Capillary Blood Collection Devices Market Valuation Expected To Reach $4.49 Billion By 2029, Growing At A Rate Of 13.2%
Discover trends, market shifts, and competitive outlooks for the capillary blood collection devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What is the Projected CAGR for the Capillary Blood Collection Devices Market Size from 2025 to 2034?
In recent times, there has been significant growth in the market size of capillary blood collection devices. This market is predicted to expand from $2.41 billion in 2024 to $2.74 billion in 2025, marking a compound annual growth rate (CAGR) of 13.5%. The spurt of growth during the historical period can be attributed to a rising understanding of disease screening, the surge in home healthcare, an increasing elderly population, amplified attention towards preventive medicine, and the broadening scope of infectious disease testing.
Expectations are high for significant expansion in the capillary blood collection devices market over the forthcoming years. Forecasts predict it will reach a value of $4.49 billion in 2029, boasting a compound annual growth rate (CAGR) of approximately 13.2%. Such growth anticipated in this period can be credited to the inclining preference for point-of-care testing, increased occurrence of chronic illnesses, growing demand for at-home patient monitoring, a heightened focus on preventative healthcare, and increased awareness of infectious diseases. Major trends shaping this projection period include point of care testing, technological development, microfluidics, personalised medicine, and remote patient monitoring.
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Which Factors and External Forces Are Driving Demand in the Capillary Blood Collection Devices Market?
The rise in chronic diseases is projected to spur the expansion of the capillary blood collection devices market. These diseases are long-term health complications requiring sustained management and treatment. The surge in chronic diseases can be linked to factors such as growing elderly populations, poor lifestyle choices, environmental elements, and progress in medical diagnostics leading to superior disease detection. Capillary blood collection devices help patients and healthcare professionals better manage chronic diseases by allowing for regular, convenient, and less invasive blood testing. This leads to enhanced patient results and improved quality of life. For instance, the Australian Bureau Statistics, an independent statistical office based in Australia, reported in December 2023 that around 49.9% of Australians claimed to have at least one chronic disorder in 2022. The most frequently reported conditions were mental and behavioral disorders (26.1%), back problems (15.7%), and arthritis (14.5%). About 81.4% of Australians disclosed having at least one long-term health issue, amounting to roughly 20.7 million people. Moreover, Allergy UK, a national charity based in the UK, stated in April 2024 that over 21 million people in the UK suffer from allergies, which in 2022 became the most commonly reported chronic health condition, with projected data suggesting that by 2026, half of Europe’s population will have at least one allergy. Therefore, the escalation in chronic diseases is fueling the growth of the capillary blood collection devices market.
Which Segments in the Capillary Blood Collection Devices Offer the Most Growth?
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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What Are the Fastest-Growing Geographies in 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.
What Key Trends Are Shaping the Future of the Capillary Blood Collection Devices Market?
Leading businesses active in the capillary blood collection devices market are concentrating their efforts on creating novel products, such as neonatal and pediatric capillary blood sampling devices, to meet the unique requirements and obstacles in healthcare institutions servicing infants and young kids. Owen Mumford Ltd., a medical device company based in the UK, introduced Unistik Heelstik in October 2023, a capillary blood sampling segment for neonates and children. The collection consists of four blood sampling instruments, with each one being specifically designed for a different stage of development: Unistik Heelstik Toddler, Full Term, Preemie, and Micro Preemie. The goal of these devices is to address the difficulties associated with capillary blood collection in newborns and older infants, aiming to acquire satisfactory sample volumes whilst minimizing discomfort to the baby. The Unistik Heelstik gadgets are designed only to target superficial blood vessels, thereby avoiding deep penetration that might trigger skin pain fibers.
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What Are the Key Elements That Define the Capillary Blood Collection Devices Market?
Capillary blood collection devices are medical tools used to obtain small blood samples through a minimally invasive technique, typically from a fingertip, heel, or earlobe. These devices are designed to puncture the skin just enough to draw a small amount of capillary blood, which can be used for various diagnostic tests.
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