Global Venous Blood Collection Tube Market Research Methodology Report: Expected to Expand at a Steady CAGR through 2021

There are various uses of a venous blood collection unit. The most common use of a venous blood collection unit is for a routine blood test called venous plasma testing. This blood test collects a small volume of the patient's blood and looks for the presence of any blood clots, which could be signs of an acute illness or other serious diseases like cancer. The global venous blood collection tube market is expected to grow at a high rate due to increasing prevalence of chronic diseases across the world.

Drivers:

Increasing burden of chronic diseases such as cancer, heart diseases, diabetes, stroke, and arthritis globally that leads to high demand for screening services is the major factor driving growth of the global venous blood collection tube market. For instance, according to the World Health Organization, over 18.1 million new cases of cancer occurred in 2018 worldwide. Moreover, increasing disposable income in emerging economies and growing awareness among people regarding health are also propelling the market growth.

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Restraints:

Undermined risks associated with contamination of tubes and pricing pressure on key manufacturers are the major factors restraining growth of the global venous blood collection tube market.

Regional Insights:

North America dominates the global venous blood collection tube market due to increasing prevalence of chronic diseases and high geriatric population in the region. For instance, according to the American Cancer Society, it is estimated that there will be over 1.8 million new cancer cases in the United States by the end of 2020. Moreover, increasing governmental spending on healthcare and high awareness among people with regards to health are also fueling the market growth in the region.

Competitive Section:

Key players of the global venous blood collection tube market are Greiner Bio One, Becton Dickinson, Terumo Corporation, Sarstedt AG&Co, COvidien, F.L. Medical, Soyagreentec, Narang Medical, Biosigma, Improve Medical, Vital Diagnostics, Hongyu Medical, Gong Dong, KHB, SanLI, and CDRICH.

In August 2020, Greiner Bio One collaborated with Haematologic Technologies in order to manufacture blood collecting tubes.

In April 2020, Improve Medical’s IMPROVACUTER Gel and Clot Activator Tube and IMPROSAFE blood collection system received Food and Drug Administration registration renewal.

Market by Type

Glass
Plastic

Market by Application

Hospitals
Blood Banks
Others

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