Blood Tubing Set Market Size, Share, Growth, and Industry Analysis, By Type (Adults, Children), By Application (Dialysis Center, Hospital & Clinic), Regional Forecast to 2031

BLOOD TUBING SET MARKET REPORT OVERVIEW

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global blood tubing set market size was USD 961 Million in 2021 and market is projected to touch 1455.04 Million by 2031, exhibiting a CAGR of 4.2% during the forecast period 2021-2031.

Blood tubing sets tend to be throwaway bloodlines designed to transport blood from a patient's circulatory system to a hemodialyzer via arterial tubing and through the hemodialyzer back the patient's vascular system via venous tubing. Patients blood, urine, and specimens of serum are collected in sterile glass or plastic for the identification of blood-related disorders. Blood collection tubes come in a variety of shapes and sizes, including EDTA tubes, blood extraction tubes, serum splitting tubes, vacutainer collecting containers, and sodium heparin collecting tubes.

Increasing demand for enhanced blood sample procedures, increasing requests for safe blood collecting technologies, and an increase in disposable laboratory items are driving blood tubing set market expansion.

COVID-19 Impact: Decline in Operations to Deplete Market Growth

The market was affected by the pandemic. The COVID-19 pandemic, a previously unreported global public health issue, is expected to have a significant impact on the blood tubing set market. In more general terms, both hospitals and independent laboratories review every test to figure out whether to refer patients to laboratory hematologists for testing with higher risk factors or to decline operations that could not be conducted safely. This had a negative influence on the blood tubing set market in the early phases of the pandemic and reduced the use for the blood tubing set.

LATEST TRENDS

"EDTA Tubes to Stimulate Market Development  "

EDTA tubes are commonly used in medical hematology and various blood cell testing equipment. EDTA works by collecting calcium in bloodstreams and preventing it from clotting. Most hematological operations, such as ablation therapy and blood transfusions, require the use of these tubes. It is mostly used to perform a full blood count. According to a study released in the month of October 2021, EDTA outperforms citrate as an anticoagulant in terms of platelet EV concentration stabilization. Furthermore, because the shelf life of platelet EVs for both anticoagulants is equivalent during just one freeze-thaw period, EDTA is suggested as an anticoagulant for the establishment of biorepositories for EV study.

BLOOD TUBING SET MARKET SEGMENTATION

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• By Type

Based on type; the market is divided into adults and children

Adults is the leading part of the type segment.

• By Application

Based on the application; the market is divided into dialysis center, hospital & clinic

Dialysis center is the leading part of the application segment.

DRIVING FACTORS

"Increasing Trend Toward Recyclable Laboratory to Aid Market Expansion "

As safe blood collection technologies become more ubiquitous, the sector is expected to grow quicker. A number of additional factors, such as an increasing trend toward recyclable laboratory products, an upsurge in trauma cases, a boost in surgeries such as cancer and transplants of organs, and an aging population, are expected to propel the blood tubing set market growth from 2022 to 2032.

"Rising Prevalence of Lifestyle Illnesses to Foster Industry Progress "

The rising prevalence of lifestyle illnesses such as obesity and diabetes, rising health-care expenditure, and the rapidly expanding diagnostic industry are propelling the global blood tubing set market forward. Furthermore, the growing older population, rising demand for laboratory automation, and higher awareness of preventative medicine are all propelling the blood tubing set market share forward.

RESTRAINING FACTORS

"Unsanitary Blood Transfusions to Limit the Market Evolution "

However, various constraints are limiting the worldwide blood tubing set market growth. The cost of manufacturing the blood tubing set is expensive, which will either cause market setbacks or growth. Furthermore, the possibility of contracting diseases as a result of unsanitary blood transfusions is a disadvantage of market expansion.

BLOOD TUBING SET MARKET REGIONAL INSIGHTS

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"Presence of Significant Players in North America to Support Market Advancement "

North America is predicted to grow significantly over the projection period. The presence of significant players, a significant number of injuries and persistent illnesses in the region as a whole, and developed medical facilities are some of the primary factors responsible for its huge share of the market. Because of favourable healthcare regulations, a large number of consumers, and an established healthcare sector will prove advantageous for the blood tubing set, the U.S. holds the largest share in this region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

LIST OF TOP BLOOD TUBING SET COMPANIES

• Fresenius (Germany)
• Baxter (U.S.)
• Nipro (Japan)
• Asahi Kasei (Japan)
• Bain Medical (China)
• JMS (India)
• Weigao (China)
• Tianyi Medical (China)
• NxStage Medical (U.S.)
• Nigale (China)
• Sansin (U.S.)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.