Venous Blood Collection Devices Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands with CAGR of 9.3% by Forecast to 2023

Venous Blood Collection Devices Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands with CAGR of 9.3% by Forecast to 2023

Market Research Future has published a half-cooked research report on the global venous blood collection devices market.

Overview:

The global venous blood collection devices market is expected to expand at a CAGR of 9.3% over the forecast period of 2017-2023, reveals Market Research Future (MRFR) in a detailed study. Venous blood collection devices include collection tubes, needles, holders, and other devices which are used for collecting blood samples. They provide protection against contamination and radiation other than providing mechanical protection. The global venous blood collection devices market growth is sustained primarily by surging demand for diagnostic services. The global burden of chronic diseases is increasing at an alarming rate which induces high demand for screening services and consequently boosts the growth of the global venous blood collection devices market. This further complemented by growing disposable income and high health awareness among consumers. To meet the massive demands, medical device manufacturers are endeavoring towards product improvement which jhas resulted in teh devleopment of advanced venous blood collection devices that can be used for safer blood collection.

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Furthermore expansdion in product oportfolio by key medical device manufacturers have resulted in teh consolidation of teh global venous blood collection devices market. On the other hand, the growth of the market might be undermined by risks related to contamination, pricing pressure, and substandard product from local manufacturers.

Segmentation

The global venous blood collection devices market has been segmented based on type, material, application, and end user.

By type, the global venous blood collection devices market has been segmented into vacuum blood collection system, microfluidic system, micro-container tubes, micro-hematocrit tubes, warming devices, blood collection tubes, needles, and others. Other venous blood collection devices include venous cannula and blood bags. The blood collection tube segment has been further segmented into plasma separation tube, heparin tube, serum separating tube, EDTA tube, and others.

By material, the global venous blood collection devices market has been segmented into plastic, glass, stainless steel, ceramic, and others.

By application, the global venous blood collection devices market has been segmented into vein blood gas sampling and intraoperative blood salvage. The vein blood gas sampling segment has been further segmented into diagnosis of disease and acid-base status monitoring.

By end user, the global venous blood collection devices market has been segmented into hospitals and clinics, the point of care, blood donation centers, diagnostic centers, and others.

Regional Analysis

By region, the global venous blood collection devices market has been segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).

The Americas account for the most significant share of the global venous blood collection devices market. High healthcare spending, extensive use of screening techniques in the developed economies and brisk adoption of new medical devices support the growth of the market in the Americas. Also, the favorable reimbursement landscape in the region favors market growth.

Europe is the second largest market for venous blood collection devices driven by high disposable income and deep healthcare penetration Availability of skilled healthcare professionals, and advanced treatment facilities. The rise in government support in the form of R&D funding boosts the growth of the market. In addition, multiple initiatives undertaken by the European Parliament towards the collection, storage, and processing of blood creates a conducive environment for the growth of the market.

APAC market is driven by the expansion of the healthcare sector in the region, especially in developing countries such as China, Japan, and India. High demand for safe blood assortment devices., rise in geriatric population, and high inclination towards disposable products in laboratories can be credited for the growth of the APAC market.

The MEA market is expected to showcase steady growth over the forecast period on account of increased R&D activities in the healthcare sector and improvement in healthcare infrastructure. The Middle East & Africa market is driven by the Gulf nations, the UAE and Saudi Arabia in particular. The government in the region have endeavored towards raising the awareness level by launching various programs.

Competitive Landscape

The prominent players in teh global venous blood collection devices market include Fisher Scientific (Thermo Fisher Scientific Inc.) (U.S.), Narang Medical (India), Allegro Medical Supplies Inc. (Scrip Products Corporation) (U.S.), Vital Diagnostice (ELITech Group) (U.S.), Sekisui Chemical Co., Ltd. (Japan), Zhejiang Gongdong Medical Technology Co., Ltd. (China), CDRICH (China), Sarstedt AG & Co (U.S.), Qiagen NV (Netherlands), Hongyu Medical (China), Bio-Rad Laboratories, Inc. (U.S), Improve Medical Technology Co. Ltd. (U.S.), NIPRO Medical Corporation (Japan), Soya Green Tec Co., Ltd. (South Korea), Medtronic Plc (U.S.), KHB (U.S.), Greiner Bio One International GmbH (Greiner Group) (Austria), SanLI (Myanmar.), Biosigma (U.S.), Terumo Medical Corporation (Japan), Radiometer Medical ApS (Danaher Corporation/ Danrad ApS) (Denmark), F. Hoffmann-La Roche Ltd (Switzerland), F.L. Medical (Italy), Kabe Labortechnik GmbH (Germany), and Becton, Dickinson and Company (U.S).

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