What Has Been the Progress and Growth of the Blood Collection Tubes Market in Recent Years?
The blood collection tubes market has seen considerable growth due to a variety of factors.
•In recent years, the market size of blood collection tubes has experienced considerable growth. The market will expand from $6.5 billion in 2024 to $6.93 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.6%.
The historical growth rate can be credited to an increase in the animal feed sector, expansion of meat and poultry production, efficient utilization of nutrients, waste utilization in slaughterhouses, and organic fertilizer production.
What Can Be Expected from the Blood Collection Tubes Market in the Coming Years?
The blood collection tubes market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for blood collection tubes is predicted to experience substantial growth, expanding to "$9.75 billion in 2029 with a compound annual growth rate (CAGR) of 8.9%.
This growth during the forecast period is anticipated due to factors like the rising aquaculture industry, the increase in insect farming, the escalation of the global population, its use in biomedical research, and the expanded market for organic products. Key trends during this period will include technological progress in processing, advancements in animal nutrition research, research on blood meal-based biostimulants, along with trends in organic and non-GMO, and the development of hydrolyzed blood meal.
What Are the Critical Driver Fuelling the Blood Collection Tubes Market's Growth?
The surge in chronic diseases occurrence is fueling the expansion of the blood collection tube market. Chronic diseases are usually slowly developing long-term health conditions. Diabetes, cancer, and tuberculosis, some of the prevalent chronic diseases, are regularly screened via blood collection and sampling. The constant rise in infectious diseases and their diagnostic procedures due to unhealthy lifestyles and exposure to risks such as tobacco use, smoke, poor nutrition, including diet rich in salt and saturated fats but lacking fruits and vegetables, and physical inactivity is anticipated to propel the use of blood collection devices. As an example, it was predicted by the World Health Organization, a UN agency based in Switzerland, back in February 2024, that the number of new cancer cases will surpass 35 million by 2050, reflecting a 77% rise from the approximated 20 million cases in 2022. Therefore, the surge in chronic diseases rate is anticipated to spur the demand for blood collection tubes in the upcoming years.
How Is the Blood Collection Tubes Market segmented?
The blood collection tubes market covered in this report is segmented –
1) By Product Type: Plasma Separating Tube, Serum Separating Tube, Heparin Tubes, EDTA Tubes, Rapid Serum Tubes, Other Product Types
2) By Material: Glass, Plastic
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Plasma Separating Tube: Gel Plasma Separating Tubes, Non-Gel Plasma Separating Tubes
2) By Serum Separating Tube: Gel Serum Separating Tubes, Non-Gel Serum Separating Tubes
3) By Heparin Tubes: Lithium Heparin Tubes, Sodium Heparin Tubes
4) By EDTA Tubes: K2 EDTA Tubes, K3 EDTA Tubes
5) By Rapid Serum Tubes: Standard Rapid Serum Tubes, Clot Activator Rapid Serum Tubes
6) By Other Product Types: Blood Culture Bottles, Specialized Collection Tubes
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What New Trends Are Influencing the Blood Collection Tubes Market?
The surge in technological advancements is a prevailing trend in the blood collection tube market. Prominent players in this market are designing and implementing innovative technologies to meet the rapidly expanding needs of the sector and fortify their global business footprint. For example, Rhinostics Inc., a US-based producer of medical devices, unveiled a cutting-edge automated sample collection system named Veristic focused on small-volume blood collection in June 2022. The Veristic suits both home-based and professionally assisted collection processes, proving to be a highly efficient, high-capacity substitute for antibody, hormone and protein detection, sexually transmitted infections (STIs), dried blood spot (DBS) cards, genetic testing, clinical trials, and additional applications facilitated by a straightforward finger prick collection.
Who Are the Key Players in the Blood Collection Tubes Market?
Major companies operating in the blood collection tubes market include:
• Becton Dickinson and Company
• Greiner AG
• Qiagen NV
• Sarstedt AG & Co. KG
• Terumo Corporation
• FL Medical SRL
• AdvaCare Pharma
• Cardinal Health Inc.
• Haematonics
• Narang Medical Limited
• Chengdu Rich Science Industry Co. Ltd.
• DWK Life Sciences
• Fresenius Kabi AG
• Grifols S.A.
• Hindustan Syringes & Medical Devices Ltd.
• Sekisui Chemical Co. Ltd.
• InterVacTechnology Inc.
• Advin Health Care
• MB Plastic Industries
• Biota
• Nipro Medical Corporation
• CML Biotech Pvt. Ltd.
• CDRICH Corporation
• Biosigma Srl
• VWR International LLC
• Abbott Laboratories Inc.
• Danaher Corporation
• Medline Industries Inc.
• Owens & Minor Inc.
What Is The Most Dominant Region In The Blood Collection Tubes Market?
North America was the largest region in the blood collection tube market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global blood collection tube market report during the forecast period. The regions covered in the blood collection tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
