Blood Collection Tubes Market Continues Unopposed!

According to a new market report published by Transparency Market Research “Blood Collection Tubes Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023”, the North America Blood Collection Tubes market was valued at USD 300.8 million in 2014 and is anticipated to expand at a CAGR of 8.6% from 2015 to 2023 to reach USD 632.1 million by 2023.

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Blood is a vital component of the body and is used routinely in a wide range of hospital procedures. Every year millions of units of blood are donated globally and used in necessary transplantation, cancer therapies, and accident victims and for patients undergoing other forms of surgeries. Blood plays a unique role in life saving, but can also be a potential vector for infectious diseases and sometimes proves to be fatal. With the increasing prevalence of diseases, blood is a major biological sample for diagnostic purposes across the globe. Thus, blood collection is an important for diagnostics, in surgeries and for transfusion procedures.

Considerable amount of blood is collected every year for various medical purposes. It is estimated that in USA every year more than 18 million units of blood is transfused for the treatment of various hematologic diseases such as leukemia, anemia and sickle cell diseases. Blood and its components play a major role during the diagnosis and treatment procedures. Blood component therapy also plays a critical role in early diagnosis of various diseases such as dengue, cancer and thalassemia. It has also been cited that many surgeries get cancelled due to defects in blood collection equipment. Thus, collectively, the demand for blood and blood components have driven the growth prospects for development of improved blood collection equipment including blood collection tubes.

The demand for blood collection tubes is continuously increasing in the developed regions such as North America due to rise in aging population and prevalence of diseases, as blood testing is required in diagnostics. Moreover, increasing government initiatives and reimbursement policies have propelled the market for blood collection tubes in North America.

The North America blood collection tubes market is segmented by tube type and by geography. The market by tube type includes serum separating tubes, plasma separating tubes, EDTA tubes, heparin tubes, rapid serum tubes and other tubes. The serum separating tubes account for considerable share of the market. Geographically, the market has been studied and estimated for North America region including the U.S. and Canada.

Major players in this market are Becton, Dickinson & Company (U.S.), Greiner Group AG (Austria), Sarstedt AG & Co. (Germany), QIAGEN N.V. (Germany), Terumo Corporation (Japan) and FL Medical srl (Italy).

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This release was published on openPR.