Blood Collection Tubes Market Outlook, Key Market Drivers, Overview, Share And Report 2024 - 2033

The blood collection tubes market size has grown strongly in recent years. It will grow from $6.21 billion in 2023 to $6.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increased prevalence of chronic diseases, growing aging population, rise in blood donation and screening programs, global blood transfusion needs.

The blood collection tubes market size is expected to see strong growth in the next few years. It will grow to $8.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing demand for point-of-care testing (poct), expanding applications in personalized medicine, rapid growth in biotechnology and life sciences, emergence of non-invasive diagnostics, global health crisis preparedness. Major trends in the forecast period include technological innovations in tube design, advancements in healthcare technology, integration of safety features, customization for specific tests, preanalytical automation.

Market Overview -
Blood collection tubes refer to sterile glass or plastic test tubes with colored rubber or plastic cap. It is a specialized tube used for the collection and transport of blood specimens for laboratory analysis.

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Rising Chronic Disease Prevalence Drives Surge In Blood Collection Tube Market
The increase in the prevalence of chronic diseases is driving the growth of the blood collection tube market going forward. Chronic diseases are long-term medical conditions that usually progress slowly. Some common examples of chronic diseases including diabetes, cancer, and tuberculosis are tested through blood collection and sampling. Due to poor lifestyle and exposer to risk behaviors such as use of tobacco and being around smoke, poor nutrition, including meals heavy in salt and saturated fats and deficient in fruits and vegetables inactivity in the body, there is constant increase in incidences of infectious diseases and their diagnostics activities is expected to boost the utilization of blood collection devices. For instance, according to the world health organization (WHO), in 2021, an estimated of 10.6 million people are infected with tuberculosis globally, and 1.6 million died. Further, 1.5 million people acquired HIV in 2021 while 650,000 people lost their lives due to it. Therefore, the increase in the prevalence of chronic diseases is expected to boost demand for blood collection tubes during the forecast period.

Competitive Landscape -
Major companies operating in the blood collection tubes market report are Becton Dickinson and Company, Greiner AG, Qiagen NV, Sarstedt AG & Co. KG, Terumo Corporation, FL Medical SRL, AdvaCare Pharma, Cardinal Health Inc., Haematonics, Narang Medical Limited, Chengdu Rich Science Industry Co. Ltd., DWK Life Sciences, Fresenius Kabi AG, Grifols S.A., Hindustan Syringes & Medical Devices Ltd., Sekisui Chemical Co. Ltd., InterVacTechnology Inc., Advin Health Care, MB Plastic Industries, Biota, Nipro Medical Corporation, Bioscientifica Ltd., CML Biotech Pvt. Ltd., CDRICH Corporation, Biosigma Srl, VWR International LLC, Abbott Laboratories Inc., Danaher Corporation, Medline Industries Inc., Owens & Minor Inc.

Blood Collection Tube Market Driven By Technological Advancements
Technology advancement is a key trend gaining popularity in the blood collection tube market. Major companies operating in the blood collection tube market are developing new technologies to meet fast-growing industry demand and enhance their business presence across the globe. For instance, in June 2022, Rhinostics Inc., a US-based medical device manufacturing company, launched an automated sample collection technology with the launch of the patent-pending Veristic collection device focused on small-volume blood collection. The Veristic is ideal for use in at-home and clinician-assisted collection methods and is a highly efficient, high-throughput replacement for antibody, hormone and protein detection, sexually transmitted infections (STIs), dried blood spot (DBS) cards, genetic testing, clinical trials, and other applications enabled by a simple finger prick collection.

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Key Segments -

The blood collection tubes market covered in this report is segmented -
1) By Product Type: Plasma Seperating Tube, Serum Seperating Tube, Heparin Tubes, EDTA Tubes, Rapid Serum Tubes, Other Product Types
2) By Material: Glass, Plastic
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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