USD 5.7 billion
Report ID:
SQMIG35B2149 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
66
|Figures:
75
Blood Collection Tubes Market size was valued at USD 6.49 Billion in 2023 and is poised to grow from USD 6.91 Billion in 2024 to USD 11.47 Billion by 2032, growing at a CAGR of 6.53% during the forecast period (2025-2032).
Rapidly increasing demand for diagnostic testing around the world in the wake of growing prevalence of chronic and infectious diseases is slated to primarily drive sales of blood collection tubes. Growing number of routine and specialized blood tests being performed around the world are also expected to create new opportunities for blood collection tube providers going forward. Increasing use of blood tests for early detection of diseases and advancements in blood collection technologies are also expected to favor blood collection tubes market growth in the future. Use of recyclable and sustainable materials to manufacture blood collection tubes is projected to emerge as a highly popular trend among blood collection tube companies in the long run. However, high costs of advanced tubes, concerns regarding waste caused by plastic tubes, availability of alternative diagnostic techniques, and risk of infection are some key constraints that are slated to limit the sales of blood collection tubes over the coming years.
US Blood Collection Tubes Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.7 billion
Largest Segment
Healthcare Centers
Fastest Growth
Healthcare Centers
Growth Rate
6.50% CAGR
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Global Blood Collection Tubes Market is segmented by Product, Material, End User, and Region. Based on Product, the market is segmented into Serum Separating Tube, Plasma Separation Tube, Rapid Serum Tubes, Heparin Tubes, EDTA Tubes, Others. Based on Material, the market is segmented into Glass, Plastics. Based on End User, the market is segmented into Diagnostic Centers, Healthcare Centers, Research and Development Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
EDTA tubes are estimated to account for a dominant blood collection tubes market share going forward. EDTA (Ethylenediamine tetraacetic acid) tubes prevent clotting of blood, which is essential in multiple surgical and diagnostic procedures, thereby establishing its dominant stance. Increasing number of blood transfusions and growing adoption of ablation therapy are also expected to boost the sales of EDTA tubes in the future. High samples stability, preservation of DNA, reduced risk of blood spills, and reduced blood wastage are other benefits of EDTA blood collection tubes that are estimated to offer new revenue generation opportunities for market players through 2031.
On the other hand, the demand for serum separating tubes is expected to increase at a notable pace over the coming years. High emphasis on reduction of aerosolization and hemolysis are projected to bolster the adoption of serum separating tubes going forward. Higher accuracy of blood test results from samples stored in serum separating tubes and better potential for storage are also key benefits that are helping this segment generate new opportunities for blood collection tube companies. Surging demand for specialized blood collection tubes for novel healthcare applications and technologies is also slated to benefit blood collection tubes market outlook via this segment.
Analysis by End User
Healthcare centers are estimated to account for a prominent chunk of the global blood collection tubes market share. Increasing rate of hospitalization, growing need for blood samples for healthcare practices, and growing number of blood transfusion procedures are contributing to the dominance of this segment going forward. Use of blood samples to monitor patient’s health and keep accurate track of progress in healthcare centers is also expected to further bolster the demand for blood collection tubes going forward. Rising investments in healthcare infrastructure development are also expected to indirectly favor the adoption of blood collection tubes in healthcare centers in the future.
Meanwhile, the demand for blood collection tubes in diagnostic centers is forecasted to rise at an impressive CAGR in the long run. Increasing establishment of new diagnostic centers and growing emphasis on early diagnosis are creating an opportune setting for blood collection tube companies going forward. High emphasis on preventive healthcare and the growing number of people opting for routine blood tests are also estimated to favor the sales of blood collection tubes in diagnostic centers through 2031 and beyond.
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North America is projected to account for a dominant share of the global blood collection tubes market. The presence of a developed healthcare infrastructure, growing number of surgeries, and high adoption of advanced diagnostic procedures are helping this region maintain its top spot. High investments in medical R&D and growing demand for blood collection tubes in research centers and laboratories are also contributing to the high share of North America in the global landscape. The United States and Canada are forecasted to be the most opportune markets for blood collection tube providers operating in this region.
Asia-Pacific is expected to emerge as the fastest-growing market for blood collection tube companies around the world. High investments in healthcare infrastructure development, growing healthcare spending, and presence of a massive senescent population are expected to boost sales of blood collection tubes in the long run. Surging awareness regarding early diagnosis and preventative healthcare are also expected to create new opportunities for blood collection tube companies in this region. India, China, and Japan are expected to spearhead the demand for blood collection tubes in the Asia Pacific region across the study period and beyond.
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Blood Collection Tubes Market Driver
Growing Diagnostic Testing
High Emphasis on Preventive Healthcare
Blood Collection Tubes Market Restraints
High Costs of Advanced Tubes
Concerns Regarding Adverse Impact on Environment Due to Plastic Waste
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The use of sustainable and recyclable materials to manufacture blood collection tubes is expected to emerge as a key trend for all companies in this market. The launch of new specialized tubes for different applications is also expected to help companies stay competitive in the future. Ensuring compliance with regulations issued by governments and regulatory bodies will also be essential for blood collection tube companies looking to expand their business scope going forward.
Blood Collection Tubes Market Top Players Company Profiles
Blood Collection Tubes Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing demand for diagnostic testing and rising focus on preventive healthcare are estimated to be key factors promoting the demand for blood collection tubes going forward. On the contrary, high costs of advanced tubes and concerns regarding plastic waste are expected to hurt the sales of blood collection tubes in the future. North America is predicted to spearhead the global demand for blood collection tubes owing to high healthcare research activity and rising surgical procedure volumes in countries such as Canada and the United States. Development of specialized blood collection tubes for specific applications is projected to be a prominent blood collection tubes market trend in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.49 Billion |
Market size value in 2032 | USD 11.47 Billion |
Growth Rate | 6.53% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Blood Collection Tubes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Blood Collection Tubes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Blood Collection Tubes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Blood Collection Tubes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35B2149
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