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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 are widely used in the healthcare industry for various applications, including diagnostics, research, sample collection, etc. The introduction of Blood Collection Tubes has considerably increased precise diagnostics and significantly reduced contamination incidents. Most of the Blood Collection Tubes used today are unbreakable PET materials. The Global Blood Collection Tubes market is expected to witness a 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 is 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 the Blood Collection Tubes Industry

  • Blood Collection Tubes consumption reached over 16.5 billion units in 2021
  • The average cost of a Blood Collection Tube is USD 0.09
  • Diagnostics centers are the 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 of Europe
  • China leads the production of Blood Collection Tubes, and it is the 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 significant types of Blood Collection Tubes. Serum separation tubes are growing in demand owing to ever increasing demand for serum samples in the diagnostic industry. Serum samples are most commonly used for diagnostics applications across the world. As a result, it held over 35% share in total volume consumption and revenue generated by the global Blood Collection Tubes market in 2021. In contrast, Rapid serum tubes are also expected to witness increasing demand as they facilitate efficiently and improved workflow and output.

Substantial Untapped Potential in Emerging Economies

A high level of health awareness among people in developed countries has resulted in strong demand for blood collection tubes for various diagnostic tests. However, North America and Europe's blood collection tubes market 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 outbreaks of epidemics in underdeveloped and emerging economies has remained very low. Increasing healthcare awareness among people can result in huge demand for blood collection tubes in these regions. In addition, the growing economy and rising healthcare awareness in countries such as India, China, and Brazil are 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 significant end-users of Blood Collection Tubes. Diagnostics centers dominate the demand for Blood Collection Tubes with over 45% share in 2021. Blood Collection Tubes have made it 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 a massive demand for Blood Collection Tubes over the forecast period.

Contamination of Sample and Stringent Regulation to Affect the Growth

There is a high potential for contamination of blood samples from acquired infection owing to the unhygienic blood transfusion process. Secondly, stringent regulations are in place for the use and 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 many players spread worldwide, the top five held around 40% share in 2021. Key players consistently focus on developing innovative products using different materials. At present, Blood Collection Tubes made of PET dominate the world's demand.

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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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Mar 2022
Category:  Medical Devices
Report ID:   60516
Report Format:   PDF
Pages:   128
Rating:    4.6 (16)
Delivery Time: 24 Hours to 48 Hours   
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