DUBLIN, Sept. 26, 2023 /PRNewswire/ — The “Vacuum Blood Collection Tube Market Size, Share & Trends Analysis Report By Material (PET/Plastic, Glass), By Type (Coagulation, EDTA Tubes), By End-use (Blood Banks, Path Labs), By Application, And Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s providing.
The world vacuum blood assortment tube market is projected to attain a market dimension of USD 3.20 billion by the 12 months 2030, with a Compound Annual Growth Rate (CAGR) of three.02% through the forecast interval.
Several elements are contributing to the market’s development, together with the growing prevalence of persistent and infectious illnesses, a rising variety of blood transfusions, and a rising incidence of hematological problems. Additionally, the demand for blood assortment tubes for medical diagnostics is anticipated to surge as a consequence of frequent illness outbreaks in endemic areas.
Market Overview
The vacuum blood assortment tube market is witnessing important development because it performs an important function in diagnosing a variety of medical circumstances, together with infections, anemia, hypokalemia, leukemia, and kidney perform. These tubes are important in lab diagnostics, enabling healthcare professionals to provoke well timed remedy for numerous illnesses. Furthermore, the emergence and re-emergence of infectious illnesses pose a big public well being menace, driving the demand for blood assortment tubes for medical diagnostics.
Advantages of Vacuum Blood Collection Tubes
Vacuum blood assortment tubes have quite a few benefits over conventional blood assortment strategies utilizing syringes. These benefits embrace enhanced security for phlebotomists and clear specimen assortment as a consequence of minimal transferring and touching. They are additionally safer and simpler to make use of and include pre-added components. The color-coded stoppers facilitate communication and understanding among the many medical neighborhood. Moreover, they allow the gathering of a number of tubes in a single sitting, lowering the chance of hemolysis. Vacutainers provide elevated proficiency in diagnostic checks, shorter blood draw occasions, and decreased needlestick accidents and contamination dangers.
Impact of COVID-19 on the Market
The COVID-19 pandemic has had a constructive influence on the vacuum blood assortment tube trade, with elevated authorities assist for bettering blood testing processes. However, the healthcare sector has confronted a number of challenges, together with a excessive demand for blood assortment tubes, which affected the provision chain and uncooked materials availability. Leading corporations expanded their manufacturing capabilities to fulfill the worldwide demand through the pandemic. For instance, BD introduced in May 2022 that the provision of Vacutainer Citrate Tubes had stabilized and was not on guide allocation or backorder.
Increasing Blood Donations Drive Demand
The World Health Organization (WHO) stories that roughly 118.5 million models of donated blood are collected worldwide annually. Between 2008 and 2018, there was a rise of 10.7 million blood donations from voluntary unpaid donors. This rise in blood donations is anticipated to drive the utilization of blood assortment tubes, contributing to trade development through the forecast interval.
Challenges and Constraints
Despite the constructive outlook, the vacuum blood assortment tube market faces challenges, together with a scarcity of expert personnel and low product consciousness in low- and middle-income economies. The healthcare trade additionally grapples with an getting old inhabitants and the retirement of skilled operators, which impacts the workforce globally. A 2022 research performed by the University of Washington Center for Health Workforce Studies and ASCP highlighted challenges similar to a scarcity of certified personnel, a reducing variety of accredited education schemes, and elevated calls for as a consequence of emptiness charges and testing volumes.
Key Players within the Market
Leading corporations working within the vacuum blood assortment tube market embrace Sekisui Chemical, BD, Cardinal Health, Greiner AG, Intervactechnology, Advin Health Care, Advacare Pharma, Hindustan Syringes & Medical Devices, MB Plastic Industries, and Biota.
Market Highlights
-
The serum-separating tube phase accounted for the biggest share in 2022, primarily as a result of advantages of the barrier gel, which allows speedy separation of serum from mobile parts in blood, lowering hemolysis.
-
The PET/plastic materials phase additionally dominated in 2022 as a consequence of benefits over glass, similar to decrease publicity to biohazardous materials after breakage, tolerance of upper centrifugation speeds, larger shock resistance, lighter weight, and extra easy disposal through cost-effective incineration.
-
The blood routine examination utility phase was the trade chief in 2022, pushed by the prevalence of life-style illnesses and elevated consciousness of routine medical examinations.
-
Pathology laboratories had been the first end-users in 2022, owing to the excessive prevalence of illnesses similar to hepatitis B, HIV AIDS, diabetes, most cancers, and coronary heart illnesses, necessitating numerous blood checks to evaluate illness severity.
-
North America emerged as the biggest area in 2022, attributed to the presence of main medical diagnostics corporations, a well-developed healthcare infrastructure, and a excessive variety of R&D actions.
Key Attributes:
|
Report Attribute |
Details |
|
No. of Pages |
150 |
|
Forecast Period |
2023 – 2030 |
|
Estimated Market Value (USD) in 2023 |
$2.6 Billion |
|
Forecasted Market Value (USD) by 2030 |
$3.2 Billion |
|
Compound Annual Growth Rate |
3.0 % |
|
Regions Covered |
Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, & Scope
3.1 Parent Market Analysis
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Increasing Prevalence Of Chronic And Infectious Diseases
3.2.1.2 Growing Number Of Blood Transfusions
3.2.1.3 Rising Hematological Disorders
3.2.2 Market Restraint Analysis
3.2.2.1 Stringent Regulations For The Disposal Of The Tubes
3.2.2.2 Low Awareness Of Vacuum Collection Tube In Low And Middle-Income Economies
3.3 Penetration &Growth Prospect Mapping
3.4 Vacuum Blood Collection Tubes Market – Porter’s Analysis
3.5 Vacuum Blood Collection Tubes Market – Swot Analysis
3.6 Covid-19 Impact Analysis
Chapter 4 Product Business Analysis
4.1 Vacuum Blood Collection Tubes Market-Type Movement Analysis
4.2 Serum Separating Tubes
4.2.1 Global Serum Separating Tubes Market, 2018 – 2030 (USD Million)
4.3 Plasma Separation Tubes
4.3.1 Global Plasma Separation Tubes Market, 2018 – 2030 (USD Million)
4.4 Edta Tubes
4.4.1 Global Edta Tubes Market, 2018 – 2030 (USD Million)
4.5 Rapid Serum Tubes
4.5.1 Global Rapid Serum Tubes Market, 2018 – 2030 (USD Million)
4.6 Coagulation Tubes
4.6.1 Global Coagulation Tubes Market, 2018 – 2030 (USD Million)
4.7 Others
4.7.1 Global Other Tubes Market, 2018 – 2030 (USD Million)
Chapter 5 Material Business Analysis
5.1 Vacuum Blood Collection Tubes Market-Material Movement Analysis
5.2 Pet/Plastic
5.2.1 Global Pet/Plastic Tubes Market, 2018 – 2030 (USD Million)
5.3 Glass
5.3.1 Global Glass Tubes Market, 2018 – 2030 (USD Million)
Chapter 6 Application Business Analysis
Chapter 7 End-Use Business Analysis
Chapter 8 Regional Business Analysis
Chapter 9 Competitive Landscape
For extra details about this report go to https://www.researchandmarkets.com/r/mis1gg
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s main supply for worldwide market analysis stories and market knowledge. We offer you the latest knowledge on worldwide and regional markets, key industries, the highest corporations, new merchandise and the latest traits.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outdoors U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View authentic content material:https://www.prnewswire.com/news-releases/vacutainers-revolutionize-blood-collection-vacuum-blood-collection-tube-market-to-grow-at-3-02-cagr-301938923.html
SOURCE Research and Markets
