Asia-Pacific Capillary Blood Collection and Sampling Devices Treatment Market is expected to reach USD 868.33 million by 2030

Some of the important objectives of the dependable Asia-Pacific Capillary Blood Collection and Sampling Devices Treatment report can be mentioned here as; study and forecast the market size in the worldwide market. Study and compare the market status and forecast between major regions, namely, US, Europe, China, Japan, India, Southeast Asia, and rest of the world. Additionally, it defines, explains and forecasts the market by various segments such as type, application, end-use, and region. The report analyzes the market key players via SWOT analysis, value and worldwide market share for leading players. Asia-Pacific Capillary Blood Collection and Sampling Devices Treatment market document gives answers to many of the critical business questions and challenges and proves to be a go-to solution.

The leading Asia-Pacific Capillary Blood Collection and Sampling Devices Treatment business report studies market risk, market overview, and market opportunities. It also evaluates the leading manufacturers of the global market which consists of its revenue, sales, and price of the products. Furthermore, this document presents global market by regions, market share and with revenue and sales for the projected period. The report displays the competitive nature among key manufacturers, with market share, revenue, and sales. Asia-Pacific Capillary Blood Collection and Sampling Devices Treatment market report also evaluates the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Data Bridge Market Research analyses that the capillary blood collection and sampling devices treatment market, which is USD 494.18 million in 2022, is expected to reach USD 868.33 million by 2030, at a CAGR of 7.3% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Drivers

Increase in demand for safe blood collection technologies
Clinical diagnostics are important in many medical fields and in healthcare delivery. Blood sample collection is critical to laboratory activities because millions of blood samples are collected each year for chemical and haematological testing to diagnose diseases. The risky practise of blood collection, also known as phlebotomy, can have serious consequences for patients, including fainting, pain at the puncture site, nerve damage, and hematoma. Due to a shortage of skilled professionals, poor venipuncture practise has injured anatomical structures near the point of needle entry.

Furthermore, capillary blood testing requires less blood volume and is quick and simple to perform. Physicians and patients prefer capillary blood sampling due to the advantages it has over venous blood sampling. As a result, there is a greater demand for more efficient capillary collection devices, which serves as a market driver.

The rising availability of POC diagnostics
Point-of-care testing is diagnostic testing performed at the bedside of patients in their homes. It can also be done at any time and from any location. As a result, it is also known as bedside testing. Previously, testing was limited to the laboratories to which the specimen was sent, and obtaining the sample could take anywhere from hours to days. It not only saves time, but it also enables clinicians to provide quality and effective patient care in the patient's home. Because of its advantages, point-of-care diagnostics is becoming more popular.

According to various reports, the total value of the capillary blood collection and sampling devices treatment market was USD 40-45 billion, with POC diagnostics contributing USD 12-13 billion.

The demand for POC testing has increased as health awareness, and the incidence of infectious diseases has increased. Traditional arterial and venous blood collection methods are painful and invasive, with a higher risk of needlestick injuries and contamination if not performed by trained personnel. On the other hand, the capillary blood collection method is less invasive, causes less pain, and has few side effects. Furthermore, it does not necessitate the use of skilled professionals; thus, it is a point care testing technique. Capillary collection devices have advanced in tandem with the rise in POC testing.

Opportunities

Product innovation and technological advancements in capillary blood collection devices
Blood collection is an essential step in the delivery of healthcare. 70% to 80% of clinical decisions are made based on blood sample analysis. Many companies are using safer, easier, and more efficient methods to collect blood samples, thanks to the growing trend of blood collection innovation. For pharmacy clinics, capillary blood sampling is an excellent technique. This method is preferred over venipuncture due to its ease of use and safety; it also eliminates the need for skilled technicians. One disadvantage of finger sticks is that the blood droplets vary in size. This problem can be solved by introducing new and innovative products.

For instance- TAP, the world's first device that draws blood with a push button, was introduced by Seventh Sense Biosystems. This device is worn on the upper arm and draws blood with the push of a button. This makes high-quality lab testing more convenient and cost-effective.

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Asia-Pacific Capillary Blood Collection and Sampling Devices Treatment Market Scope
The capillary blood collection and sampling devices treatment market is segmented on the basis of product, modality, mode of administration, application, platform, procedure, age group, test type, technology, material, end user, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Blood Sampling Devices
Capillary Blood Collection Devices
Rapid Test Cassette
Remote Capillary Blood Collection Device
Wearable Capillary Blood Collection Device
Modality

Manual Sampling
Automated/Autoinjection Sampling
Mode of Administration

Puncture
Incision
Application

Cardiovascular Disease
Infection and Infectious Disease
Respiratory Diseases
Cancers
Rheumatoid Arthritis
Others
Platform

Enzyme Immunoassay Platform (Elisa Platform)
PCR Platform
Lateral Flow Immunoassay Platform
ELTABA Platform
Others
Procedure

Conventional
Point of Care Testing
Age Group

Geriatrics
Infant
Pediatric
Adult
Test Type

Whole Blood Test
Dried Blood Spot Tests
Plasma/Serum Protein Tests
Liver Panel/Liver Profile/Liver Function Tests
Comprehensive Metabolic Panel (CMP) Tests
Others
Technology

Volumetric Absorptive Microsampling
Capillary Electrophoresis-Based Chemical Analysis
Others
Material

Plastic
Glass
Stainless Steel
Ceramic
End User

Laboratories
Home Care Setting
Distribution Channel

Direct Tender
Retail Sales
Others

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Some of the major players operating in the capillary blood collection and sampling devices treatment market are:

B.D. (U.S.)
Terumo BCT Inc. (U.S.)
Fresenius KABI AG (Germany)
Grifols S.A. (Spain)
Nipro Medical Corporation (U.S.)
Greiner AG (Austria)
Quest Diagnostics Incorporated (U.S.)
Mitra Industries Private Limited (India)
SARSTEDT AG & Co. KG (Germany)
CML Biotech (India)
Macopharma (France)
Neomedic Limited (U.S.)
Haemonetics Corporation (U.S.)
ICU Medical, Inc. (U.S.)
SB-KAWASUMI LABORATORIES, INC. (Japan)
Retractable Technologies Inc. (U.S.)

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