Capillary Blood Collection Devices Market is Estimated to Reach USD 2.88 Billion By 2030: Cognitive Market Research

Global Capillary Blood Collection Devices Market Overview:
A capillary blood collection device is a tool used to collect a small amount of blood from a fingertip or other body part. These devices are used in medical facilities for a variety of purposes, including glucose monitoring, cholesterol testing, and blood gas analysis. The capillary blood collection device is designed to be easy to use and disposable. They usually consist of a sterile lancet or needle that is used to puncture the skin to create a small amount of blood, which is then collected with a dropper or other collection device.

Summary:
• As per the study of CMR, the Global Capillary Blood Collection Devices Market Size Was Valued at USD 1.76 Billion In 2022 And is Expected to Grow at a CAGR Of 6.3 % During the Forecast Period, Reaching USD 2.88 Billion By 2030.
• Increasing incidences of chronic diseases along with growing demand for medical devices to minimize pain and discomfort for the patient is the major driving factor for the growth of the capillary blood collection devices market.
• North America is expected to dominate the capillary blood collection devices market during the forecast period.
• Based on end-user, the hospital segment held a significant share in 2022 owing to the capillary blood collection devices being designed to minimize the discomfort of blood sampling in the hospital.

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What are the driving factors for the capillary blood collection devices market?
Increasing incidences of chronic diseases along with growing demand for medical devices to minimize pain and discomfort for the patient is the main driving factor contributing to the growth of the capillary blood collection devices market during the forecast period. Capillary blood collection devices are majorly useful for testing blood glucose levels in people with diabetes, as they provide a quick and easy way to monitor blood sugar levels. Additionally, the Rise in R&D activities for medical treatments has driven market growth over the forecast period.
However, there may be limitations in the accuracy and precision of capillary blood collection devices compared to traditional devices that may obstruct the growth of the market in near future. Further, recent advancements in telehealth and remote monitoring are expected to create great opportunities for the market during the forecast period.

Market Segmentation:
Global capillary blood collection devices market procedure type segmentation:
• Point-of-Care Testing
• Neonatal Screening
• Blood Examination
• Others
The point-of-care testing segment is a major revenue contributor in terms of procedure type. Point-of-care testing (POCT) is medical diagnostic testing performed near the site of patient care, such as a physician's workplace or bedside. Capillary blood collection devices are a type of medical device used to obtain small blood samples for testing. POCT and capillary blood collection devices can offer rapid and convenient diagnostic testing in a variety of settings.

Global capillary blood collection devices market end-user segmentation:
• Blood Banks
• Hospitals
• Diagnostic Centers
• Others
Based on end-user, the hospital segment held a significant share in 2022 owing to the capillary blood collection devices being designed to minimize the discomfort of blood sampling in the hospital. Diagnostic tests are used to monitor chronic conditions such as diabetes and cardiovascular disease, as well as to screen for conditions such as anemia and infections in hospitals.

Global capillary blood collection devices market material segmentation:
• Plastic
• Glass
• Stainless Steel
• Ceramic
• Others

Global capillary blood collection devices market application segmentation:
• Whole Blood
• Comprehensive Metabolic Panel (CMP) Tests
• Liver Panel / Liver Profile / Liver Function Tests
• Plasma / Serum Protein Tests
• Dried Blood Spot Tests

Competitive Analysis of Capillary Blood Collection Devices Market: F. Hoffmann-La Roche, Danaher Corporation, Abbott Laboratories, Novo Nordisk, Becton Dickinson and Company, Medtronic, B. Braun Melsungen, Thermo Fisher Scientific, Terumo Corporation, Ypsomed Holding, HTL-STREFA, Sarstedt

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North America is expected to dominate the capillary blood collection devices market during the forecast period.
As per CMR analysis, North America is expected to dominate the capillary blood collection devices market during the forecast period. The growth of the market is significantly growing in the region due to the increasing use of diabetes management devices in a hospital setting and a growing number of chronic diseases. In North America, capillary blood collection devices are increasingly used in healthcare settings for a wide range of diagnostic purposes, particularly for monitoring blood glucose levels in people with diabetes. These devices are available for purchase over the counter and can be used by patients remotely.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Capillary Blood Collection Devices Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Capillary Blood Collection Devices Market Segmentation
1.5.1 Capillary Blood Collection Devices Market Regional Fragmentation
1.5.1 Capillary Blood Collection Devices Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Capillary Blood Collection Devices Market
• 3.1 Global Capillary Blood Collection Devices Market Size 2018 - 2030, (USD Million)
• 3.2 Global Capillary Blood Collection Devices Value, Absolute & Opportunity Analysis
• 3.3 Global Capillary Blood Collection Devices Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Capillary Blood Collection Devices Market Statistics 2022: Snapshot
Chapter 4 Global Capillary Blood Collection Devices Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Capillary Blood Collection Devices Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Capillary Blood Collection Devices Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Capillary Blood Collection Devices Market by End User Segmentation Analysis (2018-2030)
Chapter 12 Global Capillary Blood Collection Devices Market by Material Segmentation Analysis (2018-2030)
Chapter 13 Global Capillary Blood Collection Devices Market Regional Analysis
Chapter 14 North America Capillary Blood Collection Devices Market Outlook (2018 - 2030)
Chapter 15 Europe Capillary Blood Collection Devices Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Capillary Blood Collection Devices Market Outlook (2018 - 2030)
Chapter 17 Latin America Capillary Blood Collection Devices Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Capillary Blood Collection Devices Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
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Related Report:
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• Blood Testing Devices Market- https://www.cognitivemarketresearch.com/blood-testing-devices-market-report
• Capillary Blood Collection Tubes Market- https://www.cognitivemarketresearch.com/capillary-blood-collection-tubes-market-report
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