Singapore Blood Collection Market Size & Outlook, 2022-2030
Singapore blood collection market, 2018-2030 (US$M)
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Singapore blood collection market highlights
- The Singapore blood collection market generated a revenue of USD 75.8 million in 2022 and is expected to reach USD 126.6 million by 2030.
- The Singapore market is expected to grow at a CAGR of 6.6% 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.
Blood collection market data book summary
| Market revenue in 2022 | USD 75.8 million |
| Market revenue in 2030 | USD 126.6 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Venous |
| Fastest growing segment | Capillary |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Singapore accounted for 0.7% of the global blood collection market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China blood collection market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,536.0 million by 2030.
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Blood Collection Market Scope
Blood Collection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore 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 84.3% in 2022. Horizon Databook has segmented the Singapore blood collection market based on venous, capillary covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in prevalence of NCDs is a major factor anticipated to propel market growth in the near future. A report published by the Health Science Authorities in 2019, stated that the organization collected around 116,789 whole blood donations.
The report mentions 25,843, 13,614, 26,572, 19,856, and 30,904 donations were recorded by Health Sciences Authority, Dhoby Xchange, Westgate Tower, Woodlands Civic Center, and Bloodmobiles, respectively. The report also estimated that the country may require 14 units of blood per hour, 325 units of blood per day, and 118,750 units of blood throughout 2020.
The annual estimate of the country’s blood usage is as follows: 54% of the donated blood is used for various surgeries, 31% is used for general medicines, 9% is used for blood diseases, and about 6% is used for accident and emergency cases. Increase in blood donation campaigns organized in the country is anticipated to fuel market growth during the forecast period.
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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 country-level data and insights on the Singapore blood collection market, including forecasts for subscribers. This country databook contains high-level insights into Singapore blood collection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore blood collection market size, by collection site, 2018-2030 (US$M)
Singapore Blood Collection Market Share, 2022 & 2030 (US$M)
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