection Devices Market Revenue Share, by Method 2022 & 2030 (%)
7.3 Manual Blood Collection
7.3.1 Overview
7.3.2 Manual Blood Collection: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Automated Blood Collection
7.4.1 Overview
7.4.2 Automated Blood Collection: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 – by End User
8.1 Overview
8.2 South & Central America Blood Collection Devices Market Revenue Share, by End User 2022 & 2030 (%)
8.3 Hospitals and Pathology Laboratories
8.3.1 Overview
8.3.2 Hospitals and Pathology Laboratories: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Blood Bank
8.4.1 Overview
8.4.2 Blood Bank: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Blood Collection Devices Market – Country Analysis
9.1 South & Central America Blood Collection Devices Market: Overview
9.1.1 South & Central America Blood Collection Devices Market by Country
9.1.1.1 Brazil
9.1.1.1.1 Overview
9.1.1.1.2 Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.1.3 Brazil Blood Collection Devices Market, by Product
9.1.1.1.3.1 Brazil Blood Collection Devices Market, by Blood Collection Tubes Type
9.1.1.1.4 Brazil Blood Collection Devices Market, by Method
9.1.1.1.5 Brazil Blood Collection Devices Market, by End User
9.1.1.2 Argentina
9.1.1.2.1 Overview
9.1.1.2.2 Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.2.3 Argentina Blood Collection Devices Market, by Product
9.1.1.2.3.1 Argentina Blood Collection Devices Market, by Blood Collection Tubes Type
9.1.1.2.4 Argentina Blood Collection Devices Market, by Method
9.1.1.2.5 Argentina Blood Collection Devices Market, by End User
9.1.1.3 Rest of South & Central America
9.1.1.3.1 Overview
9.1.1.3.2 Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.3.3 Rest of South & Central America Blood Collection Devices Market, by Product
9.1.1.3.3.1 Rest of South & Central America Blood Collection Devices Market, by Blood Collection Tubes Type
9.1.1.3.4 Rest of South & Central America Blood Collection Devices Market, by Method
9.1.1.3.5 Rest of South & Central America Blood Collection Devices Market, by End User
10. South & Central America Blood Collection Devices Market Industry Landscape
10.1 Overview
10.2 Growth Strategies in the Blood Collection Devices Market
10.3 Inorganic Growth Strategies
10.3.1 Overview
10.4 Organic Growth Strategies
10.4.1 Overview
11. Company Profiles
11.1 Becton Dickinson and Co
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Terumo Corp
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Cardinal Health Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 SARSTEDT AG & Co KG
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Nipro Corp
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Thermo Fisher Scientific Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Sekisui Chemical Co Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Greiner Bio-One International GmbH
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About Us
12.2 Glossary of Terms
LIST OF TABLES
Table 1.            South & Central America Blood Collection Devices Market Segmentation
Table 2.            Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product
Table 3.            Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type
Table 4.            Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method
Table 5.            Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 6.            Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product
Table 7.            Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type
Table 8.            Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method
Table 9.            Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 10.         Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product
Table 11.         Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type
Table 12.         Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method
Table 13.         Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 14.         Recent Inorganic Growth Strategies in the Blood Collection Devices Market
Table 15.         Recent Organic Growth Strategies in the Blood Collection Devices Market
Table 16.         Glossary of Terms, Blood Collection Devices Market
LIST OF FIGURES
Figure 1.          South & Central America Blood Collection Devices Market Segmentation, By Country
Figure 2.          South & Central America Blood Collection Devices Market – Key Industry Dynamics
Figure 3.          Impact Analysis of Drivers and Restraints
Figure 4.          South & Central America Blood Collection Devices Market Revenue (US$ Mn), 2020 – 2030
Figure 5.          South & Central America Blood Collection Devices Market Revenue Share, by Product 2022 & 2030 (%)
Figure 6.          Blood Collection Tubes: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7.          Micro-collection Tubes: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8.          Evacuated Blood Collection Tubes: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9.          Blood Collection Needles/ Holders: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10.       Blood Collection Set: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11.       Others: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12.       South & Central America Blood Collection Devices Market Revenue Share, by Method 2022 & 2030 (%)
Figure 13.       Manual Blood Collection: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14.       Automated Blood Collection: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15.       South & Central America Blood Collection Devices Market Revenue Share, by End User 2022 & 2030 (%)
Figure 16.       Hospitals and Pathology Laboratories: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17.       Blood Bank: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18.       Others: South & Central America Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19.       South & Central America Blood Collection Devices Market, By Country 2022 ($Mn)
Figure 20.       South & Central America Blood Collection Devices Market, By Key Countries, 2022 and 2030 (%)
Figure 21.       Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)
Figure 22.       Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)
Figure 23.       Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)
Figure 24.       Growth Strategies in the Blood Collection Devices Market
The List of Companies – South & Central America Blood Collection Devices Market
o Becton Dickenson and Co
o Terumo Corp
o Cardinal Health
o SARSTEDT AG & Co. KG
o NIPRO
o Thermo Fisher Scientific Inc
o Sekisui Chemical Co Ltd
o Greiner Bio One International GmBH
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