At-Home Blood Collection Devices Market

The report "At-Home Blood Collection Devices Market by Product (Lancets, DBS Kits), Sample Type (Liquid, Dried), Collection Method (Push-button, Laser), Device Type (Self, Professional), Application (Diagnostics, Screening, Clinical Trials) - Global Forecast to 2029", is valued at an estimated USD 93.5 million in 2024 and is projected to reach USD 135.0 million by 2029 at a CAGR of 7.6% during the forecast period.

Browse 303 market data Tables and 49 Figures spread through 286 Pages and in-depth TOC on "At-Home Blood Collection Devices Market by Product (Lancets, DBS Kits), Sample Type (Liquid, Dried), Collection Method (Push-button, Laser), Device Type (Self, Professional), Application (Diagnostics, Screening, Clinical Trials) - Global Forecast to 2029"
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Several factors govern the growth of the at-home blood collection devices market. The rise in the need for convenient and easy access to health care, because of shifting trends toward personalized medicine and preventive medicine, acts as a major driver. Advances in technology, including microarray-based technologies and bladeless technology, increase user convenience and precision, which further drive the market. Furthermore, regulatory approvals, focus on patient-centric care, and the increasing incidence of chronic conditions such as diabetes that need frequent monitoring are factors driving market growth. Also, the growing telemedicine and digital health platforms have made seamless integration of at-home based collection with virtual consults possible, thereby improving the overall patient experience and adding to the market expansion.

In 2023, the lancets segment held the largest share of the at-home blood collection devices market by product segment.

The segmentation of the market based on products includes lancets, dried blood spot collection kits, fingerstick blood collection kits, and other products. The lancets segment accounted for the largest share in the at-home blood collection devices market in 2023. Lancets are cost-effective; therefore, this provides an affordable way of monitoring diseases such as diabetes on a regular basis. Being affordable makes them a more preferred option by customers, thus contributing to their dominance in the market. Moreover, the simplicity of their use and easy availability of lancets add to their popularity.

The liquid blood samples segment held the largest share of the at-home blood collection devices market by sample type segment in 2023.

The segmentation based on sample types includes liquid and dried blood samples. Liquid blood samples are used mostly for diagnostics and health screening. This is attributed to the fact that they have a reliable method of measuring different health markers. Therefore, technological advancements that enhance the accuracy of tests performed on these samples have increased their attractiveness to consumers.

North America is the largest regional market for at-home blood collection devices market.

The market for at-home blood collection devices has been divided into six key geographical regions, namely North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries. North America holds the largest share of the at-home blood collection devices market, owing to a well-established and infrastructurally sound healthcare systems and a large customer base for advanced medical technologies. Accordingly, this region also offers preventative health and personalized solutions allowing for better monitoring of a person's health.

This is further supported by the presence of leading manufacturers and a robust regulatory framework that makes sure the devices are safe and efficient. Furthermore, this region dominated the market due to the high spend on research and development in the healthcare sector, which facilitates easy traces of rapid developments in at-home blood collection devices.

The major players operating in this market are Trajan Group Holdings Limited (Australia), Tasso, Inc. (US), YourBio Health, Inc. (US), A. Menarini Diagnostics s.r.l (Italy), R-Biopharm AG (Germany), Sussex Pathology Limited (UK), ImmunoServ (UK), Labonovum (Netherlands), Alpha Laboratories (UK), Lipomic Healthcare (India), Tri-Tech Forensics (US), RDA Spot Inc (Lithuania), Spot On Sciences (US), Capitainer (Sweden), PanoHealth (US), Lameditech (South Korea), Sara Healthcare (India), Owen Mumford Ltd (UK), RedDrop Dx, Inc. (US), AdvaCare Pharma (US), Naulakha Industries (India), Phoenix Healthcare Solutions, LLC (US), and Drawbridge Health, Inc. (US).

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