North America Blood Collection Tubes Market to be Propelled by Rising Geriatric Population
Blood Collection Tubes Market: By Tube Type (Serum separating tubes, plasma separating tubes, EDTA tubes, heparin tubes, rapid serum tubes and others); By Geography (U.S. and Canada): North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023
Collection of blood samples is widely considered as one of the most vital procedures in the diagnosis of a variety of diseases, and it is remarkable both for the frequency with which it is undertaken and its simplicity. Millions of units of blood samples are collected every years from patients for testing a variety of hematology-related conditions or the chemistry of blood. Collection of blood samples continues to be a major focus of most laboratory activities and is a critical area of responsibility for diagnostic teams.
Owing to the vast scope of activity in the field of blood-sample collection, even slight improvements in design of blood collection tubes market, with a view to reduce risks and improve efficiency, can have a significant impact on patient experience and the safety of both patients and healthcare workers.
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Blood collection tubes are the specialized disinfected plastic or glass tubes with a closure. The closure is evacuated for creating a vacuum inside the tube that enables to draw predetermined amount of blood or other liquid.
Rising Need for Safe Blood Leads to Strict Measures for Blood Screening and Testing
Being a crucial component of the body and finding routine use in a number of surgeries and other treatment procedures, the proper collection, preservation, transfusion, and management of blood is highly critical for the diagnostic world. The rising risk of a number of infections transmitted through blood and a variety of hematological diseases has led to a huge rise in the number of blood tests carried out across the globe. It is estimated that over 18 million units of blood is transfused every year solely in the U.S., and is used for the treatment of a number of hematological diseases such as anemia, leukemia, and sickle cell conditions. Blood tests are also highly essential for the early diagnosis of diseases such as thalassemia, dengue, and a variety of cancers.
Rising Geriatric Population Drives Market
The high demand for blood and blood components, and the resultant demand for blood screening and testing, is the key driver of the global market for blood collection tubes. The U.S. market for blood collection tubes is also chiefly driven by the rising demand for blood and blood components to tackle a number of hematological, infectious diseases, and cancers. The market for blood collection tubes in North America is also driven by the increasing geriatric population and favorable reimbursement policies. Rising concerns regarding the spread of infectious diseases through donated blood are also driving the increased demand for reliable and efficient blood collection equipment and accessories, which has, in turn, significantly benefitted the global blood collection tubes market.
According to a report on blood collection tubes market in North America, published by Transparency Market Research, the market had a valuation of US$ 300.8 mn in 2014. The market is expected to expand at a healthy 8.6% CAGR between 2015 and 2023, and rise to US$ 632.1 mn by 2023.
Serum Collection Tubes to be Leading Product Segment
The major varieties of blood collection tubes available in the market include plasma separating tubes, EDTA tubes, serum separating tubes, rapid serum tubes, and heparin tubes. Of these, the segment of serum separating tubes accounted for a major share in the North America blood collection tubes market in 2014 owing to the high number of serum samples collected and utilized for a variety of diagnostics applications.
The market has huge development opportunities in the areas of implementation of new and more effective blood collection techniques, blood screening methods, and the automation of blood collection process.
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