It is expected that Capillary Blood Collection tubes market will register a CAGR of 7.5% over the forecast period and its market value was US$ 1520.6 million in the year 2021.
The global market for Capillary Blood Collection Devices is expected to expand at a CAGR of 7.5% from 2022 to 2027, from an estimated US$ 1520.6 million in 2021 to a revised US$1.8 billion by 2027. Plastic, one of the report's segments, is expected to grow at a 7.5% CAGR and reach US$697.6 million by the end of the forecast year. After an early assessment of the pandemic's business effects and the resulting economic crisis, the Glass segment's growth is revised to a revised 5.6% CAGR for the next five years.
Capillary blood collection comprises of a prepared plastic end-to-end collection capillary with stopper and prepared test vessel (Collection tubes). Capillary blood collection is preferred mode for sampling of blood because it offers easy handling coupled with light protected, tinted vessels for bilirubin analysis. Plus, the plastic capillary offers exact filling volume and those tubes are unbreakable. Increase in demand for safe blood collection techniques, increase in preference towards disposable products for laboratory and increase in demand for enhanced blood sampling methods are the driving factors of the market.
The report also assesses the key opportunities in the Capillary Blood Collection Tubes market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Capillary Blood Collection Tubes Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Top Key players in the Capillary Blood Collection Tubes Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Capillary Blood Collection Tubes Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes BD, Terumo, Greiner Bio-One, Sarstedt, Hongyu Medical, Improve Medical, CDRICH, Danaher (Radiometer), Thermo Fisher Scientific, Kabe Labortechnik and others.
Global Capillary Blood Collection Tubes Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Rising Diabetes Patients and Growing Demand for Lancets
A prominent driver driving the capillary blood collection devices market during the projected period 2020-2025 is the rise in diabetes patients and the demand for blood testing samples taken using a lancet. Furthermore, the convenience with which blood samples may be taken with lancets is adding to the market's rise. Furthermore, the World Health Organization estimates that 422 million people worldwide have diabetes, with the majority living in low- and middle-income countries, and diabetes is responsible for 1.6 million fatalities each year. As a result of the rise in diabetes, the need for blood collection equipment has skyrocketed.
Increasing Demand for Improved Blood Collection and Sampling Devices
During the forecast period 2021-2026, increasing need for enhanced blood collection and sampling devices in laboratories is expected to drive the capillary blood collection devices market. Furthermore, recent technological advancements have improved the standard of treatment without needing a significant investment in personnel training or capital. As a result, this is the primary driving force for capillary blood collecting devices. Furthermore, recent FDA approvals for blood collection devices such as tubes, vial systems, and serum separators are boosting the market.
Capillary Blood Collection Tubes Market is segmented based on the type, applications, companies and regions.
By Type, Capillary Blood Collection Tubes Market has been segmented into
By Application, Capillary Blood Collection Tubes Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Capillary Blood Collection Tubes Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America dominated the Capillary Blood Collection Devices Market in 2020, with a share of 31.5%, and is expected to grow at a CAGR of 5.44% from 2021 to 2026. A primary driver driving its market growth is rising health concerns, as well as well-developed technologies and a superior healthcare structure. Furthermore, government activities and the CLIA waiver on POC testing devices are seen to be a significant impact in device uptake in that region. Furthermore, Becton, Dickinson & Business, a prominent global medical technology startup, teamed up with Babsons Diagnostic, a disruptive diagnostic blood-testing company, in February 2020 to provide laboratory-quality, small-volume blood collection to retail pharmacies.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 7.5% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
| BD, Terumo, Greiner Bio-One, Sarstedt, Hongyu Medical, Improve Medical, CDRICH, Danaher (Radiometer), Thermo Fisher Scientific, Kabe Labortechnik |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2022 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Capillary Blood Collection Tubes Market is studied from 2017 - 2027.
What is the growth rate of Capillary Blood Collection Tubes Market?
The Capillary Blood Collection Tubes Market is growing at a CAGR of 7.5% over the next 5 years.
Who are the key players in Capillary Blood Collection Tubes Market?
BD, Terumo, Greiner Bio-One, Sarstedt, Hongyu Medical, Improve Medical, CDRICH, Danaher (Radiometer), Thermo Fisher Scientific, Kabe Labortechnik
What region does this Capillary Blood Collection Tubes Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Capillary Blood Collection Tubes Market?
Plastic Blood Collection Tubes, Glass Blood Collection Tubes, Stainless Steel Blood Collection Tubes, Ceramic Blood Collection Tubes
What are the major end-use applications of Capillary Blood Collection Tubes Market?
Hospitals, Ambulatory Care Facilities, Blood Donation Facilities, Blood Testing Centers, Others
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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