What is the global market size of Blood Collection Tubes Market?

Blood Collection Tubes Market size was valued at USD 5.7 billion in 2021 and is poised to grow from USD 6.07 billion in 2022 to USD 10.7 billion by 2030, growing at a CAGR of 6.50% in the forecast period (2023-2030).

Who are the key vendors in the Global Blood Collection Tubes Market?

Companies are trying to expand their product pipelines by submitting new molecule applications or expanding the application of current molecules. Other strategies, including mergers and acquisitions, industry-academia partnerships to commercialize more marketed molecules, or sequencing approaches, will also have an impact on current market trends. The research also outlines company-specific product development strategies, and market consolidation initiatives, and analyses their strengths, weaknesses, opportunities, and threats. 'Becton, Dickinson and Company', 'Terumo Corporation', 'Greiner Bio-One International GmbH', 'Sarstedt AG & Co. KG', 'Sekisui Medical Co., Ltd.', 'QIAGEN N.V.', 'NIPRO Medical Corporation', 'FL MEDICAL s.r.l.', 'Improve Medical Technology Co., Ltd.', 'Biosigma S.r.l.', 'Narang Medical Limited', 'Soyagreentec Co., Ltd.', 'CML Biotech (P) Ltd.', 'VitaPCR, Inc.', 'KABE LABORTECHNIK GmbH', 'Hebei Xinle Sci&Tech Co., Ltd.', 'F.L. Medical SRL', 'Bioscientifica Ltd.', 'CDRICH Biotech Co., Ltd.', 'F.L. Medical SRL'.

What is the key driver of Global Blood Collection Tubes Market?

Blood Collection Tube drivers are the numerous causes of blood loss, including the use of blood collection tubes, accidents, childbirth, and blood vessel rupture, which can result in sudden blood loss, and illnesses such as leukemia and cancer, which result in the loss of blood cells. Also, when heavy menstrual bleeding is observed, there may be complications that can be fatal; in such cases, blood required by the subject can be provided with the assistance of blood collection tubes.

What is the key market trend for Global Blood Collection Tubes Market?

Increase in Road Fatalities: Blood Collection Tube trends state that the majority of the segment's growth can be attributed to an increase in accidents and blood transfusions during surgeries, cancer therapy, and other procedures. According to a report published by India's Ministry of Road Transport and Highways, the country ranks first in terms of road accident fatalities in 2019, followed by China and the United States.

Which region accounted for the largest share in Global Blood Collection Tubes Market?

North America is expected to dominate the overall market. The presence of key players, the high prevalence of accidents and chronic diseases in the region, and the established healthcare infrastructure are some of the key factors responsible for the market's large share. Because of supportive healthcare policies, a large number of patients, and a developed healthcare market, the United States has the largest share in this region. Furthermore, over 37,000 people die in road crashes each year, an additional 2.35 million are injured or disabled, and over 1,600 children under the age of 15 die in the United States, according to the Association for Safe International Road Travel.

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 News

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 Market Report Snapshots

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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).

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. '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 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.

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.

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.

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What is the global market size of Blood Collection Tubes Market?

Who are the key vendors in the Blood Collection Tubes Market?

What is the key driver of Blood Collection Tubes Market?

What is the key market trend for Blood Collection Tubes Market?

Which region accounted for the largest share in Blood Collection Tubes Market?

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