APAC Region to Register Solid Growth in Blood Collection Tubes Consumption During Forecast Period.

Albany, NY, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Transparency Market Research delivers key insights on the Blood Collection Tubes Market in its published report, titled “Global Blood Collection Tubes Market: Industry Analysis and Opportunity Assessment, 2018–2026”. In terms of revenue, the global Blood Collection Tubes market is estimated to expand at a CAGR of 6.5% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.

Blood Collection Tubes are useful diagnostic tools in the practice of laboratory testing. Blood Collection Tubes provide accuracy and precision, safety, ease-of-use and speed of diagnostic process. Blood Collection Tubes provide greater accuracy in blood-to-additive ratios. Blood Collection Tubes are made up of plastic and glass. Plastic Blood Collection Tubes are highly preferred due to decreased breakage hazard and decreased weight. Blood Collection Tubes contain clot activators coated with water soluble polymer or anticoagulant. Blood collection tubes include Plasma Separating Tube, Serum Separating Tube, Heparin Tubes and EDTA tubes. The tube stoppers are color coded to indicate tube type for specific test. This color coding of tubes helps the laboratory staff in distinguishing the tubes for various laboratory tests.

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The global market for Blood Collection Tubes market is segmented as per product type, material type and end use. The growing demand for accuracy and precision in the medical tests is acknowledged as a key factor driving the Blood Collection Tubes market. Blood Collection tubes are the standard means of collecting blood specimen throughout healthcare & medical research to this day as they provide greater accuracy in blood-to-additive ratios. On the basis of product type, blood collection tubes are segmented as plasma separating tubes, serum separating tubes, heparin tubes, EDTA tubes and rest (ESR, RST tubes). Among these serum separating tubes accounts for a larger share.

On the basis of material type, blood collection tubes are segmented as plastic and glass tubes. Plastic blood collection tubes are highly preferred as they are inexpensive and safer than glass. Plastic Blood collection tubes offer certain practical operational advantages and are suitable for routine chemistry analysis. The shatter-resistant plastic reduces the risk of exposure to blood borne pathogens. On the basis of end use, blood collection tubes are segmented into healthcare centers which include hospitals and blood banks, R&D centers and diagnostic centers which include clinics and laboratories.

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This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the blood collection tubes market.

The North America Blood Collection Tubes market includes country level analysis for the U.S. and Canada. The U.S Blood Collection Tubes market is projected to grow at a CAGR of 6.5% during the forecast period wherein plastic tubes segment enjoy dominant share, by material type. The Latin America Blood Collection Tubes market includes country level analysis for Brazil, Mexico, Argentina and Rest of Latin America. The Brazil Blood Collection Tubes market is expected to expand at a CAGR of 6.6% during the forecast period. The Europe Blood Collection Tubes market includes country level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic, Russia, Poland and Rest of Europe. Germany and Italy account for a significant market share in the Europe Blood Collection Tubes market. 

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The Asia Pacific Blood Collection Tubes market includes country level analysis for China, India, ASEAN, Japan, Australia & New Zealand and Rest of APAC. The APAC Blood Collection Tubes market represents most lucrative geographic region wherein India and China represent substantial incremental opportunity during the forecast period. The APAC Blood Collection Tubes market is expected to expand at a CAGR of 7.3% during the forecast period. The Middle East and Africa (MEA) Blood Collection Tubes market includes country level analysis for GCC, South Africa, North Africa and Rest of MEA. Blood Collection Tubes market in the GCC region is particularly driven by high growth in the industrial segment. The MEA Blood Collection Tubes market is expected to expand at a CAGR of 4.4% over the forecast period.

Key players operating in the global market for Blood Collection Tubes include Beckton Dickinson & Co. Greiner Group AG, Terumo Corporation, Abbott Laboratories, Cardinal Health Inc, Qiagen N.V, Improve Medical Instruments., Medtronic PLC, Chengdu Rich Science Industry, and Sarstedt AG & Co.

In this report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.

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