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Serum Separation Gel Market Size, Share, Growth Trends & Forecast 2024-2033 | Key Players & Outlook
Serum Separation Gel Market Size
According to The Business Research Company's, The serum separation gel market size has grown strongly in recent years. It will grow from $8.22 billion in 2023 to $8.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to the surge in the current healthcare expenditure, increased demand for diagnostic testing, growth of the healthcare industry, expansion of research and development activities, and rise in prevalence of chronic diseases.
The serum separation gel market size is expected to see strong growth in the next few years. It will grow to $12.58 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to the increasing incidence of hematologic disorders, emphasis on point-of-care testing, increased number of contract research organizations, expansion in emerging markets, and demand for personalized medicine. Major trends in the forecast period include personalized medicine applications, development of novel gel formulations, increased focus on eco-friendly and sustainable practices, integration with digital health technologies, and growth in research for infectious disease diagnostics.
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Market Drivers and Trends:
The rising demand for diagnostic testing is expected to propel the growth of the serum separation gel market going forward. Diagnostic testing refers to the process of identifying diseases or conditions in individuals through the analysis of biological samples, such as blood or tissue, to determine the presence or absence of specific markers or abnormalities. The demand for diagnostic testing is rising because it helps in detecting diseases at early stages when treatment is most effective, as well as in preventive healthcare measures to assess risk factors and guide interventions. The serum separation gel is utilized in diagnostic testing to separate serum from blood cells, enabling accurate analysis of biochemical markers and the detection of various diseases. For instance, in March 2024, according to the House of Commons, a UK-based government office, there was a 13% increase in diagnostic tests in January 2024, compared to January 2020. Therefore, the rising demand for diagnostic testing is driving the growth of the serum separation gel market.
Major companies operating in the serum separation gel market are focused on developing novel product solutions, such as serum fast separator tubes, to gain a competitive edge in the market. A serum fast separator tube refers to a tube designed with a specialized gel or clot activator additive that facilitates rapid separation of serum from whole blood following centrifugation. For instance, in May 2023, Greiner Bio-One, an Austria-based biotechnology company, launched VACUETTE CAT Serum Fast Separator. It facilitates complete coagulation of the whole blood sample in approximately 5 minutes, providing a significant time benefit over standard serum tubes. The interior of the shatter-resistant VACUETTE CAT Serum Fast Separator Tube is covered with blood clot activator and thrombin. The tube contains a gel that serves as a durable barrier between the serum and the solid components. Thrombin, in addition, accelerates the clotting process in blood samples.
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Major Key Players of the Market:
Cardinal Health Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Becton Dickinson and Company, Corning Incorporated, Bio-Rad Laboratories Inc., Qiagen NV, Bio-Techne Corporation, Greiner Bio-One International GmbH, Sarstedt AG & Co. KG, Sekisui Diagnostics LLC, InterVac Technology Corporation, BioVision Inc., Deltalab S.L., Narang Medical Limited, Biosigma S.p.A., BIOSIGMA S.r.l., Helena Biosciences, FL Medical Srl, Kabe Labortechnik GmbH
Serum Separation Gel Market 2024 Key Insights:
• The serum separation gel market size is expected to see strong growth in the next few years. It will grow to $12.58 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
• Rising Demand For Dignostic Testing Is Driving The Serum Separation Gel Market
• Introduction Of Serum Fast Separator Tubes In Advancing Blood Sample Processing
• North America was the largest region in the serum separation gel market in 2023
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