Self-sampling Blood Collection and Storage Devices Market to Hit US$ 310.6 Mn, Globally, by 2031 at 11.9% CAGR: Transparency Market Research

Published On : 11/22/2021

Description:

Self-sampling Blood Collection and Storage Devices Market: Introduction

According to the report, the global self-sampling blood collection and storage devices market was valued at US$ 90.1 Mn in 2020 and is projected to expand at a CAGR of 11.9% from 2021 to 2031. Increase in patient pool with different chronic diseases, rise in prevalence of various blood disorders, and surge in geriatric population are anticipated to drive the global self-sampling blood collection and storage devices market from 2021 to 2031.

North America is expected to account for a significant share of the global self-sampling blood collection and storage devices market during the forecast period. Well-developed healthcare infrastructure, economic stability, and awareness among citizens are the major factors likely to propel the market in the region during the forecast period. The market in North America is projected to expand at a high CAGR from 2021 to 2031.

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Rise in Prevalence of Blood Related Disorders, Chronic Diseases to Propel Market

Anemia, bleeding disorders such as hemophilia and blood clots, and blood cancers such as leukemia, lymphoma, and myeloma are the common blood disorders. Blood diseases and disorders affect one or more parts of blood and disturb the blood function. A number of blood diseases and disorders is caused by genes. Other causes include other diseases, side effects of medicines, and a lack of certain nutrients in diet.

According to the Centers for Disease Control and Prevention, in 2018, 710,000 visits to physician offices were recorded with anemia as the primary diagnosis in the U.S. It is more common among women than men; however, by age 65, it occurs more often in men. According to AGS Health, anemia is diagnosed in about 20% and 15% of men and women, respectively, aged over 80.

Hemophilia is an inherited bleeding disorder and affects 1 in 5,000 male births. Each year around 400 babies are born with hemophilia A. In the U.S., about 33,000 males suffered from the disorder between 2012 and 2018. There are around 137 types of blood cancers and related disorders. According to the Leukemia & Lymphoma Society of Canada (LLSC), nearly 22,340 people of all ages were diagnosed with a form of blood cancer in Canada in 2016. Hence, increase in the number of cases of blood-related disorders is anticipated to drive the global market.

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Collection Devices to Dominate Global Market

In terms of product, the global self-sampling blood collection and storage devices market has been bifurcated into collection devices and others. The collection devices segment is expected to dominate the global self-sampling blood collection and storage devices market from 2021 to 2031. The increase in the demand for remote blood collection and testing is likely to drive the segment during the forecast period.

Drug Discovery & Development to Offer Growth Opportunities

Based on application, the global self-sampling blood collection and storage devices market has been classified into disease management, health & wellness, drug discovery & development, epidemiological population health studies, and others. The drug discovery & development segment is projected to expand at a higher CAGR during the forecast period.

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Academic & Research Institutes to Drive Global Market

In terms of customer base, the global self-sampling blood collection and storage devices market has been categorized into diagnostic laboratories, academic & research institutes, pharmaceutical industries, home settings, and others. The academic & research institutes segment is expected to account for the largest share of the global self-sampling blood collection and storage devices market during the forecast period.

Competition Landscape

The report provides profiles of leading players operating in the global self-sampling blood collection and storage devices market. These include Neoteryx, LLC, DBS System SA, PanoHealth, Tasso, Inc., Seventh Sense Biosystems, LAMEDITECH, Capitainer, Spot On Sciences, Trajan Scientific and Medical, Drawbridge Health, Weavr Health, and Microdrop.

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