Blood Collection Tubes Market size is estimated to reach $2.81bn by 2025, growing at a CAGR of 7.1% during the forecast period 2020-2025. Blood plays an important role in the diagnosis and treatment of many diseases. The blood processing includes the collection, storing and managing the blood after collected from the donor. The blood collection tubes which are also known as vacutainers are made of either plastic or glass, these tubes are sterilized and have a safety-engineered stopper with different labeling options with the volume on it and color of the caps indicates the additives in the tube. The increase in usage of blood samples in the diagnosis and requirement of blood components in the treatment of many diseases is driving the market for blood collection tubes during the forecast period 2020-2025.
By Tube Type - Segment Analysis
The global Blood Collection Tubes Market based on tube type has Plasma Separation Tube, Heparin Tubes, Serum Separating Tubes, EDTA Tubes, Rapid Serum Tubes and Others. The Serum Separating Tubes segment registers for the highest market share in 2019 and is set to continue for the forecast period 2020-2025, owing to the increased serum sample collection, which is used for the different types of diagnosis. EDTA segment is also set to have growth owing to the increased collection of different type of blood components, which are used in the labs and other treatment process and are also used in blood bank which are high in quantity. In the present day pandemic situation owing to covid19 the rapid serum tube segment is growing dramatically as they help in rapid analysis of blood serum of patient diagnosis.
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By End-Users - Segment Analysis
The End-users segment of Blood Collection Tubes Market has Hospitals and Clinics, Research centers, Diagnostic centers and others. The Hospitals and Clinics segment registers for the highest market share in 2019 and is set to continue for the forecast period 2020-2025, owing to the increased diagnosis and treatments. An increase in the aging population and an increase in diseases are driving the usage of blood collection tubes in the diagnostic centers to check the type of disease. The blood collection tubes used for the testing and studying of the different components in the research centers are also set to have a growth during the forecast period 2020-2025. Increased health-care facilities, rise in technology advancement, and increased funding by the government and private sector is driving the market for blood collection tubes in different segments of end-users.
By Geography - Segment Analysis
Based on Geography the global Blood Collection Tubes Market is segmented in to North America, Europe, Asia-Pacific and the Rest of World. North America had a dominant share in terms of revenue in 2019 and it holds the largest market share during the forecast period 2020-2025, owing to the increased awareness of blood collection. Asia-Pacific is also set to have the largest share owing to the increased government support and advancement in blood collection technology. The increase in the aging population, rise in health care infrastructure, and blood transfusion for the different hematological diseases is driving the growth of the blood collection tubes market during the forecast period 2020-2025.
Drivers – Blood Collection Tubes Market
Growth in demand of blood collection
The increase in blood collections for different types of treatments and diagnosis, rise in diseases in the aging population and increase in the number of surgical treatments are driving the market growth during the forecast period 2020-2025.
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Challenges – Blood Collection Tubes Market
High cost of blood storage
The cost involved in the storage of the blood samples collected in tubes is challenging the market. Lack of skilled labor is also a factor causing restrain to market. Risks of infection owing to the improper collection of blood or impurities in the tube are causing a threat to the market during the forecast period 2020-2025.
Blood Collection Tubes Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Blood Collection Tubes Market. Key companies of this market are Terumo Corporation, Becton Dickinson & Company, QIAGEN N.V, Greiner Group AG, Sarstedt AG & Co, AdvaCare Pharmaceuticals, Guangzhou Improve Medical Instruments Co. Ltd., FL Medical srl, Haemonetics Corporation, Beckman Coulter, Inc and others.
Acquisitions/Product Launches:
In June 2020, Becton, Dickinson and company have announced the BD Vacutanier UltraTouch Push Button Blood Collection set (BCS) with preattached holder, this product ensures one handed safety by push button and allows clinicians to actvate safety mechanism wile attending patients venipuncture site.
In March 2020, FL Medical srl has launched VACUMED® Tech, a new Safety system blood collection sets with pre-attached holder with tube length 178mm, and sterile 21G x 3/4 green.
Key Takeaways
Geographically, North America’s Blood Collection Tubes Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high usage of blood in various hematological diseases.
The increase surgeries and rising prevalence of diseases and accidents and need of blood for treatment are driving the market of the blood collection tubes.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Blood Collection Tubes Market report.
The blood collection tubes market is boosting owning to the increased blood collection for the treatment and requirement of blood components which increased the adaption of blood collecting devices during the forecast period 2020-2025.
Related Reports :
A. Capillary Blood Collection Devices Market
https://www.industryarc.com/Research/Capillary-Blood-Collection-Devices-Market-Research-503845
B. Sample Collection Devices Market
https://www.industryarc.com/Research/Sample-Collection-Devices-Market-Research-507110
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