Asia Pacific Vacuum Blood Collection Tube Market Forecast to 2028 - By Size, Share, Growth by End User and Forecast| Business Market Insights

Market Introduction

A vacuum blood collection tube is a sterile glass or plastic test tube with a stopper that creates a vacuum inside the tube so that a preset volume of liquid can be depicted. The vacuum blood collection tube prevents needle stick damage by preventing needles from coming in human contact and thus, adulteration. A double-pointed needle is fitted to a plastic tubular adapter in the vacuum blood collecting tube. Double pointed needles are available in numerous gauge sizes. The needle's length varies from 1 to 1 1/2 inches. Additional elements may be present in vacuum blood collection tubes, which are used to preserve blood for treatment in a medical laboratory. The increasing government subsidiaries and health services are likely to drive the market. In addition, the rising awareness regarding benefits of sterilization among the developed and developing economies is expected to offer significant growth opportunities in the market during the forecast period.

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Asia Pacific Vacuum Blood Collection Tube Strategic Insights

Strategic insights for the Asia Pacific Vacuum Blood Collection Tube provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Report Attribute	Details
Market size in 2021	US$ 491.17 Million
Market Size by 2028	US$ 885.76 Million
Global CAGR (2021 - 2028)	8.8%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Product Serum Separating Tubes EDTA Tubes Heparin Tubes ESR Tubes Glucose Tubes By Material PET Polypropylene Tempered Glass By Application Blood Routine Examination Biochemical Test Coagulation Testing By End User Hospitals and Clinics Ambulatory Surgical Centers Pathology Labs Blood Banks
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	BD Narang Medical Limited. Terumo Corporation Greiner AG FL MEDICAL s.r.l. GPC Medical LTD Vitrex Medical A/S ELITechGroup SEKISUI CHEMICAL CO. LTD SARSTEDT AG and Co. KG

Asia Pacific Vacuum Blood Collection Tube Regional Insights

The geographic scope of the Asia Pacific Vacuum Blood Collection Tube refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Market Overview and Dynamics

The Asia Pacific vacuum blood collection tube market is expected to grow from US$ 491.17 million in 2021 to US$ 885.76 million in 2028; it is estimated to register a CAGR of 8.8% from 2021 to 2028. The key factors driving the growth of the market are the advancements in healthcare facilities and infrastructure, and technological developments in blood collection techniques and tubes. However, risks associated with blood transfusion hamper the market growth.

The prevalence of blood transfusion in major orthopedic and cardiovascular spurs the demand for vacuum blood collection tubes in Asia Pacific. People prefer contactless blood collection to avoid infections and contamination risks. This will also lead to the demand for advanced healthcare infrastructure with improved facilities in the hospitals. Asia-Pacific countries are focusing on introducing advanced healthcare facilities and services to overcome critical health issues. Many pathology laboratories and diagnostic centers-initiated home visits for blood collection, and companies have launched devices to collect blood. Blood collection at home has become popular during the pandemic due to travel restrictions and social distancing norms. Moreover, Medicare, Medicaid, the State Children's Health Insurance Program (SCHIP), the Department of Defense TRICARE and TRICARE for Life program (DOD TRICARE), the Veterans Health Administration (VHA) program, and the Indian Health Service (IHS) program, six major government healthcare programs, provide healthcare services. The federal government has the principal responsibility of ensuring that ~US$ 500 billion invested annually through these programs are used wisely to reduce the burden of illness, injury, and disability; and improve the population's health and functioning. These government initiatives are likely to provide lucrative opportunities for the vacuum blood collection tube market players to introduce advanced products.

Asia-Pacific countries are expected to witness huge challenges due to the growing cases of COVID-19. Considering economic operations and geographic conditions, the outbreak of COVID-19 affected medical tourism, diagnostic kit and drug manufacturers, supply chains, and distributors. The shortage of healthcare infrastructure in low-income countries also posed serious problems. Restrictive measures are taken in countries such as India, South Korea, Singapore, Malaysia, and the Philippines to prevent the spread of COVID-19. According to the WHO, any additional health measures implemented in countries affected by the COVID-19 pandemic are likely to significantly interfere with international travel and trade. Asia-Pacific countries have large geriatric populations, which are known to be more susceptible to COVID-19. The health conditions of elderly COVID-19 patients are generally critical due to other chronic comorbidities such as diabetes and high blood pressure. Hence, the use of vacuum blood collection tubes in hospitals and diagnostic centers has increased substantially during the pandemic.

Key Market Segments

Based on product, the Asia Pacific vacuum blood collection tube market is segmented into heparin tubes, EDTA tubes, glucose tubes, serum separating tubes, and ERS tubes. In 2021, the serum separating tubes segment held the largest share of the market. Moreover, the EDTA tubes segment is expected to register the fastest CAGR during the forecast period.

Based on material, the Asia Pacific vacuum blood collection tube market is segmented into PET, polypropylene, and tempered glass. In 2021, the PET segment held the largest share of the market. Moreover, the same segment is also expected to register the highest CAGR during the forecast period.

Based on application, the Asia Pacific vacuum blood collection tube market is segmented into blood routine examination, biochemical test, and coagulation testing. In 2021, the blood routine examination segment held the largest share of the market. However, the coagulation testing segment is also expected to register the fastest CAGR during the forecast period.

Based on end user, the vacuum blood collection tube market is segmented into hospitals and clinics, ambulatory surgical centers, pathology labs, and blood banks. The blood banks segment held the largest share of the market in 2021. Moreover, the same segment is also estimated to register the highest CAGR of 9.1% in the market during the forecast period.

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on the Asia Pacific vacuum blood collection tube market are the Indian Health Service (IHS), National Institute of Mental Health (NIMH), and China Food and Drug Administration (CFDA).

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