Home / Medical Devices / Blood Collection Tubes Market by Type (Plasma Separation Tube, Heparin Tubes, Serum Separating Tubes, EDTA Tubes, Rapid Serum Tubes, Others) by End-user (Diagnostic Centers, Healthcare Centers, Research and Development Centers, Blood Banks) - Growth, Future Prospects And Competitive Analysis, 2016 - 2028

Blood Collection Tubes Market by Type (Plasma Separation Tube, Heparin Tubes, Serum Separating Tubes, EDTA Tubes, Rapid Serum Tubes, Others) by End-user (Diagnostic Centers, Healthcare Centers, Research and Development Centers, Blood Banks) - Growth, Future Prospects And Competitive Analysis, 2016 - 2028

Published Date: Mar 2022
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Report ID: 60516
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Report Format: PDF
Medical Devices
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Pages: 128
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Rating: 4.6 (16)

Blood Collection Tubes Market Analysis

Blood Collection Tubes are widely used in healthcare industry for various applications including diagnostics, research, sample collection, etc. Introduction of Blood Collection Tubes has resulted into considerable increase in precise diagnostics and greatly reduced the contamination incidents. Most of the Blood Collection Tubes used today are made up of unbreakable PET material. Global Blood Collection Tubes market is expected to witness CAGR of 9.47% during the forecast period. The revenue generated by the global Blood Collection Tubes market in 2021 was over USD 1,406.03 million and expected to generate revenue worth USD 2,674.50 million in 2028. The incremental growth opportunity offered by the global Blood Collection Tubes is estimated to be USD 14.54 billion between 2022 and 2028.     

blood-collection-tubes-market

Interesting Facts about Blood Collection Tubes Industry

  • Blood Collection Tubes consumption reached over 16.5 billion units in 2021
  • Average cost of a Blood Collection Tube is USD 0.09
  • Diagnostics centres is largest end-user of Blood Collection Tubes
  • S. is leading Blood Collection Tubes demand with over 30% share in 2021
  • UK, France and Germany collective held over 50% share Europe
  • China leads the production of Blood Collection Tubes and it is largest exporter in the world

Strong Demand for Serum Separation Tubes

Plasma Separation Tube, Heparin Tubes, Serum Separating Tubes, EDTA Tubes, Rapid Serum Tubes and Others are major types of Blood Collection Tubes. Serum separation tubes are growing in demand owing ever increasing demand for serum sample in diagnostic industry. Serum samples are most commonly used for diagnostics application across the world. It held over 35% share in total volume consumption as well as revenue generated by the global Blood Collection Tubes market in 2021.  While, Rapid serum tubes are also expected to witness increasing demand as it facilitate efficient and improved workflow and output.

Huge Untapped Potential in Emerging Economies

High level of health awareness among people in developed countries has resulted into strong demand for blood collection tubes for various kind of diagnostic tests. However, blood collection tubes market in North America and Europe is saturated. The number of blood collection tubes consumed in North America and Europe has reached around 7 and 3 respectively. However, despite of huge population and frequent outbreak of epidemics in underdeveloped and emerging economies has been remained very low. Increase in healthcare awareness among people can result into huge demand for blood collection tubes in these regions. Growing economy and increasing healthcare awareness in countries such as India, China and Brazil is expected to trigger demand for blood collection tubes in the years to come.

Diagnostic Centers to Lead the Demand

Diagnostic Centers, Blood Banks, Healthcare Centers and Research and Development Centers are major end-users of Blood Collection Tubes. Diagnostics centers dominate the demand for Blood Collection Tubes with over 45% share in 2021. Blood Collection Tubes has made it very easy to collect and store blood samples for various applications including diagnostics and research laboratories. While, healthcare centers, research laboratories and blood banks are also expected to register the huge demand for Blood Collection Tubes over the forecast period.

Contamination of Sample and Stringent Regulation to Affect the Growth

There is high potential for contamination of blood sample from acquired infection owing to unhygienic blood transfusion process. Secondly, there are stringent regulations are in place for the use as well as disposal of used Blood Collection Tubes around the world. This in turn can arrest the growth rate of the Blood Collection Tubes industry.

Highly Concentrated Market

Becton Dickinson and Company, Greiner Bio-One (GBO), QIAGEN N.V., Terumo Corporation, FL Medical srl, Abbott, Medtronic, IMPROVE MEDICAL INSTRUMENTS Co. Ltd., Cardinal Health, Biosigma, SARSTEDT AG & Co. KG and Sunphoria Co., Ltd. are some of the major players operating in global Blood Collection Tubes market. Although there are large number of players spread across the world, the top five players held around 40% share in 2021. Key players are consistently focused on development of innovative products using different materials. At present, Blood Collection Tubes made of PET are dominating the demand around the world.

Frequently asked questions about global Blood Collection Tubes industry

Likewise other industries, COVID 19 also taken a toll on Blood Collection Tubes market with around 5% decline in its revenue in 2020 as compare to that of projected USD 1,312 million

North America is the largest regional market with highest share in the total volume of Blood Collection Tubes consumed in 2021

Strong growth of diagnostic industry and increasing demand for serum sample to fuel the growth of this industry

Serum Separating Tubes segment dominated the Blood Collection Tubes market in 2021 with over 35% share

Diagnostic Centers was the largest End-user of Blood Collection Tubes in 2021 with over 40% share

Blood Collection Tubes Report Scope

Report Attribute Details
Market Value in 2021 USD 1,406.03 million
Market Value in 2028 USD 2,674.50 million
CAGR 9.47% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Segments covered

Type

Plasma Separation Tube

Heparin Tubes

Serum Separating Tubes

EDTA Tubes

Rapid Serum Tubes

Others

End-user

Diagnostic Centers

Healthcare Centers

Research and Development Centers

Major Players Analysed Becton Dickinson and Company, Greiner Bio-One (GBO), QIAGEN N.V., Terumo Corporation, FL Medical srl, Abbott, Medtronic, IMPROVE MEDICAL INSTRUMENTS Co. Ltd., Cardinal Health, Biosigma, SARSTEDT AG & Co. KG and Sunphoria Co., Ltd.
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