Global Blood Collection Tubes Market To Surpass CAGR Of 9.5% During 2019-2025
Posted On April 18, 2019
Global Blood Collection Tubes Market is projected to become a USD 2.15 BN industry by the end of year 2025. It is anticipated to foresee a CAGR of 9.5% between 2019 and 2025 as per the new report by Value Market Research. The report valued the market in 2018 as USD 1.14 BN (by revenue) in 2018. The blood collection tubes market report covers statistics such as market size, market forecast, regional market share, thus giving elaborate evaluation on the futuristic growth path.
Blood collection tubes are considered as very useful diagnostic tools in the practice of laboratory testing. These tubes are made up of plastic and glass, though plastic ones are highly preferred as they are lightweight and reduce breakage hazard. Blood collection tubes contain clot activators coated with a water-soluble polymer or anticoagulant substances. They can be classified as serum separating tube, plasma separating tube, heparin tubes and EDTA tubes. Blood collection tubes offer accuracy and precision, ease-of-use, safety, and speed of the diagnostic process.
The report "Global Blood Collection Tubes Market Report By Tube Type (Plasma Separation Tube, Heparin Tubes, Serum Separating Tubes, EDTA Tubes, Rapid Serum Tubes, and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" provide significant trends and factors driving or inhibiting the market growth. This report also unveils the quantitative analysis for the forecast period to enable the stakeholders to capitalize on the prevailing market opportunities.
The growing need for accuracy and precision in the medical test along with the rising prevalence of various chronic diseases are the prime drivers for the market. A growing number of surgeries coupled with the increasing demand for blood and blood components for various medical treatment is further fueling market growth. High preference for plastic tubes as they are inexpensive, safer, and suitable for routine chemistry analysis is also expected to boost the industry expansion. Further, the growing demand for blood transfusion for the treatment of various hematologic diseases such as leukemia, anemia and sickle cell diseases is also expected to favor the blood collection tubes market growth.
Market segmentation cover tube type and region. Type include plasma separation tube, heparin tubes, serum separating tubes, EDTA tubes, rapid serum tubes, and others. Out of which, serum separating tubes are gaining hype in the market since they have high demand across healthcare sectors owing to the rising prevalence of various chronic disease and increasing demand for blood component for the treatment. Regional assessment has been done on the basis of North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. At present Asia-pacific is dominating the global blood collection tubes owing to the growing geriatric population base, the rising prevalence of chronic disorders along with the growing number of surgeries is driving the regional market growth. Also, increasing expenditure on hospital coupled with the rising number of blood banks and pathology lab is further expected to support the market growth in the region.
The Report Segments Global Blood Collection Tubes Market -
By Tube Type
- Plasma Separation Tube
- Heparin Tubes
- Serum Separating Tubes
- EDTA Tubes
- Rapid Serum Tubes
- North America
- Latin America
- Middle East and Africa
Players Profiled In The Report:
Becton, Dickinson & Company, Fl Medical S.R.L., Greiner Bio One International Gmbh, Guangzhou Improve Medical Instruments Co. Ltd., Hunan Liuyang Medical Instrument Company, Qiagen N.V, Sarstedt Ag & Co, and Terumo Medical Corporation.
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