Insights Into The Capillary Blood Collection Devices Market’s Growth Potential 2024-2033
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What is the Expected Growth Rate of the Capillary Blood Collection Devices Market from 2024 to 2033?
The capillary blood collection devices market is projected to grow from $2.13 billion in 2023 to $2.41 billion in 2024, reflecting a CAGR of 13.0%. The growth is driven by increased awareness of disease screening and home healthcare.
The capillary blood collection devices market is projected to reach $3.97 billion by 2028 with a CAGR of 13.3%. Factors contributing to growth include an increasing preference for point-of-care testing and demand for remote patient monitoring. Key trends involve technological advancements and personalized medicine.
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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 anticipated to propel the capillary blood collection devices market. Chronic diseases require ongoing management, with their rise attributed to aging populations and unhealthy lifestyles. These devices facilitate regular and less invasive blood testing, improving patient outcomes. For instance, the International Diabetes Federation reported that the number of adults with diabetes was 537 million in 2021, expected to rise to 783 million by 2045. Thus, the rising prevalence of chronic diseases is driving the capillary blood collection devices market.
What Are the Major Segments of the Capillary Blood Collection Devices Market?
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
What New Trends Are Transforming the Capillary Blood Collection Devices Market?
Firms in the capillary blood collection devices market are developing innovative products, such as neonatal and pediatric capillary blood sampling devices, to address specific healthcare needs. In October 2023, Owen Mumford Ltd., a UK medical device company, launched Unistik Heelstik, a range of devices designed for effective blood sampling in infants and young children, minimizing discomfort while ensuring adequate sample volume.
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Which Regions Are Driving Growth 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.
The Capillary Blood Collection Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the capillary blood collection devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Capillary Blood Collection Devices Market Include
1. Capillary Blood Collection Devices Market Executive Summary
2. Capillary Blood Collection Devices Market Segments
3. Capillary Blood Collection Devices Market Size And Template Market Growth Rate
4. Key Capillary Blood Collection Devices Market Trends
5. Major Capillary Blood Collection Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Capillary Blood Collection Devices Market
26. Top Capillary Blood Collection Devices Companies
27. Capillary Blood Collection Devices Market Opportunities And Strategies
28. Capillary Blood Collection Devices Market, Conclusions And Recommendations
29. Appendix
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