Blood Collection Tubes Market : Popular Trends & Technological Advancements To Watch Out For Near Future; Global Industry Analysis 2023

The blood collection tubes market of North America has observed considerable changes in terms of design and constituent materials of collection tubes in the past few years. The adoption of plastic tubes is rising at a considerable pace across all end-use segments and glass vials are being phased out rapidly. Serum separator tubes are witnessing increased adoption as the number of serum samples being collected is rising at a considerable pace in the region.

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The rapid rise in the region’s geriatric population and a continuous rise in complex surgeries owing to the rising prevalence of chronic diseases such as a number of cancers and cardiovascular conditions. The vast surge in screening tests for a number ailments, rising demand for automation in the process of blood collection, and the positive outlook for the implementation of new blood collection techniques are collectively having a major influence on the North America blood collection tubes market. The highly consolidated market is witnessing vigorous efforts from manufacturers to devise new, safe, and improved blood collection technologies.

Transparency Market Research states that the North America blood collection tubes market will expand at a healthy CAGR of 8.6% from 2015 to 2023. At this pace, the market, which had a valuation of US$300.8 mn in 2014, will rise to US$632.1 mn by 2023.

Serum Tubes to See Rapid Growth in Demand

Serum tubes are anticipated to witness the highest demand in North America over the next few years, owing majorly to the vast surge in serum samples being collected and used for a number of diagnostic applications in the region. As a result, the products types of serum separating tubes and rapid serum tubes will collectively account for a substantial share in the overall market in the next few years.

The segment of serum separating tubes accounted for a nearly 40% share in the North America blood collection tubes market in 2014. It is expected to expand at an 8.9% CAGR from 2015 to 2023 and rise to a valuation of US$256.0 mn by 2023. On the other hand, the segment of rapid serum tubes, is expected to expand at a higher CAGR of 9.5% in the market over the period between 2015 and 2023. Rapid serum tubes will witness increased popularity as they enable improved workflow and throughput.

U.S. Emerges as Clear Leader

The market for blood collection tubes in North America is led by the U.S., which accounted for over 80% share in the market in 2014. The rapid rise in the country’s geriatric population is considered to be the major factor increasing the demand for effective diagnostic methods and intricate surgeries. As blood collection tubes play a central role in these two areas, their demand has also surged in the country in the past few years. Moreover, government initiatives aimed at improving healthcare facilities in the country as well as making healthcare services wide-reaching and affordable (the Patient Protection Affordable Care Act (PPACA) introduced in March 2010, for instance) have also enabled the U.S. blood collection tubes market take the top spot.

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The competitive landscape of the market features intense consolidation, with the topmost vendor, Becton Dickinson and Company, accounting for over 90% of the market in 2014. Other leading players in the market are companies such as Terumo Corporation and Qiagen N.V.

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This release was published on openPR.