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The blood collection tubes market size growth is expected to progress at a CAGR of 6.32% and is estimated at USD 752.75 million by 2026.
This blood collection tubes market research report has covered details of key players and demographic segmentation that highlight potential growth areas and competition. Furthermore, the post COVID-19 impact analysis on the market captured in this report will help players evaluate their business approaches.
Blood collection tubes market segmentation: Product (EDTA tubes, serum separating tubes, heparin tubes, ESR tubes, and glucose tubes) and geography (North America, Europe, Asia, and Rest of World (ROW))
Blood collection tubes market vendors: AdvaCare Pharma, Becton Dickinson and Co., Biosigma SpA, Bio-x, Borolab Scientific Glass Pvt. Ltd., Cardinal Health Inc., CML Biotech Pvt. Ltd., FL MEDICAL srl Unipersonale, Greiner AG, Guangzhou Improve Medical Instruments Co. Ltd, Hebei Xinle Sci and Tech Co. Ltd., Hindustan Syringes and Medical Devices Ltd., Labtech Disposables, Medtronic Plc, Narang Medical Ltd., QIAGEN NV, and SARSTEDT AG and Co. KG among others
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The increasing prevalence of chronic conditions is notably driving the blood collection tubes market growth, although factors such as lack of trained professionals may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the blood collection tubes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Blood Collection Tubes Market Driver
One of the key factors driving the global blood collection tubes industry growth is the increasing prevalence of chronic conditions, such as cancer, cardiovascular diseases, and neurological diseases. For instance, according to the International Agency for Research on Cancer, in 2020, the age-adjusted rate of new cancer cases was 19.3 million. In addition, in 2020, the global prevalence of COPD was approximately 3.4%. According to the Centers for Disease Control and Prevention (CDC), around 9 million adults in the US were diagnosed with chronic bronchitis in 2020. Globally, the number of diagnosed cancer cases is expected to increase from around 16.5 million to 21.3 million between 2017 and 2025. The prevalence of such diseases will augment the demand for blood collection tubes during the forecast period.
Key Blood Collection Tubes Market Trend
Growing number of strategic developments to new products is one of the key blood collection tubes market trends that is expected to impact the industry positively in the forecast period. For instance, in February 2022, Streck, Inc. launched RNA Complete BCT, a new blood collection tube. At room temperature, the blood sample can be stored in the tube for 7 days. In November 2021, Q-Sera introduced RAPClot in gel separator tubes in Japan. The company partnered with Terumo Corp., and they will manufacture the patented RAPClot in gel separator tubes in Japan. Such activities will further boost the growth of the market in focus in the coming years.
Key Blood Collection Tubes Market Challenge
One of the key challenges to the global blood collection tube industry growth is the lack of trained professionals who can handle technologically advanced diagnostic devices. For successful research experiments, researchers need to have proper knowledge of the science involved. Therefore, the process of blood collection must be performed by highly skilled personnel. The adoption of critical experiments is relatively new in the developing countries of Asia, Africa, and South America. Most laboratory technicians have not been trained adequately on the latest technology in laboratory equipment and its benefits. The lack of expertise increases the probability of wrong diagnoses, which may affect the treatment process. This will limit the market growth during the forecast period.
This blood collection tubes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global blood collection tubes market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the blood collection tubes market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the blood collection tubes market encompasses successful business strategies deployed by the key vendors. The blood collection tubes market is fragmented and the vendors are deploying the following growth strategies to compete in the market:
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The blood collection tubes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the blood collection tubes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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48% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for blood collection tubes in North America. Market growth in this region will be faster than the growth of the market in Europe.
The high demand for blood transfusion in countries such as the US and Canada, which is leading to an increase in the requirement for blood donations, will facilitate the blood collection tubes market growth in North America over the forecast period. For instance, it is estimated that around 4.5 million individuals in Canada and the US undergo blood transfusions each year.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 outbreak positively impacted the growth of the regional blood collection tubes market in 2020, owing to the increasing need for blood culture testing for patients with COVID-19 complications. Moreover, in 2020, many pathology laboratories and diagnostic centers initiated blood collection from homes for diagnosis and routine checkup purposes. Moreover, in 2021, the resumption of operations at clinics and the growing influx of non-COVID-19 patients in pathogenic laboratories further escalated the sales of blood collection tubes in this region. Thus, the market in North America is expected to grow during the forecast years.
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The blood collection tubes market share growth by the EDTA tubes segment will be significant during the forecast period. The significant increase in the demand for these tubes in hematological testing, including blood cell count and platelet count, will drive the market growth through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the blood collection tubes market size and actionable market insights on post COVID-19 impact on each segment.
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Blood Collection Tubes Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.32% |
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Market growth 2022-2026 |
$ 752.75 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.61 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 48% |
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Key consumer countries |
US, Canada, UK, Germany, Japan, and China |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AdvaCare Pharma, Becton Dickinson and Co., Biosigma SpA, Bio-x, Borolab Scientific Glass Pvt. Ltd., Cardinal Health Inc., CML Biotech Pvt. Ltd., FL MEDICAL srl Unipersonale, Greiner AG, Guangzhou Improve Medical Instruments Co. Ltd, Hebei Xinle Sci and Tech Co. Ltd., Hindustan Syringes and Medical Devices Ltd., Labtech Disposables, Medtronic Plc, Narang Medical Ltd., QIAGEN NV, and SARSTEDT AG and Co. KG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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