Blood Collection Tube Market shall reach a value of $2,535.3 Million in 2027, growing with a CAGR of 5.2% during the forecast period of 2020 to 2027.
A blood collection tube is a vacationer that collects and stores blood in a sterile tube either made of glass or plastic. There is also usually a rubber stopper that consists of different colours and acts as a vacuum to seal the tube after a predetermined amount of blood is inside. These tubes are used by doctors, nurses, clinics as well as blood collection agencies.
There has been a huge increase in demand for blood collection tubes due to the increased number of people needing blood. This is because the number of accidents has increased in recent years as well as an increase in coronavirus patients needing blood transfusions have also contributed to an increase in blood collection tubes. As well as for diagnosing diseases like coronavirus has caused an increase in demand.
Blood collection tube market size was estimated at USD _43.7 million in 2020 and is forecast to reach USD _87.9 million by 2027.
This increase in demand has caused a huge shortage as suppliers cannot keep up with this demand. This means that blood collection services may suffer if they are unable to have the blood tested to ensure it’s healthy. It could also mean that people who may need to be tested for certain diseases may not be able to if there are no blood collection tubes to store the blood and send it to the labs.
Blood Collection Tubes Market Growth and Trends
With rapid increase in the incidence of chronic diseases globally, where almost half of the total chronic disease fatalities are from cardiovascular disease, and obesity and diabetes are also showing alarming trends, there is a need to undergo regular tests during medical checkups, for which there is a high demand for blood collection tubes. The increase in lifestyle diseases has ensured greater adherence to health checkups and the increasing importance of markers to identify disease conditions primarily via blood collection. Health checkups are increasing in popularity at a personal as well as corporate level for the well-being of individuals. This is favourable for the market growth and a significant contributor to fostering the blood collection devices market, as blood tests are a principal mode of diagnosing these diseases. Collection of blood samples from patients with difficult venous access is sometimes impossible. In patients with difficult venous access, it is difficult to collect adequate blood samples using traditional blood collection products, also leading to recurring attempts to collect blood. To overcome this, new hematology-tube designs have been introduced to support capillary-blood collection to reduce the risk of collection and processing errors in difficult venous access patients. Apart from this, a vein illumination and visualization technique, that is, vein finder is an innovative addition to safe blood collection procedures, is used by healthcare professionals in finding an appropriate vein for venipuncture. The functionality of the device in illuminating the veins beneath the skin using ultrasound or infrared technology facilitates convenient vein access, thus plummeting the necessity for repeated venepuncture, thus generating considerably high demand and leading thriving market growth.
The supply of blood collection tubes might be slowed down due to a disruption in the supply chain for the pandemic situation, which could be a temporary limiting factor for its market growth.
Blood Collection Tubes Market Competition
Key companies operating in this industry are BD, Terumo, GBO, Medtronic, Sekisui, Sarstedt, FL Medical, Improve Medical, Hongyu Medical and TUD.
• Blood Collection Tubes Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Blood Collection Tubes Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Serum Separating Tubes
• EDTA Tubes
• Plasma Separation Tubes
Application Outlook (Revenue, USD Million, 2020 - 2027)
Country (Revenue, USD Million, 2020 - 2027)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
Middle East and Africa
• Saudi Arabia
Blood Collection Tubes Market Companies
• FL Medical
• Improve Medical
• Hongyu Medical
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