Capillary Blood Collection Devices Market - Forecast(2021 - 2026)

 Capillary Blood Collection Devices Market size is $1410.60m in 2019, growing at a CAGR of 6.64% during the forecast period 2020-2025.Rising prevalence of infectious and non-communicable diseases, growing number of accident and trauma Devices is a significant factor driving the Capillary Blood Collection Devices Market during the forecast period 2020-2025 to its market growth. Rising developments in Lancet, Micro Hematocrit, Warming Devices are further contributing to its market growth. Also, capillary blood collection devices is driven by factor such as less blood sample, where in the risk of contamination decreases. In addition, rise in innovation for automated hematology analyzers are also contributing to its market growth. Furthermore, companies are investing more in research and development to come up with a variety of innovative products.

Report Coverage

The report: “Capillary Blood Collection Devices Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Capillary Blood Collection Devices Market.

By Material- Plastic, Glass, Stainless Steel and Ceramic.
By Product Type- Lancets, Micro-Container Tubes, Micro-Hematocrit Tubes and Warming Devices.
By Application-White Blood Test, Plasma Protein Test, Comprehensive Metabolite Panel, Liver Function Test and Dried Blood Spot Tests.
By End-User-Hospitals and Clinics, Blood Donation Centers, Diagnostic Centers, Home Diagnosis and Pathology Laboratories.
By Geography-North America, Europe, APAC and RoW.


Key Takeaways

  • Plastic dominated the Capillary Blood Collection Devices Market in 2019 owing to its lightweight, cost-effective, and bio-compatible with the human body.

  • Hospitals and Clinical Laboratories dominated the Capillary Blood Collection Devices Market in 2019 owing increasing number of blood testing done there.

  • North America dominated the Capillary Blood Collection Devices Market in 2019 owing to its increased health concern along with better health infrastructure.

  • Increasing diabetes patients and the demand for blood testing samples with a lancet in 2019 is a significant factor driving the capillary blood collection devices market during the forecast period 2020-2025.

  • By application white blood cell is projected to be the fastest growing with a CAGR of 7.31% during the forecast period 2020-2025.


By Material- Segment Analysis 

By Material Plastic dominated the Capillary Blood Collection Devices Market in 2019 owing to its lightweight, cost-effective, and bio-compatible with the human body. Moreover, the increase adoption of plastic in healthcare owing to its flexibility, durability safety, chemical stability, transparency, and clarity is further contributing to its market growth. Furthermore, plastics are used in a wide-scale in healthcare and possess the comfort in treatment and dumping making it easier for capillary blood collection devices which is turn is boosting the Capillary Blood Collection Devices during the forecast period 2020-2025.


By End-User- Segment Analysis

Hospitals and Clinical Laboratories dominated the Capillary Blood Collection Devices Market in 2019 owing to the increasing number of blood testing done there. Moreover, according to the American Hospital Association, (AHA) the total number of hospitals in U.S. accounts up to 6,210 in the year 2019.Doctor generally suggest patients to conduct in-house blood sampling in-order to gain results as soon as possible. Moreover, the blood samples collected in capillary blood collection tubes are usually tested in hospital laboratories and the result is updated with the patient details making it convenient and ease to refer health professionals.

Geography- Segment Analysis

North America dominated the Capillary Blood Collection Devices Market with a share of 30% in 2019 growing at a CAGR of 5.44% during the forecast period 2020-2025. Increasing health concerns along with well-developed technology and a better healthcare structure is a major factor driving its market growth. Moreover, government initiatives and CLIA waver on POC testing devices are estimated to be a significant factor pertaining acceptance levels of the devices in that region. Moreover, in February 2020, Becton, Dickinson & Company a leading global medical technology company collaborated with Babsons Diagnostic a transformative diagnostic blood-testing company to bring laboratory-quality, small volume blood collection to retail pharmacies.

"We also publish more than 100 reports every month in “Lifesciences and Healthcare”, Go through the Domain if there are any other areas for which you would like to get a market research study."




Location: United States

Comments

Post a Comment

Popular posts from this blog

Ethylene Methyl Acrylate Market - Forecast(2021 - 2026)

Ethylene Methyl Acrylate is one of the copolymer of ethylene that is exhibiting growing prevalence in the market. The Ethylene Methyl Acrylate (EMA) is projected to reach USD 9.8 billion by 2023 at a CAGR of 6.3% during the forecast period of 2018-2023. To develop new polymeric materials for both scientific and commercial purposes, the blending of two or more different polymers is often used. One such innovation is the production of Ethylene Methyl Acrylate (EMA). Ethylene Methyl Acrylate (EMA) is anticipated to increase the demand for Ethylene Methyl Acrylate in application such as plastics, adhesives and paints & coatings.  What is Ethylene Methyl Acrylate (EMA)? Technical grade acrylic acid is the key component for producing Ethylene Methyl acrylate. Acrylic acid formulated with methanol, in a reactor in elevated temperatures with water as by product to formulate ethylene methyl acrylate. It has a high ductility among thermoplastic and it as a very low tensile strength and l...
Read more

Mining Equipment Services Market - Forecast(2021 - 2026)

Mining Equipment Services market is analysed to grow at a   CAGR of 3.4%   during the forecast period 2021-2026 to reach   $160.9 billion by 2026 . Mining equipment services market is developing rapidly due to rise in the mining exploration activities and the growing demand of raw materials due to the rising mining projects. Moreover, rapid industrialization and globalization for improving a well-functioning economy is further driving the mining equipment market. Furthermore, the deployment of innovative services and parts such as part replacement services, maintenance services, fleet services and so on further rise the market’s growth. The third-party service providers also offer   predictive   maintenance contracts that enables loss of production, reducing in downtime, also leading to reduce the cost in the research and development of equipment maintenance services and inventors. These key drivers further propel the shift of companies towards third party vend...
Read more

Structural Insulated Panels Market

The Structural Insulated Panels Market is forecast to reach $547 million by 2025, growing at a CAGR of 6.56% during 2020-2025. Since the emergence of construction technology, construction of affordable and environmentally-sensible home at fast pace has brought dream home within the reach. Structural Insulated Panel (SIP) has become a topic of interest among researchers in the recent years. SIP has the advantages of minimal material wastage and labour-savingness whilst having potential to save house builders’ time and money as well as retaining the controlled quality. The report covers Structural Insulated Panels Market size by product and applications, Structural Insulated Panels Market share by top 5 companies and also the market share by start-ups during the forecast period. Report Coverage The report:  “Structural Insulated Panels Market – Forecast (2020-2025)”,  by IndustryARC, covers an in-depth analysis of the following segments of the Structural Insulated Panels Market....
Read more