Blood Collection Tube Market Analysis Report (2024-2029)

Market Insights

"The global blood collection tube market size was estimated at USD 5.1 billion in 2023 and is likely to grow at a CAGR of 6.8% during 2024-2029 to reach USD 7.7 billion in 2029."

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Blood collection tube are typically made of plastic or glass and are available in various sizes and configurations, each designed for specific types of blood tests and analysis. The tubes may contain additives or coatings to preserve the integrity of the blood sample and prevent clotting or contamination. These tubes play a crucial role in the healthcare sector, enabling healthcare professionals to collect, transport, and store blood specimens efficiently and securely.

Market Dynamics

Market Drivers

The market encompasses a wide range of products, including vacuum, safety-engineered, and specialized tubes for specific applications, such as serum separation or molecular diagnostics. Factors driving the growth of the blood collection tube market include the increasing prevalence of chronic diseases, rising demand for diagnostic testing, advancements in healthcare infrastructure, and the expanding aging population.

The blood collection tube market is evolving with trends like automation and standardization for efficiency, rising demand for specialized tubes catering to specific diagnostics, and an increased focus on environmental sustainability through eco-friendly materials and practices. However, the market also faces pivotal challenges including precision in additive integration, effective supply chain management, and navigating the impact of global health crises, demanding strategic solutions for sustained resilience.

Manufacturers are revolutionizing diagnostics in the blood collection tube market with innovations like smart tracking for sample monitoring, sustainable materials for environmental responsibility, microfluidics for efficient collection, 3D printing for customized designs, and data integration for real-time information exchange. These advancements are shaping the future of accurate, efficient, and sustainable diagnostic processes. 

Recent Partnerships:

Blood collection tube market players form strategic partnerships to share expertise, accelerate innovation, and reduce costs. These collaborations enable market expansion, regulatory compliance, and risk mitigation, while also allowing specialization and fostering commitments to sustainability. Ultimately, such partnerships enhance the competitiveness and resilience of manufacturers in the dynamic healthcare sector. For instance;

• In January 2023, MHT Mold and KEBO AG formed a strategic partnership to provide comprehensive solutions for blood collection tubes.
• In November 2021, Australian company Q-Sera partnered with Japan's Terumo Corporation to manufacture and use its RAPClot™ rapid serum tube technology in Japan

Segment Analysis

Product Trends

"The serum separation tubes segment accounted for the largest market share."

The blood collection tube market is segmented into serum separation tubes, EDTA tubes, plasma separation tubes, rapid serum tubes, and others. Serum separation tubes hold the major share of more than 30% in 2023 and cater to market demand in the coming years. Due to increasing demand for early diagnosis and increasing chronic disease, Serum separation tubes hold the major share of more than 30% in 2023 and cater to market demand in the coming years. These tubes are used in specialized applications due to their nature of using gel for the separation of serum from blood.

Material Trends

"The plastic segment accounted for the largest market share."

The market is segmented into plastic and glass. Plastic tube holds the major share of more than 70%in 2023. Plastic tube to maintain an unwavering share in terms of value and volume, during the forecast period. Plastic blood collection tubes are generally more cost-effective to produce than their glass counterparts, contributing to their widespread adoption in healthcare settings. PET blood collection tubes, though pricier than glass, prove worthwhile for long-distance sample transport or extended storage due to their superior ability to maintain sample integrity and quality.

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End-User Trends

"The healthcare centers segment accounted for the largest market share."

The market is segmented into healthcare centers, diagnostic centers, and research centers. Healthcare centers holds a major share of more than 55% in 2023. Increasing demand for accurate diagnostic procedures contributes to their significant share in the market. The adoption of modern and standardized blood collection practices within healthcare centers further solidifies their position as key contributors.

Tube Trends

"The vacuum tubes segment accounted for the largest market share."

The market is segmented into vacuum tubes and non-vacuum tubes. Vacuum tubes holds the major share of more than 80% in 2023 & is expected to rise in the coming years. It offers precise control over the blood collection process, ensuring standardized and accurate sample volumes This is crucial for diagnostic testing, reducing the likelihood of errors and variation. These tubes are user-friendly, requiring less skill for blood collection. The standardized vacuum process ensures consistency across multiple samples.

Regional Insights

"North America accounted for the largest market share."

North America is expected to lead the market with a share of more than 40% in 2023, driven by robust economic growth, advanced healthcare infrastructure, and a high adoption rate of cutting-edge technologies in the region. It boasts a well-established and advanced healthcare infrastructure, providing a conducive environment for the adoption of innovative medical technologies.

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Key Players

The market is highly populated, with the presence of several local, regional, and global players. Major industry players, including Becton, Dickinson, and Company (BD) and Greiner Bio-One, are strategically increasing their production capacities to address the rising demand for tubes in recent years. These market leaders are consistently engaged in innovation, dedicating significant efforts and resources towards research and development. 

The following are the key players in the blood collection tube market:

• AdvaCare Pharm
• Becton, Dickinson and Company (BD)
• Cardinal Health
• FL MEDICAL s.r.l.
• Greiner Bio-One
• Gongdong Medical Technology Co., Ltd.
• SARSTEDT AG & Co. KG
• SEKISUI CHEMICAL Group
• Qiagen
• Yangpu Medical Technology Co., Ltd. / Improve Medical

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The blood collection tube market is segmented into the following categories.

By Product Type

• Serum Separation Tubes
• EDTA Tubes
• Plasma Separation Tubes
• Rapid Serum Tubes
• Others

By Material Type

• Plastic
• Glass

By End-User Type

• Healthcare Centers
• Diagnostic Centers
• Research Centers

By Tube Type

• Vacuum Tubes
• Non-vacuum Tubes

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, Spain, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Africa and Others)

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s blood collection tube Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com