Key Trends Reshaping the Blood Collection Tubes Market: Blood Collection Tube Market Driven By Technological Advancements Industry Transformation

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Blood Collection Tubes Market Size Growth Forecast: What to Expect by 2025?
The market size for blood collection tubes has seen robust growth in the past years. It is predicted to increase from $6.5 billion in 2024 to $6.87 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.7%. This upward trend in the historic period is largely due to factors such as the expansion of the animal feed industry, the growth of meat and poultry production, the efficacy of nutrient sources, the utilization of waste in abattoirs, and the production of organic fertilizer.

How Will the Blood Collection Tubes Market Size Evolve and Grow by 2029?
The market for blood collection tubes is projected to experience significant expansion in the coming years, with an estimated value of $9.58 billion by 2029 and a compound annual growth rate (CAGR) of 8.7%. Several factors can account for this anticipated growth during the forecast period, including a burgeoning aquaculture industry, increased insect farming, global population growth, use in biomedical research, and the broadening market for organic products. Furthermore, expected key trends over the forecast period encompass advances in processing technology, innovation in animal nutrition research, studies into blood meal-based biostimulants, organic and non-GMO trends, and the emergence of hydrolyzed blood meal.

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What Drivers Are Propelling the Growth of Blood Collection Tubes Market Forward?
The escalation in instances of chronic illnesses is propelling the advancement of the blood collection tube market. Chronic illnesses are typically long-lasting medical conditions that progress at a leisurely pace. Blood collection and sampling are used to test prevalent chronic diseases such as diabetes, cancer, and tuberculosis. Owing to unhealthy lifestyles and vulnerability to risky behaviors such as tobacco use, exposure to smoke, poor nutrition characterized by meals loaded with salt and saturated fats but lacking in fruits and vegetables, and physical inactivity, there is a consistent rise in the occurrence of infectious diseases. This rise and the resultant diagnostic activities are set to augment the use of blood collection devices. For instance, the World Health Organization, a Switzerland-based UN agency, forecasted in February 2024 that there would be over 35 million new cancer cases by 2050, indicating a 77% rise from the projected 20 million cases in 2022. Consequently, the escalating prevalence of chronic conditions is anticipated to drive demand for blood collection tubes throughout the predicted timeline.

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What Are the Key Trends Driving Blood Collection Tubes Market Growth?
Advancements in technology are becoming a significant trend in the blood collection tube market. The main corporations in this market are innovating new technologies to cater to the rapidly expanding industry requirement, aiming to strengthen their worldwide commercial visibility. For instance, in June 2022, Rhinostics Inc., a manufacturer of medical devices based in America, introduced an innovative automated sample collection technology via the introduction of the Veristic collection device with a patent pending, specifically designed for miniature blood volume collection. The Veristic device is highly compatible for both at-home and clinician-assisted collection methods. It serves as an efficient and high-capacity replacement for procedures such as antibody, hormone and protein detection, sexually transmitted infections (STIs), dried blood spot (DBS) cards, genetic testing, clinical trials, and many other applications that employ a simple finger prick collection method.

What Are the Key Segments in the Blood Collection Tubes Market?
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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Who Are the Key Players Shaping the Blood Collection Tubes Market's Competitive Landscape?
Major companies operating in the blood collection tubes market include Becton dic*kinson 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.

What Geographic Markets Are Powering Growth in the Blood Collection Tubes Market?
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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