Pune, India -- (SBWIRE) -- 02/23/2018 -- Blood collection involves withdrawal of blood from a vein or artery to diagnose disease or for any surgical procedure. The process of making incision into the vein is known as phlebotomy. This procedure is also known as venipuncture. Phlebotomist is a person performing venipuncture. He may be a doctors, nurses, medical laboratory professional or other healthcare provider.

The Global Arterial Blood Collection Devices Market is expected to grow at a CAGR of 9.1% during forecast period 2017-2023.

The global arterial blood collection devices market is expected to grow at a rapid pace. The factors influencing the growth of the market include rising number of surgical procedures, demand of blood for emergency care, high incidence of chronic diseases contribute to the growth of this market. Restrains inhibiting the growth of this market are risk of transfusion transmissible infection and growing inclination towards robotic surgery. However, technological advancements represent significant growth opportunities for the growth of the arterial blood collection devices market during the forecast period

Global Arterial Blood Collection Devices Market - Competitive Analysis

Becton, Dickinson and Company (U.S), Bio-Rad Laboratories, Inc. (U.S), NIPRO Medical Corporation (Japan), Qiagen (Netherlands), F. Hoffmann-La Roche Ltd (Switzerland), Terumo Medical Corporation (U.S), Thermo Fisher Scientific, Inc. (U.S) are some of the prominent players at the forefront of competition in the Global Arterial Blood Collection Devices Market and are profiled in MRFR Analysis.

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Characterized by the presence of several well-established and small players, the global market of arterial blood collection devices appears to be highly competitive and fragmented. With well-established market in the North America region major companies have their home in the region and generate maximum market share. These companies have expanded their operating unit in various other emerging regions as well. Moreover the other small and medium scale players are generating revenue from local market.

Globally, many players are operating in arterial blood collection devices market. Leading market players have their headquarters in America & Germany as well as they also enjoy global presence. Major market in arterial blood collection devices market are Becton, Dickson and Company, Bio-Rad Laboratories, Inc., NIPRO Medical Corporation, QIAGEN, F. Hoffmann-La Roche Ltd, Terumo Corporation, and Thermo Fisher Scientific, Inc. which account for more than 50% of shares in this market. These player contribute to positive growth of this market by manufacturing blood collection devices to meet the demand of the market.

Key Findings

Blood collection tubes segment in drug class held the largest market share in 2016, which was valued at USD 359.4 million in 2016.
Arterial blood gas sampling segment in application held the largest market share in 2016, which was valued at 25.6 million in 2016.
Asia Pacific region is expected to be the fastest growing market at the CAGR of 10.7% during the forecasted period.

Regional Analysis of Global Arterial Blood Collection Devices Market

Considering the global scenario of the market, the Americas accounted for a significant market share in 2016, as a result of increasing prevalence of chronic diseases, growing emphasis on safe blood transfusion procedure, concentration of major market players manufacturing blood collection devices, and extensive demand for diagnostic services.

Europe is the second largest market and holds a noticeable share in the global arterial blood collection devices market. The European market is expected to grow significantly during the forecast period owing to availability of advanced treatment facilities, skilled medical professionals, and adoption of new therapies.

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Availability of funds from the government for research and development also contributes to the growth of the market. According to the European parliament, various initiative have been undertaken for collection, storage, and processing of blood.

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