Key Players – Vacuum Blood Collection Tube Market
Leading players profiled in the vacuum blood collection tube market report include
- Sarstedt,
- Medtronic (US),
- GBO,
- Terumo (Japan),
- Sekisui Chemical Co. Ltd,
- Hebei Xinle Sci &Tech Co., LTD (China),
- HUMAN (US),
- Bio – X,
- Labtech Disposables,
- CML Biotech,
- Narang Medical Limited,
- Sunphoria Co., Ltd. (Taiwan),
- Dickinson and Company (US),
- Becton
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Key players are incorporating various strategies such as partnerships, expansions, product innovations and launches, mergers and acquisitions, and research and development for creating a foothold in the market.
Market Analysis
The Worldwide Vacuum Blood Collection Tube Market is predicted to grow at an 11.6% CAGR over the forecast period (2018-2027), states the latest Market Research Future (MRFR) report. Vacuum blood collection tube is a tube made of plastic or sterile glass that includes stoppers in generating a vacuum seal inside the collection tube. As the name suggests, the vacuum blood collection tube works on vacuum technology. It helps in preventing needle-stick damage by stopping human contact of needles, thus decreasing contamination. These tubes have double point needles which is fixed to the tubular adaptor. Vacuum blood collection tubes are mostly utilized by laboratories and clinics to store blood for future testing.
Various factors are propelling the vacuum blood collection tube market growth. Some of these factors, according to the Market Research Future report, include rising investments in vacuum blood collection devices, rising use of blood collection devices, increasing blood transfusion, burgeoning demand for reliable and safe equipment for blood collection, use of aseptic methods during patient care, and increasing awareness regarding the significance of health both in developing and developed countries. Additional factors pushing market growth include technological advancements in vacuum blood collection tubes, increasing use of combination therapy, increasing prevalence of chronic respiratory disease, and use of these tubes for diagnosis of different diseases including cardiovascular diseases, anemia, HIV, and diabetes.
Furthermore, the demand for safe and reliable blood collection equipment and the use of aseptic techniques during patient care are also contributing to the ascension of the Vacuum Blood Collection Tube Market. Blood tests are carried out to diagnose numerous diseases such as diabetes, HIV, anemia, as well as cardiovascular diseases. This is estimated to bolster market growth to new heights. Even though the global vacuum blood collection tubes market has many factors causing the augmentation of growth, a few factors are acting as restraints during the forecast period. Lack of skilled personnel and significant risks involved with blood transfusion are predicted to hinder growth in the global vacuum blood collection tubes market. On the contrary, risk related to blood transfusion, scarcity of skilled personnel, and low popularity of these tubes in undeveloped countries are factors that may restrict the vacuum blood collection tube market growth over the forecast period.
Industry Update
January 2019: The S-Monovette is an innovative enclosed blood collection system that allows the user to draw blood from the patient using a vacuum technique. With the use of this technique, the phlebotomist has full control over the speed at which the blood is drawn into the tube.
Regional Analysis – Vacuum Blood Collection Tube Market
By region, the vacuum blood collection tube market report covers the latest trends and growth opportunities across Europe, North America, the Asia Pacific, and the Middle East and Africa. Of these, North America will command the market over the forecast period. It is predicted to grow at a 5.8% CAGR. This is owing to a rise in blood testing in the region due to the prevalence of new diseases. The vacuum blood collection tubes contain additional substances which preserve blood for processing in the medical laboratory.
The global vacuum blood collection tube market in Europe is predicted to have the second-largest share in the market over the forecast period. It is predicted to grow at a 6.5% CAGR. This is owing to the use of vacuum blood collection tubes for blood culture and a special collection for detecting bacteria present in the blood.
The global vacuum blood collection tube market in the APAC region is predicted to grow at the fastest pace over the forecast period. India, as well as China, are the leading contributors in this region as they are constantly using the latest technological advancements in the healthcare facility.
The global vacuum blood collection tube market in the Middle East and Africa is predicted to have a limited yet steady growth over the forecast period. This is owing to technological advancements.
Market Segmentation – Vacuum Blood Collection Tube Market
The MRFR report offers a wide segmental analysis of the vacuum blood collection tube market on the basis of application, type, and end user.
By type, the vacuum blood collection tube market is segmented into serum separating tubes, EDTA tubes, heparin tubes, gel and clot activator tube, and others.
Based on application, the vacuum blood collection tube market is segmented into blood segmentation testing, coagulation testing, biochemical test, and blood routine examination.
Based on end users, the vacuum blood collection tube market is segmented into outpatient centers, blood banks, pathology laboratories, hospitals and clinics, and others.
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