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Published Date: 2016-01-25Number of Pages: 61

Blood Collection Tubes Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Blood collection tube is a plastic or glass tube that is without any infection or contamination. These tubes also have a closure, which is evacuated in order to build a vacuum in the interior of the tube, which in turn enables drawing an exact liquid volume from the patient. These tubes are primarily used to collect blood samples. However, they can also be used to collect urine samples as well as serum separator tubes. The North American market for blood collection tubes is gaining traction from a number of factors including the escalating demand from aging population for blood products and increasing number of complex surgical procedures. 

The blood collection tubes market in North America was worth US$300.8 mn in 2014, which is estimated to reach a valuation of US$632.1 mn by 2023, expand at a robust CAGR of 8.6% during the forecast period of 2015 to 2023. The prosperity of this market can be attributed to the vast opportunities available for the players in the form of advanced screening tests, implementation of new blood collection techniques, and advent of automation in the process of collection of blood. These are some of the key factors anticipated to cater a significant demand in the North America market for blood collection tubes across North American countries such as the U.S. and Canada. On the other hand, stringent regulatory guidelines and healthcare policies will also reflect positively on the market during the forecast period as manufacturers are frequently coming up with new and safer technologies in order to collect blood. In addition to that, North America makes for a developed region, and thereby has high level of awareness among the consumers such as hospitals and diagnostic centers. This factor, as well as the subsidies offered by the government in the U.S. and Canada and advancements in blood collection technologies is expected to favor the market in a long-term. 

Serum Separating Tubes In-Demand Segment

Based on product type, the global blood collection tubes market has been segmented into herapin tubes, plasma separation tube, EDTA tubes, serum separating tubes, rapid serum tubes, and others. Among these, the serum separating tubes segment accounted for 39.6% shares of the market in 2014, which was a result of utilization of diagnosis purposes across North America and utilization of diagnosis purposes across North America and increasing number of serum samples collected. Serum separating tubes utilize a particular gel that helps in separating blood cells from serum, and also contains particles that cause blood to clot easily. Serum is used to detect the presence of a particular antibody, antigen, hormone, and exogenous substances. Apart from that, the segment of rapid serum tubes is anticipated to increase at a higher rate during the forecast period, which is a result of advent of advanced technologies and incremented efficiency offered by the product. 

The U.S. Most Lucrative Market by a Country-mile

The U.S. is the most lucrative country in the North America blood collection tubes market, accounting for 84.6% of the demand, which is primarily a reflection of increasing geriatric population along with the prevalence of various diseases. In addition to that, the increasing government initiatives in the country of the U.S. is expected to drive this market further. For example, introduction of patient protection affordable care act (PPACA) in March 2010 provides healthcare coverage to more than 94% of Americans. Canada is the second most profitable country in the North America blood collection tubes market. 

The North America blood collection tubes market is consolidated with a Becton Dickinson and Company being the pioneer and industry leader with 95% of the market in 2014. With a strong product portfolio of pre-analytical systems, BD is expected to maintain its stronghold in the near future. Terumo Corporation and Qiagen N.V. are some of the other prominent companies operating in this market.

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
    • Others 
  • North America Blood Collection Tubes Market, by Geography
    • U.S.
    • Canada

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