The Global Capillary Blood Collection Devices Market is led by some of the fervent players including Danaher Corporation, F. Hoffmann-La Roche AG, Abbott Laboratories, Becton Dickinson and Company, Novo Nordisk A S, Medtronic PLC, Thermo Fisher Scientific Inc., B. Braun Melsungen AG, Terumo Corporation, HTL-STREFA S.A., Ypsomed Holding AG, Sarstedt AG & Co, Greiner Bio-One, Improve Medical, Owen Mumford Ltd., Chengdu Rich Science Industry Co., Ltd., Nipro, Weigao Group, Weihai Hongyu Medical Devices, and Medigard. Profiling them in its analysis MRFR finds out their strategies placing them at the forefront of completion.
Global Capillary Blood Collection Devices Market – Overview
Capillary Blood Collection Devices as the name suggests, are the equipment used to collect the blood samplings for diagnosis and test purposes. These devices are highly important to obtain high-quality clinical results. Owing to its simple and painless blood collection technique, Capillary Blood Collection is vastly preferred among patients and clinicians alike.
Growing prevalence of chronic diseases and disorders such as diabetes, vascular, and heart diseases fuelled by the changing lifestyle, inclination towards the sedentary lifestyle & growing obesity disorder among people. Consecutively such factors are prompting the demand for diagnosis and treatment, increasing the demand for these Blood Collection Devices and subsequently, drive the market growth of these devices. Therefore, the global Capillary Blood Collection devices market is growing pervasively.
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Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) has recently published a study report giving out the complete market prognosis up till 2023. According to MRFR, the global Capillary Blood Collection Devices market gaining further prominence will reach to 778.38 Million By 2023 registering a CAGR of 10% throughout the forecast period.
Technological advancements in the field of medical science are also one of the key factor propelling the market growth, escalating the market growth pervasively. Substantial investments by the key market players transpired into the development of innovative devices, are in turn, paying off well fostering the market growth.
On the other hand, factors such as prices of these devices along with the risk associated with capillary blood assortment techniques and blood contaminations are likely to impede the growth of Capillary Blood Collection devices market. However, the demand for sophisticated devices by the physicians and patients, in turn, is contributing to the market growth to a great extent.
Global Capillary Blood Collection Devices Market – Competitive Analysis
Capillary Blood Collection Devices market appears to be competitive & fragmented owing to the presence of many matured & small key players accounting for a substantial market share. Through the strategic partnership, acquisition, expansion, collaboration, product & technology launch, Market players try to gain competitive advantage.
Capillary Blood Collection Devices Industry/Innovation/Related News:
Jan. 31, 2018 – DBS System (Switzerland), a leading global manufacturer for medical devices launched its new FDA Class 1 medical device listing – micro blood collection device – HemaXis DB in the United States. This launch targeting sales to certified labs performing analysis for pre-diagnostic, pre-clinical trials, and wellness testing to monitor health.
Global Capillary Blood Collection Devices Market – Segmentations
MRFR has segmented the report into four key dynamics
By Material: Glass, Plastic, and Stainless Steel, among others.
By Types of Devices : Blood Collecting Tubes & Collector, Warming Devices, and Lancets, among others.
By End-User: Clinics, Hospitals, Diagnostic Centers, Pathology Laboratories, and Home Diagnostics, among others.
By Regions: Europe, North America, APAC and Rest of the World.
Segment Plastic by the materials is expected to acquire the largest as in 42.3% market share over the review period, growing at 10.4% CAGR during the forecast period 2017–2023.
Segment Blood Collecting Tubes and Collector by types of devices, is expected to acquire the largest as in of 48.4% market over the review period.
Whereas, Segment Lancets is expected to grow at 10.4% CAGR during 2017–2023.
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Global Capillary Blood Collection Devices Market – Geographical Analysis
The North America market is projected to be the leading market in the global Capillary Blood Collection Devices market with the significant market share. Growing prevalence of chronic disorders & diseases and consecutively augmented demand for diagnosis coupled with the high healthcare expenditure are some of the factors contributing to the growth of the regional market. Moreover, increasing demand for technologically advanced diagnosis and treatment along with the rising government support, factors as such are expected to drive the regional market growth. The region is expected to reach USD 292.96 million by 2023.
Whereas, the Europe & Asia Pacific markets stand at the second & third positions respectively, owning a substantial market share. The Europe Capillary Blood Collection Devices market is expected to grow a healthy growth during the forecast period. Factors substantiating the market growth include public & private funding for R&D, the presence of leading market players and increasing prevalence of diabetes, in the region.
Other factors such as the availability of advent & advanced treatment facilities & healthcare expenditures along with the growing demand for better healthcare infrastructure are propelling the regional market growth. Moreover, growing population that is increasingly adopting the sedentary lifestyle, such factors are driving the regional market growth.
The Asia-Pacific market is expected to emerge as the fastest growing market for Capillary Blood Collection Devices. Factors such as increasing prevalence of chronic diseases like diabetes availability of new diagnosis and treatment methods coupled with the growing population that is increasingly gaining awareness towards the benefits of health management drive the market in the region. APAC is expected to grow at a CAGR of 10.6% during 2017–2023.
On the other hand, the Middle East & Africa region is expected to perceive a sluggish growth owing to the inactive markets of Africa. Factors such as lack of awareness, limited access and availability of treatment facilities especially in Africa are some of the factors responsible for the impeded market growth in the region. UAE among other MEA countries holds the largest market share in the region, attributing to the well-developed healthcare sector that is increasingly availing specialty care centers.
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