Market Industry Reports (MIR) has published a new report titled “Blood Collection Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global blood collection market accounted forover US$ 8.9 billion in 2019. It is anticipated to grow at a CAGR of ~5.2% from 2020 to 2030.
The first step in acquiring a quality lab test result for any patient is the specimen collection or blood collection procedure. The global blood collection market is growing at a stable pace and is expected to continue growing steadily during the forecast period. The factors which can be attributed to the growth of this market are rising incidences of accidents & trauma cases globally, increasing cases of ailments that require blood diagnosis, initiatives by both private & public bodies to promote blood donations, rising demand for blood components, among others. However, factors such as the outbreak of infectious diseases, such as the current global COVID-19 pandemic, is expected to hamper the growth of this market immensely.
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