How Will the Capillary Blood Collection Devices Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How has the capillary blood collection devices market size evolved in recent years?
The capillary blood collection devices market has experienced rapid growth in recent years. It will increase from $2.41 billion in 2024 to $2.74 billion in 2025, at a compound annual growth rate (CAGR) of 13.5%. This growth is attributed to greater disease screening awareness, rising home healthcare adoption, an aging population, a focus on preventive medicine, and the expansion of infectious disease testing.
What are the predictions for the capillary blood collection devices market size in the coming years?
The capillary blood collection devices market is expected to reach $4.49 billion by 2029, growing at a CAGR of 13.2%. Growth factors include the increasing preference for point-of-care testing, the rising incidence of chronic diseases, the growing demand for remote patient monitoring, a focus on preventive healthcare, and heightened awareness of infectious diseases. Trends include advancements in point-of-care testing, microfluidics, personalized medicine, and remote patient monitoring.
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What key factors are fueling the growth of the capillary blood collection devices market?
The increasing prevalence of chronic diseases is expected to drive the growth of the capillary blood collection devices market. Chronic diseases require ongoing management, and the rising prevalence is due to aging populations, unhealthy lifestyles, and better medical diagnostics. Capillary blood collection devices allow for easier blood testing and improved disease management. According to the Australian Bureau of Statistics, in 2022, nearly 50% of Australians reported having at least one chronic condition, which contributes to the demand for capillary blood collection devices.
How is the global capillary blood collection devices market divided into key segments?
The capillary blood collection devices market covered in this report is segmented –
1) By Product: Lancets, Micro-Container Tubes, Micro-Hematocrit Tubes, Warming Devices, Other Product
2) By Materials: Plastic, Glass, Stainless Steel, Ceramic, Other Materials
3) By Application: Whole Blood, Serum Protein Tests, Comprehensive Metabolic Panel Tests, Liver Function Tests, Dried Blood Spot Tests
4) By End-Users: Hospitals And Clinics, Blood Donation Centers, Diagnostic Centers, Home Diagnosis, Pathology Laboratories
Subsegments:
1) By Lancets: Safety Lancets, Standard Lancets, Precision Lancets, Multi-Use Lancets
2) By Micro-Container Tubes: Plastic Micro-Containers, Glass Micro-Containers, Capillary Blood Collection Tubes With Anticoagulants, Capillary Blood Collection Tubes For Serum
3) By Micro-Hematocrit Tubes: Plastic Micro-Hematocrit Tubes, Glass Micro-Hematocrit Tubes, Capillary Blood Collection Tubes For Hematocrit Testing
4) By Warming Devices: Thermal Warming Pads, Electric Warming Devices, Infrared Warming Devices, Handheld Warming Devices
5) By Other Products: Blood Collection Systems, Collection Caps And Caps For Microtubes, Blood Sample Storage Devices
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Who are the key firms paving the way for growth in the capillary blood collection devices market?
Major companies operating in the capillary blood collection devices market are Cardinal Health Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Danaher Corporation, Novo Nordisk A/S, Becton Dickinson and Company, Henry Schein Inc., Terumo Medical Corporation, Smiths Medical ASD Inc., QIAGEN N.V., Gerresheimer AG, Radiometer America Inc., Greiner Bio-One International GmbH, SARSTEDT AG & Co. KG, Natus Medical Incorporated, Ypsomed Holding AG, Nipro Europe N.V., SEKISUI Medical Co. Ltd., Owen Mumford Ltd., PTS Diagnostics, Narang Medical Limited, Drew Scientific Group, B. Braun Lanka (Pvt) Ltd., HTL-STREFA S.A., Chengdu Rich Science Industry Co. Ltd
Which trends are expected to transform the capillary blood collection devices market?
Companies in the capillary blood collection devices market are focusing on innovative solutions, such as neonatal and pediatric blood sampling devices. These devices cater to the unique challenges of blood collection in infants and young children. In October 2023, Owen Mumford Ltd. launched Unistik Heelstik, a series of capillary blood sampling instruments designed for various developmental stages. These devices ensure minimal discomfort for babies while obtaining sufficient blood samples.
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What regions are contributing significantly to the growth of the capillary blood collection devices market?
North America was the largest region in the capillary blood collection devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the capillary blood collection devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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