Europe to dominate vacuum blood
collection system market with EU dominating the market throughout the forecast
period
The Vacuum
Blood Collection Report Covers Market analysis across regions – North
America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Vacuum Blood Collection Market
Introduction
Vacuum blood collection tube has
gained significant valuation in the last few decades. Emergence of this technology has led to
significant drop in overall blood contamination; while offering ease-of-use and
accuracy in blood to additive ratios. As a result, many laboratories are well
characterized by presence of vacuum blood collection tubes. Vacuum blood collection
gained major market share at start of 1970’s wherein many leading players along
with new entrants emerged in the market. Since then, the growth was however
staggering before making major leap at start of 21st century. This blood
collection tube industry is expected to create significant market opportunity
over the forecast period 2016-2023. Vacuum blood collection system is a double
pointed needle with a plastic holder and series of vacuum tubes with stoppers
at the end.
Technological advancement towards
offering better therapeutic results with single drop blood along with rising
pharmaceutical R&D spending to create good market prospects for the
industry leaders
Rising incidences of diseases,
changing lifestyle, increasing surgical and transfusion procedures and
emergence of many new diagnostic centers in developing regions is expected to
create substantial market opportunities for the players.
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Moreover, the system has its
added advantage over other blood collection technique. It is light weight,
close loop, safety protection cap and easy to handle making it preferable
choice among end-users. High shelf life also makes it one of the key products
available in the market. It has a long shelf life of as high as 16 months.
On the basis of product, vacuum
blood collection tube has been segmented into gel tube, heparin tube, EDTA
tube, serum tubes and others.
By end-use, pathology
laboratories are expected to dominate the market throughout the forecast period.
However, clinics are expected to gain significant traction over the forecast
period.
Global vacuum blood collection
system market is witnessing a positive trend with Europe dominating the market.
The region is primarily driven by Germany and UK. EU-5 accounted for over 70%
of the regional market. The region is however, expected to lose a major chunk
of the market in near future.
North America trails Europe with
both regions accounting for over 57% of global market. The region is primarily
driven by U.S.
Penetration rate of vacuum blood
collection tube in Asia Pacific is low compared to developed regions. However,
is expected to witness huge growth over the time frame. China and India are
expected to drive the market in near forecast period.
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Latin America and MEA are
expected to grow at relatively sluggish rate.
China based players are gaining
significant market traction and are expected to capture major chunk of the
market in developing regions.
Some of the key players in the
vacuum blood collection system market include
Terumo, Shandong Wego, Hebei
Xinle Sci&Tech Co.,LTD, Dickinson and Company (US), Sunphoria Co., Ltd.,
Narang Medical Limited, CML Biotech, Bio – X, Labtech Disposables, Becton
Key Developments
Major companies in the vacuum
blood collection market are focused on expanding their business in untapped
regions. For instance, in July 2019, Terumo BCT, a company that develops and
provides blood component and cellular technologies expanded its business in
sub-Saharan Africa. The company started its first regional office in the region
in Nairobi that is expected to focus on providing access to an adequate, safe
and sustainable blood supply.
Furthermore, players in the
market are also focused on upgrading and launching new products to expand their
product portfolio. For instance, in its financial year 2018, Greiner Bio-One
extended its range of safety products with an additional safety blood
collection set: The VACUETTE SAFETY Winged Set. The company also launched the
VACUETTE Serum Fast Tube and VACUETTE SAFELINK tube holder with integrated Luer
Lock connector.
Major companies are also focused
on adopting acquisition strategies to expand their product portfolio. For
instance, in April 2018, Sekisui Chemical Co., Ltd., a company that offers
disposable clinical examination materials including plastic vacuum blood
collection tubes, acquired all of the shares in Veredus Laboratories Pte. Ltd.,
a company that develops, manufactures and sells molecular analyzers and
diagnostic reagents.
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