Vacuum Blood Tubes Market Trends, Size, Top Players 2031
The Vacuum Blood Tubes Market is expected to register a CAGR of 3.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.
The report is segmented by Vacuum Blood Tubes Market By Product (Gel and Clot Activator Tubes, Heparin Tubes, EDTA Tubes, Glucose Tubes, Serum Separating Tubes, ERS Tubes); Material Type (PET, Polypropylene, Tempered Glass); Application (Biochemical Test, Blood Routine Examination, Coagulation Testing, Others); End User (Hospitals and Clinics, Ambulatory Surgical Centers, Diagnostic Labs, Blood Banks), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Vacuum Blood Tubes Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Vacuum Blood Tubes Market Segmentation
By Product- Gel and Clot Activator Tubes
- Heparin Tubes
- EDTA Tubes
- Glucose Tubes
- Serum Separating Tubes
- ERS Tubes
- PET
- Polypropylene
- Tempered Glass
- Biochemical Test
- Blood Routine Examination
- Coagulation Testing
- Others
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Diagnostic Labs
- Blood Banks
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Diagnostic Labs
- Blood Banks
Strategic Insights
Vacuum Blood Tubes Market Growth Drivers- Rise in Health Concerns: Rising health concerns have led to increased demand for public and private medical laboratories and research laboratories in the UAE. The primary focus of medical laboratories is clinical research, where they offer several testing services. For instance, MaxMed laboratories, Al Rayan Medical Laboratory, and Al Tiraq Laboratory are clinical laboratories where blood sample collection and analysis procedures are performed daily, as per the laboratory's standard guidelines. Moreover, these laboratories have special facilities for blood sample preparation and storage of blood specimens. Further, in October 2022, the Dubai Health Authority (DHA) announced the launching the UAE's first-of-its drive-through blood test services.
- Certifications: The UNILABS will provide this new service, recognized by the ISO-certified Emirates International Accreditation Center (EIAC) in collaboration with the United Medical Center (UMC) in Dubai. By launching such a service, the customers can undergo drive-through blood tests as recommended by the treating physicians. In addition, the Parent's Guide to Cord Blood Foundation 2022 report states that most of the biobanks in the UAE are either cord blood banks or adipose stromal cell banks. Cord blood banking is one such example. A 2020 law was passed by the UAE Ministry of Health that became effective in January 2022, aiming for banks to collect cord blood units in the UAE to set up a laboratory and storage facility inside the UAE.
- Advanced Solutions: The process of rejuvenating, replacing, regenerating, and restoring cells and establishing healthy function is called regenerative medicine (RM). Also, the healthcare sector in the UAE favors the growth of the RM industry. Such high growth encompasses advanced biotherapies such as cell therapy, immunomodulation therapy, gene therapies, and tissue engineering, where blood sample/specimen collection and storage plays a critical role. For instance, in 2020, the Government of Dubai passed a law that focuses on the regulations on autologous adipose cellular therapies coupled with blood collection/specimen for research activities.
- High Prevalence of Blood Transfusion: There is a high prevalence of blood transfusion in major orthopedic and cardiovascular procedures. People highly prefer contactless blood collection to avoid the risk of infection and contamination during these procedures. This is likely to increase the demand for advanced healthcare infrastructure with improved facilities in hospitals
- Advanced Facilities: Countries in MENAT are introducing advanced healthcare facilities and services to overcome critical health issues. Several pathology laboratories and diagnostic centers have initiated blood collection at home services. Further, many companies launched home blood collection devices as such services became popular during the COVID-19 pandemic due to movement restrictions and social distancing norms. They are exercising strong leadership to address serious shortcomings in providing safe and good quality healthcare services.
- Rising number of Healthcare Staffs: State-of-art with new hospital complexes and hi-tech equipment with plenty of well-qualified staff Saudi Arabia has a good healthcare system with much of the high-tech equipment imported and a network of 2,000 healthcare centers within the province. These aspects are likely to offer lucrative opportunities to the market players, which is expected to fuel the growth of the MENAT vacuum blood collection tube market in the coming years.
- Hereditary blood disorders (HBD): Hereditary blood disorders (HBD) are a heterogeneous group of disorders characterized by a bleeding tendency of variable severity. Blood tests are conducted in order to detect blood disorders. As per the Annals of Saudi Medicine report, carrier screening (CS) is widely implemented in Saudi Arabia to identify reproductive carriers and reduce the consequences of single gene disorders. For example, more than half of the Saudi population is in a consanguineous marriage, which reflects an increasing number of autosomal recessive (AR) conditions
- Innovation and Research Investment: Saudi Arabia has the highest AR birth rate globally, with mutations accounting for 40% of the total mutation pools responsible for suffering from sickle cell anemia, cystic fibrosis, and Tay-Sachs disease. Further, sickle cell disease (SCD) is a common multisystem hereditary blood disorder in Saudi Arabia. For studies, studies reveal that SCD accounts for 2%-27% were carriers of sickle cell trait and 1.4% suffering from SCD as per the estimates published by the International Journal of Medicine in Developing Countries.
- Genetic Disorders: The Centre for Arab Genomic Studies, Dubai, UAE report states that genetic disorders in the Kingdom of Saudi Arabia (KSA) follow the unexpected trend of predominantly recessive disease transmission among the Arab population. For example, the two largest exome studies in KSA revealed that 71-83% of recessive mutation cases are positive for genetic disorders. The high prevalence of high rate of consanguineous marriages as a common practice among the Saudi population. Also, approx. 67.3% of KSA-CTGA disease records involve disorders transmitted through recessive inheritance. autosomal and X-linked disorders, as well as disorders classified with other relatively rarely reported forms of inheritance (sporadic, mosaic, Y-linked, mitochondrial, multifactorial, digenic inheritance, and different descriptions of transmission modes of the same disease reported between affected families are such examples. Thus, the rising prevalence of blood disorders and other genetic disorders among patients accelerates demand for vacuum blood collection tube ultimately driving the overall market growth during the forecast period.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Vacuum Blood Tubes Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Vacuum Blood Tubes Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Hereditary blood disorders (HBD)
Risks Associated with Blood Collection Tubes
Europe region is expected to witness a high growth rate in terms of CAGR after Asia Pacific region during the forecast period
Asia Pacific region is expected to witness the highest growth during the forecast period
Rise in Health Concerns
The Vacuum Blood Tubes Market is estimated to witness a CAGR of 3.9% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vacuum Blood Tubes Market - By Product
1.3.2 Vacuum Blood Tubes Market - By Material Type
1.3.3 Vacuum Blood Tubes Market - By Application
1.3.4 Vacuum Blood Tubes Market - By End User
1.3.5 Vacuum Blood Tubes Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VACUUM BLOOD TUBES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VACUUM BLOOD TUBES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VACUUM BLOOD TUBES MARKET - GLOBAL MARKET ANALYSIS
6.1. VACUUM BLOOD TUBES - GLOBAL MARKET OVERVIEW
6.2. VACUUM BLOOD TUBES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VACUUM BLOOD TUBES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. GEL AND CLOT ACTIVATOR TUBES
7.3.1. Overview
7.3.2. Gel and Clot Activator Tubes Market Forecast and Analysis
7.4. HEPARIN TUBES
7.4.1. Overview
7.4.2. Heparin Tubes Market Forecast and Analysis
7.5. EDTA TUBES
7.5.1. Overview
7.5.2. EDTA Tubes Market Forecast and Analysis
7.6. GLUCOSE TUBES
7.6.1. Overview
7.6.2. Glucose Tubes Market Forecast and Analysis
7.7. SERUM SEPARATING TUBES
7.7.1. Overview
7.7.2. Serum Separating Tubes Market Forecast and Analysis
7.8. ERS TUBES
7.8.1. Overview
7.8.2. ERS Tubes Market Forecast and Analysis
8. VACUUM BLOOD TUBES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
8.1. OVERVIEW
8.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. PET
8.3.1. Overview
8.3.2. PET Market Forecast and Analysis
8.4. POLYPROPYLENE
8.4.1. Overview
8.4.2. Polypropylene Market Forecast and Analysis
8.5. TEMPERED GLASS
8.5.1. Overview
8.5.2. Tempered Glass Market Forecast and Analysis
9. VACUUM BLOOD TUBES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BIOCHEMICAL TEST
9.3.1. Overview
9.3.2. Biochemical Test Market Forecast and Analysis
9.4. BLOOD ROUTINE EXAMINATION
9.4.1. Overview
9.4.2. Blood Routine Examination Market Forecast and Analysis
9.5. COAGULATION TESTING
9.5.1. Overview
9.5.2. Coagulation Testing Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. VACUUM BLOOD TUBES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS AND CLINICS
10.3.1. Overview
10.3.2. Hospitals and Clinics Market Forecast and Analysis
10.4. AMBULATORY SURGICAL CENTERS
10.4.1. Overview
10.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
10.5. DIAGNOSTIC LABS
10.5.1. Overview
10.5.2. Diagnostic Labs Market Forecast and Analysis
10.6. BLOOD BANKS
10.6.1. Overview
10.6.2. Blood Banks Market Forecast and Analysis
11. VACUUM BLOOD TUBES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Vacuum Blood Tubes Market Overview
11.1.2 North America Vacuum Blood Tubes Market Forecasts and Analysis
11.1.3 North America Vacuum Blood Tubes Market Forecasts and Analysis - By Product
11.1.4 North America Vacuum Blood Tubes Market Forecasts and Analysis - By Material Type
11.1.5 North America Vacuum Blood Tubes Market Forecasts and Analysis - By Application
11.1.6 North America Vacuum Blood Tubes Market Forecasts and Analysis - By End User
11.1.7 North America Vacuum Blood Tubes Market Forecasts and Analysis - By Countries
11.1.7.1 United States Vacuum Blood Tubes Market
11.1.7.1.1 United States Vacuum Blood Tubes Market by Product
11.1.7.1.2 United States Vacuum Blood Tubes Market by Material Type
11.1.7.1.3 United States Vacuum Blood Tubes Market by Application
11.1.7.1.4 United States Vacuum Blood Tubes Market by End User
11.1.7.2 Canada Vacuum Blood Tubes Market
11.1.7.2.1 Canada Vacuum Blood Tubes Market by Product
11.1.7.2.2 Canada Vacuum Blood Tubes Market by Material Type
11.1.7.2.3 Canada Vacuum Blood Tubes Market by Application
11.1.7.2.4 Canada Vacuum Blood Tubes Market by End User
11.1.7.3 Mexico Vacuum Blood Tubes Market
11.1.7.3.1 Mexico Vacuum Blood Tubes Market by Product
11.1.7.3.2 Mexico Vacuum Blood Tubes Market by Material Type
11.1.7.3.3 Mexico Vacuum Blood Tubes Market by Application
11.1.7.3.4 Mexico Vacuum Blood Tubes Market by End User
11.2. EUROPE
11.2.1 Europe Vacuum Blood Tubes Market Overview
11.2.2 Europe Vacuum Blood Tubes Market Forecasts and Analysis
11.2.3 Europe Vacuum Blood Tubes Market Forecasts and Analysis - By Product
11.2.4 Europe Vacuum Blood Tubes Market Forecasts and Analysis - By Material Type
11.2.5 Europe Vacuum Blood Tubes Market Forecasts and Analysis - By Application
11.2.6 Europe Vacuum Blood Tubes Market Forecasts and Analysis - By End User
11.2.7 Europe Vacuum Blood Tubes Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Vacuum Blood Tubes Market
11.2.7.1.1 Germany Vacuum Blood Tubes Market by Product
11.2.7.1.2 Germany Vacuum Blood Tubes Market by Material Type
11.2.7.1.3 Germany Vacuum Blood Tubes Market by Application
11.2.7.1.4 Germany Vacuum Blood Tubes Market by End User
11.2.7.2 France Vacuum Blood Tubes Market
11.2.7.2.1 France Vacuum Blood Tubes Market by Product
11.2.7.2.2 France Vacuum Blood Tubes Market by Material Type
11.2.7.2.3 France Vacuum Blood Tubes Market by Application
11.2.7.2.4 France Vacuum Blood Tubes Market by End User
11.2.7.3 Italy Vacuum Blood Tubes Market
11.2.7.3.1 Italy Vacuum Blood Tubes Market by Product
11.2.7.3.2 Italy Vacuum Blood Tubes Market by Material Type
11.2.7.3.3 Italy Vacuum Blood Tubes Market by Application
11.2.7.3.4 Italy Vacuum Blood Tubes Market by End User
11.2.7.4 Spain Vacuum Blood Tubes Market
11.2.7.4.1 Spain Vacuum Blood Tubes Market by Product
11.2.7.4.2 Spain Vacuum Blood Tubes Market by Material Type
11.2.7.4.3 Spain Vacuum Blood Tubes Market by Application
11.2.7.4.4 Spain Vacuum Blood Tubes Market by End User
11.2.7.5 United Kingdom Vacuum Blood Tubes Market
11.2.7.5.1 United Kingdom Vacuum Blood Tubes Market by Product
11.2.7.5.2 United Kingdom Vacuum Blood Tubes Market by Material Type
11.2.7.5.3 United Kingdom Vacuum Blood Tubes Market by Application
11.2.7.5.4 United Kingdom Vacuum Blood Tubes Market by End User
11.2.7.6 Rest of Europe Vacuum Blood Tubes Market
11.2.7.6.1 Rest of Europe Vacuum Blood Tubes Market by Product
11.2.7.6.2 Rest of Europe Vacuum Blood Tubes Market by Material Type
11.2.7.6.3 Rest of Europe Vacuum Blood Tubes Market by Application
11.2.7.6.4 Rest of Europe Vacuum Blood Tubes Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Vacuum Blood Tubes Market Overview
11.3.2 Asia-Pacific Vacuum Blood Tubes Market Forecasts and Analysis
11.3.3 Asia-Pacific Vacuum Blood Tubes Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Vacuum Blood Tubes Market Forecasts and Analysis - By Material Type
11.3.5 Asia-Pacific Vacuum Blood Tubes Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Vacuum Blood Tubes Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Vacuum Blood Tubes Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Vacuum Blood Tubes Market
11.3.7.1.1 Australia Vacuum Blood Tubes Market by Product
11.3.7.1.2 Australia Vacuum Blood Tubes Market by Material Type
11.3.7.1.3 Australia Vacuum Blood Tubes Market by Application
11.3.7.1.4 Australia Vacuum Blood Tubes Market by End User
11.3.7.2 China Vacuum Blood Tubes Market
11.3.7.2.1 China Vacuum Blood Tubes Market by Product
11.3.7.2.2 China Vacuum Blood Tubes Market by Material Type
11.3.7.2.3 China Vacuum Blood Tubes Market by Application
11.3.7.2.4 China Vacuum Blood Tubes Market by End User
11.3.7.3 India Vacuum Blood Tubes Market
11.3.7.3.1 India Vacuum Blood Tubes Market by Product
11.3.7.3.2 India Vacuum Blood Tubes Market by Material Type
11.3.7.3.3 India Vacuum Blood Tubes Market by Application
11.3.7.3.4 India Vacuum Blood Tubes Market by End User
11.3.7.4 Japan Vacuum Blood Tubes Market
11.3.7.4.1 Japan Vacuum Blood Tubes Market by Product
11.3.7.4.2 Japan Vacuum Blood Tubes Market by Material Type
11.3.7.4.3 Japan Vacuum Blood Tubes Market by Application
11.3.7.4.4 Japan Vacuum Blood Tubes Market by End User
11.3.7.5 South Korea Vacuum Blood Tubes Market
11.3.7.5.1 South Korea Vacuum Blood Tubes Market by Product
11.3.7.5.2 South Korea Vacuum Blood Tubes Market by Material Type
11.3.7.5.3 South Korea Vacuum Blood Tubes Market by Application
11.3.7.5.4 South Korea Vacuum Blood Tubes Market by End User
11.3.7.6 Rest of Asia-Pacific Vacuum Blood Tubes Market
11.3.7.6.1 Rest of Asia-Pacific Vacuum Blood Tubes Market by Product
11.3.7.6.2 Rest of Asia-Pacific Vacuum Blood Tubes Market by Material Type
11.3.7.6.3 Rest of Asia-Pacific Vacuum Blood Tubes Market by Application
11.3.7.6.4 Rest of Asia-Pacific Vacuum Blood Tubes Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Vacuum Blood Tubes Market Overview
11.4.2 Middle East and Africa Vacuum Blood Tubes Market Forecasts and Analysis
11.4.3 Middle East and Africa Vacuum Blood Tubes Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Vacuum Blood Tubes Market Forecasts and Analysis - By Material Type
11.4.5 Middle East and Africa Vacuum Blood Tubes Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Vacuum Blood Tubes Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Vacuum Blood Tubes Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Vacuum Blood Tubes Market
11.4.7.1.1 South Africa Vacuum Blood Tubes Market by Product
11.4.7.1.2 South Africa Vacuum Blood Tubes Market by Material Type
11.4.7.1.3 South Africa Vacuum Blood Tubes Market by Application
11.4.7.1.4 South Africa Vacuum Blood Tubes Market by End User
11.4.7.2 Saudi Arabia Vacuum Blood Tubes Market
11.4.7.2.1 Saudi Arabia Vacuum Blood Tubes Market by Product
11.4.7.2.2 Saudi Arabia Vacuum Blood Tubes Market by Material Type
11.4.7.2.3 Saudi Arabia Vacuum Blood Tubes Market by Application
11.4.7.2.4 Saudi Arabia Vacuum Blood Tubes Market by End User
11.4.7.3 U.A.E Vacuum Blood Tubes Market
11.4.7.3.1 U.A.E Vacuum Blood Tubes Market by Product
11.4.7.3.2 U.A.E Vacuum Blood Tubes Market by Material Type
11.4.7.3.3 U.A.E Vacuum Blood Tubes Market by Application
11.4.7.3.4 U.A.E Vacuum Blood Tubes Market by End User
11.4.7.4 Rest of Middle East and Africa Vacuum Blood Tubes Market
11.4.7.4.1 Rest of Middle East and Africa Vacuum Blood Tubes Market by Product
11.4.7.4.2 Rest of Middle East and Africa Vacuum Blood Tubes Market by Material Type
11.4.7.4.3 Rest of Middle East and Africa Vacuum Blood Tubes Market by Application
11.4.7.4.4 Rest of Middle East and Africa Vacuum Blood Tubes Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Vacuum Blood Tubes Market Overview
11.5.2 South and Central America Vacuum Blood Tubes Market Forecasts and Analysis
11.5.3 South and Central America Vacuum Blood Tubes Market Forecasts and Analysis - By Product
11.5.4 South and Central America Vacuum Blood Tubes Market Forecasts and Analysis - By Material Type
11.5.5 South and Central America Vacuum Blood Tubes Market Forecasts and Analysis - By Application
11.5.6 South and Central America Vacuum Blood Tubes Market Forecasts and Analysis - By End User
11.5.7 South and Central America Vacuum Blood Tubes Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Vacuum Blood Tubes Market
11.5.7.1.1 Brazil Vacuum Blood Tubes Market by Product
11.5.7.1.2 Brazil Vacuum Blood Tubes Market by Material Type
11.5.7.1.3 Brazil Vacuum Blood Tubes Market by Application
11.5.7.1.4 Brazil Vacuum Blood Tubes Market by End User
11.5.7.2 Argentina Vacuum Blood Tubes Market
11.5.7.2.1 Argentina Vacuum Blood Tubes Market by Product
11.5.7.2.2 Argentina Vacuum Blood Tubes Market by Material Type
11.5.7.2.3 Argentina Vacuum Blood Tubes Market by Application
11.5.7.2.4 Argentina Vacuum Blood Tubes Market by End User
11.5.7.3 Rest of South and Central America Vacuum Blood Tubes Market
11.5.7.3.1 Rest of South and Central America Vacuum Blood Tubes Market by Product
11.5.7.3.2 Rest of South and Central America Vacuum Blood Tubes Market by Material Type
11.5.7.3.3 Rest of South and Central America Vacuum Blood Tubes Market by Application
11.5.7.3.4 Rest of South and Central America Vacuum Blood Tubes Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL VACUUM BLOOD TUBES MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. VACUUM BLOOD TUBES MARKET, KEY COMPANY PROFILES
14.1. BD
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. TERUMO CORPORATION
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. MEDTRONIC PLC.
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. CML BIOTECH
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. F. HOFFMANN-LA ROCHE AG
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. AB MEDICAL, INC.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. FL MEDICAL
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. KENT SCIENTIFIC CORPORATION
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. VITREX MEDICAL A/S
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. ELITECH GROUP
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. BD
2. Terumo Corporation
3. Medtronic plc.
4. CML Biotech
5. F. Hoffmann-La Roche AG
6. AB Medical, Inc.
7. FL Medical
8. Kent Scientific Corporation
9. Vitrex Medical A/S
10. ELITech Group
11. Avena Medica
12. Paramedical s.r.l.
13. Shanghai Orsin Medical Technology Co.,Ltd.
14. Neoteryx, LLC
15. Biota
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.