United States Arterial Blood Collection Devices Market Research Report to 2032
ID: MRFR/MED/11399-US | 100 Pages | Author: MRFR Research Team| December 2023
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ID: MRFR/MED/11399-US | 100 Pages | Author: MRFR Research Team| December 2023
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US Arterial Blood Collection Devices Market Highlighted Trends & Dynamics
The biggest market for arterial blood collection devices is in the Americas, which includes two regions: North America and South America. Some important reasons for the growth of this market are the need for safe and reliable blood collection devices, the presence of major companies making these devices, and the widespread requirement for diagnostic services. However, a challenge for this market is the risk of infections from blood transfusions.In 2016, North America had the largest share in the market. This was because there was a higher demand for diagnostic procedures, more awareness about using sterile devices for blood collection, and advancements in clinical diagnostics technology. Also, the increase in surgical procedures and the high prevalence of lifestyle diseases are contributing to the market's growth. According to America's Blood Centres, one in every seven people entering the hospital needs blood. In the U.S., more than 15 million pints of blood are transfused every year, and over 40 thousand pints of blood are transfused daily in the U.S. and Canada.
In South America, rapid population growth and the need for diagnostic and blood collection devices are driving the market. In the U.S., which is a significant part of the Americas market, it held 65.9% of the market share in 2016 and is expected to reach USD 400.3 million by 2023. South America is anticipated to grow the fastest during the forecast period.
Looking at the types of devices, blood collection tubes held 40.0% of the market share in the Americas in 2016 and are expected to reach USD 236.3 million by 2023. Among the types, needles are predicted to grow the fastest. For applications, arterial blood gas sampling held 80.2% of the market share in 2016 and is expected to reach USD 488.0 million by 2023, with intraoperative blood salvage growing the fastest. In terms of end-users, hospitals and clinics held 62.7% of the market share in 2016 and are expected to reach USD 379.1 million by 2023. Blood banks are projected to grow the fastest during the forecast period.
In the U.S. alone, the market for arterial blood collection devices in 2016 saw blood collection tubes holding 39.1% of the market share, projected to reach USD 151.2 million by 2023. Needles are expected to grow the fastest among the types. Arterial blood gas sampling held 80.3% of the market share in 2016 and is expected to reach USD 320.3 million by 2023, with intraoperative blood salvage growing the fastest at 8.3% during the forecast period.
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