South and Central America Vacuum Blood Collection Tube Market
South and Central America Vacuum Blood Collection Tube Market is growing at a CAGR of 6.0% to reach US$ 140.64 million by 2028 from US$ 93.30 million in 2021 by Product, Material, Application, and End User.

Published On: Jan 2022

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South and Central America Vacuum Blood Collection Tube Market

The EDTA tubes segment by product is estimated to lead the market growth during the forecast period.

According to a new market research study of “South And Central America vacuum blood collection tube market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product, Material, Application, End User and Country.” The South and Central America vacuum blood collection tube market is expected to grow from US$ 93.30 million in 2021 to US$ 140.64 million in 2028; it is estimated to register a CAGR of 6.0% from 2021 to 2028. The report highlights trends prevailing in the South and Central America vacuum blood collection tube market and the factors driving market along with those that act as hindrances.

Laboratory personnel finds blood collection from difficult venous access (DVA) patients challenging. In such cases, traditionally used products are often incapable of collecting adequate blood samples; this may lead to repeated attempts to collect blood. Multiple attempts may add to the risk of anemia and blood-borne pathogens among patients and nurses. To avoid this scenario, medical device manufacturers have launched innovative hematology-tube designs that support capillary-blood collection while reducing the risks of collecting blood in DVA patients. Furthermore, a vein illumination or vein visualization technique (vein finder) is a recent addition to safe blood collection procedures. It is used to support healthcare professionals in finding the right vein for venipuncture. The device illuminates the veins below the skin using ultrasound or infrared technology, thus providing easy vein access and decreasing the need for repeated venipuncture. In March 2020, Greiner AG (Greiner Bio-One) developed a new cap for MiniCollect capillary blood collection tubes. The developments in the products include a greater number of ridges, deeper surface to provide upgraded grip, and overlapped cap rim at the top of the tube that provides a better grip during the use of the product.

The COVID-19 outbreak has stringently affected medical services and medical tourism in South and Central America. Brazil, Argentina, Uruguay, Chile, Peru, and Colombia are affected by the second wave of COVID-19. The region is likely to impose further lockdowns due to the predicted onset of subsequent waves of infection. Many medical devices market players lose their businesses due to the temporary shutdown of production sites. Healthcare research institutes and pharmaceutical companies are stepping forward to discover a therapeutic solution for COVID-19. Companies are now focused on the development of the antibody-specific COVID-19 blood test. The rising number of blood tests performed for COVID-19 diagnosis is likely to boost the demand for vacuum blood collection tube market in the region.

Based on product, the South and Central America vacuum blood collection tube market is segmented into heparin tubes, EDTA tubes, glucose tubes, serum separating tubes, and ERS tubes. Based on material, the South and Central America vacuum blood collection tube market is segmented into PET, polypropylene, and tempered glass. Based on application, the South and Central America vacuum blood collection tube market is segmented into blood routine examination, biochemical test, and coagulation testing. Based on end user, the vacuum blood collection tube market is segmented into hospitals and clinics, ambulatory surgical centers, pathology labs, and blood banks. Geographically, the South and Central America vacuum blood collection tube market is sub-segmented into Brazil, Argentina and rest of South and Central America.

BD, Narang Medical Limited., Terumo Corporation, Greiner AG, FL MEDICAL s.r.l., GPC Medical LTD, ELITechGroup, SEKISUI CHEMICAL CO. LTD and SARSTEDT AG and Co. KG are among the leading companies operating in the South and Central America vacuum blood collection tube market.

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