The North America vacuum blood collection tube market is expected to reach US$ 2,077.60 million by 2028 from US$ 1,177.25 million in 2021; it is estimated to grow at a CAGR of 8.5% during 2021–2028.
Vacuum blood tubes are sterile plastic or glass tubes for collecting and storing blood samples for clinical and diagnostics testing. These are designed to manage the determined amount of blood used for diagnostics. The tubes are prefilled with anti-coagulants to stabilize and preserve the blood before analytical testing. The growth of the North America vacuum blood collection tube market is attributed to the factors such as increasing number of surgeries and growing blood donation and blood tests. However, risks associated with blood transfusion are likely to affect the market negatively.
North America Vacuum Blood Collection Tube Market Revenue and Forecast to 2028 (US$ Million)
Market Insights
Increasing Number of Surgeries
With the rise in prevalence of heart, liver, kidney, lungs diseases, and other chronic diseases, the surgeries performed every year have also increased reasonably. As per the National Chronic Kidney Disease fact sheet, in 2017, approximately 30 million people had chronic kidney diseases in the US. Moreover, as per the National Institute of Diabetes and Digestive and Kidney Diseases, approximately 661,000 Americans suffer from kidney failure, out of which 468,000 patients are undergoing dialysis procedures, and 193,000 have undergone kidney transplantation. Similarly, according to the seventh annual report of the American Joint Replacement Registry (AJRR) on knee and hip arthroplasty, approximately 2 million hip and knee procedures were performed, representing 1,347 institutions with data coming from hospitals, ambulatory surgery centers (ASCs), and private practice groups from all 50 states across the US and the District of Columbia in 2019–2020. Angioplasty and atherectomy are among the most common surgeries performed in the US. For instance, as per the latest interventional cardiology procedural analysis, more than 965,000 angioplasties are performed each year in the US. An angioplasty, also recognized as percutaneous coronary intervention (PCI), is a surgery that involves the insertion of a stent into a blocked or narrowed artery.
The rising number of accidents and injury cases will propel the demand for blood transfusion in the coming years. Accident casualties or trauma patients often face blood loss. Thus, transfusion of blood, particularly red blood cells, is required to restore the lost blood volume. Hence, the demand for blood transfusion in trauma patients, coupled with the rise in the incidence of injuries, will stimulate the growth of the blood collection devices market. With this alarming rise in the incidence of surgeries and blood transfusion procedures, the need for blood collection devices is rising, which is increasing the demand for vacuum blood collection tubes profoundly, giving a significant boost to the North America vacuum blood collection tube market.
Product-Based Insights
Based on product, the North America vacuum blood collection tube market is further segmented into heparin tubes, EDTA tubes, glucose tubes, serum separating tubes, and ESR tubes. In 2021, the serum separating tubes segment accounted for the highest share of the market, whereas the EDTA tubes segment is anticipated to be the fastest-growing segment with the highest CAGR during the forecast period. The most common types of tubes used in the industry are EDTA tubes, which are used in hematological testing and blood banks. The rising number of diseases and accidents are propelling the growth of these segments in the vacuum blood collection market.
North America Vacuum Blood Collection Tube Market, by Product – 2021 and 2028
Material-Based Insights
Based on material, the vacuum blood collection tube market is segmented into PET, polypropylene, and tempered glass. The PET segment held the largest share of the market in 2021. Moreover, the same segment is estimated to register the highest CAGR in the market during the forecast period.
Application-Based Insights
Based on application, the vacuum blood collection tube market is segmented into blood routine examination, biochemical test, and coagulation testing. The blood routine examination segment held the largest share of the market in 2021. Moreover, the coagulation testing segment is estimated to register the highest CAGR in the market during the forecast period.
End User-Based Insights
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. The same segment is anticipated to register the highest CAGR in the market during the forecast period.
Strategic Insights
Product launches and approvals are the commonly adopted strategies by companies to expand their global footprints and product portfolios. Companies in the North America vacuum blood collection tube market focus on the collaboration strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name worldwide.
North America Vacuum Blood Collection Tube Market – by Product
North America Vacuum Blood Collection Tube Market – by Material
North America Vacuum Blood Collection Tube Market – by Application
North America Vacuum Blood Collection Tube Market – by End User
North America Vacuum Blood Collection Tube Market – by Country
Company Profiles
The North America Vacuum Blood Collection Tube Market is valued at US$ 1,177.25 Million in 2021, it is projected to reach US$ 2,077.60 Million by 2028.
As per our report North America Vacuum Blood Collection Tube Market, the market size is valued at US$ 1,177.25 Million in 2021, projecting it to reach US$ 2,077.60 Million by 2028. This translates to a CAGR of approximately 8.5% during the forecast period.
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