Asia Pacific Self-sampling Blood Collection and Storage Devices Market Forecast 2031: Rising Demand for Decentralized Diagnostics Driving Market Growth | Transparency Market Research, Inc

The Asia Pacific self-sampling blood collection and storage devices market was valued at USD 20.5 million in 2022 and is projected to grow at a CAGR of 10.0% from 2023 to 2031, reaching USD 48.1 million by the end of 2031. This growth is driven by increasing demand for preventive healthcare and advancements in self-sampling technologies, which have revolutionized healthcare by enabling individuals to conveniently collect and store blood samples for diagnostic testing from the comfort of their homes.

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Analysts' Viewpoint:

The Asia Pacific self-sampling blood collection and storage devices market is witnessing significant expansion due to the rising prevalence of chronic diseases and blood-related disorders in the region. The COVID-19 pandemic has also driven the adoption of remote and self-testing solutions, further propelling market growth. This shift to home-based health monitoring is likely to offer substantial opportunities for players in the self-sampling blood collection industry.

Market Introduction:

Self-sampling blood collection devices allow individuals to independently collect and store blood samples for diagnostic purposes, without the need for healthcare professional intervention. This market has gained significant traction due to the increased emphasis on preventive healthcare, early disease detection, and the growing trend of at-home health monitoring.

Technological advancements, such as the integration of smartphone applications and wearable devices, have played a pivotal role in improving the accessibility and ease of use of self-sampling blood collection and storage devices.

Key Drivers of Market Growth:

Prevalence of Blood-related Disorders and Chronic Diseases: The growing burden of diseases such as chronic hepatitis B and C infections, anemia, blood cancers (e.g., leukemia, lymphoma), and sexually transmitted infections is driving the demand for efficient diagnostic solutions, particularly in regions like Southeast Asia and China. For instance, anemia, especially iron-deficiency anemia, affects a large number of women and children in Southeast Asia, pushing the need for frequent monitoring.

Technological Advancements in Blood Collection and Storage: Innovations such as Volumetric Absorptive Microsampling (VAMS) devices and Dried Blood Spots (DBS) have made blood collection safer, more precise, and easier to perform at home. These devices are particularly useful in the diagnosis of HIV, HCV, and HBV, and are being explored for SARS-CoV-2 and other infectious diseases.

Post-COVID-19 Adoption Surge: The pandemic significantly shifted healthcare practices, promoting the use of telehealth and remote testing solutions. Self-sampling blood collection devices offer a safer alternative to traditional blood draws, reducing the risk of virus transmission. The rise in telemedicine and remote healthcare monitoring has fueled the demand for these devices.

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Market Segmentation:

By Product:

Collection Devices: The collection devices segment is expected to dominate the market due to their widespread use for safe and convenient at-home blood collection. These devices are designed to allow individuals to collect blood samples without needing healthcare professionals.

Others: This segment includes complementary tools and accessories used alongside collection devices.

By Application:

Disease Management: Devices used for monitoring chronic conditions and managing disease progression.

Health & Wellness: The growing trend of self-monitoring for overall health and wellness is a major factor driving demand in this segment.

Drug Discovery & Development: Self-sampling devices are utilized in drug research to gather samples for testing and analysis.

Epidemiological Population Health Studies: These devices are also used in large-scale health studies to collect data across diverse populations.

By Customer Base:

Home Settings: The adoption of these devices for home use is expected to increase significantly due to the convenience, privacy, and affordability they offer.

Academic and Research Institutes: Research institutions use these devices for health-related studies and clinical trials.

Regional Insights:

China (Mainland and Hong Kong): China is expected to dominate the self-sampling blood collection and storage devices market in the forecast period. The country's strong healthcare infrastructure, increasing awareness of self-monitoring, and government support for preventive healthcare reforms are key factors driving market growth.

Singapore: Singapore's well-developed healthcare system, emphasis on technological advancements, and adoption of digital health solutions are contributing to the market's expansion. The country is also focusing on preventive healthcare, which supports the use of self-sampling blood collection devices.

Other Asia Pacific Regions: Countries like Japan, Taiwan, and other Southeast Asian nations are witnessing an uptick in demand for self-sampling blood collection and storage devices, primarily driven by growing healthcare needs, digital health adoption, and rising awareness of at-home health testing.

Competitive Landscape:

The Asia Pacific self-sampling blood collection and storage devices market is highly competitive, with several prominent players investing in product innovation, strategic partnerships, and expansion efforts. Key companies in the market include:

Tasso Inc.

Trajan Group Holdings Limited

Cardinal Health, Inc.

LAMEDITECH

Prenetics Global Limited

Capitainer

Drawbridge Health

Seventh Sense Biosystems

Vital Science Industry

LifeCell International Pvt. Ltd.

Hebei Xinle Science & Technology Co., Ltd.

These companies are focusing on R&D activities to introduce innovative home blood collection devices and enhance their distribution networks. Strategic collaborations and partnerships are also being pursued to cater to the increasing demand for self-sampling blood collection devices in the region.

Key Developments:

Tasso Inc. received Medical Device Single Audit Program (MDSAP) certification in May 2023, paving the way for the company to expand its market presence in countries like Australia, Canada, and the U.S.

Capitainer signed an agreement in February 2023 to provide its Quantitative Dried Blood Spot (qDBS) technology to AstraZeneca for clinical development programs.

Drawbridge Health received approval for its OneDraw Blood Collection Device from the Pharmaceutical and Medical Devices Agency (PMDA) in Japan in August 2022.

Trajan Group Holdings Limited acquired Neoteryx, LLC in January 2022 to expand its portfolio of blood microsampling devices.

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Market Forecast and Outlook:

The Asia Pacific self-sampling blood collection and storage devices market is poised for robust growth over the next few years, driven by the rise in chronic diseases, the growing adoption of self-testing solutions, and advancements in technology. With increased demand for convenient, safe, and effective healthcare solutions, self-sampling blood collection devices are expected to become an integral part of the region's healthcare landscape.

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