Capillary Blood Collection Devices Market Overview
Capillary Blood Collection Devices as the name suggests, are the equipment used to collect the blood samplings for diagnosis and test purposes. These devices are highly important to obtain high-quality clinical results. Owing to its simple and painless blood collection technique, Capillary Blood Collection is vastly preferred among patients and clinicians alike.
Growing prevalence of chronic diseases and disorders such as diabetes, vascular, and heart diseases fuelled by the changing lifestyle, inclination towards the sedentary lifestyle & growing obesity disorder among people. Consecutively such factors are prompting the demand for diagnosis and treatment, increasing the demand for these Blood Collection Devices and subsequently, drive the market growth of these devices. Therefore, the global Capillary Blood Collection Devices Market is growing pervasively. Technological advancements in the field of medical science are also one of the key factor propelling the market growth, escalating the market growth pervasively. Substantial investments by the key market players transpired into the development of innovative devices, are in turn, paying off well fostering the market growth.
Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) has recently published a study report giving out the complete market prognosis up till 2023. According to MRFR, the global Capillary Blood Collection Devices market gaining further prominence will reach to USD 778.38 Million by 2022-2030 ,registering a CAGR of5.70% throughout the forecast period. On the other hand, factors such as prices of these devices along with the risk associated with capillary blood assortment techniques and blood contaminations are likely to impede the growth of Capillary Blood Collection devices market. However, the demand for sophisticated devices by the physicians and patients, in turn, is contributing to the market growth to a great extent.
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Capillary Blood Collection Devices Market Segmentation
MRFR report on the global capillary blood collection devices market is founded on the segmentation by material, type of devices, and end-user.
Based on the material, the capillary blood collection devices market can be segmented into plastic, glass, stainless steel, and others. The plastic segment has control over 42.3% of the market share and can exhibit a CAGR of 104% during the forecast period.
Based on the type of devices, the capillary blood collection devices market includes blood collecting tubes and collector, lancets, and warming devices. Tubes and collector have the maximum market share of 48.4%, whereas lancets are fast becoming popular.
Based on the end-user, the capillary blood collection devices market comprises home diagnostics, hospitals, clinics, diagnostic centers and pathology laboratories, and others. Home diagnostics segment is fast grabbing eyeballs owing to the awareness growing among the commoners and its user-friendly application nature.
Capillary Blood Collection Devices Market Regional Analysis
MRFR report segments the capillary blood collection devices market geographically into the Americas, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).
The Americas has the lion’s share in the capillary blood collection devices market owing to a hike in the healthcare expenditure, robust infrastructure, and knowledge about such devices. Researches to counter contagious diseases across the world is also a major reason that is spurring the regional market growth.
Europe follows the lead of the Americas in terms of generating revenues from the regional market. The region is profiting more from the government initiatives taken to help innovate products and bring down the price.
The APAC region is expected to register the fastest growth rate during the forecast period. The revamped healthcare sector in several countries and government initiatives can provide the thrust for the market to gallop forward.
Competitive Landscape:
Notable players in the capillary blood collection devices market as reported by MRFR are Danaher Corporation, F. Hoffmann-La Roche AG, Abbott Laboratories, Novo Nordisk A S, Becton Dickinson and Company, Ypsomed Holding AG, HTL-STREFA S.A., Medtronic PLC, Thermo Fisher Scientific Inc., B. Braun Melsungen AG, Terumo Corporation, Sarstedt AG & Co, Chengdu Rich Science Industry Co., Ltd., Owen Mumford Ltd., Greiner Bio-One, Improve Medical, Nipro, Medigard, Weigao Group, Weihai Hongyu Medical Devices, and others.
Recently, Seventh Sense’s introduced TAPdevice, which can collect 100 microliters capillary blood into a vacuum chamber. The process requires firing an array of 30 microneedles into the upper arm. They are now planning to launch one which can collect up to 250 microliters.
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