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Global Vacuum Blood Collection Tube Market Industry Overview and Forecast to 2031 – Market Analysis and Market Share

Medical Devices | Upcoming Report | Sep 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

The Global Vacuum Blood Collection Tube Market size in 2023 is USD 2.93 billion. The market share is growing at a CAGR of 7.9% and projected reach USD 5.41 billion by 2031.


 

Vacuum blood collection tubes are sterile glass or plastic tubes used to collect blood samples. A vacuum blood collection tube employs a stopper to produce a vacuum seal, allowing blood to be collected directly from the veins. These are used to prevent blood contamination in a variety of settings, including clinics, hospitals, blood banks, pathology laboratories, outpatient centers, and others. According to Nuffield Department of Primary Care Health Sciences Research at the universities of Oxford, Bristol and Southampton, between 2000/1 and 2015/16 the number of diagnostic tests ordered per 10,000 person a year increased 3.3 folds from 14,869 to 49,267. This represents an 8.5% increase per year. Such substantial increase in diagnostic testing correlates directly with the rising demand for vacuum blood collection tubes, as more tests necessitate more blood samples. Consequently, the growing volume of diagnostic procedures fuels the expanded use of vacuum blood collection tubes.

Data Bridge Market Research Market Report provides details of new recent developments, market share, market trends on the basis of its segmentations and regional analysis, the impact of market players, analyses of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact Data Bridge Market Research’s team of expert analysts. Our team will help you make informed market decisions to achieve business growth.

Global Vacuum Blood Collection Tube Market Analysis and Market Size

Global Vacuum Blood Collection Tube Market Report Metric Details

 

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Year

2022 (Customizable 2016-2021)

Measuring Unit

USD Billion

Data Pointers

Market value, growth rate, market segments, geographical coverage, market players, and market scenario, in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The rising prevalence of chronic diseases such as diabetes, cardiovascular ailments, and cancer, along with a greater emphasis on preventative healthcare is driving up demand for dependable blood collection systems. As these illnesses necessitate regular monitoring and early diagnosis, accurate and effective blood sample procedures become critical. As a result, Databridge Market Research dived into comprehensively analyzing the market and unveiled that the Global Phobic Disorders Treatment   Market is increasing at a CAGR of 7.9%. Our detailed analysis forecasts that the market is valued at USD 2.93 billion in 2023 and is expected to grow upto USD 5.41 billion by 2031. Our meticulously created report, developed through comprehensive research and analytics, is a distinguished paper that unveils eye-opening data about the market.

Global Vacuum Blood Collection Tube Market Dynamics

Global Vacuum Blood Collection Tube Market Growth Drivers

Rise in Telemedicine and Remote Diagnostics

The expansion of telemedicine and remote diagnostic services has significantly increased the need for reliable blood collection solutions that facilitate sample transport from patients' homes to diagnostic labs. For instance, Labcorp has introduced specialized vacuum blood collection tubes designed for home use, which ensure safe and contamination-free sample collection.  This innovation supports the growing telemedicine trend by addressing the challenges of sample integrity and handling, thereby driving the vacuum blood collection tube market growth.

Growth in Biobanking and Genetic Research

The increase in biobanking and genetic research, requires large-scale collection and preservation of biological samples for studies and clinical trials, is pushing up demand for high-quality vacuum blood collection tubes. For instance, the UK's National Health Service (NHS) Biobank is a large repository that gathers and preserves millions of biological samples to aid research into genetic and environmental factors influencing health. To maintain sample integrity over time, these biobanks require improved vacuum blood collection tubes with enhanced preservation and contamination control characteristics. The growing emphasis on precision medicine and large-scale genomic studies further underscores the need for such specialized collection tubes, contributing to the Global Vacuum Blood Collection Tube Market growth.

Global Vacuum Blood Collection Tube Market Growth Opportunities

Customization for Personalized Medicine

Becton Dickinson is developing specialized blood collection tubes that are designed for specific genetic or biomarker tests, such as those used in precision oncology.  These tubes can be pre-configured to optimize the preservation of DNA or RNA tailored to the unique requirements of genetic sequencing or biomarker analysis. Such customization enhances the ability to conduct precise and individualized diagnostic tests, thereby supporting the growing demand for personalized medicine and offering a strategic growth avenue in the Global vacuum blood collection tube market.

Collaboration with AI and Automation

Collaborating with AI and automation, companies present a compelling growth opportunity in the vacuum blood collection tube market by integrating smart features that streamline laboratory operations. For instance, company like Siemens Healthineers are already exploring automation in their diagnostic processes, leading to innovations such as tubes with embedded RFID tags and AI-driven error detection systems. Such advancements allow for automated labeling, real-time tracking, and error identification, reducing manual handling errors, and improving the accuracy and efficiency of blood sample processing.

Global Vacuum Blood Collection Tube Market growth Challenges

Supply Chain Vulnerabilities

The price of polyethylene, a common plastic used in tube manufacturing, can vary due to factors such as crude oil price changes or supply chain disruptions, leading to unpredictable manufacturing costs. This volatility forces manufacturers to constantly adjust their pricing strategies to maintain profitability, often resulting in higher prices for end-users, including hospitals and diagnostic centers. Thus hindering the Global Vacuum Blood Collection Tube Market.

Adoption Barriers in Emerging Markets

In emerging markets with limited healthcare infrastructure, such as parts of Africa and Southeast Asia, the adoption of modern blood collection technologies faces significant barriers. For instance, in rural areas of Africa, the lack of advanced healthcare facilities and trained personnel impedes the widespread use of sophisticated vacuum blood collection tubes. Limited access to reliable electricity and laboratory equipment further exacerbates the challenge, leading to reliance on more traditional and less efficient methods. Consequently, this slow adoption hampers the Global Vacuum Blood Collection Tube market growth by restricting the reach of advanced blood collection solutions.

Global Vacuum Blood Collection Tube Market Growth Restraints

Restraining regulations

The global vacuum blood collection tube market faces growth restraints due to stringent regulations in various countries, such as Japan and China, where medical device standards are highly rigorous. For instance in China, the National Medical Products Administration (NMPA) mandates extensive testing and documentation for device registration, which can be time-consuming and costly for manufacturers. These regulatory challenges, while ensuring product safety and efficacy, can hinder the global vacuum blood collection tube market growth by extending time to market and increasing compliance costs.

Global Vacuum Blood Collection Tube Market Scope and Trends

Global Vacuum Blood Collection Tube Market Segmentations Overview

Market

Sub-Segments

Product Type

Gel and Clot Activator Tube, Heparin Tubes, EDTA Tubes, Glucose Tubes, Serum Separating Tubes and ERS Tubes

Material

PET, Polypropylene, Tempered Glass and Others

Application

Biochemical Test, Blood Routine Examination, Coagulation Testing, Blood Segmentation Testing and Others

End-users

Clinics, Hospitals, Blood Banks, Pathology Laboratories, Outpatient Centres and Others

  • The Vitrex Vacusence Serum Gel and Clot Activator Tubes allows to obtain more serum than regular tubes due to the cleaner separation of serum from the clot as it contain inert gel; during centrifugation, the gel forms a stable barrier between serum and blood cells.
  • VACUETTE® Blood Collection Tubes are made out of virtually unbreakable PET plastic. They provide improved safety and hygiene during specimen collection procedures with the advantage of being as clear as glass.
  • Microfluidics is revolutionizing blood collection tube manufacturing by integrating tiny channels within the tubes for precise separation and analysis of blood components. This innovation reduces sample volumes, making diagnostics less invasive and more patient-friendly.
  • In recent times, Smart Tubes are embedded with tracking devices like RFID (Radio-Frequency Identification) chips, enabling seamless sample identification and tracking throughout the diagnostic process. This innovation minimizes the risk of sample mix-ups, improves traceability, and expedites laboratory workflows.

Global Vacuum Blood Collection Tube Market Regional Analysis – Market Trends

Global Vacuum Blood Collection Tube Market Regional Overview

 

Region

Countries

Europe

Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe

APAC

China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific

North America

U.S., Canada, and Mexico

MEA

Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East, and Africa

South America

Brazil, Argentina, and Rest of South America

Key Insights

  • North America dominates the global market due to advanced healthcare infrastructure and high demand for innovative blood collection technologies. The U.S. leads with robust adoption of modern diagnostic tools and strong regulatory frameworks.
  • Europe exhibits steady growth driven by stringent quality standards and comprehensive healthcare systems. The UK and Germany are key players, with the NHS and healthcare policies supporting the adoption of advanced blood collection solutions.
  • Asia-Pacific is experiencing rapid expansion due to increasing healthcare investments and growing prevalence of chronic diseases. China and India are major contributors, with significant advancements in healthcare infrastructure and rising awareness driving market growth.
  • Middle East and Africa are emerging market with substantial growth potential. Countries like the UAE and Saudi Arabia are investing heavily in healthcare infrastructure, enhancing the adoption of advanced blood collection technologies.

Global Vacuum Blood Collection Tube Market Leading Players

  • Abbott
  • Eli Lilly and Company
  • Bristol-Myers Squibb Company
  • Takeda Pharmaceutical Company Limited
  • Hoffmann-La Roche Ltd
  • Mylan N.V.
  • GlaxoSmithKline plc
  • AstraZeneca
  • AbbVie Inc.
  • Johnson & Johnson Services, Inc.
  • Medtronic
  • com
  • ELITechGroup
  • Vitrex Medical A/S

Global Vacuum Blood Collection Tube Market Recent Developments

  • In May, 2023 CML Biotech installed the world's first integrated blood collection tube manufacturing machine.
  • In March, 2023, Rostec's Research Engineering Institute (NIII) has begun the first delivery of vacuum venous blood collection tubes to Russian medical facilities and laboratories. The company plans to create 40,000,000 tubes this year and 70,000,000 tubes in 2024 in order to lessen the need for such products from other countries.
  • In May, 2023 BD in partnership with Odense University Hospital, the Health Innovation Centre of Southern Denmark, Danish Technological Institute, and GMAF to explore blood tube recycling in a sustainability pilot program.


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