Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 2.93 Billion |
| USD 5.41 Billion | |
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The Global Vacuum Blood Collection Tube Market size in 2023 is USD 2.93 billion. The market share is growing at a CAGR of 7.9% and projected reach USD 5.41 billion by 2031.
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Vacuum blood collection tubes are sterile glass or plastic tubes used to collect blood samples. A vacuum blood collection tube employs a stopper to produce a vacuum seal, allowing blood to be collected directly from the veins. These are used to prevent blood contamination in a variety of settings, including clinics, hospitals, blood banks, pathology laboratories, outpatient centers, and others. According to Nuffield Department of Primary Care Health Sciences Research at the universities of Oxford, Bristol and Southampton, between 2000/1 and 2015/16 the number of diagnostic tests ordered per 10,000 person a year increased 3.3 folds from 14,869 to 49,267. This represents an 8.5% increase per year. Such substantial increase in diagnostic testing correlates directly with the rising demand for vacuum blood collection tubes, as more tests necessitate more blood samples. Consequently, the growing volume of diagnostic procedures fuels the expanded use of vacuum blood collection tubes.
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Global Vacuum Blood Collection Tube Market Report Metric Details
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Report Metric
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Details
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Forecast Period
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2024-2031
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Base Year
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2023
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Historic Year
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2022 (Customizable 2016-2021)
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Measuring Unit
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USD Billion
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Data Pointers
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Market value, growth rate, market segments, geographical coverage, market players, and market scenario, in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The rising prevalence of chronic diseases such as diabetes, cardiovascular ailments, and cancer, along with a greater emphasis on preventative healthcare is driving up demand for dependable blood collection systems. As these illnesses necessitate regular monitoring and early diagnosis, accurate and effective blood sample procedures become critical. As a result, Databridge Market Research dived into comprehensively analyzing the market and unveiled that the Global Phobic Disorders Treatment Market is increasing at a CAGR of 7.9%. Our detailed analysis forecasts that the market is valued at USD 2.93 billion in 2023 and is expected to grow upto USD 5.41 billion by 2031. Our meticulously created report, developed through comprehensive research and analytics, is a distinguished paper that unveils eye-opening data about the market.
Global Vacuum Blood Collection Tube Market Growth Drivers
Rise in Telemedicine and Remote Diagnostics
The expansion of telemedicine and remote diagnostic services has significantly increased the need for reliable blood collection solutions that facilitate sample transport from patients' homes to diagnostic labs. For instance, Labcorp has introduced specialized vacuum blood collection tubes designed for home use, which ensure safe and contamination-free sample collection. This innovation supports the growing telemedicine trend by addressing the challenges of sample integrity and handling, thereby driving the vacuum blood collection tube market growth.
Growth in Biobanking and Genetic Research
The increase in biobanking and genetic research, requires large-scale collection and preservation of biological samples for studies and clinical trials, is pushing up demand for high-quality vacuum blood collection tubes. For instance, the UK's National Health Service (NHS) Biobank is a large repository that gathers and preserves millions of biological samples to aid research into genetic and environmental factors influencing health. To maintain sample integrity over time, these biobanks require improved vacuum blood collection tubes with enhanced preservation and contamination control characteristics. The growing emphasis on precision medicine and large-scale genomic studies further underscores the need for such specialized collection tubes, contributing to the Global Vacuum Blood Collection Tube Market growth.
Customization for Personalized Medicine
Becton Dickinson is developing specialized blood collection tubes that are designed for specific genetic or biomarker tests, such as those used in precision oncology. These tubes can be pre-configured to optimize the preservation of DNA or RNA tailored to the unique requirements of genetic sequencing or biomarker analysis. Such customization enhances the ability to conduct precise and individualized diagnostic tests, thereby supporting the growing demand for personalized medicine and offering a strategic growth avenue in the Global vacuum blood collection tube market.
Collaboration with AI and Automation
Collaborating with AI and automation, companies present a compelling growth opportunity in the vacuum blood collection tube market by integrating smart features that streamline laboratory operations. For instance, company like Siemens Healthineers are already exploring automation in their diagnostic processes, leading to innovations such as tubes with embedded RFID tags and AI-driven error detection systems. Such advancements allow for automated labeling, real-time tracking, and error identification, reducing manual handling errors, and improving the accuracy and efficiency of blood sample processing.
Supply Chain Vulnerabilities
The price of polyethylene, a common plastic used in tube manufacturing, can vary due to factors such as crude oil price changes or supply chain disruptions, leading to unpredictable manufacturing costs. This volatility forces manufacturers to constantly adjust their pricing strategies to maintain profitability, often resulting in higher prices for end-users, including hospitals and diagnostic centers. Thus hindering the Global Vacuum Blood Collection Tube Market.
Adoption Barriers in Emerging Markets
In emerging markets with limited healthcare infrastructure, such as parts of Africa and Southeast Asia, the adoption of modern blood collection technologies faces significant barriers. For instance, in rural areas of Africa, the lack of advanced healthcare facilities and trained personnel impedes the widespread use of sophisticated vacuum blood collection tubes. Limited access to reliable electricity and laboratory equipment further exacerbates the challenge, leading to reliance on more traditional and less efficient methods. Consequently, this slow adoption hampers the Global Vacuum Blood Collection Tube market growth by restricting the reach of advanced blood collection solutions.
Restraining regulations
The global vacuum blood collection tube market faces growth restraints due to stringent regulations in various countries, such as Japan and China, where medical device standards are highly rigorous. For instance in China, the National Medical Products Administration (NMPA) mandates extensive testing and documentation for device registration, which can be time-consuming and costly for manufacturers. These regulatory challenges, while ensuring product safety and efficacy, can hinder the global vacuum blood collection tube market growth by extending time to market and increasing compliance costs.
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Global Vacuum Blood Collection Tube Market Segmentations Overview
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Market
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Sub-Segments
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Product Type
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Gel and Clot Activator Tube, Heparin Tubes, EDTA Tubes, Glucose Tubes, Serum Separating Tubes and ERS Tubes
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Material
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PET, Polypropylene, Tempered Glass and Others
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Application
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Biochemical Test, Blood Routine Examination, Coagulation Testing, Blood Segmentation Testing and Others
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End-users
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Clinics, Hospitals, Blood Banks, Pathology Laboratories, Outpatient Centres and Others
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Global Vacuum Blood Collection Tube Market Regional Overview
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Region
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Countries
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Europe
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe
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APAC
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
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North America
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U.S., Canada, and Mexico
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MEA
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Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East, and Africa
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South America
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Brazil, Argentina, and Rest of South America
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Key Insights
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.