Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.61 Billion | USD 5.80 Billion | 5.4% | 2023 |
According to a report from Zion Market Research, the global Capillary Blood Collection Devices Market was valued at USD 3.61 Billion in 2023 and is projected to hit USD 5.80 Billion by 2032, with a compound annual growth rate (CAGR) of 5.4% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Capillary Blood Collection Devices Market industry over the next decade.
Capillary blood collection devices are tools used to collect small blood samples from capillaries, typically via a fingerstick or heel prick. Commonly used in point-of-care testing, they include lancets, micro-collection tubes, and strips for procedures like glucose monitoring or hematology tests.
Rise in cases of chronic ailments and autoimmune disorders are some of the major aspects contributing towards massive demand for capillary blood collection devices. Moreover, blood collection from capillaries is a painless method and this kind of collected blood is sent for clinical tests. With massive use of point-of-care testing procedures, the method of collecting blood from capillaries has gained widespread popularity and this has transformed into humongous demand for capillary blood collection devices market. Apart from this, innovations in warming equipment and micro hematocrit methods will create new growth avenues for capillary blood collection devices market over forecasting timespan.Request Free Sample
Large-scale use of capillary blood collection equipment for testing of hemoglobin & glucose in hospital as well as clinics will drive industry trends. Need for safe blood assortment methods, rise in demand for enhanced blood sampling methods, and inclination towards use of disposable products for labs will prompt expansion of capillary blood collection devices market over anticipated timeline. Increase in non-communicable & contagious diseases will proliferate expansion of capillary blood collection devices industry over the years ahead. Massive use of automated equipment for collecting blood from infants and new-born babies has resulted into massive product penetration in healthcare sector across globe. Citing an instance, in April 2017, NIH researchers had demonstrated efficacy of Accriva Diagnostics Tenderfoot ® equipment, an automated capillary blood collection device, for blood sampling. Moreover, the device usage resulted in least pain in infants. Reportedly, the device enabled single skin incision in about 98% of infants with heel squeezing restricted to about 6% of infants, and NIPS score to be lower in comparison to other capillary blood collection devices.
Report Attributes | Report Details |
---|---|
Report Name | Capillary Blood Collection Devices Market |
Market Size in 2023 | USD 3.61 Billion |
Market Forecast in 2032 | USD 5.80 Billion |
Growth Rate | CAGR of 5.4% |
Number of Pages | 178 |
Key Companies Covered | Becton, Dickinson and Company; Terumo Medical Corporation; Cardinal Health; B Braun Melsungen AG; Bio One International GmbH; NIPRO Europe Corporation; Sarstedt AG & Co; Thermo Fisher Scientific Inc.; Kabe Labortechnik GmbH; Greiner and Owen Mumford Ltd. |
Segments Covered | By Product, By Application, By Material, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Furthermore, ease of utility and minimally invasive nature of capillary blood collection devices will enhance growth potential of capillary blood collection devices market during forecast period. Need for determining leukocyte & metabolite count, lactate proportion, biomarkers, and nucleic acid through blood sample collection will enlarge scope of capillary blood collection devices industry over the upcoming years.
North America To Contribute Majorly Towards Overall Market Size By 2032
Growth of capillary blood collection devices industry in North America during assessment period is due to rise in incidences of chronic & contagious ailments in countries such as the U.S. In addition to this, presence of giant players in countries such as Canada and the U.S. will proliferate expansion of capillary blood collection devices market size over upcoming years. Rise in diabetics has resulted into massive product penetration in North America. Additionally, presence of strong healthcare infrastructure units and high funding of healthcare research activities will transform the growth phase of regional market over the years to come.
Key players contributing towards market size and profiled in report include:
By Product
By Application
By Material
By Region
FrequentlyAsked Questions
Capillary blood collection devices are tools used to collect small blood samples from capillaries, typically via a fingerstick or heel prick. Commonly used in point-of-care testing, they include lancets, micro-collection tubes, and strips for procedures like glucose monitoring or hematology tests.
According to study, the Capillary Blood Collection Devices Market size was worth around USD 3.61 billion in 2023 and is predicted to grow to around USD 5.80 billion by 2032.
The CAGR value of Capillary Blood Collection Devices Market is expected to be around 5.4% during 2024-2032.
North America has been leading the Capillary Blood Collection Devices Market and is anticipated to continue on the dominant position in the years to come.
The Capillary Blood Collection Devices Market is led by players like Becton, Dickinson and Company; Terumo Medical Corporation; Cardinal Health; B Braun Melsungen AG; Bio One International GmbH; NIPRO Europe Corporation; Sarstedt AG & Co; Thermo Fisher Scientific Inc.; Kabe Labortechnik GmbH; Greiner and Owen Mumford Ltd.
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