Global Venous Blood Collection Tube Market Industry Growth, Trends and Analysis

Global Venous Blood Collection Tube Market Overview: The blood collection tube is a plastic or glass tube showing no infection or contamination. These tubes also have a closure, which...

Global Venous Blood Collection Tube Market Overview:

The blood collection tube is a plastic or glass tube showing no infection or contamination. These tubes also have a closure, which is evacuated to create a vacuum inside the tube, which in turn allows extracting a precise volume of fluid from the patient. These tubes are mainly used to collect blood samples.

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Global Venous Blood Collection Tube Market Drivers and Restraints:

The increase in the prevalence of infectious and non-communicable diseases, the growing number of accidents and injuries are the main factors contributing to growth. According to the CDC, in 2013, approximately 27.6 million and 20.3 million adults were diagnosed with heart disease and cancer respectively in the United States. Therefore, it is expected that the demand for blood collection products for diagnostic applications will increase rapidly in the near future. The growing number of surgeries is another important factor that greatly enhances market growth. According to WHO, in 2012, approximately 266.2 to 359.5 million surgical procedures were performed worldwide and this number is expected to increase tremendously in the near future. Increasing number of surgeries such as organ transplants and cancer surgeries that require blood transfusion is expected to accelerate the application of these products in the target market.

As a result, the demand for needles, syringes, tubes and blood bags is increasing for diagnostic and treatment applications, which should stimulate growth. On the other hand, regulatory guidelines and stringent healthcare policies will also be positively taken into account in the market during the forecast period, as manufacturers often create new and safer technologies for blood collection. In addition to this, North America is becoming a developed region and, as a result, has a high level of consumer awareness, such as hospitals and diagnostic centers.

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Geographical Insights:

North America dominated the global market in 2015. The presence of a highly developed health infrastructure and high health care costs per capita are driving growth in this region. In addition, the rapid adoption of advanced products in the United States is supporting the growth of the market. The Asia-Pacific region is estimated to have the fastest growth over the forecast period due to an increase in the geriatric population and the prevalence of infectious diseases such as HIV, tuberculosis and malaria in this region. In addition, the rapid development of health infrastructure in Asian countries such as India and China is expected to spur the growth.

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Key Players In Global Venous Blood Collection Tube Market

Terumo Corp., Abbott Laboratories, Dickinson and Company, Becton, Medtronic, NIPRO Medical Corp., FL MEDICAL s.r.l., and Qiagen are the major players of the Global Venous Blood Collection Tube market.

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