South and Central America Vacuum Blood Collection Tube Market
The key factors that are driving the growth of the market are the rising number of surgeries and chronic diseases, and technological developments in blood collection techniques and tubes. However, risks associated with blood transfusion hamper the market growth.
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.
The South and Central America Vacuum Blood Collection Tube Market is valued at US$ 93.30 Million in 2021, it is projected to reach US$ 140.64 Million by 2028.
As per our report South and Central America Vacuum Blood Collection Tube Market, the market size is valued at US$ 93.30 Million in 2021, projecting it to reach US$ 140.64 Million by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.
The South and Central America Vacuum Blood Collection Tube Market report typically cover these key segments-
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The South and Central America Vacuum Blood Collection Tube Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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Essentially, anyone involved in or considering involvement in the South and Central America Vacuum Blood Collection Tube Market value chain can benefit from the information contained in a comprehensive market report.
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