Global Vacuum Blood Collection Tubes Market Insights
The global vacuum tube for blood
collection market is estimated to grow at a significant CAGR of 7.72% during
the forecast period. The market is driven by factors such as rising healthcare
expenditure, increase in public and private investment in healthcare and
development in healthcare infrastructure. The market is estimated to generate
revenue of USD 4,084.88 million by 2026.
Vacuum blood collection tubes are used
extensively in daily testing at hospitals and medical research institutions.
There has been a steady increase in demand for safe and reliable equipment and
antiseptic techniques for blood collection. The number of blood tests conducted
for diagnosis of diseases such as diabetes, HIV, anemia, and cardiovascular
diseases are on the rise in developing countries as well. These factors are
further expected to fuel growth in the vacuum blood collection tubes market.
However, lack of know-how and risks associated with blood transfusion are some
factors likely to have a negative impact on market growth.
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Global Vacuum Blood Collection Tubes Market: By Type
The market can be classified into gel
& clot activator tubes, heparin tubes, EDTA tubes and serum tubes based in
type. The serum tubes segment is projected to hold the largest market share in
terms of revenue owing to rising demand for serum testing in hematology. Serum
tubes being anticoagulant are suitable for multiple blood tests as well. The
gel & clot activator tubes segment is projected to grow at the highest CAGR
during the forecast period. This growth can be attributed to rising
applications of the tube in immunology, biochemistry and hematology. Gel &
clot activator tubes are also estimated to hold the second largest market share
in terms of revenue followed by EDTA tubes and heparin tubes.
Global Vacuum Blood Collection Tubes Market: By End User
Vacuum tubes for blood collection find
applications in hospital & clinics and research institutions among others.
In hospitals & clinics, vacuum tubes are extensively used for blood testing
for patients that require constant monitoring of blood glucose and platelet
count among other parameters. The hospitals & clinics segment is therefore
estimated to hold the largest market share in terms of revenue throughout the
forecast period. The research institutions segment is also expected to register
significant CAGR owing to growing investment in medical research across the
world.
Global Vacuum Blood Collection Tubes Market: Regional Insights
North America is expected to dominate
the market for vacuum tubes for blood collection owing to availability of
advanced healthcare infrastructure along with research funding. Europe is
anticipated to hold the second largest market share in terms of revenue. The
Asia Pacific region is projected to grow at the highest CAGR owing to huge
scope for market expansion, investment in healthcare and steady development in
quality of healthcare infrastructure.
Global Vacuum Blood Collection Tubes Market: Vendor Landscape
The report contains a chapter
dedicated to vendors operating in the market, covering raw material
manufactures, equipment developers, manufacturers, and distributors. The report
provides these insights on a regional level. This section of the report entails
contact details, experience, products manufactured/supplied, and geographical
presence of companies.
Global Vacuum Blood Collection Tubes Market: Share & Competitor
Analysis
Some of the key players operating in
the Vacuum Blood Collection Tubes market are Beckton Dickinson, Sunphoria Co,
Narang Medical Ltd., CML Biotech, Bio-X, Thermo Fischer Scientific, Guangzhou
Improve Medical Instruments Co Ltd, AB Medical, Sekisui Chemical Co., Ltd, and
HEBEI Xinle Sci & Tech Co., Ltd among others.
In May 2018, Greiner Bio-One
International, a medical technology company, added VACUETTE SAFETY Winged Set
to its product line of safe blood collection tubes
In October 2018, Thermo Fisher
Scientific successfully completed acquisition of Advanced Bioprocessing, one of
the subsidiaries of BD (Beckton, Dickinson and Company) for USD 447 million.
In March 2017, AB Medical moved to a
new and advanced production centre, which has resulted in increased production
capacity to 10 million tubes per month.
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