Blood Collection Tubes Market Size to Exceed $9.75 Billion by 2029 | Growth and Industry Trends
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How Has the Blood Collection Tubes Market Grown from 2024 to 2025?
The market for blood collection tubes has significantly expanded in the past few years. The market is set to surge from $6.5 billion in 2024 to $6.93 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.6%. Various factors fuel this growth in the historical period, such as the expansion of the animal feed industry, enhanced meat and poultry production, effective nutrient sourcing, optimal use of waste in slaughterhouses, and the production of organic fertilizer.
What Growth Rate Is Anticipated for the Blood Collection Tubes Market in the Coming Years?
In the coming years, the market size for blood collection tubes is anticipated to experience robust growth, estimated to reach “$9.75 billion by the year 2029 with a compound annual growth rate (CAGR) of 8.9%. This expected surge over the forecast period is attributed to a myriad of factors such as developments in aquaculture, the rise in insect farming, increasing global population, utilization in biomedical studies, and a growing market for organic products. The forecast period is also expected to showcase significant trends including advancements in technological processing, heightened research and development in animal food, exploration in blood meal-based biostimulants, rising trends in organic and non-GMO products, and the creation of hydrolyzed blood meal.
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Who Are the Leading Companies in the Blood Collection Tubes Market?
Major companies operating in the blood collection tubes market include 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., Hindustan Syringes & Medical Devices Ltd., Sekisui Chemical Co. Ltd., InterVacTechnology Inc., Advin Health Care, MB Plastic Industries, Biota, Nipro Medical Corporation, CML Biotech Pvt. Ltd., CDRICH Corporation, Biosigma Srl, VWR International LLC, Abbott Laboratories Inc., Danaher Corporation, Medline Industries Inc., Owens & Minor Inc.
What Are the Key Drivers of the Blood Collection Tubes Market?
The rise in the occurrence of chronic illnesses is propelling the expansion of the blood collection tube market. Chronic illnesses are typically slow-progressing health conditions. Diseases such as diabetes, cancer, and tuberculosis, which are typically chronic, are diagnosed with the aid of blood collection and sampling. Lifestyles characterized by poor health habits and risky behaviors like tobacco usage, exposure to smoke, consumption of unhealthy diets high in salt and saturated fats but low in fruits and vegetables, and a lack of physical activity have resulted in a steady escalation in infectious disease incidences. Consequently, the associated diagnostic activities are likely to stimulate the usage of blood collection devices. As an example, the World Health Organization, a Switzerland-based United Nations agency, predicted in February 2024 that there would be over 35 million new cancer cases by 2050, marking a 77% surge compared to the projected 20 million cases in 2022. Hence, the rising prevalence of chronic illnesses is anticipated to stimulate the demand for blood collection tubes in the future.
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What Are the Key Market Segments in the Blood Collection Tubes Industry?
The blood collection tubes market covered in this report is segmented –
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
Subsegments:
1) By Plasma Separating Tube: Gel Plasma Separating Tubes, Non-Gel Plasma Separating Tubes
2) By Serum Separating Tube: Gel Serum Separating Tubes, Non-Gel Serum Separating Tubes
3) By Heparin Tubes: Lithium Heparin Tubes, Sodium Heparin Tubes
4) By EDTA Tubes: K2 EDTA Tubes, K3 EDTA Tubes
5) By Rapid Serum Tubes: Standard Rapid Serum Tubes, Clot Activator Rapid Serum Tubes
6) By Other Product Types: Blood Culture Bottles, Specialized Collection Tubes
What Are the Latest Trends in the Blood Collection Tubes Market?
Progress in technology is becoming a prominent trend in the blood collection tube market. Major firms in this sector are inventing new technologies to suit the rapidly growing industry requirements and to amplify their global business footprint. For example, in June 2022, Rhinostics Inc., a producer of medical devices from the US, introduced an automatic sample collection innovation with the launch of their Veristic collection device, which is patent-pending and specialises in small-volume blood collection. The Veristic device is perfect for home-based and clinician-assisted collection procedures, and serves as an extremely efficient, high-capacity substitute to detect antibodies, hormones, and proteins, sexually transferred diseases (STDs), dried blood spot (DBS) cards, genetic testing, clinical experiments, and other applications facilitated by a simple finger prick collection.
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What Are the Key Regional Markets in the Blood Collection Tubes Industry?
North America was the largest region in the blood collection tube market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global blood collection tube market report during the forecast period. The regions covered in the blood collection tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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This Report Delivers Insight On:
1. How big is the blood collection tubes market, and how is it changing globally?
2. Who are the major companies in the blood collection tubes market, and how are they performing?
3. What are the key opportunities and risks in the blood collection tubes market right now?
4. Which products or customer segments are growing the most in the blood collection tubes market?
5. What factors are helping or slowing down the growth of the blood collection tubes market?
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