Blood collection devices market to be valued at $13.02b by 2030

One key driver is the emergence of liquid biopsy tests.

The global blood collection devices market is expected to reach $13.02b by 2030 at a compound annual growth rate of 7.4%, according to MarketsandMarkets.

The sector’s expansion is attributed to the rising prevalence of infectious diseases, chronic and lifestyle-related conditions, and the increasing number of hospitals and surgical centres.

“The emergence of liquid biopsy tests, which rely on blood samples for early disease detection and monitoring, is driving the demand for advanced collection devices that ensure sample integrity and accuracy,” the report said.

In addition, the increasing number of accidents and trauma cases is further driving market growth.

A growing awareness and the demand for blood donations and blood components are also contributing to market expansion, particularly in emerging regions.

By applications, the diagnostic applications segment dominated the market in 2024.