Overview and Scope
Blood collection tubes refer to sterile glass or plastic test tubes with colored rubber or plastic cap. It is a specialized tube used for the collection and transport of blood specimens for laboratory analysis.
Sizing and Forecast
The blood collection tubes market size has grown strongly in recent years. It will grow from $6.21 billion in 2023 to $6.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increased prevalence of chronic diseases, growing aging population, rise in blood donation and screening programs, global blood transfusion needs.
The blood collection tubes market size is expected to see strong growth in the next few years. It will grow to $8.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing demand for point-of-care testing (poct), expanding applications in personalized medicine, rapid growth in biotechnology and life sciences, emergence of non-invasive diagnostics, global health crisis preparedness. Major trends in the forecast period include technological innovations in tube design, advancements in healthcare technology, integration of safety features, customization for specific tests, preanalytical automation.
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Segmentation & Regional Insights
The blood collection tubes market covered in this report is segmented –
1) By Product Type: Plasma Seperating Tube, Serum Seperating Tube, Heparin Tubes, EDTA Tubes, Rapid Serum Tubes, Other Product Types
2) By Material: Glass, Plastic
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
North America was the largest region in the blood collection tube market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global blood collection tube market report during the forecast period. The regions covered in the blood collection tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in the prevalence of chronic diseases is driving the growth of the blood collection tube market going forward. Chronic diseases are long-term medical conditions that usually progress slowly. Some common examples of chronic diseases including diabetes, cancer, and tuberculosis are tested through blood collection and sampling. Due to poor lifestyle and exposer to risk behaviors such as use of tobacco and being around smoke, poor nutrition, including meals heavy in salt and saturated fats and deficient in fruits and vegetables inactivity in the body, there is constant increase in incidences of infectious diseases and their diagnostics activities is expected to boost the utilization of blood collection devices. For instance, according to the world health organization (WHO), in 2021, an estimated of 10.6 million people are infected with tuberculosis globally, and 1.6 million died. Further, 1.5 million people acquired HIV in 2021 while 650,000 people lost their lives due to it. Therefore, the increase in the prevalence of chronic diseases is expected to boost demand for blood collection tubes during the forecast period.
Key Industry Players
Major companies operating in the blood collection tubes market report are Becton Dickinson and Company, Greiner AG, Qiagen NV, Sarstedt AG & Co. KG, Terumo Corporation, FL Medical SRL, AdvaCare Pharma, Cardinal Health Inc., Haematonics, Narang Medical Limited, Chengdu Rich Science Industry Co. Ltd., DWK Life Sciences, Fresenius Kabi AG, Grifols S.A., Hindustan Syringes & Medical Devices Ltd., Sekisui Chemical Co. Ltd., InterVacTechnology Inc., Advin Health Care, MB Plastic Industries, Biota, Nipro Medical Corporation, Bioscientifica Ltd., CML Biotech Pvt. Ltd., CDRICH Corporation, Biosigma Srl, VWR International LLC, Abbott Laboratories Inc., Danaher Corporation, Medline Industries Inc., Owens & Minor Inc.
The blood collection tubes market report table of contents includes:
1. Executive Summary
2. Blood Collection Tubes Market Characteristics
3. Blood Collection Tubes Market Trends And Strategies
4. Blood Collection Tubes Market – Macro Economic Scenario
5. Global Blood Collection Tubes Market Size and Growth
…..
31. Global Blood Collection Tubes Market Competitive Benchmarking
32. Global Blood Collection Tubes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Blood Collection Tubes Market
34. Blood Collection Tubes Market Future Outlook and Potential Analysis
35. Appendix
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