Blood Collection Tubes Market Global Demand, Supply and Production Analysis Report 2021-2030

The Blood Collection Tubes Market size was valued at USD 1.78 billion in 2019 and is predicted to reach USD 3.42 billion by 2030 with a CAGR of 6.1% from 2020-2030.

Blood is an important indicator for the diagnosis of many vital diseases. Blood collecting tubes also known as vacutainers are used to collect blood samples for analysis. They are made up of glass or plastic and have a rubber stopper that creates vacuum seal inside the tube. This enables the extraction of exact amount of blood from the patient. It may also contain additives to stabilize and preserve the specimen before testing.

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Competitive Landscape

The blood collection tube market comprises of various market players such as Becton, Dickinson and Company, Greiner Bio One International GmbH, Streck Inc., SiO2 Materials Science, QIAGEN, McKesson Medical-Surgical Inc., FL MEDICAL s.r.l., Haemonetics Corporation, AdvaCare Pharmaceuticals, Sarstedt AG & Co. and Narang Medical Limited. Strategic alliances, acquisitions and innovations along with R&D are key strategies adopted by market players to maintain their market dominance. For instance, in January, 2020, Streck launches new blood collection tube, RNA Complete BCT. This tube maintains the cell-free RNA while limiting the release of extracellular vesicles from blood cells. Also, in December, 2019, SiO2 Materials Science launched a Blood Collection Tube called the Synergy Tube. Synergy Tube is specifically designed to optimize the recovery of nucleic acids and cancer tumour cells (CTC) from the point of blood draw.

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Market Segmentations and Scope of the Study:

The blood collection tubes market share is segmented on the basis of type, material, end user and geography. Based on type, the market is segmented into plasma separating tube, serum separating tube, heparin tubes, EDTA tubes, rapid serum tubes, and others. On the basis of material, the market is segmented into glass and plastic. The plastic segment is further bifurcated into polyethylene terephthalate, polypropylene and polystyrene. Based on end user, the market is divided into hospitals and clinics, research centres, diagnostic laboratories and others. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America holds the largest share of global blood collection tubes market at present. This is attributed to factors such as better healthcare facilities and rising incidences of blood disorders. The United States has the maximum share in this region because of favourable healthcare reimbursements, large number of patients, and developed healthcare infrastructure.

However, Asia Pacific is expected to show the fastest growth in terms market size owing to rapid expansion of healthcare industry, increased government funding and advancement in blood collection technology. Also, there is a rising disposable income along with escalating prevalence of sepsis and HAI in this region.

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