USD 5.7 billion
Blood Collection Tubes Market Size, Share, Growth Analysis, By Product(Serum Separating Tube, Plasma Separation Tube, Rapid Serum Tubes, Heparin Tubes), By Material(Glass, Plastics), By End User(Diagnostic Centers, Healthcare Centers, Research and Development Centers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2149 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
66
|Figures:
75
Blood Collection Tubes Market Insights
Global Blood Collection Tubes Market size was valued at USD 6.09 billion in 2022 and is poised to grow from USD 6.49 billion in 2023 to USD 10.77 billion by 2031, growing at a CAGR of 6.53% during the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Healthcare Centers
Fastest Growth
Healthcare Centers
Growth Rate
6.50% CAGR
Global Blood Collection Tubes Market ($ Bn)
Country Share for North America Region (%)
Country Share for Aisa Pacific Region (%)
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Blood Collection Tubes Market Segmental Analysis
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.
Global Blood Collection Tubes Market By End-User
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Blood Collection Tubes Market Regional Insights
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.
Global Blood Collection Tubes Market By Region
- Largest
- Fastest
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Blood Collection Tubes Market Dynamics
Blood Collection Tubes Market Driver
Growing Diagnostic Testing
- Blood testing is extensively used for the diagnosis of multiple diseases and a surge in demand for diagnostic testing is projected to boost sales of blood collection tubes in the future. Rising geriatric population base and growing awareness regarding early diagnosis among people around the world are also expected to favor blood collection tubes market outlook going forward.
High Emphasis on Preventive Healthcare
- Focus on identifying people at-risk of diseases and efforts to stop patient population from expanding further are promoting the adoption of preventive healthcare practices. Routine blood tests and the rising number of people opting for preventive healthcare approach to avoid high healthcare costs and complications are also expected to promote the demand for blood collection tubes going forward.
Blood Collection Tubes Market Restraints
High Costs of Advanced Tubes
- Blood collection tubes with advanced and specialized features such as vacuum and gel barriers are more expensive as compared to the ordinary ones. These high costs of advanced blood collection tubes are expected to impede their adoption in price-sensitive markets and hurt the overall revenue generation potential as well.
Concerns Regarding Adverse Impact on Environment Due to Plastic Waste
- To make blood collection tubes more affordable and accessible to all, manufacturers often prefer the use of plastic in manufacturing. Moreover, demand for disposable medical equipment to reduce the risk of cross contamination is also driving sales of plastic blood collection tubes. This results in a high volume of plastic medical waste generated causing environmental issues, which in turn hurts the global blood collection tube demand outlook.
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Blood Collection Tubes Market Competitive Landscape
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
- Becton, Dickinson and Company
- Haematonics
- Terumo BCT
- Fresenius SE & Co. KGaA
- Grifols, S.A.
- Nipro Medical Corporation
- Greiner Holding
- Quest Diagnostics
- SARSTEDT AG & Co. KG
- Macopharma
- Smiths Medical
- Cardinal Health
- Retractable Technologies
- Liuyang Sanli Medical Technology Development
- Terumo Corporation
- Greiner Bio-One International GmbH
- Sekisui Medical Co., Ltd.
- QIAGEN N.V.
- FL MEDICAL s.r.l.
- Biosigma S.r.l.
- Narang Medical Limited
- Soyagreentec Co., Ltd.
- CML Biotech (P) Ltd.
- KABE LABORTECHNIK GmbH
- Bioscientifica Ltd.
- CDRICH Biotech Co., Ltd.
- F.L. Medical SRL
Blood Collection Tubes Market Recent Developments
- In October 2024, Husky Technologies™ and Kriya Medical Technologies Pvt. Ltd. Announced the deployment of ICHOR™ integrated medical system. This is the first of its kind installation in India and helps Kriya manufacture 13×100 and 13x75mm blood collection tubes at its Chennai facility.
- In May 2023, CML Biotech, a leading manufacturer and supplier of blood collection tubes in India announced the installation of a new integrated blood collection manufacturing machine. The machine was set up at a cost of INR 12 crore and capable of manufacturing 8 lakh tubes per day.
- In February 2022, Abacus Dx, a leading supplier of instruments and medical devices from Australia announced the launch a new blood collection tube. RNA Complete BCT™ was added to the existing lineup of blood collection tubes and can store the sample in a stable state for 7 days.
Blood Collection Tubes Key Market Trends
- Development of Specialized Tubes: Blood collection tube manufacturers should focus on the development of specialized tubes for different applications in the healthcare space. Specialized blood collection tubes designed for molecular diagnostics, genetic testing, and pathogen detection applications have specific handling and storage features as required for their usage applications.
- Use of Sustainable Materials: Blood collection tube companies can focus on the use of sustainable materials to manufacture their tubes and eliminate the use of plastic. Use of recyclable materials, bio-degradable plastics, and reusable alternatives is projected to pick up pace in the future as emphasis on sustainability rises in the healthcare industry through 2031 and beyond.
Blood Collection Tubes Market SkyQuest Analysis
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 2022 | USD 6.09 billion |
| Market size value in 2031 | USD 10.77 billion |
| Growth Rate | 6.53% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Blood Collection Tubes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Blood Collection Tubes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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