Blood Collection Tubes Market Growth Accelerates: Strategic Forecast Predicts $9.75 Billion by 2029

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What Will the Blood Collection Tubes Industry Market Size Be by 2025?
In recent times, the market size of blood collection tubes has seen robust growth. The market is projected to expand from $6.5 billion in 2024 to $6.93 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. Factors such as the proliferation of the animal feed industry, growth in meat and poultry production, efficient nutrient sources, usage of waste materials in slaughterhouses, and the manufacturing of organic fertilizers have contributed to this growth in the past period.

What's the Long-Term Growth Forecast for the Blood Collection Tubes Market Size Through 2029?
Anticipations are high for the blood collection tubes market size to experience robust growth in the coming years. The sector's value is projected to reach ""$9.75 billion by 2029 with a compound annual growth rate (CAGR) of 8.9%. This increase for the forecasted period is linked to factors such as the surging aquaculture industry, the growth of insect farming, the rising global population, its utilization in biomedical research, and the expansion of the organic products market. Technological advances in processing, research and development in animal nutrition, studies on blood meal-based biostimulants, trends in organic and non-GMO products, and the development of hydrolyzed blood meal, are all proposed trends that factor into this expected growth.

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What Are the Key Growth Drivers Fueling the Blood Collection Tubes Market Expansion?
The rise in the occurrence of chronic illnesses is propelling the expansion of the blood collection tube market. Chronic illnesses are usually durable medical conditions that progress slowly. Diseases such as diabetes, cancer and tuberculosis, which are common examples of chronic illnesses, are diagnosed through blood collection and sampling. Due to unhealthy living habits and risk behaviors such as tobacco use and exposure to smoke, poor diet, including salt-rich and saturated fat-laden meals, and lack of fruits and vegetables in the diet leading to inactivity, the frequency of infectious diseases is steadily rising. This, along with accompanying diagnostic activities, is anticipated to increase the use of blood collection devices. For example, the World Health Organization, a Switzerland-based agency of the United Nations, forecasted in February 2024 that there will be over 35 million new cancer cases by 2050, a 77% surge in comparison to the estimated 20 million cases in 2022. As a result, the rising prevalence of chronic diseases is likely to enhance the demand for blood collection tubes in the upcoming period.

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What Are the Key Trends Driving Blood Collection Tubes Market Growth?
The trend of technological innovation is noticeably growing in prominence in the blood collection tube market. Many leading firms in the sector are pioneering new technologies to cater to the rapidly expanding industry demands and solidify their global market position. For example, Rhinostics Inc., an American medical device manufacturer, unveiled an automated sample collection technology in June 2022. They introduced a patent-pending Veristic collection device specifically designed for minor blood collection. The Veristic device, optimized for home-based and clinician-assisted collection methods, offers a highly efficient, high-throughput alternative for antibody, hormone, and protein detection, sexually transmitted diseases (STDs), dried blood spot (DBS) cards, genetic testing, clinical trials, among other functions facilitated by a painless finger prick collection.

How Is the Blood Collection Tubes Market Segmented?
The blood collection tubes market covered in this report is segmented -

1) By Product Type: Plasma Separating Tube, Serum Separating Tube, Heparin Tubes, EDTA Tubes, Rapid Serum Tubes, Other Product Types
2) By Material: Glass, Plastic
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users

Subsegments:
1) By Plasma Separating Tube: Gel Plasma Separating Tubes, Non-Gel Plasma Separating Tubes
2) By Serum Separating Tube: Gel Serum Separating Tubes, Non-Gel Serum Separating Tubes
3) By Heparin Tubes: Lithium Heparin Tubes, Sodium Heparin Tubes
4) By EDTA Tubes: K2 EDTA Tubes, K3 EDTA Tubes
5) By Rapid Serum Tubes: Standard Rapid Serum Tubes, Clot Activator Rapid Serum Tubes
6) By Other Product Types: Blood Culture Bottles, Specialized Collection Tubes

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Which Companies Are Leading the Charge in Blood Collection Tubes Market Innovation?
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, Chengdu Rich Science Industry Co. Ltd., DWK Life Sciences, Fresenius Kabi AG, Grifols S.A., Hindustan Syringes & Medical Devices Ltd., Sekisui Chemical Co. Ltd., InterVacTechnology Inc., Advin Health Care, MB Plastic Industries, Biota, Nipro Medical Corporation, CML Biotech Pvt. Ltd., CDRICH Corporation, Biosigma Srl, VWR International LLC, Abbott Laboratories Inc., Danaher Corporation, Medline Industries Inc., Owens & Minor Inc.

Which Regions Are Leading the Global Blood Collection Tubes Market in Revenue?
North America was the largest region in the blood collection tube market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global blood collection tube market report during the forecast period. The regions covered in the blood collection tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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