Global Capillary Blood Collection Devices Market: Overview

Significant rise in chronic diseases along with the rise of infectious diseases has led the demand in the global capillary blood collection devices market. Moreover, easily available of PoC diagnostics and increasing awareness of newly developed capillary blood collection products is also fueling growth in this market.  

The global capillary blood collection devices market is characterized on the basis of application, product type, material type, and end-user. In terms of product type, the market is segmented into micro-hematocrit tubes, micro-container tubes, lancets, warming devices, and others. Of these product types, the demand for lancets is likely to increase considerably in the coming years. Growing trend for minimum invasiveness during blood collection is the major factor boosted demand for lancets.

Key parameters covered in the report including drives, restraints, trends, and opportunities influencing the growth in the capillary blood collection devices market are thoroughly presented. With these insights, participants in this market can take well-informed and smarter decisions.

Global Capillary Blood Collection Devices Market: Trends and Opportunities

Large number of geriatric population, rising prevalence of food-borne diseases, and rapid urbanization has stimulated growth in the global capillary blood collection devices market. As per the data provided by WHO, non-communicable diseases such as cancer, cardiovascular disorders, chronic respiratory disorders, and diabetes accounted for 71.0% of the total deaths in 2017. Owing to this, there are higher chances of growth in the global capillary blood collection devices market over the coming years.

On the other hand, threat related with the technique used for capillary blood assortment might obstruct growth in the global capillary blood collection devices market.

Global Capillary Blood Collection Devices Market: Geographic Analysis

On the regional front, North America is projected to hold maximum share in the global capillary blood collection devices market over the projected period. High use of advanced technology and increasing investment in the healthcare sector has made this region a leading market for capillary blood collection devices. Moreover, supportive reimbursement policies and high awareness among people about the advantages of capillary blood collection will fuel growth in North America capillary blood collection devices market. Faster and early adoption of new instruments and surgical techniques further lead demand for these devices.

On the other hand, Asia Pacific is likely to contribute in the growth of the global capillary blood collection devices market. China and India are the main countries where the demand for capillary blood collection devices is high, as governments in these regions are spending heavily in the healthcare sector. Moreover, technological advancement and increasing medical research in Japan also expanded Asia Pacific capillary blood collection devices market.

Global Capillary Blood Collection Devices Market: Competitive Landscape

In this report, top-notch players are thoroughly explained along with their geographical presence, key strategies, and market holdings.  For example, BD has its presence in nearly 190 countries. Some of the prominent players are Kabe Labortechnik GmbH, Danaher, Improve Medical Technology Co., Thermo Fisher Scientific, Inc., BD, Sarstedt AG & Co., Medtronic, Terumo Medical Corporation, and Greiner Bio-One International GmbH.

Moreover, players are widely investing in either of these strategies that includes mergers and acquisition, partnership, collaboration, innovation, and expansion to gain higher share in the global market. For instance, Greiner Bio One has recently acquired Vacuette Portugal and Vacuette España. With this acquisition, the commercial distribution network of Greiner’s blood collection products will increase in Portugal and Spain, respectively.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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