ALBANY, New York, July 13, 2020 /PRNewswire/ -- The blood collection tubes market is generating massive growth on the back of the escalating need for performing blood tests. These tubes are produced using plastic and glass materials. The mandatory blood test before any surgical procedures is burnishing the growth of the blood collection tubes market, as a surge is being observed in the surgical procedures. Also, use of high quality additives and technological advancements is helping in improving the quality of blood collection tubes. Additional features like protection from light and easy handling further increase the growth prospects of the blood collection tubes market.
The expert analysis of experienced researchers at Transparency Market Research (TMR) predicts the global blood collection tubes market to expand at a CAGR of 6.5% across the forecast period of 2018-2026. The global blood collection tubes market was valued at US$ 1,569.8 mn in 2017. Growing demand for safe blood collection methods and inclination toward dispensable items for research centers is signaling good growth prospects for the blood collection tubes market.
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Blood Collection Tubes Market: Key Revelations
- Plastic material type is estimated to bring US$ 790.1 mn across the forecast period for the blood collection tubes market
- Serum separating tube segment is anticipated to record a CAGR of 7.1% during 2018-2026; it was valued at US$ 722.7 mn in 2017
- The healthcare centers segment is prophesied to reach US$ 1,371.5 mn at the end of 2026; it was valued at US$ 744.8 mn in 2017
- North America may serve as the largest growth contributor for the blood collection tubes market
- The glass material segment may register a CAGR of 5.8% during the forecast period
Explore 184 pages of in-depth research, incisive insights, and detailed country-level projections. Analyze and discover the latest developments in the Blood Collection Tubes Market (Product Type - Plasma Separation Tube, Serum Separating Tube, Heparin Tubes, EDTA Tubes, Others; Material Type - Plastic, Glass; End Use - Healthcare Centers, R&D Centres, Diagnostic Centers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2026 at https://www.transparencymarketresearch.com/blood-collection-tubes-market.html
Blood Collection Tubes Market: Growth Boosters
The properties of blood collection tubes such as robustness and precise filling volume serve as major growth contributors to the blood collection tubes market.
- The expansion of government activities related to blood collection is assisting in increasing the growth rate of the blood collection tubes market
- The escalating rate of surgeries across the globe is bringing considerable growth opportunities for the blood collection tubes market
- Preventive healthcare tests due to the growing awareness among a wide range of populace are sowing the seeds of growth in the blood collection tubes market
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How has COVID-19 Changed Dimensions of Growth across Blood Collection Tubes Market?
The COVID-19 outbreak may have a negative influence on various markets across the world but it has not affected the blood collection tubes market hugely. The growing use of plasma therapy as a mechanism to prevent the growing fatalities due to the COVID-19 outbreak has led to the establishment of plasma banks and the government is encouraging plasma donation by COVID-19 recovered patients for using it on COVID-19 patients at a severe stage.
India recently inaugurated its first plasma bask in Delhi where COVID-19 recovered patients can donate their plasma for enhancing the recovery among seriously-affected COVID-19 patients. The growing network of plasma donation centers may prove to be a turning point of growth for the blood collection tubes market.
Analyze Global Blood Collection Tubes Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Blood Collection Tubes Market: Key Players
Some well entrenched players in the blood collection tubes market are Terumo Corporation, Cardinal Health Inc., Sarstedt AG & Co., Beckton Dickinson & Co., Chengdu Ric Science Industry, Qiagen N.V., Medtronic PLC, and Improve Medical Instruments.
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The blood collection tubes market can be segmented across the following parameters:
- Plasma Separation Tube
- Heparin Tubes Serum Separating Tubes
- EDTA Tubes Rapid Serum Tubes
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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