Vacuum Blood Collection System Market – Global Industry Insights 2024

Artificial Pancreas Market Industry
Vacuum Blood Collection System Market – Global
Industry Insights, Trends and Opportunity Analysis
2016-2024
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Report Description
China based players are gaining significant market traction and are expected to capture major
chunk of the market in developing regions.
Some of the key players in the vacuum blood collection system market include
Terumo, Shandong Wego, Hebei Xinle Sci&Tech Co.,LTD, Dickinson and Company (US), Sunphoria
Co., Ltd., Narang Medical Limited, CML Biotech, Bio – X, Labtech Disposables, Becton
Vacuum Blood Collection Market Introduction
Vacuum blood collection tube has gained significant valuation in the last few decades. Emergence of
this technology has led to significant drop in overall blood contamination; while offering ease-of-use and
accuracy in blood to additive ratios. As a result, many laboratories are well characterized by presence of
vacuum blood collection tubes. Vacuum blood collection gained major market share at start of 1970’s
wherein many leading players along with new entrants emerged in the market. Since then, the growth
was however staggering before making major leap at start of 21st century. This blood collection tube
industry is expected to create significant market opportunity over the forecast period 2016-2023.
Vacuum blood collection system is a double pointed needle with a plastic holder and series of vacuum
tubes with stoppers at the end.
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Technological advancement towards offering better therapeutic results with single drop blood
along with rising pharmaceutical R&D spending to create good market prospects for the industry
leaders
Rising incidences of diseases, changing lifestyle, increasing surgical and transfusion procedures and
emergence of many new diagnostic centers in developing regions is expected to create substantial
market opportunities for the players.
Moreover, the system has its added advantage over other blood collection technique. It is light weight,
close loop, safety protection cap and easy to handle making it preferable choice among end-users. High
shelf life also makes it one of the key products available in the market. It has a long shelf life of as high
as 16 months.
Market Taxonomy:
Coherent Market Insights has segmented the vacuum blood collection system market by
•
Product
•
End-user
On the basis of product, vacuum blood collection system has been segmented into gel tube, heparin
tube, EDTA tube, serum tubes and others.
By end-use, pathology laboratories are expected to dominate the market throughout the forecast period.
However, clinics are expected to gain significant traction over the forecast period.
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Europe to dominate vacuum blood collection system market with EU dominating the market
throughout the forecast period
The vacuum blood collection report covers market analysis across regions – North America, Europe,
Asia Pacific, Latin America, Middle East and Africa.
Global vacuum blood collection system market is witnessing a positive trend with Europe dominating the
market. The region is primarily driven by Germany and UK. EU-5 accounted for over 70% of the regional
market. The region is however, expected to lose a major chunk of the market in near future.
North America trails Europe with both regions accounting for over 57% of global market. The region is
primarily driven by U.S.
Penetration rate of vacuum blood collection tube in Asia Pacific is low compared to developed regions.
However, is expected to witness huge growth over the time frame. China and India are expected to drive
the market in near forecast period.
Latin America and MEA are expected to grow at relatively sluggish rate.
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China based players are gaining significant market traction and are expected to capture major chunk of the market in developing regions. Some of the key players in the vacuum blood collection system market include Terumo, Shandong Wego, Hebei Xinle Sci&Tech Co.,LTD, Dickinson and Company (US), Sunphoria Co., Ltd., Narang Medical Limited, CML Biotech, Bio – X, Labtech Disposables, Becton