Latin America Blood Collection Market Size & Outlook
Latin America blood collection market, 2018-2030 (US$M)
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Latin America blood collection market highlights
- The Latin America blood collection market generated a revenue of USD 649.6 million in 2022.
- The market is expected to grow at a CAGR of 9.4% from 2023 to 2030.
- In terms of segment, venous was the largest revenue generating collection site in 2022.
- Capillary is the most lucrative collection site segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 649.6 million |
| Market revenue in 2030 | USD 1,330.4 million |
| Growth rate | 9.4% (CAGR from 2022 to 2030) |
| Largest segment | Venous |
| Fastest growing segment | Capillary |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Venous, Capillary |
| Key market players worldwide | Abbott Laboratories, Nipro Corp, BD, Terumo Corp, Medtronic PLC, Qiagen NV, Haemonetics Corp, FL Medical, Greiner Bio-One |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global blood collection market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,103.0 million by 2030.
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Blood Collection Market Scope
Blood Collection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America blood collection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blood collection market will help companies and investors design strategic landscapes.
Venous was the largest segment with a revenue share of 83.68% in 2022. Horizon Databook has segmented the Latin America blood collection market based on venous, capillary covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil and Mexico dominate Latin America’s blood collection market. The demand for capillary blood collection devices in Latin America is expected to grow at a lucrative CAGR during the forecast period, owing to the presence of emerging economies.
According to Population Reference Bureau, major Noncommunicable Diseases (NCD) are expected to contribute to approximately 81% of deaths in 2017, which include cardiovascular diseases, cancer, and chronic respiratory diseases. Obesity and smoking are the key factors contributing to the increasing prevalence of these diseases in this region.
Premature deaths due to NCDs, particularly among men, is high. As a consequence, a huge number of surgical procedures are being performed that make use of capillary blood collection devices & devices, thereby fueling market growth. Various Latin American countries that provide an array of surgical procedures are popular medical tourism destinations.
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Our clientele includes a mix of blood collection market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America blood collection market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America blood collection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America blood collection market size, by country, 2018-2030 (US$M)
Latin America Blood Collection Market Share, 2022 & 2030 (US$M)
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