According to a recent study by Future Market Insights (FMI), the global vacuum blood collection devices market is expected to witness high growth during the forecast period.
The market is expected to grow from US$ 2.2 Bn in 2020 to over US$ 2.3 Bn through 2021. It also is expected to register cumulative CAGR of around 6.3% over the forecast period (2021-2031).
Vacuum blood collection devices are closed tubes for blood collection and thus reduces the direct exposure of blood to the environment thus lowering risk of contamination.
These tubes have improved sampling by allowing sample collection through single venipuncture.
Ease in the process of blood collection, processing and the lowering risk of contamination to the patients are the major factor driving the market growth.
Global burden of chronic diseases such as, cardiovascular disorders, cancer, and diabetes has increased at a rapid pace.
High prevalence of these diseases has enforced adherence to the regular health checkups and growing importance of markers for early diagnosis via blood tests.
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As blood tests are primary mode of diagnosis for these diseases, the rise in number of chronic diseases will positively drive the demand for vacuum blood collection devices, augmenting the market growth.
Rising advancements in the field of biotechnology have enabled the establishment of several non-invasive approaches for disease diagnosis.
Amongst other favorable diagnostic tools, liquid biopsy has emerged as a promising and versatile non-invasive cancer diagnostic tool.
Liquid biopsy analysis based on circulating cell-free nucleic acids, circulating tumor cells or other diseased cells from organs, and exosomes or other micro vesicles in blood offer new means for non-invasive diagnostic applications.
With growing number of stabilizing reagents and dedicated vacuum blood collection tubes available in the market, it has become possible to perform the post-collection preservation of circulating cell-free DNA (cfDNA) profiles in whole blood.
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Key Takeaways from Vacuum Blood Collection Devices Study
Some of the leading manufacturers of vacuum blood collection devices market are focusing on product launch collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.
In December 2017, Becton, Dickinson, and Company (BD) acquired C.R. Bard, Inc. As per the agreement, followed by acquisition C.R. Bard will operate as a wholly owned subsidiary of BD. Further, this acquisition, enabled company to expand their foot print I the global Life science, and medical devices segment.
The key market players covered by FMI include Becton, Dickinson, & Company, Greiner Bio-One GmbH, Guangzhou Improve Medical Instruments Co.,Ltd, AB Medical, Inc., SARSTEDT AG & Co. KG, Cardinal Health, Poly Medicure Ltd, FL Medical , InterVac Technology, CHENGDU RICH SCIENCE INDUSTRY CO., LTD., Zhejiang Gongdong Medical Technology Co., Ltd., Aptaca Spa., Hindustan syringes & Medical Devices.
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Vacuum Blood Collection Devices by Category
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About Future Market Insights (FMI) Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Future Market Insights Unit No: 1602-006, Jumeirah Bay 2, Plot No: JLT-PH2-X2A
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