Vacuum Blood Collection Tube Market to Record 7.02 % Y-O-Y Growth Rate in 2022 | Evolving Opportunities with Becton Dickinson and Co., CML Biotech Pvt. Ltd. & ELITech Group | 17000+ Technavio Reports

NEW YORK, Jan. 3, 2022 /PRNewswire/ -- Technavio's latest research report on the Vacuum Blood Collection Tube Market offers a comprehensive analysis of new product launches, the latest trends, and the post-pandemic impact on businesses. 36% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for vacuum blood collection tubes in North America. However, the market growth rate in this region will be slower than the growth of the market in Asia. The high rate of blood transfusion will facilitate the vacuum blood collection tube market growth in North America over the forecast period. 

The vacuum blood collection tube market is estimated to grow by USD 906.90 million from 2021 to 2026, growing at a CAGR of 7.33% as per the latest report by Technavio. The vacuum blood collection tube market is expected to record 7.02% of Y-O-Y growth in 2022.

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Market Dynamics

Factors such as the increasing prevalence of chronic conditions and increasing clinical trials for new drugs and treatments will be crucial in driving the growth of the market. But the shortage of trained professionals will restrict the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The vacuum blood collection tube market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth. 

Company Profiles

The vacuum blood collection tube market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are Greiner Bio-One International, Narang Medical USA Corp., SARSTEDT AG, and Co. KG, Sekisui Chemical Co. Ltd., and Streck Corp, etc.

Few Companies with Key offerings

• Becton Dickinson and Co. - The company offers vacuum blood collection tubes under the brand name Vacutainer.
• CML Biotech Pvt. Ltd. - The company offers vacuum blood collection tubes under the brand name Microzo.
• ELITech Group - The company offers vacuum blood collection tubes under the brand name Excyte.
• FL MEDICAL srl Unipersonale -  The company offers vacuum blood collection tubes under the brand name Vacumed.
• GPC Medical Ltd. -  The company offers Vacuum blood collections tubes for blood testing.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The vacuum blood collection tube market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Competitive Analysis

The competitive scenario provided in the vacuum blood collection tube market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Market Segmentation

• By Product, the market is classified into serum separating tubes, EDTA tubes, heparin tubes, ESR tubes, and glucose tubes.
• By Geography, the market is classified as North America, Europe, Asia, and ROW. 

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SOURCE Technavio