Vacutainer Market To Witness Rise In Revenues During Period 2023 – 2033 : Fact.MR

The vacutainer market refers to the industry that manufactures and supplies vacutainers, which are blood collection tubes used to collect blood samples for various diagnostic tests. Vacutainers are widely used in clinical laboratories, hospitals, and other healthcare facilities for routine blood collection and testing. The market for vacutainers is driven by factors such as increasing demand for diagnostic testing services, growing prevalence of chronic diseases, and advancements in healthcare technology. Additionally, factors such as increasing awareness of the importance of early disease diagnosis and rising healthcare expenditure are also contributing to market growth.

Geographically, North America is the largest market for vacutainers, followed by Europe and Asia-Pacific. The market in Asia-Pacific is expected to grow at the highest rate due to factors such as increasing demand for diagnostic testing services, growing prevalence of chronic diseases, and rising healthcare expenditure in emerging economies such as China and India. Overall, the vacutainer market is expected to continue to grow in the coming years as the demand for diagnostic testing services increases worldwide, and as manufacturers continue to develop new and innovative products to meet the needs of healthcare facilities and laboratories. Additionally, the rising prevalence of chronic diseases is expected to drive the demand for vacutainers further.

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Key Market Segments Covered

  • By Additive
    • Vacutainers Without/No Additives
    • Vacutainers With Additives
      • Sodium Citrate
      • Gel+ BCA
      • Sodium Heparin
      • Lithium Heparin
      • EDTA Tubes
      • Fluoride Oxalate
      • Acid-citrate-dextrose
      • EDTA + Gel
  • By Application
    • Vacutainers for Venous Blood Collection
    • Vacutainers for Capillary Blood Collection
  • By Buyer Type
    • Vacutainers Used by Research Laboratories
    • Vacutainers Used by Hospitals and Clinics
    • Vacutainers Used by Diagnostic Chains
  • By Material
    • Plastic (PET) Vacutainers
    • Glass Vacutainers
  • By Region
    • North America
    • Latin America
    • Europe
    • MEA
    • East Asia
    • South Asia
    • Oceania

Key Takeaways from Market Study

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

Key Companies Profiled

  • Becton, Dickinson and Company
  • Terumo Medical Corporation (TMC)
  • Greiner Bio-One International GmbH
  • Sekisui Medical Co., Ltd.
  • FL MEDICAL s.r.l. Unipersonale
  • VITREX Medical A/S
  • Sarstedt AG & Co., KG
  • Demophorius Healthcare
  • Chengdu Rich Science Industry Co., Ltd.
  • Hebei Xinle Science & Technology Co., Ltd.
  • CML Biotech (P) Ltd.
  • Medtronic PLC (Covidien)
  • Narang Medical Limited
  • Kalstein France
  • Zhejiang Gongdong Medical Technology Co., Ltd.