Vacuum Blood Collection Tube Market Outlook, | Size, Value Share, Industry Segment and Forecast to 2032
Vacuum Blood Collection Tube Market
Vacuum Blood Collection Tube Market Share was valued at USD 7.9 Billion in 2022. The Vacuum Blood Collection Tube Market industry is projected to grow from USD 8.41 Billion in 2023 to USD 13.92 Billion by 2032,
The competitive landscape of the market represents vigorous competition among the players for strengthening their footholds in the market. A steady increase in the investments made in vacuum blood collection devices has been witnessed in the recent times. This, in turn, is projected to aid the Vacuum Blood Collection Tube Market proliferation.
The factors complementing the expansion of the market are catalyzed adoption of blood collection devices, increasing blood transfusion, etc. According to the statistics published by the American National Red Cross, in the U.S., approximately 13.6 million blood cells are collected annually. However, risks related to blood transfusion and lack of skilled personnel remain impediments to the Vacuum Blood Collection Tube Market proliferation.
Segment Analysis
By type, the global Vacuum Blood Collection Tube Market has been segmented into gel and clot activator tube, heparin tubes, EDTA tubes, serum separating tubes, and others.
By application, the Vacuum Blood Collection Tube Market is segmented into blood routine examination, biochemical test, coagulation testing, blood segmentation testing, and others.
By end-user, the global Vacuum Blood Collection Tube Market has been segmented into hospitals, clinics, pathology laboratories, blood banks, outpatient centers, and others.
Major Key Players:
The global Vacuum Blood Collection Tube Market Players are Becton, Dickinson and Company, Sunphoria Co. Ltd., Narang Medical Limited, CML Biotech, Bio – X, Labtech Disposables, Hebei Xinle Sci &Tech Co., Ltd., Greiner Bio-One International, Biosigma, Medtronic plc., Terumo
Regional Analysis
By region, the global Vacuum Blood Collection Tube Market has been segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. Americas is the largest market for vacuum blood collection tube. It is likely to retain its position over the assessment period. The increased use of blood tests for diagnosis of lifestyle diseases such as diabetes has intensified the demand in America’s Vacuum Blood Collection Tube Market. Furthermore, the presence of key players, availability of developed healthcare infrastructure, and adoption of the latest technologies are set to fuel demand in the regional market.
Europe is estimated to hold the second largest share of the market during the forecast period. The factors responsible for the growth of the Vacuum Blood Collection Tube Market in the region are government-backed research & developments, favorable government policies, increasing healthcare expenditure, etc.
Asia Pacific is set to exhibit tremendous growth in the foreseeable future. The growth is attributable to the thriving pharmaceutical industries, increasing government funding in the medical sector, improving healthcare facilities, etc. Meanwhile, the Middle East & Africa region is expected to hold the least share of the global vacuum blood collection market.
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