South Korea Blood Collection Market Size & Outlook
South Korea blood collection market, 2018-2030 (US$M)
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South Korea blood collection market highlights
- The South Korea blood collection market generated a revenue of USD 204.2 million in 2022 and is expected to reach USD 413.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.2% 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 204.2 million |
| Market revenue in 2030 | USD 413.4 million |
| Growth rate | 9.2% (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, South Korea accounted for 1.9% 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 |
|---|
South Korea 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 83.84% in 2022. Horizon Databook has segmented the South Korea blood collection market based on venous, capillary covering the revenue growth of each sub-segment from 2018 to 2030.
In April 2020, the government of South Korea released guidelines for blood collection for plasma therapy used to treat COVID-19 patients. The Korea Centers for Disease Control and Prevention advised healthcare professionals to collect plasma from a COVID-19 patient after 14 days of being declared as recovered.
The guidelines also suggest that the patient should be retested during the process of plasma collection. Only individuals aged 17 to 69 are allowed to donate their plasma. In addition, the plasma collection process will be conducted at the same hospital where the patient had been hospitalized for the treatment of COVID-19.
Thus, an increase in government initiatives is expected to boost plasma donations, enhancing the adoption of blood collection products. Several initiatives undertaken by various private and public organizations to increase blood donations during the pandemic are expected to fuel market growth.
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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 South Korea blood collection market, including forecasts for subscribers. This country databook contains high-level insights into South Korea blood collection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea blood collection market size, by collection site, 2018-2030 (US$M)
South Korea Blood Collection Market Share, 2022 & 2030 (US$M)
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