The global Capillary Blood Collection Devices market size is expected to be worth around US$ 2.75 billion by 2030, according to a new report by Vision Research Reports.
The global Capillary Blood Collection Devices market size was valued at US$ 2.15 billion in 2020 and is anticipated to grow at a CAGR of 6.4% during forecast period 2021 to 2030.
Increasing incidence of chronic, infectious, and autoimmune diseases are some of the major factors propelling market growth owing to the rising number of blood tests globally. Capillary blood draw technique has been most widely used for glucose and hemoglobin testing in clinics and hospitals. Ease of usage and minimally invasive nature also makes it ideal for home care diagnosis and testing, thereby boosting the market’s growth potential. The use of this technique in conjugation with PoC diagnostics has become the chosen mode of testing in remote and ambulatory health settings.
Blood gas detection, leukocyte & metabolite count, biomarker, nucleic acid, blood glucose, ferritin, lactate, effect of vitamin K-antagonist, and heavy metal ions analysis is commonly done using these samples. Thus, with the rising adoption of rapid PoC diagnostics, the usage of these devices is anticipated to increase in the near future.
Chronic diseases are a global healthcare problem with over half of the adult population in the U.S. suffering from chronic diseases, which contribute to over 75% of the total healthcare cost in the nation. Thus, the rising number of infectious and chronic diseases creates a huge demand for diagnostic testing, thereby propelling the growth of these collection devices.
Lancets were the most prominent product type in the market in 2017, owing to their frequent usage in blood draw procedures. This segment is poised to maintain its dominance through 2025 owing to the incessant need of lancets in these procedures. They comprise a small scalpel to make punctures in the skin in order to obtain a blood sample. With the rising incidence of infectious and chronic diseases, the demand for lancets has been increasing steadily.
These are typically seen in two variations - disposable and reusable. Disposable lancets are generally used in clinics and hospital settings wherein a large number of patients are tested for infectious and chronic diseases. Reusable lancet devices are mostly used in the home-care settings for routine glucose and hemoglobin analysis in diabetic and anemic patients, respectively.
Micro-container tubes are also projected to hold a considerable share in the market during the forecast period. They are specifically designed collection tubes for capillary blood collection. These tubes are available in a variety of forms such as serum-separating, EDTA, heparin, and plasma separation tubes. These additive coated tubes are used in accordance with hematology procedures and are also color-coded. Typically, these are available in microliters as capillary blood draws only test small amounts of blood. Plastic and glass are the most commonly used raw materials for manufacturing micro-container tubes.
By application, the capillary blood collection devices market has been segmented into whole blood tests, plasma/serum protein tests, comprehensive metabolite panel (CMP), liver panel tests, and dried blood spot tests. Whole blood tests were the most prominent application segment in the market in 2017 owing to their high frequency and ability to detect a wide range of diseases. Dried blood spot tests are anticipated to witness considerable growth during the forecast period owing to their use in the diagnosis of HIV, hepatitis infections, and other diseases.
Complete blood count tests are the most commonly performed blood tests. These tests are typically used for the determination of white blood cells (WBCs), red blood cells (RBCs), hematocrit, hemoglobin, and platelet counts. These tests provide clinicians with sufficient data to detect anomalies and ensure an accurate diagnosis. They are also used in monitoring certain diseases such as diabetes and anemia. The global rise in infectious and chronic diseases, such as cancer, anemia, autoimmune diseases, and diabetes, has increased the demand for hematology tests, especially whole blood tests.
Plasma tests or protein tests are used for analyzing protein levels in the blood. These tests provide clinicians an overall understanding of a patient’s health by analyzing albumin and globulin levels. Protein tests are typically performed to detect liver and kidney disorders, pancreatic disease & intestinal malabsorption, inflammation, nephrotic syndrome, and cirrhosis or chronic liver disease.
CMP includes a series of blood tests that analyze the body’s metabolism and energy consumption. These tests are typically performed annually based on a patient’s age or disease condition. The panel comprises tests that provide information about the status of a person’s metabolism including electrolyte and acid/base balance and levels of glucose and proteins, and health of kidneys and liver. It includes tests such as electrolytes, kidney tests, and liver tests. These tests are routinely performed in patients suffering from diabetes and other chronic diseases such as cancer and autoimmune diseases.
On the basis of end use, the market has been divided into hospitals and clinics, blood donation centers, diagnostic centers, home diagnosis, and pathology laboratories. Hospitals and clinics were the leading revenue contributor in the market in 2017 owing to frequent diagnostic testing and large inflow of patients. Home care diagnosis is estimated to register the highest CAGR during the forecast period owing to the introduction of novel devices that facilitate the easy and effective diagnosis of diabetic and anemic patients.
According to the Centers for Disease Control and Prevention, 125.7 million outpatient department visits were recorded in the U.S. With an increasing number of surgical procedures, such as angioplasty and kidney & liver transplants, and rising incidence of trauma, the requirement for blood transfusion has increased significantly in hospitals.
Mostly, blood donation centers operate as individual centers. However, some hospitals and clinics may have such centers. After collection, blood is processed and tested for any disease-causing factors and ultimately separated into its components, depending on the need. Increasing R&D expenditure by leading players to support the development and launch of new products and devices is also expected to supplement the growth of the segment.
Pathological, radiological, and other clinical tests are conducted in diagnostic centers. With the growing occurrence of endemic and pandemic diseases, the number of blood tests being conducted in diagnostic centers is also increasing. According to WHO, the incidence of tropical diseases such as dengue, chikungunya, malaria, and yellow fever has increased significantly, thereby fueling the demand for these devices. As these centers cater specifically to diagnostic needs, they have significant demand for these devices.
plastic accounted for the largest revenue segment in the market due to its high adoption, ease of usage & disposal, and cost-effective nature. The glass segment is likely to exhibit a lucrative CAGR during the same period owing to its predominant usage in the medical devices industry and stability during hematology procedures.
Plastic devices are commonly used in various collection products as they are lightweight, cost-effective, and biocompatible with the human body. Over the past few decades, plastic is increasingly being used for the manufacture of medical devices. Safety, chemical stability, transparency & clarity, flexibility, and durability are some of the major factors contributing to its increasing adoption in healthcare settings globally. This segment is expected to maintain its dominance throughout the forecast horizon.
In comparison to plastic, glass products can be easily recycled, thereby improving environmental sustainability. Thus, an increasing number of manufacturers are engaged in the production of glass-based products and devices. Glass also has a high resistance to heat and thus, is preferred over other raw materials for the manufacturing of medical devices. Stability, accuracy, and resistance to antimicrobial growth are some of the major reasons for the high adoption of these products.
Ceramic is used in the manufacturing of capillaries, connectors, adapters, and other related accessories. Some of the merits of the material are lightweight, high resistance to heat, temperature, and superior electrical insulation. The mechanical strength of these materials is one of the key factors responsible for its usage in the medical field. Its expensive nature and high cost of manufacturing are, however, limiting the growth of the ceramic segment during the forecast period.
Europe accounted for the second-highest revenue share in the market in 2017. It is projected to expand at a CAGR of 4.9% during the forecast period. The healthcare system in the region is publicly funded and some countries have adopted universal health care systems. Widening base of patients suffering from noncommunicable diseases and the presence of key market players have been propelling the regional market.
B. Braun Melsungen AG; SARSTEDT AG & Co. KG; Thermo Fisher Scientific Inc.; Becton, Dickinson and Company (BD); Cardinal Health; Nipro Europe NV; KABE LABORTECHNIK GmbH; Owen Mumford Ltd.; Terumo Medical Corp.; and Greiner Bio-One International GmbH.
Plasma/ Serum Protein Tests
Comprehensive Metabolic Panel (CMP) Tests
Liver Panel / Liver Profile/ Liver Function Tests
Dried Blood Spot Tests
Hospitals and Clinics
Blood Donation Centers
The Capillary Blood Collection Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Capillary Blood Collection Devices market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Capillary Blood Collection Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Capillary Blood Collection Devices market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Capillary Blood Collection Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Capillary Blood Collection Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Capillary Blood Collection Devices by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Capillary Blood Collection Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Capillary Blood Collection Devices market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Capillary Blood Collection Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Capillary Blood Collection Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Capillary Blood Collection Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Capillary Blood Collection Devices market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Capillary Blood Collection Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Capillary Blood Collection Devices market. These factors have benefited the growth of the global market for Capillary Blood Collection Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Capillary Blood Collection Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Capillary Blood Collection Devices are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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