Serum Separation Gel Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Serum separation gel refers to a specialized gel-like substance used to separate serum from whole blood samples, facilitating subsequent analysis in clinical and research settings. It is employed in blood collection tubes to create a physical barrier between serum and blood cells, aiding in the isolation of serum during centrifugation.

Sizing and Forecast

The serum separation gel market size has grown strongly in recent years. It will grow from $8.22 billion in 2023 to $8.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to the surge in the current healthcare expenditure, increased demand for diagnostic testing, growth of the healthcare industry, expansion of research and development activities, and rise in prevalence of chronic diseases.

The serum separation gel market size is expected to see strong growth in the next few years. It will grow to $12.58 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to the increasing incidence of hematologic disorders, emphasis on point-of-care testing, increased number of contract research organizations, expansion in emerging markets, and demand for personalized medicine. Major trends in the forecast period include personalized medicine applications, development of novel gel formulations, increased focus on eco-friendly and sustainable practices, integration with digital health technologies, and growth in research for infectious disease diagnostics.

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Segmentation & Regional Insights

The serum separation gel market covered in this report is segmented –

1) By Type: Serum Separation Gel Integrated With Tube, Serum Separation Gel Without Tube
2) By Formulation: Powder Gel, Liquid Gel
3) By End User: Hospitals And clinics, Pharmaceutical And Biotechnology Companies, Diagnostic Laboratories, Blood Banks

North America was the largest region in the serum separation gel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the serum separation gel 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 rising demand for diagnostic testing is expected to propel the growth of the serum separation gel market going forward. Diagnostic testing refers to the process of identifying diseases or conditions in individuals through the analysis of biological samples, such as blood or tissue, to determine the presence or absence of specific markers or abnormalities. The demand for diagnostic testing is rising because it helps in detecting diseases at early stages when treatment is most effective, as well as in preventive healthcare measures to assess risk factors and guide interventions. The serum separation gel is utilized in diagnostic testing to separate serum from blood cells, enabling accurate analysis of biochemical markers and the detection of various diseases. For instance, in March 2024, according to the House of Commons, a UK-based government office, there was a 13% increase in diagnostic tests in January 2024, compared to January 2020. Therefore, the rising demand for diagnostic testing is driving the growth of the serum separation gel market.

Key Industry Players

Major companies operating in the serum separation gel market report are Cardinal Health Inc.; Thermo Fisher Scientific Inc.; Danaher Corporation; Becton Dickinson and Company; Corning Incorporated; Bio-Rad Laboratories Inc.; Qiagen NV; Bio-Techne Corporation; Greiner Bio-One International GmbH; Sarstedt AG & Co. KG; Sekisui Diagnostics LLC; InterVac Technology Corporation; BioVision Inc.; Deltalab S.L.; Narang Medical Limited; Biosigma S.p.A.; BIOSIGMA S.r.l.; Helena Biosciences; FL Medical Srl; Kabe Labortechnik GmbH

The serum separation gel market report table of contents includes:

1. Executive Summary

2. Serum Separation Gel Market Characteristics

3. Serum Separation Gel Market Trends And Strategies

4. Serum Separation Gel Market – Macro Economic Scenario

5. Global Serum Separation Gel Market Size and Growth

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32. Global Serum Separation Gel Market Competitive Benchmarking

33. Global Serum Separation Gel Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Serum Separation Gel Market

35. Serum Separation Gel Market Future Outlook and Potential Analysis

36. Appendix