Download Sample, 1.5 Million Deaths from Blood Loss are Fuelling the Demand in the Blood Tube Industry
The demand for blood collection tubes is on the rise due to a growing number of accidents and injuries occurring. Patients often require blood tests following incidents, injuries, or medical emergencies to assess their condition, detect injuries, and monitor their recovery. The middle value of yearly donations per blood centre is 1,300 in low-income nations, 4,400 in lower-middle-income nations, and 9,300 in upper-middle-income nations, while it is 25,700 in high-income nations. Healthcare workers require blood collection tubes in order to safely and efficiently collect blood samples for examination.
Various factors, such as accidents, childbirth, and blood vessel rupture, can lead to sudden blood loss, while conditions like leukaemia and cancer can also result in the depletion of blood cells, with blood collection tube drivers being one of the main causes. Moreover, in cases of heavy menstrual bleeding leading to potentially fatal complications, blood collection tubes can assist in providing the necessary blood for the patient. In May 2023, a study in the New England Journal of Medicine discovered a 60% decrease in severe bleeding after testing a series of treatments for postpartum haemorrhage.
The growth of the market is ascribed to the rise in the elderly population and the growing prevalence of chronic illnesses. Moreover, the increasing number of surgeries stemming from different conditions and accidents enhances the market. The increasing prevalence of these illnesses is predicted to greatly affect the market, as the growing burden of inflammatory and infectious diseases is also leading to a higher demand for blood collection, resulting in a positive and significant impact on the segment's grow.
Various factors, such as accidents, childbirth, and blood vessel rupture, can lead to sudden blood loss, while conditions like leukaemia and cancer can also result in the depletion of blood cells, with blood collection tube drivers being one of the main causes. Moreover, in cases of heavy menstrual bleeding leading to potentially fatal complications, blood collection tubes can assist in providing the necessary blood for the patient. In May 2023, a study in the New England Journal of Medicine discovered a 60% decrease in severe bleeding after testing a series of treatments for postpartum haemorrhage.
The growth of the market is ascribed to the rise in the elderly population and the growing prevalence of chronic illnesses. Moreover, the increasing number of surgeries stemming from different conditions and accidents enhances the market. The increasing prevalence of these illnesses is predicted to greatly affect the market, as the growing burden of inflammatory and infectious diseases is also leading to a higher demand for blood collection, resulting in a positive and significant impact on the segment's grow.
More Than 38,000 Blood Donations are Needed for Blood Conditions
Rising cases of chronic and infectious illnesses, increasing demand for blood transfusions, and a higher number of hematological disorders are all contributing to the increased use of blood collection tubes. Moreover, there is expected growth in demand for blood collection tubes in areas where diseases are common, for clinical testing purposes. Market growth is projected to increase because of factors such as the rising need for detecting infectious agents, cancer biomarkers, cardiovascular diseases, issues related to women's health, and substance abuse. Anaemia is estimated to affect half a billion women 15-49 years of age and 269 million children 6-59 months of age worldwide.
The market consists of a variety of products, from vacuum tubes, Serum Separating Tubes, EDTA Tubes to safety-engineered tubes to specialized tubes for specific uses like serum separation or molecular diagnostics. Reasons for the blood collection tube market's expansion consist of a rise in chronic illnesses,a higher need for diagnostic tests, improvements in healthcare facilities, and a growing elderly population.
Big companies in the blood collection tube sector are developing new strategies to meet the rising market needs and grow their international market presence. In June 2022, Rhinostics Inc., a US-based medical device manufacturer, launched the Veristic collection device, an automated sample collection technology specifically for small-volume blood collection, currently awaiting patent approval.
The market consists of a variety of products, from vacuum tubes, Serum Separating Tubes, EDTA Tubes to safety-engineered tubes to specialized tubes for specific uses like serum separation or molecular diagnostics. Reasons for the blood collection tube market's expansion consist of a rise in chronic illnesses,a higher need for diagnostic tests, improvements in healthcare facilities, and a growing elderly population.
Big companies in the blood collection tube sector are developing new strategies to meet the rising market needs and grow their international market presence. In June 2022, Rhinostics Inc., a US-based medical device manufacturer, launched the Veristic collection device, an automated sample collection technology specifically for small-volume blood collection, currently awaiting patent approval.
Recent Trends in the Blood Collection Tubes Market:
- Clot activators improve sample stability and integrity.
- Incorporating safety measures to reduce the risk of exposure to bloodborne pathogens.
- Growth in tubes designed supporting quicker diagnosis.
- Design enhancements to facilitate automation in blood collection and processing workflows.
- Miniaturization and automation trend towards smaller-sized tubes that are compatible.
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Shortage of Skilled Technicians and Product Recalls are Major Risks to the Market
The shortage of qualified experts and expensive blood-handling equipment will hinder the market's growth. In order to conduct successful research experiments, it is essential for researchers to have a thorough understanding of the underlying science. Hence, only highly trained individuals should conduct the blood collection process. The use of critical experiments is a recent development in Asian, African, and South American developing nations. Many laboratory technicians lack sufficient training on the newest technology in laboratory equipment and its advantages. Insufficient knowledge raises the chances of incorrect diagnoses, impacting the treatment procedure resulting in restriction of market growth during the forecast period.
Quality control and compliance issues present a challenge for the blood collection tube market. Blood collection tubes need to adhere to stringent quality standards in order to guarantee the precision and dependability of test findings. However, cases of quality control failures and failure to comply with regulations have occurred in the production and distribution of blood collection tubes. In November 2023, Medline Industries recalled certain kits and trays such as 0.9% Sodium Chloride Irrigation USP, Sterile Water for Irrigation USP and Saline Flush Syringe due to the potential lack of sterility resulting in the solution were not sterile.
Quality control and compliance issues present a challenge for the blood collection tube market. Blood collection tubes need to adhere to stringent quality standards in order to guarantee the precision and dependability of test findings. However, cases of quality control failures and failure to comply with regulations have occurred in the production and distribution of blood collection tubes. In November 2023, Medline Industries recalled certain kits and trays such as 0.9% Sodium Chloride Irrigation USP, Sterile Water for Irrigation USP and Saline Flush Syringe due to the potential lack of sterility resulting in the solution were not sterile.
The Introduction of Advancements and Creativity Resulted in the Launch of a New Product in the Market
Firms are aiming to broaden their product pipelines through the submission of new molecule applications or the extension of current molecule applications. Additional tactics such as mergers and acquisitions, collaborations between industry and academia to bring more products to market, and sequencing methods will also influence the present market trends. The study also details unique product development plans of individual companies, as well as efforts to solidify their positions in the market, while assessing their pros, cons, chances, and risks. For instance, in January 2023, MHT Mold & Hotrunner technology and Kebo announced a collaboration to enhance their operations and offer comprehensive solutions for blood collection tubes to their clients.
Blood collection tube companies have utilized technology to develop intelligent tubes in the modern era. These tubes contain tracking devices, such as RFID chips, that allow for easy identification and tracking of samples during the diagnostic process. This new development reduces the chances of sample mix-ups, enhances traceability, and speeds up laboratory processes. The combination of classic tube production with advanced technology showcases how manufacturers are enhancing efficiency in diagnostics. For instance, in June 2024, Streck introduced its Protein Plus BCT direct draw whole blood collection tube to ensure blood sample integrity throughout storage, shipping, and handling.
Becton, Dickinson and Company, Greiner AG, Qiagen NV, F.L. Medical SRL, AdvaCare Pharma, Terumo Corporation, DWK Life Sciences, RAM Scientific, Hindustan Syringes & Medical Devices Ltd., Sarstedt AG & Co KG, Medtronic, Cardinal Health Inc., Abbott, Improve Medical Technology Co., Ltd., Soyagreentec Co., Ltd., Hebei Xinle Sci&Tech Co., Ltd. are some of the key players profiled in the blood collection tubes market report.
Blood collection tube companies have utilized technology to develop intelligent tubes in the modern era. These tubes contain tracking devices, such as RFID chips, that allow for easy identification and tracking of samples during the diagnostic process. This new development reduces the chances of sample mix-ups, enhances traceability, and speeds up laboratory processes. The combination of classic tube production with advanced technology showcases how manufacturers are enhancing efficiency in diagnostics. For instance, in June 2024, Streck introduced its Protein Plus BCT direct draw whole blood collection tube to ensure blood sample integrity throughout storage, shipping, and handling.
Becton, Dickinson and Company, Greiner AG, Qiagen NV, F.L. Medical SRL, AdvaCare Pharma, Terumo Corporation, DWK Life Sciences, RAM Scientific, Hindustan Syringes & Medical Devices Ltd., Sarstedt AG & Co KG, Medtronic, Cardinal Health Inc., Abbott, Improve Medical Technology Co., Ltd., Soyagreentec Co., Ltd., Hebei Xinle Sci&Tech Co., Ltd. are some of the key players profiled in the blood collection tubes market report.
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Leading Role of North America and Europe in the Market Expansion
The blood collection tubes market is projected to see the highest market share in the United States region. Blood collection methods using tubes are widely adopted in North America compared to other regions. Primary factors driving the growth of the blood collection tube market include strong government support and funding for research, well-developed healthcare infrastructure, and technological innovations in collection methods. The high rate of blood transfusions in North America is contributing to the growth of the blood-collecting tube market in the region. Approximately 6.8 million individuals in the United States give blood annually and 13.6 million units of whole blood and red blood cells are collected annually.
Europe's vacuum blood collection tube market holds the second-largest market share, thanks to increasing public and private awareness about blood donation and safe transfer procedures, supported by favorable official and corporate campaigns, which will drive market growth in the projected period. Moreover, the market share of the German vacuum blood collection tube market is the highest, while the UK vacuum blood collection tube market is expected to grow steadily in Europe in the forecasted period.
Europe's vacuum blood collection tube market holds the second-largest market share, thanks to increasing public and private awareness about blood donation and safe transfer procedures, supported by favorable official and corporate campaigns, which will drive market growth in the projected period. Moreover, the market share of the German vacuum blood collection tube market is the highest, while the UK vacuum blood collection tube market is expected to grow steadily in Europe in the forecasted period.
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The report provides a detailed overview of the blood collection tubes market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for blood collection tubes market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the blood collection tubes market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the blood collection tubes market. Some key country and region included in the blood collection tubes market report as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Ireland, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Egypt, Turkey, Morocco, Israel, Iran, Kenya, Nigeria, Rest of MEA |
Blood Collection Tubes Market Research Report Covers In-depth Analysis on:
- Blood collection tubes market detailed segments and segment-wise market breakdown
- Blood collection tubes market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in crop protection chemicals industry)
- Current, historical and forthcoming 10 years market valuation in terms of blood collection tubes market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Blood collection tubes market demand analysis
- Blood collection tubes market pricing analysis over forecast period (by key segment and by region)
- Blood collection tubes market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in crop protection chemicals market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in crop protection chemicals market
- Blood collection tubes market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on blood collection tubes market forecast by countries
- Mergers and acquisitions in crop protection chemicals market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What factors are driving the demand for blood collection tubes in healthcare?
The demand is driven by advancements in diagnostic techniques, increasing prevalence of chronic diseases, and growing awareness about efficient blood sample handling in healthcare and research sectors.
How are innovations impacting the blood collection tube market?
Innovations such as advanced materials, better safety features, and vacuum-based systems are enhancing the efficiency, reliability, and safety of blood collection tubes, meeting the evolving needs of healthcare professionals.
What challenges are market players facing in the blood collection tubes market?
Manufacturers face challenges like stringent regulatory requirements, high production costs, and the need for continuous innovation to meet diverse end-user expectations in healthcare and diagnostics.
