Growing geriatric population, increase in blood donor globally and rising prevalence of various chronic diseases are factors driving the blood collection tubes market. Increasing demand of serum separation tubes & rapid serum tubes in clinics & laboratories to reduce time & increase efficiency is projected to drive the blood collection tube market. Also, rising cell therapies & complex surgeries leading to need of blood transfusion is another factor fueling blood collection tubes market.
As per the Latest Report added By Value Market Research The Global Blood Collection Tubes Market was valued USD 1,042.5 MN (by revenue) in 2017 and is anticipated to reach USD 1,968.7 MN by 2024 with a CAGR of 9.5%.
SERUM SEPARATING TUBES LED THE TUBE TYPE SEGMENT
Serum separating tubes are anticipated to reach at USD XX.X MN by the end of 2024. Growing R&D in the healthcare sector, rising prevalence of chronic diseases, growth in geriatric population along with the adaptation of serum separation tube across healthcare facility has driven the segment growth.
ASIA-PACIFIC LED THE REGIONAL SEGMENT
Asia-Pacific is presumed to reach at USD XX.X MN by the end of 2024. Asia Pacific has dominated the segment owing to the growing geriatric population; increased expenditure on healthcare has driven the regional market growth. Also, governmental initiatives & investment in healthcare & life science is likely to boost the demand for blood collection tube in end-use industries.
KEY VENDORS OF THE BLOOD COLLECTION TUBE MARKET
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 are the major players of the blood collection tube market.
As per this study, the Global Blood collection Tubes Market was valued USD 2.21 MN (by revenue) in 2021 and is anticipated to reach USD 4.33 MN by 2028 with a CAGR of 10.1%. By volume, the market was estimated at XX MN Units in 2021 and is expected to reach XX MN Units by 2028 with a CAGR of XX%.
A blood collection tube, also known as Vacutainer, is a made up of either sterile glass or plastic tube with a closure that creates the vacuum inside the tube. This ensures the tube to facilitate the draw of a predetermined volume of liquid. They are widely used for the collection of blood samples in venipuncture. However, they are also employed as the urine collection tubes and serum separation tubes.
Thus these, blood collecting tubes, are safely engineered in order to preserve blood samples with the coats, along with the safety closures that maintain the vacuum in the tubes. These blood collection tubes can be differentiated on the basis of cap color. Each and every color represents the presence of the specific additive in the tube.
Market Dynamics
Strong demand for serum separation tubes and rapid serum tubes is primarily expected to drive the demand for blood collection tubes market. The key factors influencing the growth of blood collection increase in aging population coupled with widespread of diseases. The increasing government initiatives and a rise in the number of surgical procedures are also helping to fuel the market growth. The developing cell therapies are a major opportunity for the players in this market. Risks of acquiring infections due to unhygienic blood transfusion process are expected to be one of the significant threat for the growth of blood collection tubes market over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of blood collection tubes.
Market Segmentation
The broad blood collection tubes market has been sub-grouped into tube type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Tube Type
- Plasma Separation Tube
- Heparin Tubes
- Serum Separating Tubes
- EDTA Tubes
- Rapid Serum Tubes
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for blood collection tubes in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Blood Collection Tubes Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the blood collection tubes market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.