Capillary Blood Collection Devices Market – Highlight
Acknowledging the impressive growth records, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global Capillary Blood Collection Devices market will register a staggering CAGR of 10% from 2017-2023, witnessing the accruals of approx. 778.38 Mn. USD by 2023.
Capillary Blood Collection Devices, the equipment used to collect the blood samplings for diagnosis and test purposes are integral to obtain high-quality clinical results. These devices are vastly preferred among clinicians and patients due to its simple and painless blood collection technique.
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Undoubtedly, technological advancements transpired in the field of medical devices as a foray to bring more innovations in these devices are boosting the market growth, escalating the market to the exceeding heights.
Key Players:
Danaher Corporation
Abbott Laboratories
F. Hoffmann-La Roche AG
Becton Dickinson and Company
Medtronic Plc.
Novo Nordisk A S
Thermo Fisher Scientific Inc., etc.
Capillary Blood Collection Devices Market – Competitive Landscape
The global market appears to be highly competitive and diversified with the presence of giant manufacturers of the devices, playing on the global level. These players are heavily investing in R&D, global expansion, advanced technologies and product Launch to gain the competitive edge in the market.
Capillary Blood Collection Devices Market – Segments
The global capillary blood collection devices market is segmented on the basis of material, type of devices, and end-user.
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On the basis of the material, the market is classified into plastic, glass, stainless steel, and others.
On the basis of the type of devices, the market is segmented into blood collecting tubes and collector, lancets, and warming devices
On the basis of the end -user, the market is segmented into hospitals, clinics, diagnostic centers and pathology laboratories, home diagnostics, and others.
Capillary Blood Collection Devices Market – Regional Analysis
North America Capillary Blood Collection Devices Market backed by the presence of well-established players & investments, accounts for the leading market, globally, holding the largest market share. Companies involved in the manufacturing of these devices are well capable of delivering a range of customized solutions. Furthermore, augmented uptake of software solutions for healthcare administration and availability of complimenting resources drive the market growth in the region.
Factors substantiating the market growth include growing number of patients suffering from chronic diseases & disorders that consecutively augments the demand for diagnosis, increasing demand for technologically advanced diagnosis and treatment, rising government support and high per capita health care expenditures in the region. The market value is estimated to settle at US$ 292.96 Mn. by 2023.
The Europe market stands the second largest market for capillary blood collection devices, globally, owing to the technological advancement and the augmented adoption of these devices among the healthcare providers mainly in the UK, Germany, and France coupled with the resurging economy in the region which is improving the consumers’ quality of life by increasing their purchasing power.
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