Blood Collection Devices Market Size, Share, Trends, Analysis and Growth 2030

Blood Collection Devices Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Blood Collection Sets, Blood Collection Needles/Holders, Blood Collection Tubes, Others), Method (Manual Blood Collection, Automated Blood Collection), End User (Hospitals and Pathology Laboratories, Blood Banks, Others), and Geography

  • Report Code : TIPHE100001279
  • Category : Life Sciences
  • Status : Published
  • No. of Pages : 176
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The blood collection devices market size is projected to reach US$ 14,021.79 million by 2030 from US$ 8,713.21 million in 2022. The market is expected to register a CAGR of 6.1% during 2022–2030. Technological developments in blood collection techniques and products are likely to remain a key trend in the market.

Blood Collection Devices Market Analysis

Blood sampling is an essential part of many disease diagnoses. It is the first step in diagnosing any illness in the body and not only aids in learning about the excess or deficiency of different elements in the body. Hospitals and medical facilities can choose from a variety of blood collection systems. Thus, various key players such as Becton Dickinson and Co, Terumo Corp, Cardinal Health Inc., SARSTEDT AG & Co KG, Nipro Corp, Thermo Fisher Scientific Inc., and others are engaged in offering a significant product portfolio for blood collection devices.

Blood Collection Devices Market Overview

Globally, medical facilities are witnessing a significant rise in the incidence of cancer. The National Cancer Institute states that cancer is becoming a more significant global health concern. Around 10 million people worldwide lost their lives to cancer in 2020, with 19.3 million new cases reported. According to the WHO (World Health Organization), there may be approximately 28.9 million new cases of cancer worldwide by 2040. Liquid biopsies, the most popular type of blood test for cancer, are used to screen for and diagnose cancers, including ovarian, breast, colorectal, prostate, and non-small cell lung cancer (NSCLC). Blood collection tubes thus support the organization's early cancer detection strategy, facilitating prompt treatment and raising the survival rates of cancer patients. Thus, the global market for blood collection devices is driven by the rising incidence of cancer.

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Blood Collection Devices Market: Strategic Insights

blood-collection-devices-market
Market Size Value inUS$ 8,713.21 million in 2022
Market Size Value byUS$ 14,021.79 million by 2030
Growth rateCAGR of 6.1% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Blood Collection Devices Market Drivers and Opportunities

Increase in Demand for Minimally Invasive Diagnostics Tests Favors the Market Growth

Due to less pain and wounding than traditional venipuncture, minimally invasive sampling techniques like capillary blood sampling are frequently utilized for point-of-care testing in clinical settings like the ICU and home healthcare settings. Patients are increasingly choosing minimally or noninvasive tests when seeking a diagnosis.  In recent times, there has been a lot of interest in the noninvasive blood collection procedure due to technological advancements that have improved processing times and feasibility. A blood test lowers the cost and duration of problem diagnosis while being a noninvasive, painless procedure. A blood test is a straightforward substitute for surgical biopsies that allows medical professionals to know more about tumors from a straightforward blood sample. Therefore, the increase in the demand for noninvasive or minimally invasive diagnostic tests is driving the growth of the global market for blood collection devices.

Introduction of Technologically Advanced Products

Blood collection from patients with DVA (difficult venous access) presents a challenge. In the case of DVA patients, the traditional blood collection device is frequently unable to collect adequate samples, resulting in multiple attempts to collect blood. Repeated attempts may result in anemia, as well as the transmission of blood-borne pathogens to nurses. To avoid such scenarios, market players have introduced novel hematology tube designs that facilitate capillary blood collection while lowering the risks of blood collection and treatment errors in DVA patients. The new technology provides a painless, needle-free, and user-friendly method for collecting blood samples. The system enables blood samples to be collected in a minimally invasive manner. Hematology tubes, which are placed on a patient's upper arm, improve capillary blood flow beneath the skin using micro-incision and patented skin vasodilation technology. For instance, Vitestro, a Dutch medical robotics company, unveiled the world's most advanced autonomous blood drawing device at the Netherlands Society for Clinical Chemistry and Laboratory Medicine's (NVKC) annual meeting in Rotterdam in May 2022. Vitestro's device combines Al-based, ultrasound-guided 3D reconstruction with robotic needle insertion for precise and secure blood collection.

Blood Collection Devices Market Report Segmentation Analysis

Key segments that contributed to the derivation of the blood collection devices market analysis are product, method, and end user.

  • Based on product, the blood collection devices market is segmented into blood collection tubes, blood collection needles/holders, blood collection sets, others. The blood collection tubes segment held the most significant market share in 2022.
  • By method, the market is categorized into manual blood collection, automated blood collection. The manual blood collection segment held the largest share of the market in 2022.
  • By end user, the market is segmented into hospitals and pathology laboratories, blood banks, others. The hospitals and pathology laboratories segment held the largest share of the market in 2022.

Blood Collection Devices Market Share Analysis by Geography

The geographic scope of the blood collection devices market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The healthcare industry in the United States is well-developed, with cutting-edge technology and instruments. The country is seeing an increase in chronic diseases such as acute kidney injury (AKI), multiple organ dysfunction syndromes, and sepsis, which is expected to boost the blood collection device market. The Centers for Disease Control and Prevention's "Chronic Kidney Disease in the United States, 2023" report estimates that 14% of the US population (35.5 million) has chronic kidney disease (CKD). Furthermore, nine out of ten people are unaware that they have chronic kidney disease. The causes of CKD include hypertension, heart disease, obesity, and diabetes. As a result, the prevalence of high blood pressure, heart disease, diabetes, and obesity has risen in the United States, thereby causing a demand for blood samples for diagnostics and research, propelling the growth of the North American blood collection device market.

Blood Collection Devices Market Report Scope

Blood Collection Devices Market News and Recent Developments

The blood collection devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the blood collection devices market are listed below:

  • BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, announced it has received 510(k) clearances from the U.S. Federal Drug Administration (FDA) for a novel blood collection device that obtains blood samples from a fingerstick that produce lab-quality results for some of the most commonly ordered blood tests. (Source: BD, Press Release, December 2023)
  • ASP Global, a leading strategic sourcing company serving America’s largest health systems, labs and distributors, announced the acquisition of Nashville-headquartered, RAM Scientific. RAM Scientific has provided high quality 100% plastic capillary blood collection devices since 1989, and is recognized as the premiere source of safe micro blood collection systems for clinical and research applications. The acquisition supports ASP Global’s focus on expanding its supply chain capabilities, and providing comprehensive, clinically relevant and specialized solutions to customers and patients. (Source: ASP Global, Press Release, December 2022)

Blood Collection Devices Market Report Coverage and Deliverables

The “Blood Collection Devices Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

  • Blood collection devices market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Blood collection devices market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Blood collection devices market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the blood collection devices market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Method, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which are the leading players operating in the blood collection devices market?

Becton Dickinson and Co, Terumo Corp, Cardinal Health Inc, SARSTEDT AG & Co KG, Nipro Corp, Sekisui Chemical Co Ltd, Thermo Fisher Scientific Inc, Greiner Bio-One International GmbH, FL Medical SRL, IntervacTechnology OU

What is the expected CAGR of the blood collection devices market?

The market is expected to register a CAGR of 6.1% during 2022–2030.

Which region dominated the blood collection devices market in 2022?

North America dominated the blood collection devices market in 2022

What are the driving factors impacting the blood collection devices market?

Key factors driving the market are an increase in demand for minimally invasive diagnostics tests and a rise in the prevalence of chronic diseases.

What are the future trends of the blood collection devices market?

Technological developments in blood collection techniques and products are likely to remain a key trend in the market.

1. Introduction

1.1 The Insight Partners 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. Blood Collection Devices Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Global PEST Analysis

5. Blood Collection Devices Market - Key Industry Dynamics

5.1 Key Market Drivers:

5.1.1 Increase in Prevalence of Cancer Worldwide

5.1.2 Surge in Demand for Minimally Invasive Diagnostic Tests

5.2 Market Restraints

5.2.1 Risk Associated with Needlestick Injuries

5.3 Market Opportunities

5.3.1 Rising Incidences of Chronic Diseases

5.4 Future Trends

5.4.1 Technological Developments in Blood Collection Techniques and Products

5.5 Impact Analysis:

6. Blood Collection Devices Market - Global Market Analysis

6.1 Blood Collection Devices Market Revenue (US$ Mn), 2022 – 2030

7. Global Blood Collection Devices Market – Revenue and Forecast to 2030 – by Product

7.1 Overview

7.2 Blood Collection Devices Market Revenue Share, by Product 2022 & 2030 (%)

7.3 Blood Collection Tubes

7.3.1 Overview

7.3.2 Blood Collection Tubes: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

7.3.3 Micro-collection Tubes

7.3.3.1 Overview

7.3.3.2 Micro-collection Tubes: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

7.3.4 Evacuated Blood Collection Tubes

7.3.4.1 Overview

7.3.4.2 Evacuated Blood Collection Tubes: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

7.4 Blood Collection Needles/ Holders

7.4.1 Overview

7.4.2 Blood Collection Needles/ Holders: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

7.5 Blood Collection Set

7.5.1 Overview

7.5.2 Blood Collection Set: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

8. Global Blood Collection Devices Market – Revenue and Forecast to 2030 – by Method

8.1 Overview

8.2 Blood Collection Devices Market Revenue Share, by Method 2022 & 2030 (%)

8.3 Manual Blood Collection

8.3.1 Overview

8.3.2 Manual Blood Collection: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

8.4 Automated Blood Collection

8.4.1 Overview

8.4.2 Automated Blood Collection: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

9. Global Blood Collection Devices Market – Revenue and Forecast to 2030 – by End User

9.1 Overview

9.2 Blood Collection Devices Market Revenue Share, by End User 2022 & 2030 (%)

9.3 Hospitals and Pathology Laboratories

9.3.1 Overview

9.3.2 Hospitals and Pathology Laboratories: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

9.4 Blood Bank

9.4.1 Overview

9.4.2 Blood Bank: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

9.5 Others

9.5.1 Overview

9.5.2 Others: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

10. Blood Collection Devices Market - Geographical Analysis

10.1 North America Blood Collection Devices Market, Revenue and Forecast To 2030

10.1.1 Overview

10.1.2 North America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.1.3 North America Blood Collection Devices Market, by Product

10.1.3.1 North America Blood Collection Devices Market, by Blood Collection Tubes Type

10.1.4 North America Blood Collection Devices Market, by Method

10.1.5 North America Blood Collection Devices Market, by End User

10.1.6 North America Blood Collection Devices Market, by Country

10.1.6.1 US

10.1.6.1.1 Overview

10.1.6.1.2 US Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.1.6.1.3 US Blood Collection Devices Market, by Product

10.1.6.1.3.1 US Blood Collection Devices Market, by Blood Collection Tubes Type

10.1.6.1.4 US Blood Collection Devices Market, by Method

10.1.6.1.5 US Blood Collection Devices Market, by End User

10.1.6.2 Canada

10.1.6.2.1 Overview

10.1.6.2.2 Canada Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.1.6.2.3 Canada Blood Collection Devices Market, by Product

10.1.6.2.3.1 Canada Blood Collection Devices Market, by Blood Collection Tubes Type

10.1.6.2.4 Canada Blood Collection Devices Market, by Method

10.1.6.2.5 Canada Blood Collection Devices Market, by End User

10.1.6.3 Mexico

10.1.6.3.1 Overview

10.1.6.3.2 Mexico Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.1.6.3.3 Mexico Blood Collection Devices Market, by Product

10.1.6.3.3.1 Mexico Blood Collection Devices Market, by Blood Collection Tubes Type

10.1.6.3.4 Mexico Blood Collection Devices Market, by Method

10.1.6.3.5 Mexico Blood Collection Devices Market, by End User

10.2 Europe Blood Collection Devices Market, Revenue and Forecast to 2030

10.2.1 Overview

10.2.2 Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.2.3 Europe Blood Collection Devices Market, by Product

10.2.3.1 Europe Blood Collection Devices Market, by Blood Collection Tubes Type

10.2.4 Europe Blood Collection Devices Market, by Method

10.2.5 Europe Blood Collection Devices Market, by End User

10.2.6 Europe Blood Collection Devices Market by Country

10.2.6.1 Germany

10.2.6.1.1 Overview

10.2.6.1.2 Germany Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.2.6.1.3 Germany Blood Collection Devices Market, by Product

10.2.6.1.3.1 Germany Blood Collection Devices Market, by Blood Collection Tubes Type

10.2.6.1.4 Germany Blood Collection Devices Market, by Method

10.2.6.1.5 Germany Blood Collection Devices Market, by End User

10.2.6.2 France

10.2.6.2.1 Overview

10.2.6.2.2 France Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.2.6.2.3 France Blood Collection Devices Market, by Product

10.2.6.2.3.1 France Blood Collection Devices Market, by Blood Collection Tubes Type

10.2.6.2.4 France Blood Collection Devices Market, by Method

10.2.6.2.5 France Blood Collection Devices Market, by End User

10.2.6.3 UK

10.2.6.3.1 Overview

10.2.6.3.2 UK Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.2.6.3.3 UK Blood Collection Devices Market, by Product

10.2.6.3.3.1 UK Blood Collection Devices Market, by Blood Collection Tubes Type

10.2.6.3.4 UK Blood Collection Devices Market, by Method

10.2.6.3.5 UK Blood Collection Devices Market, by End User

10.2.6.4 Italy

10.2.6.4.1 Overview

10.2.6.4.2 Italy Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.2.6.4.3 Italy Blood Collection Devices Market, by Product

10.2.6.4.3.1 Italy Blood Collection Devices Market, by Blood Collection Tubes Type

10.2.6.4.4 Italy Blood Collection Devices Market, by Method

10.2.6.4.5 Italy Blood Collection Devices Market, by End User

10.2.6.5 Spain

10.2.6.5.1 Overview

10.2.6.5.2 Spain Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.2.6.5.3 Spain Blood Collection Devices Market, by Product

10.2.6.5.3.1 Spain Blood Collection Devices Market, by Blood Collection Tubes Type

10.2.6.5.4 Spain Blood Collection Devices Market, by Method

10.2.6.5.5 Spain Blood Collection Devices Market, by End User

10.2.6.6 Rest of Europe

10.2.6.6.1 Overview

10.2.6.6.2 Rest of Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.2.6.6.3 Rest of Europe Blood Collection Devices Market, by Product

10.2.6.6.3.1 Rest of Europe Blood Collection Devices Market, by Blood Collection Tubes Type

10.2.6.6.4 Rest of Europe Blood Collection Devices Market, by Method

10.2.6.6.5 Rest of Europe Blood Collection Devices Market, by End User

10.3 Asia Pacific Blood Collection Devices Market, Revenue and Forecast to 2030

10.3.1 Overview

10.3.2 Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.3.3 Asia Pacific Blood Collection Devices Market, by Product

10.3.3.1 Asia Pacific Blood Collection Devices Market, by Blood Collection Tubes Type

10.3.4 Asia Pacific Blood Collection Devices Market, by Method

10.3.5 Asia Pacific Blood Collection Devices Market, by End User

10.3.6 Asia Pacific Blood Collection Devices Market by Country

10.3.6.1 China

10.3.6.1.1 Overview

10.3.6.1.2 China Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.3.6.1.3 China Blood Collection Devices Market, by Product

10.3.6.1.3.1 China Blood Collection Devices Market, by Blood Collection Tubes Type

10.3.6.1.4 China Blood Collection Devices Market, by Method

10.3.6.1.5 China Blood Collection Devices Market, by End User

10.3.6.2 Japan

10.3.6.2.1 Overview

10.3.6.2.2 Japan Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.3.6.2.3 Japan Blood Collection Devices Market, by Product

10.3.6.2.3.1 Japan Blood Collection Devices Market, by Blood Collection Tubes Type

10.3.6.2.4 Japan Blood Collection Devices Market, by Method

10.3.6.2.5 Japan Blood Collection Devices Market, by End User

10.3.6.3 India

10.3.6.3.1 Overview

10.3.6.3.2 India Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.3.6.3.3 India Blood Collection Devices Market, by Product

10.3.6.3.3.1 India Blood Collection Devices Market, by Blood Collection Tubes Type

10.3.6.3.4 India Blood Collection Devices Market, by Method

10.3.6.3.5 India Blood Collection Devices Market, by End User

10.3.6.4 Australia

10.3.6.4.1 Overview

10.3.6.4.2 Australia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.3.6.4.3 Australia Blood Collection Devices Market, by Product

10.3.6.4.3.1 Australia Blood Collection Devices Market, by Blood Collection Tubes Type

10.3.6.4.4 Australia Blood Collection Devices Market, by Method

10.3.6.4.5 Australia Blood Collection Devices Market, by End User

10.3.6.5 South Korea

10.3.6.5.1 Overview

10.3.6.5.2 South Korea Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.3.6.5.3 South Korea Blood Collection Devices Market, by Product

10.3.6.5.3.1 South Korea Blood Collection Devices Market, by Blood Collection Tubes Type

10.3.6.5.4 South Korea Blood Collection Devices Market, by Method

10.3.6.5.5 South Korea Blood Collection Devices Market, by End User

10.3.6.6 Rest of Asia Pacific

10.3.6.6.1 Overview

10.3.6.6.2 Rest of Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.3.6.6.3 Rest of Asia Pacific Blood Collection Devices Market, by Product

10.3.6.6.3.1 Rest of Asia Pacific Blood Collection Devices Market, by Blood Collection Tubes Type

10.3.6.6.4 Rest of Asia Pacific Blood Collection Devices Market, by Method

10.3.6.6.5 Rest of Asia Pacific Blood Collection Devices Market, by End User

10.4 Middle East & Africa Blood Collection Devices Market, Revenue and Forecast to 2030

10.4.1 Overview

10.4.2 Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.4.3 Middle East & Africa Blood Collection Devices Market, by Product

10.4.3.1 Middle East & Africa Blood Collection Devices Market, by Blood Collection Tubes Type

10.4.4 Middle East & Africa Blood Collection Devices Market, by Method

10.4.5 Middle East & Africa Blood Collection Devices Market, by End User

10.4.6 Middle East & Africa Blood Collection Devices Market by Country

10.4.6.1 UAE

10.4.6.1.1 Overview

10.4.6.1.2 UAE Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.4.6.1.3 UAE Blood Collection Devices Market, by Product

10.4.6.1.3.1 UAE Blood Collection Devices Market, by Blood Collection Tubes Type

10.4.6.1.4 UAE Blood Collection Devices Market, by Method

10.4.6.1.5 UAE Blood Collection Devices Market, by End User

10.4.6.2 Saudi Arabia

10.4.6.2.1 Overview

10.4.6.2.2 Saudi Arabia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.4.6.2.3 Saudi Arabia Blood Collection Devices Market, by Product

10.4.6.2.3.1 Saudi Arabia Blood Collection Devices Market, by Blood Collection Tubes Type

10.4.6.2.4 Saudi Arabia Blood Collection Devices Market, by Method

10.4.6.2.5 Saudi Arabia Blood Collection Devices Market, by End User

10.4.6.3 South Africa

10.4.6.3.1 Overview

10.4.6.3.2 South Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.4.6.3.3 South Africa Blood Collection Devices Market, by Product

10.4.6.3.3.1 South Africa Blood Collection Devices Market, by Blood Collection Tubes Type

10.4.6.3.4 South Africa Blood Collection Devices Market, by Method

10.4.6.3.5 South Africa Blood Collection Devices Market, by End User

10.4.6.4 Rest of Middle East & Africa

10.4.6.4.1 Overview

10.4.6.4.2 Rest of Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.4.6.4.3 Rest of Middle East & Africa Blood Collection Devices Market, by Product

10.4.6.4.3.1 Rest of Middle East & Africa Blood Collection Devices Market, by Blood Collection Tubes Type

10.4.6.4.4 Rest of Middle East & Africa Blood Collection Devices Market, by Method

10.4.6.4.5 Rest of Middle East & Africa Blood Collection Devices Market, by End User

10.5 South & Central America Blood Collection Devices Market, Revenue and Forecast to 2030

10.5.1 Overview

10.5.2 South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.5.3 South & Central America Blood Collection Devices Market, by Product

10.5.3.1 South & Central America Blood Collection Devices Market, by Blood Collection Tubes Type

10.5.4 South & Central America Blood Collection Devices Market, by Method

10.5.5 South & Central America Blood Collection Devices Market, by End User

10.5.6 South & Central America Blood Collection Devices Market by Country

10.5.6.1 Brazil

10.5.6.1.1 Overview

10.5.6.1.2 Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.5.6.1.3 Brazil Blood Collection Devices Market, by Product

10.5.6.1.3.1 Brazil Blood Collection Devices Market, by Blood Collection Tubes Type

10.5.6.1.4 Brazil Blood Collection Devices Market, by Method

10.5.6.1.5 Brazil Blood Collection Devices Market, by End User

10.5.6.2 Argentina

10.5.6.2.1 Overview

10.5.6.2.2 Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.5.6.2.3 Argentina Blood Collection Devices Market, by Product

10.5.6.2.3.1 Argentina Blood Collection Devices Market, by Blood Collection Tubes Type

10.5.6.2.4 Argentina Blood Collection Devices Market, by Method

10.5.6.2.5 Argentina Blood Collection Devices Market, by End User

10.5.6.3 Rest of South & Central America

10.5.6.3.1 Overview

10.5.6.3.2 Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

10.5.6.3.3 Rest of South & Central America Blood Collection Devices Market, by Product

10.5.6.3.3.1 Rest of South & Central America Blood Collection Devices Market, by Blood Collection Tubes Type

10.5.6.3.4 Rest of South & Central America Blood Collection Devices Market, by Method

10.5.6.3.5 Rest of South & Central America Blood Collection Devices Market, by End User

11. Blood Collection Devices Market Industry Landscape

11.1 Overview

11.2 Growth Strategies in the Blood Collection Devices Market

11.3 Inorganic Growth Strategies

11.3.1 Overview

11.4 Organic Growth Strategies

11.4.1 Overview

12. Company Profiles

12.1 Becton Dickinson and Co

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Terumo Corp

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Cardinal Health Inc

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 SARSTEDT AG & Co KG

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Nipro Corp

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Thermo Fisher Scientific Inc

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Sekisui Chemical Co Ltd

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Greiner Bio-One International GmbH

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 FL Medical SRL

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 IntervacTechnology OU

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About Us

13.2 Glossary of Terms

List of Tables

Table 1. Blood Collection Devices Market Segmentation

Table 2. North America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 3. North America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 4. North America Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – Method

Table 5. North America Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – End User

Table 6. US Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 7. US Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 8. US Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 9. US Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 10. Canada Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 11. Canada Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 12. Canada Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 13. Canada Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 14. Mexico Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 15. Mexico Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 16. Mexico Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 17. Mexico Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 18. Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 19. Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 20. Europe Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – Method

Table 21. Europe Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – End User

Table 22. Germany Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 23. Germany Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 24. Germany Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 25. Germany Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 26. France Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 27. France Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 28. France Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 29. France Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 30. UK Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 31. UK Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 32. UK Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 33. UK Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 34. Italy Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 35. Italy Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 36. Italy Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 37. Italy Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 38. Spain Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 39. Spain Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 40. Spain Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 41. Spain Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 42. Rest of Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 43. Rest of Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 44. Rest of Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 45. Rest of Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 46. Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 47. Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 48. Asia Pacific Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – Method

Table 49. Asia Pacific Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – End User

Table 50. China Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 51. China Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 52. China Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 53. China Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 54. Japan Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 55. Japan Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 56. Japan Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 57. Japan Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 58. India Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 59. India Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 60. India Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 61. India Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 62. Australia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 63. Australia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 64. Australia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 65. Australia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 66. South Korea Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 67. South Korea Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 68. South Korea Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 69. South Korea Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 70. Rest of Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 71. Rest of Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 72. Rest of Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 73. Rest of Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 74. Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 75. Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 76. Middle East & Africa Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – Method

Table 77. Middle East & Africa Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – End User

Table 78. UAE Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 79. UAE Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 80. UAE Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 81. UAE Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 82. Saudi Arabia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 83. Saudi Arabia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 84. Saudi Arabia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 85. Saudi Arabia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 86. South Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 87. South Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 88. South Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 89. South Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 90. Rest of Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 91. Rest of Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 92. Rest of Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 93. Rest of Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 94. South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 95. South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 96. South & Central America Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – Method

Table 97. South & Central America Blood Collection Devices Market Revenue and Forecast To 2030 (US$ Mn) – End User

Table 98. Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 99. Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 100. Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 101. Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 102. Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 103. Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 104. Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 105. Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 106. Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product

Table 107. Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Blood Collection Tubes Type

Table 108. Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – Method

Table 109. Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User

Table 110. Recent Inorganic Growth Strategies in the Blood Collection Devices Market

Table 111. Recent Organic Growth Strategies in the Blood Collection Devices Market

Table 112. Glossary of Terms, Blood Collection Devices Market

List of Figures

Figure 1. Blood Collection Devices Market Segmentation, By Geography

Figure 2. Global - PEST Analysis

Figure 3. Blood Collection Devices Market - Key Industry Dynamics

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. Blood Collection Devices Market Revenue (US$ Mn), 2022 – 2030

Figure 6. Global Blood Collection Devices Market, By Geography Forecast Analysis, 2022 & 2030

Figure 7. Blood Collection Devices Market Revenue Share, by Product 2022 & 2030 (%)

Figure 8. Blood Collection Tubes: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 9. Micro-collection Tubes: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 10. Evacuated Blood Collection Tubes: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 11. Blood Collection Needles/ Holders: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 12. Blood Collection Set: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 13. Others: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 14. Blood Collection Devices Market Revenue Share, by Method 2022 & 2030 (%)

Figure 15. Manual Blood Collection: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 16. Automated Blood Collection: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 17. Blood Collection Devices Market Revenue Share, by End User 2022 & 2030 (%)

Figure 18. Hospitals and Pathology Laboratories: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 19. Blood Bank: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 20. Others: Blood Collection Devices Market – Revenue and Forecast to 2030 (US$ Million)

Figure 21. North America Blood Collection Devices Market, By Geography, 2022 ($Mn)

Figure 22. North America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 23. North America Blood Collection Devices Market, By Key Countries, 2022 And 2030 (%)

Figure 24. US Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 25. Canada Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 26. Mexico Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 27. Europe Blood Collection Devices Market, By Geography, 2022 ($Mn)

Figure 28. Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 29. Europe Blood Collection Devices Market, By Key Countries, 2022 And 2030 (%)

Figure 30. Germany Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 31. France Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 32. UK Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 33. Italy Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 34. Spain Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 35. Rest of Europe Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 36. Blood Collection Devices Market, By Geography, 2022 ($Mn)

Figure 37. Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 38. Asia Pacific Blood Collection Devices Market, By Key Countries, 2022 And 2030 (%)

Figure 39. China Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 40. Japan Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 41. India Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 42. Australia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 43. South Korea Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 44. Rest of Asia Pacific Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 45. Blood Collection Devices Market, By Geography, 2022 And 2030 ($Mn)

Figure 46. Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 47. Middle East & Africa Blood Collection Devices Market, By Key Countries, 2022 and 2030 (%)

Figure 48. UAE Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 49. Saudi Arabia Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 50. South Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 51. Rest of Middle East & Africa Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 52. Blood Collection Devices Market, By Geography, 2022 ($Mn)

Figure 53. South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 54. South & Central America Blood Collection Devices Market, By Key Countries, 2022 And 2030 (%)

Figure 55. Brazil Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 56. Argentina Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 57. Rest of South & Central America Blood Collection Devices Market Revenue and Forecast to 2030 (US$ Mn)

Figure 58. Growth Strategies in the Blood Collection Devices Market

The List of Companies - Blood Collection Devices Market

  1. Becton Dickinson and Co
  2. Terumo Corp  
  3. Cardinal Health Inc  
  4. SARSTEDT AG & Co KG
  5. Nipro Corp  
  6. Thermo Fisher Scientific Inc
  7. Sekisui Chemical Co Ltd
  8. Greiner Bio-One International GmbH  
  9. FL Medical SRL
  10. IntervacTechnology OU

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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