Vacutainer Market Size, Share, Growth, And Industry Analysis, By Type (Serum Separating Tubes, EDTA Tubes, Plasma Separation Tubes and Others), By Application (Venous Blood Collection and Capillary Blood Collection), Regional Insights, and Forecast From 2024 To 2031

Vacutainer Market Report Overview

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The global vacutainer market size was USD 3927.2 million in 2021 and is expected to reach USD 5395.4 million in 2031, exhibiting a CAGR of 3.2% during the forecast period.

A sterile glass or plastic test tube with a colored rubber stopper that creates a vacuum inside the tube allows for the withdrawal of a specified volume of liquid is called a vacutainer blood collection tube. Additives intended to stabilize and maintain the material before analytical testing may be present in vacutainer tubes. The draw volumes, labelling options, and tubes with a safety-engineered stopper are all available. The vial's additives are indicated by the color. This inner needle punctures the rubber cap of the tube when it is inserted into the holder, and the vacuum created by the tube draws blood through the needle and into the tube. After removing the filled tube, a new one can be inserted and filled in the same manner. How much blood will fill the tube before it stops flowing.

One of the major factors supporting the expansion of the market for blood vacutainer tubes has been improvements in venipuncture methods. Market growth is being driven by an increase in demand for various types of collection tubes in both standard and specialized coagulation assays. Plastic blood collection tubes have grabbed the attention of the healthcare industries around the world in recent years. In recent years, a growing corpus of scientific research has concentrated on evaluating the function

COVID-19 Impact: Increase in Communicable Diseases During the Pandemic to Boost Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with vacutainer experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

In the upcoming years, the market for vacutainers is projected to grow as a result of an increase in communicable diseases, an increase in accidents and trauma cases, the introduction of liquid biopsy tests, and a rise in the need for blood components and blood donations. Until the COVID-19 outbreak is contained, the market is expected to be significantly impacted by this unprecedented worldwide public health crisis. Each test is often examined by independent and hospital laboratories in order to decide whether to refuse tests that cannot be conducted safely or to suggest consulting a laboratory hematologist for tests with a higher risk profile. This had a negative effect on the market for medical tubes around the world in the early months of the illness outbreak, which in turn restricted the use of blood collection devices.

Latest Trends

"Rise in Demand for Diagnostics Treatment to Enhance Market Sales "

One significant trend that is supporting the need for blood collection tubes is the rise in demand for diagnostic treatments. The usage of blood collection tubes by clinicians has increased due to the prevalence of chronic disorders in many nations. Particularly there has been a high demand for blood collection tubes in healthcare systems, primarily as a result of improvements in diagnostic technologies for a variety of patient populations.

Vacutainer Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into serum separating tubes, edta tubes, plasma separation tubes and others.

In terms of product, plasma separation tubes is the largest segment.

• By Application Analysis

Based on application, the market can be divided into venous blood collection and capillary blood collection.

In terms of application, venous blood collection is the largest segment.

Driving Factors

"Prevalence of Lifestyle Diseases to Propel Market Growth"

Globally prevalent lifestyle diseases, particularly in emerging nations, are expected to encourage market growth for blood collection tubes in the years to come. Due to this circumstance, people are now more likely to get regular checkups, and indicators for diseases are therefore becoming more important, particularly through the procedure of taking blood samples. Personal and workplace health checks are becoming more commonplace to promote the general well-being of employees. The fact that blood tests are the primary way for detecting these conditions bodes well for market growth and will likely play a significant role in the growth of the global blood collection tubes market.

"Rising Awareness About Blood Donation to Augment Market Growth"

Another significant driver propelling the Vacutainer market is the rising awareness of the advantages of blood donation. A health screening is necessary before a person can donate blood. This examination is carried out by a professional staff member. They measure hemoglobin levels, blood pressure, body temperature, and pulse. This free mini-physical can give a lot of useful information about one's health. It can accurately identify issues that might point to a medical condition or risk factors for specific diseases. This factor is anticipated to boost vacutainer market growth.

Vacutainer Market Regional Insights

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"Lack of Flashback to Impede Market Expansion"

The fact that there is no flashback to alert the phlebotomist that it is in the vein is one of the main drawbacks of vacutainers. No blood will be collected and the tube will need to be thrown away if the phlebotomist attaches the tube while the needle is not in the vein. The patient will need to be re-stuck, and the needle will need to be moved.

Regional Insights

"North America Dominates the Market Due to Strict Healthcare Policies"

North America Dominates the market and owns largest portion of vacutainer market share. The North American market for blood collection tubes is expected to experience high demand due to a number of major factors. In contrast, strict regulatory requirements and healthcare policies will also benefit the market throughout the projected period as producers often develop new, safer technologies for drawing blood. Additionally, because North America is a developed region, there is a high level of consumer awareness among institutions like hospitals and diagnostic institutes. This aspect is anticipated to benefit the market over the long term, along with government subsidies and improvements in blood collecting technology.

Key Industry Players

"Invention of New Technologies to Boost Market Growth "

The development of innovative blood collection techniques, the use of improved screening tests, and the introduction of automation in the blood collection process are all factors contributing to the market's success. Leading industry players are collaborating with other businesses in an effort to keep one step ahead of the competition. To diversify their product offerings, many businesses are now investing in the introduction of new products. One of the main methods used by participants to increase the scope of their product portfolios is mergers and acquisitions.

LIST OF TOP VACUTAINER COMPANIES

• BD (U.S.)
• Terumo (Japan)
• GBO (Austria)
• Medtronic (Ireland)
• Sekisui (Japan)
• Sarstedt (Germany)
• FL medical (Italy)
• Narang Medical (India)

Report Coverage

This research examines a report with in-depth studies that describe the companies in the market that have an impact on the forecasted period. It provides a thorough analysis by examining aspects like segmentation, opportunities, industry developments, trends, growth, size, share, restraints, etc. with the help of in-depth research that have been conducted. If the major players or the anticipated analysis of market dynamics change, this analysis may need to be adjusted.