Blood Collection Tubes Market Size
Medical Equipment

How Will The Blood Collection Tubes Market Globally Expand In 2023?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s blood collection tubes market report forecasts the blood collection tubes market size to grow to $8.23 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Blood Collection Tubes Market Size Forecast
The global blood collection tubes market is expected to grow from $5.78 billion in 2022 to $6.21 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global blood collection tubes market size is expected to reach $8.23 billion in 2027 at a CAGR of 7.2%.

North America held the largest blood collection tubes market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Blood Collection Tubes Market Driver ­– Increase In The Prevalence Of Chronic Diseases
According to the World Health Organisation (WHO), an estimated 10.6 million individuals would be afflicted with tuberculosis globally in 2021, with 1.6 million dying. Furthermore, 1.5 million individuals will be infected with HIV by 2021, with 650,000 people dying as a result of it. As a result, the rising prevalence of chronic diseases is likely to drive up demand for blood collection tubes over the forecast period.

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Key Blood Collection Tubes Market Trend – Technological Advancement
Major players in the blood collection tube market are creating new technologies to suit fast-growing industry demand and expand their global presence. Rhinostics Inc., a US-based medical device manufacturing business, for example, released an automated sample collection technique in June 2022 with the launch of the patent-pending Veristic collecting device focusing on small-volume blood collection. The Veristic is ideal for use in at-home and clinician-assisted collection methods, and it is a highly efficient, high-throughput replacement for antibody, hormone, and protein detection, sexually transmitted infections (STIs), dried blood spot (DBS) cards, genetic testing, clinical trials, and other applications that can be collected using a simple finger prick.

Blood Collection Tubes Market Segment
1) By Product Type: Plasma Separating Tube, Serum Separating Tube, Heparin Tubes, EDTA Tubes, Rapid Serum Tubes, Other Product Types
2) By Material: Glass, Plastic
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users

Blood Collection Tubes Market Major Players and Strategies
Major players in the blood collection tubes market are Becton, Dickinson and Company, Greiner AG, Qiagen NV, Sarstedt AG & Co KG, Terumo Corporation, FL Medical SRL, AdvaCare Pharma, Cardinal Health Inc., Haematonics, Narang Medical Limited, Chengdu Rich Science Industry Co., Ltd, DWK Life Sciences, Fresenius Kabi AG, Grifols, S.A., and Hindustan Syringes & Medical Devices Ltd.

Becton, Dickinson and business (BD), a US-based medical technology business, acquired Velano Vascular for an undisclosed sum in July 2021. BD is now able to aid healthcare providers in assisting to remove numerous needlesticks for blood sample collection, eliminating pain and anguish from the process while delivering excellent outcomes and enhancing patient satisfaction, thanks to the purchase of Velano Vascular. Velano Vascular is a needle-free blood collection device manufacturer based in the United States.

The Blood Collection Tubes Global Market Report 2023 covers regional data on blood collection tubes market size, blood collection tubes market trends and drivers, opportunities, strategies, and blood collection tubes market competitor analysis. The countries covered in the blood collection tubes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Blood collection tubes are sterile test tubes made of glass or plastic with a coloured rubber or plastic lid. It is a specialised tube used to collect and transfer blood samples for laboratory examination.

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