Vacuum Blood Collection Tube Market

14 Dec

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.

Strategic Insights

Report Coverage

Details

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

No. of Pages

183

No. Tables

109

No. of Charts & Figures

78

Historical data available

Yes

Segments covered

Product, Material, Application, and End User, and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

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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

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

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.

Shanghai IVEN Pharmatech Engineering Co., Ltd was established in 2005, has four professional factories for pharmaceutical machinery, blood collection tube machinery, water treatment equipment and automatic packing & intelligent logistic system. We exported hundreds equipments to more than 40 countries, also provided more than ten pharmaceutical turnkey projects and several medical turnkey projects. With great efforts all the time, we gained our customers’ high comments and established the good reputation in the International market gradually.

There is a variety of blood collection tubes in my company,PET, PRP,Micro Medical EDTA Vacuum Blood Collection Tube and so on.It has been exported to hundreds of countries. No matter the vacuum blood collection tube itself or the Vacuum Blood Collection tube production line, you find what you want in Shanghai IVEN. So if you are interested in any product in Shanghai IVEN, please contact us by email or visit our website.

Website address: http://www.iven-pharma.com/
E-mail address: Charlene@pharmatechcn.com