Report Overview

“The Self-Sampling Blood Collection and Storage Devices Market size are expected to be worth around USD 353.29 million by 2031 from USD 114.77 million in 2022, growing at a CAGR of 11.9% during the forecast period 2021 to 2031.”

Revenue progress of the global self-sampling blood collection and storage devices market is considerably driven by expanding demand for effective and new drugs. Ongoing development activities and research (including DNA analysis) to cure and prevent new diseases, especially post Covid 19 pandemic, energize market growth. The surge in the patient pool with diverse chronic diseases, increased prevalence of numerous blood disorders, and rise in the senior population are expected to drive the global self-sampling blood collection and storage devices market from 2023 to 2032.

Global Self-Sampling Blood Collection and Storage Devices Market Scope:

Application Analysis

Due to the growing importance of clinical epidemiology, especially after Covid 19 heat millions globally. Epidemiology is the education of the disease and health in patient populations, including treatments and health outcomes. Epidemiologists recognize new conditions, discover how specific diseases were introduced, and notify control activities. Based on application, the epidemiology research segment is dominant in the Self-Sampling Blood Collection and Storage Devices Market by revenue share.

End-User Analysis

End-users, wise hospitals, ambulatory surgical centers, & nursing homes dominated all the income generation segments. The main features contributing to this segment’s development are the growing number of hospital pharmacies, particularly during Covid 19 pandemic, and increasing non-profit organizations’ initiatives in developing blood collection kits and healthcare systems to maintain hygiene.

Key Market Segments:

By Application

• Epidemiology Research
• Clinical Trials
• Therapeutic Drug Monitoring
• Population Health Studies
• Biomarker Testing
• Other Application

By End-User

• Hospitals, Ambulatory Surgical Centers, & Nursing Homes
• Diagnostic & Pathology Laboratories
• Academic & Research Institutes
• Blood Banks
• Other End-Users

Market Dynamics:

Drivers:

Growing awareness concerning the advantages of self-sampling blood collection and storage devices is anticipated to impact the income progress of the market positively. Distant self-sampled blood collection proposes various practical benefits. These devices can gather remote tasters efficiently and can ship and store the tasters at ambient temperatures. This guides to decrease cost and labor, reducing the cost of research and development activities globally. According to WHO, more than 424 million people have diabetes which is considered one of the principal reasons for death globally.

Additionally, increasing occurrences of diabetes, high blood pressure, and other chronic diseases result in additional demand for therapeutic drug monitoring, clinic visits, and regular testing. Hence, self-sampling blood collection and storage devices are cooperative for patients who cannot visit health clinics due to their health conditions. Additionally, the Covid 19 pandemic has controlled limitations and the assembly of people in hospitals to mitigate the spread of viral contamination.

Restraints:

Numerous critical factors substantively hamper the global self-sampling blood collection and storage devices market development. Fear of regular testing, needles, painful sample collection methods, lack of consciousness on how to gather blood samples, and mistaken results in blood collection kits are projected to restrain market development significantly. Key features obstructing market revenue growth are growing R&D activities for new drug development, the rising prevalence of blood disorders, and rising private investments in health and wellness fields. Increasing government initiatives for the accessibility of effective drugs in several countries also energize market demand.

Opportunities:

The government’s emphasis on technological advancements and digitalization in investigation laboratories are some features projected to last to open up profitable business opportunities for leading players and new participants in the market. Progressions in cloud software help medical practitioners make findings concerning data assembly of diverse blood samples. Additionally, contact-free and remote laboratory testing is developing as a new standard in epidemiology or clinical research, particularly during the COVID-19 pandemic.

Regional Analysis:

Regionally, the most significant self-sampling blood collection and storage devices market share is 32.4%, accounted for by North America in 2022. Revenue progress in the North American market is mainly attributed to the continuing technological progressions in the healthcare industry, vast government investments in research activities for emerging drugs for rare diseases, and solid medical repayment policies concerning self-sampling blood collection and storage devices. In Europe, the self-sampling blood collection and storage devices market is anticipated to record strong growth in revenue in 2023-2032, owing to growing awareness of clinic visits and regular testing for healthy lifestyles. Asia Pacific’s self-sampling blood collection and storage devices market is estimated to record the fastest development in CAGR in 2023-2032.

Quick urbanization, the growing occurrence of chronic diseases, mainly in emerging countries including China, India, Indonesia, and Malaysia, and growing government investments in the healthcare infrastructure are the main factors leading the APAC market development.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The key players accept vital strategies, including geographical expansion, product development, mergers and acquisitions, and many other methods to increase the demand for coin batteries.

Market Key Players:

• Neoteryx, LLC
• Spot On Sciences
• PanoHealth
• DBS System SA
• Tasso, Inc.
• LAMEDITECH
• Seventh Sense Biosystems
• Capitainer
• Trajan Scientific and Medical
• Weavr Health
• Drawbridge Health
• Other Key Players

Key Development

In 2021, the UW Department of Laboratory Medicine & Pathology stated that the Tasso-SST blood sampling kit could progress the worth of telemedicine by effectively collecting blood samples for assessing antibodies against the SARS-CoV-2, which is accountable for COVID-19.

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For the Self-Sampling Blood Collection and Storage Devices Market research study, the following years have been considered to estimate the market size:

Particular	Scope
Region	North America Europe Asia Pacific Latin America Middle East and Africa
Historic Year	2016 to 2020
Estimated Year	2022
Forecast Year	2023 to 2032