Capillary Blood Collection Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The capillary blood collection devices market size has grown rapidly in recent years. It will grow from $2.13 billion in 2023 to $2.41 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to increased awareness of disease screening, rise in home healthcare, growing geriatric population, increased focus on preventive medicine, expansion of infectious disease testing.
The capillary blood collection devices market size is expected to see rapid growth in the next few years. It will grow to $3.97 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to increasing preference for point-of-care testing, rising incidence of chronic diseases, rising demand for remote patient monitoring, growing emphasis on preventive healthcare, rising awareness about infectious diseases. Major trends in the forecast period include point of care testing, technological advancements, microfluidics, personalized medicine, remote patient monitoring.
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Scope Of Capillary Blood Collection Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Capillary Blood Collection Devices Market Overview
Market Drivers –
The increasing prevalence of chronic diseases is expected to propel the growth of the capillary blood collection devices market going forward. Chronic diseases are long-term health disorders that necessitate continual management and treatment. The increasing prevalence of chronic diseases can be attributed to factors such as aging populations, unhealthy lifestyles, environmental factors, and advances in medical diagnostics, leading to better disease detection. Capillary blood collection devices enable patients and healthcare providers to maintain better control over chronic diseases by facilitating regular, convenient, and less invasive blood testing. It leads to improved patient outcomes and quality of life. For instance, in July 2021, according to the International Diabetes Federation, the number of adults with diabetes was 537 million in 2021, which is projected to rise to 783 million by 2045. Therefore, the increasing prevalence of chronic diseases is driving the growth of the capillary blood collection devices market.
Market Trends –
Major companies operating in the capillary blood collection devices market are focusing on developing innovative products, such as neonatal and pediatric capillary blood sampling devices, to address specific needs and challenges in healthcare settings catering to infants and young children. For instance, in October 2023, Owen Mumford Ltd., a UK-based medical device company, launched Unistik Heelstik, a capillary blood sampling range for neonates and children. This collection includes four blood sample instruments, each designed for a specific developmental stage, Unistik Heelstik Toddler, Full Term, Preemie, and Micro Preemie. These devices are intended to solve the issues of capillary blood sampling in newborns and older babies to obtain acceptable sample volumes while causing the baby as little discomfort as possible. The Unistik Heelstik devices only target surface blood vessels, preventing them from penetrating deep enough to affect skin pain fibers.
The capillary blood collection devices market covered in this report is segmented –
1) By Product: Lancets, Micro-Container Tubes, Micro-Hematocrit Tubes, Warming Devices, Other Product
2) By Materials: Plastic, Glass, Stainless Steel, Ceramic, Other Materials
3) By Application: Whole Blood, Serum Protein Tests, Comprehensive Metabolic Panel Tests, Liver Function Tests, Dried Blood Spot Tests
4) By End-Users: Hospitals And Clinics, Blood Donation Centers, Diagnostic Centers, Home Diagnosis, Pathology Laboratories
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Regional Insights –
North America was the largest region in the capillary blood collection devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the capillary blood collection devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the capillary blood collection devices market are Cardinal Health Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Danaher Corporation, Novo Nordisk A/S, Becton Dickinson and Company, Henry Schein Inc., Terumo Medical Corporation, Smiths Medical ASD Inc., QIAGEN N.V., Gerresheimer AG, Radiometer America Inc., Greiner Bio-One International GmbH, SARSTEDT AG & Co. KG, Natus Medical Incorporated, Ypsomed Holding AG, Nipro Europe N.V., SEKISUI Medical Co. Ltd., Owen Mumford Ltd., PTS Diagnostics, Narang Medical Limited, Drew Scientific Group, B. Braun Lanka (Pvt) Ltd, HTL-STREFA S.A., Chengdu Rich Science Industry Co. Ltd
Table of Contents
1. Executive Summary
2. Capillary Blood Collection Devices Market Report Structure
3. Capillary Blood Collection Devices Market Trends And Strategies
4. Capillary Blood Collection Devices Market – Macro Economic Scenario
5. Capillary Blood Collection Devices Market Size And Growth
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27. Capillary Blood Collection Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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