This post is from a suggested group
Global Blood Collection Market: Essential Growth Driven by Diagnostics and Disease
The Global Blood Collection Market is a cornerstone of the healthcare industry, serving as the critical first step for both diagnostic testing and life-saving transfusions. Valued at $6.85 Billion in 2023, the market is positioned for significant expansion, with projections indicating it will reach $10.2 Billion by 2035, sustaining a Compound Annual Growth Rate (CAGR) of 3.38% over the forecast period (2025–2035). This steady, robust growth reflects an increasing global focus on proactive health screening, the rising incidence of chronic illnesses, and continuous technological efforts to improve patient safety and sample quality.
A major driving force is the rising prevalence of chronic diseases worldwide. Conditions such as diabetes, cardiovascular disease, and various cancers necessitate regular, often routine, blood testing for monitoring, diagnosis, and treatment adjustment. As life expectancies lengthen and lifestyle-related diseases become more common, the volume of blood…