Blood Collection Monitor Market Size

Blood Collection Monitor Market size was valued at USD 134.2 million in 2023 and is set to exceed USD 300.6 million by 2036, registering over 6.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of blood collection monitor is estimated at USD 141.07 million. The growth of the market can be attributed to the increasing prevalence of blood disorders, which in turn is evaluated to raise the demand for blood transfusion therapies. In 2019, about 200,000 people in the world were diagnosed with hemophilia and about 81,000 with von Willebrand disease, both of which are common types of bleeding disorders. Along with these, growing number of critical life-saving surgical procedures performed globally, especially among geriatric population who are more prone to various diseases, is also expected to drive market growth in the forthcoming years. Furthermore, escalating technological advancements in the healthcare sector, particularly in developed and developing nations, for blood collection procedures and products is projected to offer profitable opportunities to the blood collection monitor market in the near future.