March 16th, 2021 Coherent Market Insights Releases

SEATTLE, March 16, 2021, (MEDGADGET) — Global Vacuum Blood Collection System Market – Insights

Vacuum blood collection system consists of a double pointed needle with a plastic holder and series of vacuum tubes with stoppers at the end. Vacuum blood collection is a convenient method that aids in reducing blood contamination. It also offers accuracy in blood to additive ratios. The use of vacuum blood collection system increased in the early 1970s. The adoption however, reduced later before witnessing a leap in the beginning of the 21st century.

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Global Vacuum Blood Collection System Market: Drivers

Increasing use of blood samples for disease diagnosis and R&D investment in the pharmaceutical sector is expected to boost growth of the global vacuum blood collection system market. Moreover, increasing incidence of lifestyle diseases, high number of surgical and transfusion procedures conducted, and establishment of new diagnostic centers is also expected to boost growth of the market.

The vacuum blood collection system offers several benefits over other blood collection techniques such as light weight, close loop, safety protection cap, easy handling, and longer shelf life (16 months), which are also expected to boost growth of the global vacuum blood collection system market over the forecast period.

Global Vacuum Blood Collection System Market –Taxonomy:

The global vacuum blood collection system market is segmented into:

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Among end users, the pathology labs segment is expected to account for the largest market share over the forecast period. The clinics segment is also expected to witness significant growth in the global vacuum blood collection system market.

Global Vacuum Blood Collection System Market: Regional Analysis 

Europe is expected to hold dominant position in the global vacuum blood collection system market over the forecast period, followed by North America, with Germany and the U.K. poised to be major growth engines. EU-5 accounted for over 70% share in the Europe market. However, the region is expected to lose a major chunk of the market share in the near future.

The adoption of vacuum blood collection tube in Asia Pacific is low compared to developed regions. However, the market in Asia Pacific is expected to witness significant growth over the forecast period, with China and India poised to be the major growth engines.

The markets in Latin America and Middle East and Africa are expected to witness relatively sluggish growth rate.

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Global Vacuum Blood Collection System Market: Competitive Landscape 

Major players operating in the global vacuum blood collection system market include Hebei Xinle Sci&Tech Co., Ltd., Dickinson and Company (US), Terumo, Shandong Wego, Narang Medical Limited, Sunphoria Co., Ltd., CML Biotech, Bio – X, Labtech Disposables, and Becton.

Major players in the market are focused on business expansion to enhance their market share. 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.

Major players in the market are focused on product development 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.

Key players in the market are also focused on adopting M&A 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.

Global Vacuum Blood Collection System Market Research Report Section 1: Global Vacuum Blood Collection System Industry Overview Section 2: Global Economic Impact on Vacuum Blood Collection System Industry Section 3: Global Market Competition by Industry Producers Section 4: Global Productions, Revenue (Value), according to Regions Section 5: Global Supplies (Production), Consumption, Export, Import, geographically Section 6: Global Productions, Revenue (Value), Price Trend, Product Type Section 7: Global Market Analysis, on the basis of Application Section 8: Vacuum Blood Collection System Market Pricing Analysis Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers Section 10: Strategies and key policies by Distributors/Suppliers/Traders Section 11: Key Marketing Strategy Analysis, by Market Vendors Section 12: Market Effect Factors Analysis Section 13: Global Vacuum Blood Collection System Market Forecast

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