The blood collection tubes market of North America has observed considerable changes in terms of design and constituent materials of collection tubes in the past few years. The adoption of plastic tubes is rising at a considerable pace across all end-use segments and glass vials are being phased out rapidly. Serum separator tubes are witnessing increased adoption as the number of serum samples being collected is rising at a considerable pace in the region.
The rapid rise in the region’s geriatric population and a continuous rise in complex surgeries owing to the rising prevalence of chronic diseases such as a number of cancers and cardiovascular conditions. The vast surge in screening tests for a number ailments, rising demand for automation in the process of blood collection, and the positive outlook for the implementation of new blood collection techniques are collectively having a major influence on the North America blood collection tubes market. The highly consolidated market is witnessing vigorous efforts from manufacturers to devise new, safe, and improved blood collection technologies.
Transparency Market Research states that the North America blood collection tubes market will expand at a healthy CAGR of 8.6% from 2015 to 2023. At this pace, the market, which had a valuation of US$300.8 mn in 2014, will rise to US$632.1 mn by 2023.
Serum Tubes to See Rapid Growth in Demand
Serum tubes are anticipated to witness the highest demand in North America over the next few years, owing majorly to the vast surge in serum samples being collected and used for a number of diagnostic applications in the region. As a result, the products types of serum separating tubes and rapid serum tubes will collectively account for a substantial share in the overall market in the next few years.
The segment of serum separating tubes accounted for a nearly 40% share in the North America blood collection tubes market in 2014. It is expected to expand at an 8.9% CAGR from 2015 to 2023 and rise to a valuation of US$256.0 mn by 2023. On the other hand, the segment of rapid serum tubes, is expected to expand at a higher CAGR of 9.5% in the market over the period between 2015 and 2023. Rapid serum tubes will witness increased popularity as they enable improved workflow and throughput.
U.S. Emerges as Clear Leader
The market for blood collection tubes in North America is led by the U.S., which accounted for over 80% share in the market in 2014. The rapid rise in the country’s geriatric population is considered to be the major factor increasing the demand for effective diagnostic methods and intricate surgeries. As blood collection tubes play a central role in these two areas, their demand has also surged in the country in the past few years. Moreover, government initiatives aimed at improving healthcare facilities in the country as well as making healthcare services wide-reaching and affordable (the Patient Protection Affordable Care Act (PPACA) introduced in March 2010, for instance) have also enabled the U.S. blood collection tubes market take the top spot.
The competitive landscape of the market features intense consolidation, with the topmost vendor, Becton Dickinson and Company, accounting for over 90% of the market in 2014. Other leading players in the market are companies such as Terumo Corporation and Qiagen N.V.
Chapter 1 Introduction
1.1 Report Description
1.2 Research Methodology
1.3 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 North America Blood Collection Tubes Market Overview
3.2 Blood Transfusion Process
3.3 Types of Blood Collection Tube by
3.4 Market Dynamics
3.5 Cost of Tube Components: Blood Collection Tubes Market
3.6 Pricing Analysis, Blood Collection Tubes
3.7 Regulatory Scenario
3.8 Market Attractiveness Analysis: Blood Collection Tubes Market, by Geography, 2014
3.9 Competitive Landscape, North America Blood Collection Tubes Market, 2014
Chapter 4 North America Blood Collection Tubes Market Revenue, by Type, 2013 - 2023 (USD Million)
4.2 Plasma Separation Tube
4.3 Heparin Tubes
4.4 Serum Separating Tubes
4.5 EDTA Tubes
4.6 Rapid Serum Tubes
Chapter 5 North America Blood Collection Tubes Market Revenue, by Country, 2013 - 2023 (USD Million)
5.2 North America
5.2.1 United States
Chapter 6 Recommendations
Chapter 7 Company Profiles
7.1 Becton, Dickinson and Company
7.1.1 Company Overview
7.1.2 Financial Overview
7.1.3 Product Portfolio
7.1.4 Business Strategies
7.1.5 Recent Developments
7.2 Greiner Group AG
7.3 Sarstedt AG & Co.
7.4 QIAGEN N.V.
7.5 Terumo Corporation
7.6 FL Medical srl
Growing concerns about spread of infectious diseases through donated blood has surged the demand for blood and blood products. Blood collection tube is a disinfected glass or plastic tube with a closure that is evacuated to create a vacuum inside the tube enabling the draw of a predetermined volume of liquid. The tubes are most commonly used to collect blood samples, but can also be used as urine collection tubes and as serum separator tubes. The research report on the blood collection tubes market provides detailed analysis of the North American market and helps in understanding the driving forces responsible for the growth of these tubes. With the increase in aging population and prevalence of diseases, there is an increase in the blood testing in the developed regions such as North America. Moreover, increasing government initiatives and rise in the number of surgical procedures in North America are the factors driving the demand for blood collection tubes. Demand for blood is continuously rising with patients undergoing advanced surgeries that require blood transfusions. In order to support patients, countries are expanding their healthcare coverage so that maximum number of people can avail of required treatment. While there are opportunities in the market for developing cell therapies, the cost of blood handling equipment is a major disadvantage.
The North America blood collection tubes market is segmented by tube type and by geography. The market by tube type includes serum separating tubes, plasma separating tubes, EDTA tubes, heparin tubes, rapid serum tubes and other tubes. The serum separating tubes account for considerable share of the market followed by EDTA tubes and others. Geographically, the market has been studied and estimated for North America region including the U.S. and Canada. The serum separating tubes segment dominated the market due to higher number of serum samples collected and used for various diagnostic applications. However, the rapid serum tubes market is expected to grow at a higher rate due to advanced technology and increase in work efficiency offered by the product.
The market overview section of the report demonstrates major market dynamics such as drivers, restraints, and opportunities that influence the current and future status of the industry. The market overview section includes market attractiveness analysis, by geography, to provide a thorough analysis of the overall competitive scenario in North America blood collection tubes market. This section of the report also includes the qualitative and quantitative analysis of the competitive landscape. The market has a bright outlook for implementing new blood collection techniques, screening tests and implementation of automation in the process of collection of blood. These factors are expected to create a significant demand for blood collection tubes across the globe. However, stringent regulatory guidelines and healthcare policies also influence the growth of the market. Manufacturers are coming up with new, improved and safe technologies for blood collection. Moreover, developed markets such as North America are expected to grow due to increased level of awareness, government support and advancements in blood collection technologies.
Market share analysis is also provided in the market overview section of the report for 2014 in terms of value (%). The report also provides important recommendations for market players and new entrants. These recommendations would enable existing market players to expand their market shares and help new companies to establish their presence in the blood collection tubes market across North America. The report concludes with the company profiles section, which includes key information about major players in the market such as financial overview, business strategies, and recent developments.
Major players in this market are Becton, Dickinson & Company (U.S.), Greiner Group AG (Austria), Sarstedt AG & Co. (Germany), QIAGEN N.V. (Germany), Terumo Corporation (Japan) and FL Medical srl (Italy).
The North America Blood Collection Tubes market has been segmented as follows:
- North America Blood Collection Tubes Market, by Tube Type
- Plasma Separation Tube
- Heparin Tubes
- Serum Separating Tubes
- EDTA Tubes
- Rapid Serum Tubes
- North America Blood Collection Tubes Market, by Geography