Blood Collection Tubes Market by Product Type (EDTA Tubes, Heparin Tubes, Plasma Separation Tube), Material Type (Glass, Plastic), End-User - Global Forecast 2024-2030

Blood Collection Tubes Market by Product Type (EDTA Tubes, Heparin Tubes, Plasma Separation Tube), Material Type (Glass, Plastic), End-User - Global Forecast 2024-2030

The Blood Collection Tubes Market size was estimated at USD 2.71 billion in 2023 and expected to reach USD 2.94 billion in 2024, at a CAGR 8.10% to reach USD 4.68 billion by 2030.

Blood collection tubes are the devices used for collecting, storing, and transporting blood samples in various clinical applications, including diagnostics, transfusions, research studies, drug discovery, genetic profiling, and forensic science. The aging population requiring regular blood tests for chronic diseases and increased demand for early diagnosis and preventive healthcare measures have increased the adoption of blood collection tubes. Further advancements in vacuum tube technology ensuring accurate sample extraction with minimal contamination, automation in laboratory workflows, and public awareness leading to regular medical check-ups have supported the market demand. However, stringent regulatory guidelines on product quality standards and cross-contamination risks during sample handling procedures hinder market growth. Apart from this, material advancements for improved storage solutions, biomarker integration to enhance diagnostic accuracy at point-of-care, and the development of IoT-enabled smart tubes are expected to create an opportunistic landscape for the market.

Regional Insights

In the Americas region, the increasing geriatric population leading to the prevalence of chronic diseases has increased the use of blood collection tubes. Moreover, healthcare tourism and spending capabilities for early disease diagnostics have flourished in this region. In the EMEA region, well-developed healthcare infrastructure and the presence of the major manufacturers leading to increased spending on research & development for product improvements have supported the market demand. Further, In the EMEA region, the Middle East and Africa demonstrate potential growth opportunities for blood collection tube products due to increasing healthcare investments in these regions. Governments are encouraging public-private partnerships to improve medical infrastructure, which may increase the demand for quality diagnostic products such as blood collection tubes. Asia Pacific region showcased an opportunistic landscape for the market in the face of large population countries requiring blood collection tubes for diagnostic tubes. The developing healthcare sector across the many economies in the region, along with government initiatives focusing on providing accessible healthcare services, is expected to support the market growth.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Blood Collection Tubes Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Rising demand for blood components and blood donations
• Increasing prevalence of infectious and non-communicable diseases (NCDs)
• Consistent increase in the number of accidents or trauma cases along with complex surgeries

Market Restraints

• Risks of interferences from the blood collection tube

Market Opportunities

• Growing utilization of blood collection tubes for different diagnostic studies
• Evolution of advanced medical test such as liquid biopsy tests

Market Challenges

• Complex process for blood storage and transportation

Market Segmentation Analysis

• Product Type: Rising use of plasma separation tubes for immunoassays and diagnostic tests
• Material: Extensive use of plastic tubes owing to its lightweight and unbreakable nature
• End-User: Adoption of blood collection tubes in diagnostic centers for improved blood sample management

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Blood Collection Tubes Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Blood Collection Tubes Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Husky Installs First-of-Its-Kind Medical Molding System in India

Husky implemented a state-of-the-art medical molding system in India, marking a significant milestone in the industry. This innovative system is designed exclusively for the production of blood collection tubes, catering to the specific needs of the medical sector. With the integration of an all-electric injection molding machine and two adjacent Husky HyPET HPP5 systems, the system streamlines and optimizes the entire production cycle.

CML Biotech installs integrated blood collection tube manufacturing machine

CML Biotech introduced integrated blood collection tube manufacturing machine. This cutting-edge machine is capable of completing multiple processes in one go, including the production of plastic molds and the filling of tubes with additives. By automating these tasks, CML Biotech expects to achieve significant cost savings of 25-30% in labor expenses, while also improving overall efficiency by 30-35%. Moreover, this innovative machine has been meticulously designed to adhere to high product quality and safety standards, ensuring the utmost reliability for medical professionals and patients alike.

MHT Mold & Hotrunner Technology and KEBO Partner on Blood Collection Tubes (BCT)

MHT Mold & Hotrunner Technology (MHT) and KEBO have formed a strategic partnership to introduce a new product line, Blood Collection Tubes (BCT). MHT's automated mold system is seamlessly integrated with KEBO's medical-grade operatory management system, ensuring utmost accuracy and quality. This collaboration provides healthcare facilities with a cost-effective and reliable solution for the safe collection, storage, and transportation of blood samples.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Blood Collection Tubes Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Blood Collection Tubes Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, AdvaCare Pharma, Becton, Dickinson & Company, Bioscientia Healthcare, Biosigma S.p.A., Cardinal Health, Inc., CML BIOTECH LIMITED, Convergent Technologies GmbH, FL Medical S.R.L., Greiner Bio One International Gmbh, Guangzhou Improve Medical Instruments Co. Ltd., Haemonetics Corporation, Labtech S.r.l., Medtronic plc, Micsafe Medical Group, Nanjing Vazyme Medical Technology Co., Ltd., Nipro Medical Corporation, QIAGEN N.V., Radiometer India, SARSTEDT AG & Co. KG, Smiths Medical, Inc. by ICU Medical, Inc., Sunphoria Co., Ltd., Terumo Corporation, and Vyaire Medical, Inc..

Market Segmentation & Coverage

This research report categorizes the Blood Collection Tubes Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product Type
• EDTA Tubes
• Heparin Tubes
• Plasma Separation Tube
• Rapid Serum Tubes
• Serum Separating Tube
• Material Type
• Glass
• Plastic
• End-User
• Diagnostic Centers
• Healthcare Centers
• Research & Development Centers

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year