Press release
Robust Growth on the Horizon: Global Blood Collection Tubes Market Poised to reach $9.75 billion by 2029, Propelled by Chronic Disease Prevalence and Technological Advancements
Forecasted to grow at a compound annual growth rate (CAGR) of 8.9% from 2025 to 2029, the global blood collection tubes market is set to make significant strides.What Is The Projected Market Size Of The Global Blood Collection Tubes Market And Its Growth Rate?
• The previous surge from $6.5 billion in 2024 to $6.93 billion in 2025 at a CAGR of 6.6% has positioned the market on an upward trajectory.
• The growth in the historic period is attributed to animal feed industry growth, effective nutrient source, waste utilization in abattoirs, organic fertilizer production, and meat and poultry production expansion.
• By the end of 2029, the forecasted market size stands at $9.75 billion with a CAGR of 8.9%, largely propelled by global population growth, the growing aquaculture industry, expansion of insect farming, applications in biomedical research, and the market expansion for organic products.
What Is Driving The Growth In The Blood Collection Tubes Market?
The growth in this market is majorly driven by the increase in chronic disease prevalence. Long-term medical conditions such as cancer, tuberculosis, and diabetes are tested through blood collection and sampling. This, coupled with poor lifestyle habits and exposure to risky behaviors such as tobacco use and poor nutrition, leads to an increase in the incidences of infectious diseases. As a result, diagnostic activities are spiking, driving the usage of blood collection devices. The World Health Organization estimates over 35 million new cancer cases by 2050, marking a 77% increase from estimated 20 million cases in 2022. This prevalence of chronic diseases is expected to fuel the demand for blood collection tubes during the forecast period.
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Who Are The Key Players Driving Blood Collection Tubes Market Growth?
Major companies operating in the blood collection tubes market include:
• 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
What Are The Key Trends In The Blood Collection Tubes Market?
Some noticeable trends in the global blood collection tubes market are:
• Technological advancements in processing
• Research and development in animal nutrition
• Research in blood meal-based biostimulants
• Organic and non-GMO trends
• Development of hydrolyzed blood meal
What Are The Segments Of The Global Blood Collection Tubes Market?
The blood collection tubes market can be segmented as follows:
• Product Type: Plasma Separating Tube, Serum Separating Tube, Heparin Tubes, EDTA Tubes, Rapid Serum Tubes, and Other Product Types
• Material: Glass, Plastic
• End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
Which Region Leads The Blood Collection Tubes Market?
In 2024, North America was the most dominant region in the global blood collection tube market. However, during the forecast period, the Asia-Pacific region is expected to register the fastest growth. The global market report encompasses the regions of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Blood Collection Tubes Market Global Market Report?
- Market Size Analysis: Analyze the Blood Collection Tubes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blood Collection Tubes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blood Collection Tubes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blood Collection Tubes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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