Europe Vacuum Blood Collection Tube Market is expected to reach US$ 1,295.51 million by 2028

PRESS RELEASE BY The Insight Partners 19 Jan 2022

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The EDTA tubes segment by product is estimated to lead the market growth during the forecast period.

According to The Insight Partners market research study of “Europe vacuum blood collection tube market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product, Material, Application, End User and Country.” The Europe vacuum blood collection tube market is expected to grow from US$ 1,295.51 million by 2028 to US$ 761.44 million in 2021; it is estimated to register a CAGR of 7.9% from 2021 to 2028. The report highlights trends prevailing in the Europe vacuum blood collection tube market and the factors driving market along with those that act as hindrances.

According to statistics by the WHO, Denmark recorded the highest blood donation rate while the average number of donations across Europe ranges from 6 to 67.6 per 1,000 residents. With the surge in blood disorders, the need for blood is also increasing. For instance, as per data revealed by the European Hematology Association, ~80 million people in the European Union (EU) are currently affected by blood disorders. Also, according to Global Blood Therapeutics, sickle cell disease (SCD), which is a rare, inherited disorder, affected more than 52,000 people in Europe in 2020. Patients suffering from this condition may require blood transfusions throughout their lives. Similarly, according to the WHO, Europe has ~25% of the world’s total number of cancer cases, with ~3.7 million new patients every year. Many of them need blood transfusions, sometimes daily, during their chemotherapy treatment. Blood donors in Italy are often recruited by offering rewards or incentives for donating blood, which may include t-shirts, event tickets, or opportunity drawings for televisions and expensive cars. For instance, in 2021, the WHO designated Italy as the host of World Blood Donor Day, with the Istituto Superiore di Sanità (ISS) leading the activities for the global event.

The European vacuum blood collection tube market is severely affected due to the surge in COVID-19 cases in the region. As per the European Centre for Disease Prevention and Control (ECDC), lockdowns were reintroduced in the UK, Spain, Italy, and Ireland in 2021, in response to the emergence of the second wave of infection. Moreover, governments of many countries are increasing their testing capacities. Countries such as Italy, Spain, and France have recorded the most significant number of positive cases and deaths. The exponential spread of COVID-19 has exerted excess stress on the region's healthcare system, raising the demand for diagnostic tests, such as blood tests or antigen tests. Much healthcare research institutes and pharmaceutical companies are stepping forward to discover a therapeutic solution for COVID-19. Companies are now focused on the development of the antibody-specific COVID-19 blood test. The rising number of blood tests performed for COVID-19 diagnosis is likely to boost the demand for the vacuum blood collection tube market in the region.

Based on product, the Europe vacuum blood collection tube market is segmented into heparin tubes, EDTA tubes, glucose tubes, serum separating tubes, and ERS tubes. Based on material, the Europe vacuum blood collection tube market is segmented into PET, polypropylene, and tempered glass. Based on application, the Europe vacuum blood collection tube market is segmented into blood routine examination, biochemical test, and coagulation testing. Based on end user, the Europe vacuum blood collection tube market is segmented into hospitals and clinics, ambulatory surgical centers, pathology labs, and blood banks. Geographically, the Europe vacuum blood collection tube market is sub-segmented into UK, Germany, France, Italy, Spain and Rest of Europe

BD, Narang Medical Limited., Terumo Corporation, Greiner AG, FL MEDICAL s.r.l., GPC Medical LTD, ELITechGroup, SEKISUI CHEMICAL CO. LTD and SARSTEDT AG and Co. KG are among the leading companies operating in the Europe vacuum blood collection tube market.

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