Automated Blood Collection Market Size, Regional Trends and Opportunities, Revenue Analysis
The global automated blood collection market size was USD 1.08 Billion in 2021 and is expected to register a revenue CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as growingpublic awareness about advantages that automated blood collection methods offer over manual blood collection techniques, ongoing demand for blood in hospitals, nursing homes, and ambulatory care facilities, rising rates of traffic accidents and trauma cases globally, and rising surgical rates. In addition, increasing government initiatives to promote blood donation, rising demand for sophisticated blood collection and storage systems, rise in popularity of liquid biopsy testing, and increased number of product approvals are also driving revenue growth of the market. As a result of surge in testing demand, medical facilities, such as hospitals and pathology labs, are introducing automation-based approaches in t...