Research and Technological Innovations to Bolster Developments in Blood Collection Market

The global blood collection market is expected to reach 6.5 billion USD by 2025 from 4.9 billion USD in 2020 at a growth rate of 6% between 2020 and 2025. The blood collection market growth is driven by the rise in the incidence of trauma and accidents and an increase in surgical procedures carried out across the world. Moreover, rising awareness and government initiatives about blood donation are expected to boost blood collection products' demand.

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