Vacuum Blood Collection Tube Market is expected to reach US$ 4,507.70 Million by 2028


PRESS RELEASE BY The Insight Partners 25 Nov 2021

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Serum Separating Tubes Segment Held Largest Share of Vacuum Blood Collection Tube Market in 2021

 

According to our new research study on “Vacuum Blood Collection Tube Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Material, Application, End User” the 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. The report highlights trends existing in the market, and drivers and hindrances pertaining to the market growth. Serum separating tubes are coated with micro silica particles that induce blood to clot rapidly and the barrier gel effectively separates serum from fibrin and cells, while restricting substance exchanges between blood cell and serum. During centrifugation, the clot activator (silica particle) speeds up clotting and acts as a barrier gel, separating serum from fibrin and cells. These tubes are commonly used for blood serum biochemistry, immunology, and drug testing.  Both non-vacuum and vacuum gel and clot activator tubes are available in the market. These tubes are also called gel and clot activator tubes. They are mostly yellow in color, indicating that they are gel and clot activator tubes. Various global players offer these tubes, such as BD offers BD Vacutainer SST Tubes with different tube size.  

 

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.

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.

The global vacuum blood collection tube market, based on application, is segmented into blood routine examination, biochemical test, and coagulation testing. In 2021, the blood routine examination segment held the largest share of the market. However, the market for the coagulation testing segment is expected to grow at the fastest rate in the coming years.

Based on end user, the vacuum blood collection tube market is segmented into hospitals and clinics, ambulatory surgical centers, pathology labs, and blood banks. The blood banks segment held the largest share of the market in 2021. Moreover, the same segment is estimated to register the highest CAGR of 8.8% in the market during the forecast period.

 

BD; Narang Medical Limited; Terumo Corporation; GPC Medical Ltd.; Vitrex Medical A/S; Medtronic; KALSTEIN FRANCE; ELITech Group; F.L. Medical; and STRECK, INC. are a few leading companies operating in the vacuum blood collection tube market. The companies are adopting inorganic and organic growth strategies to expand their footprints and product portfolio across the world to meet the rising demands for vacuum blood collection tubes. In July 2021, BD sodium citrate blood collection tubes were granted Emergency Use Authorization (EUA) by the US Food and Drug Administration. The EUA was for BD Vacutainer Plus Citrate Plasma Tubes manufactured at the UK manufacturing site. These tubes measure disorders in blood clotting, also called coagulopathies that can occur in cases of COVID-19.

 

Vacuum Blood Collection Tube Market, by Region, 2021(%)

Vacuum Blood Collection Tube Market, by Region, 2021(%)

Vacuum Blood Collection Tube Market Size | Report 2021, 2028

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Vacuum Blood Collection Tube Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Serum Separating Tubes, EDTA Tubes, Heparin Tubes, ESR Tubes, and Glucose Tubes), Material (PET, Polypropylene, and Tempered Glass), Application (Blood Routine Examination, Biochemical Test, and Coagulation Testing), and End User (Hospitals and Clinics, Ambulatory Surgical Centers, Pathology Labs, and Blood Banks), and Geography


 

By geography, the vacuum blood collection tube market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South and Central America (Brazil, Argentina, and the Rest of SCAM).

COVID Impacts

The North American economy is severely affected due to the exponential growth of COVID-19 cases in the region. The COVID-19 pandemic is expected to have an imperceptibly negative impact on the market. The COVID-19 pandemic and the subsequent economic downturn have had a detrimental effect on people's mental wellness and built new barriers for those who already have a mental illness or behavioral disorders. About 4 in 10 adults in the US have reported anxiety or depressive disorder signs during the pandemic, a number that has remained mostly steady, up from one in ten adults who had related symptoms from January to June 2019. Many adults are reporting specific adverse effects on their mental health and well-being as a result of worry and stress about the coronavirus, such as difficulty sleeping (36%), eating (32%), increasing alcohol consumption or substance use (12%), and worsening chronic conditions (12%), according to the KFF Health Tracking Poll from July 2020. As the epidemic progresses, continuing and required public health actions expose many people to scenarios connected to poor mental health outcomes, such as isolation and job loss.

 
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