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Blood Collection Tubes Market to Reach USD 3.6 Billion by 2032, Up from USD 2.3 Billion in 2023 - TMR

Blood Collection Tubes Market to Reach USD 3.6 Billion by 2032, Up

The global blood collection tubes market, valued at US$ 2.3 billion in 2023, is projected to reach US$ 3.6 billion by the end of 2032, expanding at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2032. The market's growth is primarily driven by an increase in the prevalence of chronic diseases, a rising number of surgeries, and the growing popularity of EDTA tubes, which are essential in clinical hematology and other blood tests.

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Analyst Viewpoint

The surge in chronic diseases such as cancer, Chronic Obstructive Pulmonary Disease (COPD), and tuberculosis (TB) is significantly boosting the demand for blood collection tubes. The World Health Organization (WHO) reported that in 2022, 1.3 million people died from TB, highlighting the crucial need for efficient blood collection and testing methods. Additionally, the popularity of EDTA tubes, known for preventing blood clotting by binding calcium, is expected to further bolster market growth. These tubes are particularly vital for full blood counts and other hematology procedures.

Market Introduction

Blood collection tubes are critical in the medical field for the collection, handling, and processing of blood samples. They ensure the integrity of blood samples for diagnostic examinations, including the analysis of plasma, serum, and whole blood. The tubes contain various additives or anticoagulants that prevent clotting, protect biological components, and preserve the properties of the blood sample. This is particularly important for tests requiring specific blood components, such as serum or plasma, enabling the separation of liquid and cellular components for diverse analyses.

Key Market Drivers

Increase in Prevalence of Chronic Diseases

The rising incidence of chronic diseases necessitates numerous blood tests for diagnosis and monitoring, thereby increasing the demand for blood collection tubes. Chronic conditions such as cancer and diabetes, along with infectious diseases like TB, significantly contribute to the market's growth. For instance, in 2022, 10.6 million people globally contracted TB, underscoring the need for efficient diagnostic tools.

Rise in Popularity of EDTA Tubes

EDTA tubes are extensively used in clinical hematology to prevent blood clotting and maintain the stability of blood samples. They are crucial for various hematology procedures, including blood transfusions and ablation therapy. A 2022 report from the National Library of Medicine highlighted EDTA's effectiveness in stabilizing platelet-derived extracellular vesicles, making it a recommended anticoagulant for research involving extracellular vesicles.

Regional Outlook

The Asia Pacific region held the largest market share in 2023, driven by the high prevalence of chronic diseases such as diabetes and thyroid disorders. The region's growing aging population further propels market growth. In India, for example, 42 million people suffer from thyroid disorders, significantly increasing the demand for blood tests.

Competitive Landscape and Key Developments

Key players in the blood collection tubes market are focusing on improving outcomes for sepsis patients and developing products that maintain cell-free RNA concentration while limiting the release of extracellular vesicles. Companies such as BD, Greiner AG, Terumo Corporation, Abbott, Cardinal Health Inc., and Qiagen are leading the market with innovations and advancements in blood collection technologies.

Recent developments include:

Immunexpress Pty Ltd. launching SeptiCyte RAPID EDTA blood-compatible cartridges for the European market in August 2022.
Abacus dx introducing RNA Complete BCT to Streck's blood collection tube portfolio in February 2022.

Market Segmentation

By Product Type

Plasma Separation Tubes
Serum Separating Tubes
Heparin Tubes
EDTA Tubes
Others
By Material Type

Plastic (PET, PP, PS, Others)
Glass
By End-use

Healthcare Centers
R&D Centers
Diagnostic Centers
By Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Conclusion

The global blood collection tubes market (mercato delle provette per la raccolta del sangue) is poised for significant growth over the next decade, driven by the rising prevalence of chronic diseases and advancements in blood collection technologies. The increasing demand for EDTA tubes and other specialized products is expected to further boost market expansion, with key players continuously innovating to meet the evolving needs of the healthcare industry.

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About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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