The vacuum blood collection tube market is expected to reach US$ 4,507.70 million by 2028 from US$ 2,598.78 million in 2021; it is estimated to grow at a CAGR of 8.2% from 2021 to 2028.
Vacuum blood collection tube is a sterile glass or plastic test tube with a stopper that creates vacuum inside the tube so that a preset volume of liquid can be depicted. The tube prevents needle stick damage by preventing needles from coming in human contact and thus, adulteration. A double-pointed needle is fitted to a plastic tubular adapter in the vacuum blood collecting tube. Double-pointed needles are available in numerous gauge sizes. The needle's length varies from 1 to 1 1/2 inches. Additional elements may be present in vacuum blood collection tubes, which are used to preserve blood for treatment in a medical laboratory. The increasing government subsidiaries and health services are likely to drive the market growth in the coming years. In addition, the rising awareness regarding the benefits of sterilization among the developed and developing economies is expected to offer significant growth opportunities in the market during the forecast period.
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Vacuum Blood Collection Tube Market: Strategic Insights
Market Size Value in US$ 2,598.78 million in 2021 Market Size Value by US$ 4,507.70 million by 2028 Growth rate CAGR of 8.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Vacuum Blood Collection Tube Market: Strategic Insights
| Market Size Value in | US$ 2,598.78 million in 2021 |
| Market Size Value by | US$ 4,507.70 million by 2028 |
| Growth rate | CAGR of 8.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The vacuum blood collection tube market, by region, is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM). North America dominates the global market due to factors such as favorable government programs and initiatives for blood donation, improved public awareness, and rise in incidence of chronic diseases, upsurge in the research and development activities by the major key players, and advancements in vacuum blood collection tubes.
Lucrative Regions for Vacuum Blood Collection Tube Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Market Insights
Increasing Number of Surgeries
With the rise in prevalence of heart, liver, kidney, lungs diseases, and other chronic diseases, the surgeries performed every year have also increased reasonably. As per the National Chronic Kidney Disease fact sheet, in 2017, approximately 30 million people had chronic kidney diseases in the US. Moreover, as per the National Institute of Diabetes and Digestive and Kidney Diseases, approximately 661,000 Americans suffer from kidney failure, out of which 468,000 patients are undergoing dialysis procedures, and 193,000 have undergone kidney transplantation. Similarly, according to the seventh annual report of the American Joint Replacement Registry (AJRR) on Knee and Hip Arthroplasty, approximately 2 million hip and knee procedures were performed, representing 1,347 institutions with data coming from hospitals, ambulatory surgery centers (ASCs), and private practice groups from all 50 states across the US and the District of Columbia in 2019–2020. Angioplasty and atherectomy are among the most common surgeries performed in the US. For instance, as per the latest interventional cardiology procedural analysis, more than 965,000 angioplasties are performed each year in the US. An angioplasty, also recognized as percutaneous coronary intervention (PCI), is a surgery that involves the insertion of a stent into a blocked or narrowed artery.
Another major reason for rising cases of surgeries is the growing number of accident and trauma cases. A rise in the number of road accidents, fires, and sports injuries has led to an increased incidence of trauma and injuries. According to Global Status Report on Road Safety—a report published by the World Health Organization (WHO) in 2018—road accidents are one of the leading causes of mortality worldwide. Approximately 1.3 billion people die in road accidents each year. Current trend analysis predicts that by 2030, road accidents will become the fifth-leading cause of mortality globally.
The rising number of accidents and injury cases will propel the demand for blood transfusion in the coming years. Accident casualties or trauma patients often face blood loss. Thus, transfusion of blood, particularly red blood cells, is required to restore the lost blood volume. Hence, the demand for blood transfusion in trauma patients, coupled with the rise in the incidence of injuries, will stimulate the growth of the blood collection devices market. With this alarming rise in the incidence of surgeries and blood transfusion procedures, the need for blood collection devices is rising, which is increasing the demand for vacuum blood collection tubes profoundly, giving a significant boost to the North America vacuum blood collection tube market.
Product-Based Insights
The global vacuum blood collection tube market, based on product, is segmented into heparin tubes, EDTA tubes, glucose tubes, serum separating tubes, and ERS tubes. In 2021, the serum separating tubes segment held the largest share of the market. Moreover, the market for the EDTA tubes segment is expected to grow at the fastest rate in the coming years.
Vacuum Blood Collection Tube Market, by Product – 2021 and 2028
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Material-Based Insights
The global vacuum blood collection tube market, based on material, is segmented into PET, polypropylene, and tempered glass. In 2021, the PET segment held the largest share of the market. Moreover, the market for the same segment is expected to grow at the fastest rate in the coming years.
Application -Based Insights
The global vacuum blood collection tube market, based on application, is segmented into blood routine examination, biochemical test, and coagulation testing. In 2021, the blood routine examination segment held the largest share of the market. However, the market for the coagulation testing segment is expected to grow at the fastest rate in the coming years.
End-User -Based Insights
Based on end user, the vacuum blood collection tube market is segmented into hospitals and clinics, ambulatory surgical centers, pathology labs, and blood banks. The blood banks segment held the largest share of the market in 2021. Moreover, the same segment is estimated to register the highest CAGR of 8.8% in the market during the forecast period.
The vacuum blood collection tube market players adopt organic strategies, such as product launch and expansion, to expand their footprint and product portfolio worldwide and to meet the growing demand.
COVID Impacts
The North American economy is severely affected due to the exponential growth of COVID-19 cases in the region. The COVID-19 pandemic is expected to have an imperceptibly negative impact on the market. The COVID-19 pandemic and the subsequent economic downturn have had a detrimental effect on people's mental wellness and built new barriers for those who already have a mental illness or behavioral disorders. About 4 in 10 adults in the US have reported anxiety or depressive disorder signs during the pandemic, a number that has remained mostly steady, up from one in ten adults who had related symptoms from January to June 2019. Many adults are reporting specific adverse effects on their mental health and well-being as a result of worry and stress about the coronavirus, such as difficulty sleeping (36%), eating (32%), increasing alcohol consumption or substance use (12%), and worsening chronic conditions (12%), according to the KFF Health Tracking Poll from July 2020. As the epidemic progresses, continuing and required public health actions expose many people to scenarios connected to poor mental health outcomes, such as isolation and job loss.
By Product
- Gel and Clot Activator Tubes
- Heparin Tubes
- EDTA Tubes
- Glucose Tubes
- Serum Separating Tubes
- ERS Tubes
By Material
- PET
- Polypropylene
- Tempered Glass
By Application
- Blood Routine Examination
- Biochemical Test
- Coagulation Testing
By End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Pathology Labs
- Blood Banks
By
Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- BD
- Narang Medical Limited
- Terumo Corporation
- GPC Medical Ltd.
- Vitrex Medical A/S
- Medtronic
- KALSTEIN FRANCE
- ELITech Group
- F.L. Medical
- STRECK, INC.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Material, Application, and End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Algeria, Argentina, Australia, Brazil, Canada, China, Egypt, France, Germany, India, Italy, Japan, Libya, Mexico, Morocco, Qatar, RoAPAC, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, Sudan, Tunisia, Turkey, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
A vacuum blood collection tube is a sterile glass or plastic test tube with a stopper that creates a vacuum inside the tube so that a preset volume of liquid can be depicted. The vacuum blood collection tube prevents needle stick damage by preventing needles from coming in human contact and thus, adulteration. A double-pointed needle is fitted to a plastic tubular adapter in the vacuum blood collecting tube. Double pointed needles are available in numerous gauge sizes. The needle's length varies from 1 to 1 1/2 inches. Additional elements may be present in vacuum blood collection tubes, which are used to preserve blood for treatment in a medical laboratory.
The increasing government subsidiaries and health services are likely to drive the market. In addition, the rising awareness regarding benefits of sterilization among the developed and developing economies is expected to offer significant growth opportunities in the market during the forecast period.
The Vacuum Blood Collection Tube market is anticipated to grow around 8.2% CAGR amid the forecast period 2021-2028.
North America held highest market share in 2021.
BD. and Terumo Corporation are the key players in the Vacuum Blood Collection Tube market.
Serum separating tubes segment market provides the most opportunity for growth.
The List of Companies - Vacuum Blood Collection Tube Market
- BD
- Narang Medical Limited.
- Terumo Corporation
- Greiner AG
- FL MEDICAL s.r.l.
- GPC Medical LTD
- Vitrex Medical A/S
- ELITechGroup
- SEKISUI CHEMICAL CO. LTD
- SARSTEDT AG and Co. KG
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
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- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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