Press release
Serum Separation Gel Market Size, Share, Industry, Forecast and outlook (2024-2031)
DataM Intelligence
The global serum separation gel market is poised to exhibit a steady Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period spanning from 2024 to 2031.
Serum separation gels, pivotal substances facilitating the separation of blood clots from serum with enhanced stability and consistency, are anticipated to witness escalating demand for reducing clinical test outcomes. These gels predominantly find applications in serum separation tubes (SSTs), instrumental in collecting blood samples for clinical chemistry testing.
Market Dynamics
The market is expected to be primarily propelled by a surge in the number of blood banks globally. Serum separation tubes (SSTs), comprising polymer gel and spray-coated silica for efficient serum separation, are extensively utilized in various diagnostic tests including serology, chemistry, and immunology. The proliferation of blood banks, as evidenced by approximately 2,400 institutions across community, regional, and ARC blood centers, hospital blood banks, and hospital transfusion services in the US alone, is slated to amplify the demand for serum separation gels in the forecast period.
However, the market growth may face hindrances owing to the high cost associated with serum separation gel tubes, disruptive technologies impeding polymer synthesis for gel production, and complexities in clinical assays due to slow gel composition interacting with blood components.
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COVID-19 Impact Analysis
The global COVID-19 pandemic has induced disruptions across various sectors, including healthcare. While there has been a reduction in blood transfusion activities, including blood donations and demands in health facilities, measures to regain donor confidence and ensure safe blood donation have yielded positive results. Additionally, the pandemic's consistent spread has posed challenges to the supply chain, although its long-term impact on the serum separation gel market's primary growth trajectory is deemed minimal.
Segment Analysis
The serum separation gel integrated with tube segment is anticipated to dominate the market, holding the largest share due to its resistance to irradiation, minimal interference with clinical test results, and convenience in sample handling.
Geographical Insights
North America emerged as the frontrunner in the global serum separation gel market in 2020, attributed to the rising prevalence of hematological disorders and infectious diseases, increased investments in research & development, and the preference for gel tubes in thyroid function testing. Furthermore, the region's inclination towards digital healthcare services for personalized health and fitness access further contributes to its market dominance.
Competitive Landscape
Key players driving the serum separation gel market include Cardinal Health, Inc., InterVacTechnology OU, Becton Dickinson & Company, Greiner Bio-One International GmbH, Sekisui Diagnostics, Art Robbins Instruments, LLC, Hunan Liuyang Medical Instrument Factory, Chongqing New World Trading Co., Ltd., and Caremax Co., Ltd.
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