Blood Collection Tubes Market by Type (Plasma Separating Tube, Serum Separating Tube, Heparin Tubes, EDTA Tubes, Rapid Serum Tubes) by Material (Glass, Plastic) by End User (Hospitals and Clinics, Research Centers, Diagnostic Laboratories)- Global Opportunity Analysis and Industry Forecast 2020-2030
Industry: Healthcare | Publish Date: 17-Aug-2020 | No of Pages: 291 | No. of Tables: 194 | No. of Figures: 164 | Format: PDF | Report Code : N/A
Market Definition:
The Blood Collection Tubes Market size was valued at USD 1.78 billion in 2019 and is predicted to reach USD 3.42 billion by 2030 with a CAGR of 6.1% from 2020-2030.
Blood is an important indicator for the diagnosis of many vital diseases. Blood collecting tubes also known as vacutainers are used to collect blood samples for analysis. They are made up of glass or plastic and have a rubber stopper that creates vacuum seal inside the tube. This enables the extraction of exact amount of blood from the patient. It may also contain additives to stabilize and preserve the specimen before testing.
Market Dynamics and Trends:
Major factors driving the growth of blood collection tubes market include growing geriatric population, emergence of liquid biopsy tests and increasing blood donation campaigns. Additionally, prevalence of chronic diseases due to changing lifestyle, and rise in the number of people suffering from obesity, diabetes and cardiovascular disease (CVD) that cause majority of the deaths have been propelling the market growth. Moreover, increase in the number of accidents and blood transfusions during surgeries further propel the growth of the market.
However, risks of acquiring infections due to unhygienic blood transfusion can restrain the growth of blood collection tubes market to some extent. On the other hand, improved healthcare infrastructure across the world and increasing accessibility to the healthcare facilities in developing and under developed countries would provide ample growth opportunities for the market players in the coming years.
Market Segmentations and Scope of the Study:
The blood collection tubes market share is segmented on the basis of type, material, end user and geography. Based on type, the market is segmented into plasma separating tube, serum separating tube, heparin tubes, EDTA tubes, rapid serum tubes, and others. On the basis of material, the market is segmented into glass and plastic. The plastic segment is further bifurcated into polyethylene terephthalate, polypropylene and polystyrene. Based on end user, the market is divided into hospitals and clinics, research centres, diagnostic laboratories and others. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis:
North America holds the largest share of global blood collection tubes market at present. This is attributed to factors such as better healthcare facilities and rising incidences of blood disorders. The United States has the maximum share in this region because of favourable healthcare reimbursements, large number of patients, and developed healthcare infrastructure.
However, Asia Pacific is expected to show the fastest growth in terms market size owing to rapid expansion of healthcare industry, increased government funding and advancement in blood collection technology. Also, there is a rising disposable income along with escalating prevalence of sepsis and HAI in this region.
Competitive Landscape
The blood collection tube market comprises of various market players such as Becton, Dickinson and Company, Greiner Bio One International GmbH, Streck Inc., SiO2 Materials Science, QIAGEN, McKesson Medical-Surgical Inc., FL MEDICAL s.r.l., Haemonetics Corporation, AdvaCare Pharmaceuticals, Sarstedt AG & Co. and Narang Medical Limited. Strategic alliances, acquisitions and innovations along with R&D are key strategies adopted by market players to maintain their market dominance.
For instance, in January, 2020, Streck launches new blood collection tube, RNA Complete BCT. This tube maintains the cell-free RNA while limiting the release of extracellular vesicles from blood cells. Also, in December, 2019, SiO2 Materials Science launched a Blood Collection Tube called the Synergy Tube. Synergy Tube is specifically designed to optimize the recovery of nucleic acids and cancer tumour cells (CTC) from the point of blood draw.
KEY BENEFITS:
-
The report offers quantitative analysis of the current blood collection tube market and estimations through 2020-2030, that assists in identifying the prevailing market opportunities to capitalize on.
-
The study comprises a deep dive analysis of the blood collection tube market trend including the current and future trends for depicting prevalent investment pockets in the blood collection tube industry.
-
The report contains information related to key drivers, restraints and opportunities and their impact on the blood collection tube market.
-
The report includes key market players, market share, which helps understand their competitive analysis.
-
The competitive analysis of the market players along with their market share in the blood collection tube market has been discussed in the report.
-
The SWOT analysis and Porter's Five Forces model is elaborated in the study.
-
Value chain analysis in the market study provides a clear picture of the stakeholder’s role.
KEY MARKET SEGMENTS:
By Type
-
Plasma Separating Tube
-
Serum Separating Tube
-
Heparin Tubes
-
EDTA Tubes
-
Rapid Serum Tubes
-
Others
By Material
-
Glass
-
Plastic
-
Polyethylene terephthalate (PET)
-
Polypropylene (PP)
-
Polystyrene (PS)
-
Others
-
By End User
-
Hospitals and Clinics
-
Research Centers
-
Diagnostic Laboratories
-
Others
By Geography
-
North America
-
US
-
Canada
-
-
Europe
-
Germany
-
France
-
UK
-
Rest of Europe
-
-
Asia-Pacific
-
Japan
-
China
-
India
-
Rest of Asia Pacific
-
-
RoW
-
Latin America
-
Middle East
-
Africa
-
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2019 |
|
Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Type (Plasma Separating Tube, Serum Separating Tube, Heparin Tubes, EDTA Tubes, Rapid Serum Tubes) by Material (Glass, Plastic) by End User (Hospitals and Clinics, Research Centers, Diagnostic Laboratories) |
|
Geographical Segmentation |
North America (U.S., Canada) Europe (Germany, France, UK, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
|
Companies Profiled |
Becton, Dickinson and Company, Greiner Bio One International GmbH, Streck Inc., SiO2 Materials Science, QIAGEN, McKesson Medical-Surgical Inc., FL MEDICAL s.r.l., Haemonetics Corporation, AdvaCare Pharmaceuticals, Sarstedt AG & Co. and Narang Medical Limited. |
KEY PLAYERS:
-
Becton, Dickinson and Company
-
Greiner Bio One International GmbH
-
Streck Inc.
-
SiO2 Materials Science
-
QIAGEN
-
McKesson Medical-Surgical Inc.
-
FL MEDICAL s.r.l.
-
Haemonetics Corporation
-
AdvaCare Pharmaceuticals
-
Sarstedt AG & Co.
-
Narang Medical Limited
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Speak to Our Analyst
Related Blogs
The Future of Immunoassays in Latin America: Trends and Predictions
According to the latest report published by the Next Move St...
Future Trends in Pharmaceutical Isolators: Enhancing Safety and Efficiency
Introduction Pharmaceutical Isolators, frequently referre...
Early Toxicity Testing: Essential Essence of Drug Development
Introduction New drug development is a complex and highly regulated process t...
