Blood Collection Tubes Market by Type (Plasma Separating Tube, Serum Separating Tube, Heparin Tubes, EDTA Tubes, Rapid Serum Tubes) by Material (Glass, Plastic) by End User (Hospitals and Clinics, Research Centers, Diagnostic Laboratories)- Global Opportunity Analysis and Industry Forecast 2020-2030

Market Definition:

The Blood Collection Tubes Market size was valued at USD 1.78 billion in 2019 and is predicted to reach USD 3.42 billion by 2030 with a CAGR of 6.1% from 2020-2030.

Blood is an important indicator for the diagnosis of many vital diseases. Blood collecting tubes also known as vacutainers are used to collect blood samples for analysis. They are made up of glass or plastic and have a rubber stopper that creates vacuum seal inside the tube. This enables the extraction of exact amount of blood from the patient. It may also contain additives to stabilize and preserve the specimen before testing.

Market Dynamics and Trends:

Major factors driving the growth of blood collection tubes market include growing geriatric population, emergence of liquid biopsy tests and increasing blood donation campaigns. Additionally, prevalence of chronic diseases due to changing lifestyle, and rise in the number of people suffering from obesity, diabetes and cardiovascular disease (CVD) that cause majority of the deaths have been propelling the market growth. Moreover, increase in the number of accidents and blood transfusions during surgeries further propel the growth of the market.

However, risks of acquiring infections due to unhygienic blood transfusion can restrain the growth of blood collection tubes market to some extent. On the other hand, improved healthcare infrastructure across the world and increasing accessibility to the healthcare facilities in developing and under developed countries would provide ample growth opportunities for the market players in the coming years.

Market Segmentations and Scope of the Study:

The blood collection tubes market share is segmented on the basis of type, material, end user and geography. Based on type, the market is segmented into plasma separating tube, serum separating tube, heparin tubes, EDTA tubes, rapid serum tubes, and others. On the basis of material, the market is segmented into glass and plastic. The plastic segment is further bifurcated into polyethylene terephthalate, polypropylene and polystyrene. Based on end user, the market is divided into hospitals and clinics, research centres, diagnostic laboratories and others. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America holds the largest share of global blood collection tubes market at present. This is attributed to factors such as better healthcare facilities and rising incidences of blood disorders. The United States has the maximum share in this region because of favourable healthcare reimbursements, large number of patients, and developed healthcare infrastructure.

However, Asia Pacific is expected to show the fastest growth in terms market size owing to rapid expansion of healthcare industry, increased government funding and advancement in blood collection technology. Also, there is a rising disposable income along with escalating prevalence of sepsis and HAI in this region.

Competitive Landscape

The blood collection tube market comprises of various market players such as Becton, Dickinson and Company, Greiner Bio One International GmbH, Streck Inc., SiO2 Materials Science, QIAGEN, McKesson Medical-Surgical Inc., FL MEDICAL s.r.l., Haemonetics Corporation, AdvaCare Pharmaceuticals, Sarstedt AG & Co. and Narang Medical Limited. Strategic alliances, acquisitions and innovations along with R&D are key strategies adopted by market players to maintain their market dominance.

For instance, in January, 2020, Streck launches new blood collection tube, RNA Complete BCT. This tube maintains the cell-free RNA while limiting the release of extracellular vesicles from blood cells. Also, in December, 2019, SiO2 Materials Science launched a Blood Collection Tube called the Synergy Tube. Synergy Tube is specifically designed to optimize the recovery of nucleic acids and cancer tumour cells (CTC) from the point of blood draw.

KEY BENEFITS:

• The report offers quantitative analysis of the current blood collection tube market and estimations through 2020-2030, that assists in identifying the prevailing market opportunities to capitalize on. 

• The study comprises a deep dive analysis of the blood collection tube market trend including the current and future trends for depicting prevalent investment pockets in the blood collection tube industry.

• The report contains information related to key drivers, restraints and opportunities and their impact on the blood collection tube market.

• The report includes key market players, market share, which helps understand their competitive analysis.

• The competitive analysis of the market players along with their market share in the blood collection tube market has been discussed in the report.

• The SWOT analysis and Porter's Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholder’s role.

KEY MARKET SEGMENTS:

By Type

• Plasma Separating Tube

• Serum Separating Tube

• Heparin Tubes

• EDTA Tubes

• Rapid Serum Tubes

• Others

By Material

• Glass

• Plastic

  • Polyethylene terephthalate (PET)

  • Polypropylene (PP)

  • Polystyrene (PS)

  • Others

By End User

• Hospitals and Clinics

• Research Centers

• Diagnostic Laboratories

• Others

By Geography

• North America

  • US

  • Canada

• Europe

  • Germany

  • France

  • UK

  • Rest of Europe

• Asia-Pacific

  • Japan

  • China

  • India

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

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