Capillary Blood Collection Devices Market to Witness a Pronounce Growth of US$ 2.4 Billion by the end of 2027

The capillary blood collection devices market is anticipated to grow from a valuation of US$ 1.8 billion in 2022 to US$ 2.4 billion by the end of 2027, expanding at a CAGR of 6%. Owing to its widespread use, simplicity of use and disposal, and affordability, sales of plastic capillary blood collection devices are expected to increase at a higher CAGR of 6.2%.

The market for capillary blood collection devices is driven by increasing rates of infectious and non-communicable diseases as well as an increase in accidents. A lesser blood sample means a lower danger of contamination, which is another factor driving the demand for capillary blood collection systems.

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Key Pioneers

• Bruker Corp.
• Spectrum Dynamics Medical Inc.
• Nipro Corp.
• PerkinElmer Inc.
• Shanghai United Imaging Healthcare Co. Ltd.
• Engineering GmbH
• Koninklijke Philips NV
• Mediso Ltd.
• Canon Inc.
• Carl Zeiss AG
• MILabs BV
• MR Solutions Ltd.
• General Electric Co.
• Heidelberg
• Neusoft Medical Systems Co. Ltd.
• Siemens AG
• Topcon Corp.
• TriFoil Imaging

Key Takeaways from Market Study

• The global capillary blood collection devices market is currently valued at US$ 1.8 billion.
• Sales of capillary blood collection devices are expected to rise at a CAGR of 6% through 2027.
• Market in Canada is anticipated to expand at a CAGR of 5.3% over the forecast period.
• Demand for stainless steel capillary blood collection devices is predicted to increase at a CAGR of 5.4% from 2022 to 2027.
• Market in Germany is set to increase at a CAGR of 4% through 2027.

"Increasing adoption of plastic capillary blood collection devices, growing acceptance of PoC diagnostics, sharp increase in the prevalence of infectious diseases, rapid urbanization, antibiotic resistance, and rising initiatives by government organizations for the development of capillary blood collection devices are factors driving market expansion," says a Fact.MR analyst

Winning Strategy

Top manufacturers are focused on the development of blood sampling devices to enhance comfort and provide advanced protection to customers. Some of the top market participants have a significant regional presence in terms of operating facilities and distribution networks.

As the demand for routine blood tests increases, key companies are embracing new, innovative technologies to create equipment that people may use themselves.

For instance,

• Recently, Greiner Bio-One acquired Vacuette Portugal and Vacuette España. Greiner's blood collection products will have a wider commercial distribution network in Portugal and Spain as a result of this acquisition.
In the case of young children, capillary blood collection devices are mostly used because it is difficult to collect blood from newborns. Contrary to arterial and venous blood, capillary blood can be drawn from a variety of body parts. Scarring from numerous blood draws in diabetic patients is reduced by employing capillary blood collection devices.

More people are using quick PoC diagnostics and capillary blood collection technology. PoC diagnostics in combination with the capillary blood draw procedure have become the standard testing modality in ambulatory and remote health settings. The method for taking capillary blood has been used most commonly to measure the levels of glucose. It is ideal for home diagnosis and testing because of its ease of use and less invasiveness, which is assisting market expansion.

Workflow Optimization

• By Product :

o Lancets
o Micro-container Tubes
o Micro-hematocrit Tubes
o Warming Devices
o Others

• By Material :

o Plastic
o Glass
o Stainless Steel
o Ceramic
o Others

• By Application :

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

• By End User :

o Hospitals & Clinics
o Blood Donation Centers
o Diagnostic Centers
o Home Diagnosis
o Pathology Laboratories

• By Region :

o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

Predominant Questions Answered in This Report Are:

1. Which segments will perform well in the products and services market over the forecasted years?
2. In which markets companies should authorize their presence.
3. What are the forecasted growth rates for the products and services market?
4. What are the long-lasting defects of the industry?
5. How share market changes their values by different manufacturing brands?
6. What are the qualities and shortcomings of the key players?
7. What are the major end results and effects of the five strengths study of industry?

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

This release was published on openPR.