Growing need for performing blood tests owing to instances of numerous types of diseases is one of the key reasons boosting the global blood collection tubes market. As the name suggests, the main purpose of blood collection tubes is to collect blood specimens for testing. Generally, these tubes are manufactured using plastic or glass materials. The evacuated structure of blood collection tubes helps in collecting the exact volume of patient’s blood specimen.
While manufacturing blood collection tubes, companies engaged in the global blood collection tubes market employ color-coding system. The closures of these tubes are given different colors according to the additive present in the tubes. Thus, this color-coding system helps paramedical staff to select the apt test tube according to the diagnostic test to be carried out on the blood sample.
Before taking patients for any surgical procedures, it is mandatory to perform some important blood tests of that patient. In recent times, there is surge in the surgical procedures performed worldwide. This includes various critical surgeries such as organ transplants, heart surgeries, and many more. Thus, rise in the number of surgeries in the world is projected to stimulate the growth of the global blood collection tubes market is the upcoming period.
Besides, growing health awareness among a wide range of worldwide population is pegged to increased number of preventive healthcare tests. This trend is fueling the growth of the global blood collection tubes market in recent times.
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The global market for Blood collection tubes was valued at US$ 1,569.8 million in 2017. The market is forecast to expand at a CAGR of 6.5% during the forecast period, 2018-2026.
The global market for Blood Collection Tubes is further segmented as product type, material type and end use. On the basis of product, global market for Blood Collection Tubes is segmented into plasma separating tube, serum separating tube, heparin tube, EDTA tube and rest. On the basis of material type, global market for Blood Collection Tubes is segmented into plastic and glass. On the basis of end use, the global market for Blood Collection Tubes is segmented into healthcare, R&D centres and diagnostic centres.
The next section of the report highlights the Blood Collection Tubes Market, by region, and provides the market outlook for 2018–2026. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional Blood Collection Tubes Market. Main regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). The report (global Blood Collection Tubes Market) evaluates the present scenario and growth prospects of the regional Blood Collection Tubes Market for 2018–2026.
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To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the Blood Collection Tubes Market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the Blood Collection Tubes Market is expected to develop in the future.