Categories
Pharmaceutical

How Does Growth of Germany’s Healthcare Industry Assist Vacutainer Demand Rise

Rise in demand for serologic analysis and biopsy is evident due to high prevalence of numerous chronic diseases in the geriatric population. Changing demographics (ageing population) across developed regions is the requirement for medical equipment & devices at healthcare centres. Vacutainer manufacturers are concentrating on improving shelf life and production output to cater the growing market demand, globally.

For detailed insights on enhancing your product footprint, request for a sample here –  https://www.factmr.com/connectus/sample?flag=S&rep_id=5719

Increase in liquid biopsy analysis for non-invasive diagnostic applications and growing importance of pre-donation screening in blood transfusion are key enablers driving demand for vacutainers (vacuum-based blood collection tubes).

At present, North America holds the largest (over 50%) revenue in the global vacutainer market, owing to well-established healthcare facilities in the region since decades, especially in United States. As per the report published by Fact.MR, the global vacutainer market is anticipated to exceed a valuation of US$ 2.4 Bn by 2021, and is expected to expand at an impressive CAGR of more than 7% over the forecast period of 2021 to 2031.

Key Takeaways from Market Study

  • In 2020, one-half of market revenue was generated solely by North America.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5719

  • Vacutainers with additives account for more than 80% of global sales, and are utilised at large in North America.
  • In 2020, North America and Europe together accounted for three-fourth global market share. The European market is expected to offer more than US$ 440 Mn absolute dollar opportunity over the next ten years.
  • The market is highly concentrated in nature, with companies such as Becton, Dickinson & Company and Medtronic PLC holding around 33% of the global market share.
  • In terms of buyer, hospitals and clinics held around 38% of overall market share in 2020.
  • Application in venous blood collection amounts for over 65% overall demand.
  • The market in East Asia is projected to expand at a CAGR of around 11% throughout 2021-2031, while that in China at 14.5%.

vacutainer market region

“Large number of regional players in East Asia offering vacutainers at significantly lower cost makes it difficult for international players to expand in the region,” says a Fact.MR analyst.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5719

Winning Strategy

Advancements in technology related to medication and new ways of drawing blood for biopsy are likely to impact the current medical equipment market in the near future. Devices such as Velano Vascular’s PIVO, which provided a new approach to draw blood and made it easier to avoid acute pain through its needle-less blood drawing system, are the future of blood drawing systems. Owing to the needs of end users, innovation in vacutainers that allow an individual to collect blood (with less penetration of needles) without the support of doctors or clinical staff can be a key winning strategy for manufacturers.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/09/16/1915931/0/en/Sales-of-Ambulance-Cots-to-Gather-Pace-in-Line-With-Growing-Number-of-EMS-Providers-Worldwide-Fact-MR.html

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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Categories
Pharmaceutical

How Does Growth of Germany’s Healthcare Industry Assist Vacutainer Demand Rise

Rise in demand for serologic analysis and biopsy is evident due to high prevalence of numerous chronic diseases in the geriatric population. Changing demographics (ageing population) across developed regions is the requirement for medical equipment & devices at healthcare centres. Vacutainer manufacturers are concentrating on improving shelf life and production output to cater the growing market demand, globally.

For detailed insights on enhancing your product footprint, request for a sample here –  https://www.factmr.com/connectus/sample?flag=S&rep_id=5719

Increase in liquid biopsy analysis for non-invasive diagnostic applications and growing importance of pre-donation screening in blood transfusion are key enablers driving demand for vacutainers (vacuum-based blood collection tubes).

At present, North America holds the largest (over 50%) revenue in the global vacutainer market, owing to well-established healthcare facilities in the region since decades, especially in United States. As per the report published by Fact.MR, the global vacutainer market is anticipated to exceed a valuation of US$ 2.4 Bn by 2021, and is expected to expand at an impressive CAGR of more than 7% over the forecast period of 2021 to 2031.

Key Takeaways from Market Study

  • In 2020, one-half of market revenue was generated solely by North America.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5719

  • Vacutainers with additives account for more than 80% of global sales, and are utilised at large in North America.
  • In 2020, North America and Europe together accounted for three-fourth global market share. The European market is expected to offer more than US$ 440 Mn absolute dollar opportunity over the next ten years.
  • The market is highly concentrated in nature, with companies such as Becton, Dickinson & Company and Medtronic PLC holding around 33% of the global market share.
  • In terms of buyer, hospitals and clinics held around 38% of overall market share in 2020.
  • Application in venous blood collection amounts for over 65% overall demand.
  • The market in East Asia is projected to expand at a CAGR of around 11% throughout 2021-2031, while that in China at 14.5%.

vacutainer market region

“Large number of regional players in East Asia offering vacutainers at significantly lower cost makes it difficult for international players to expand in the region,” says a Fact.MR analyst.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5719

Winning Strategy

Advancements in technology related to medication and new ways of drawing blood for biopsy are likely to impact the current medical equipment market in the near future. Devices such as Velano Vascular’s PIVO, which provided a new approach to draw blood and made it easier to avoid acute pain through its needle-less blood drawing system, are the future of blood drawing systems. Owing to the needs of end users, innovation in vacutainers that allow an individual to collect blood (with less penetration of needles) without the support of doctors or clinical staff can be a key winning strategy for manufacturers.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/09/16/1915931/0/en/Sales-of-Ambulance-Cots-to-Gather-Pace-in-Line-With-Growing-Number-of-EMS-Providers-Worldwide-Fact-MR.html

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com