Capillary Blood Collection Devices Market Analysis, Demand And Outlook 2025- 2034
Get 20% Off Market Intelligence Reports With Code ONLINE20 – Track Global Tariffs, Economic Shifts, and Sector Transformations
What Is the Expected Market Growth Rate for the Capillary Blood Collection Devices Market?
The capillary blood collection devices market size has grown rapidly in recent years. It will grow from $2.41 billion in 2024 to $2.72 billion in 2025 at a compound annual growth rate (CAGR) of 12.7%. 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 $4.29 billion in 2029 at a compound annual growth rate (CAGR) of 12.1%. 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.
Claim your free report sample now:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15530&type=smp
What Are the Primary Growth Contributors in the Capillary Blood Collection Devices Market?
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 December 2023, according to Australian Bureau Statistics, an Australia-based independent national statistical office, in 2022, about 49.9% of Australians reported having at least one chronic condition. The most common conditions included mental and behavioral disorders (26.1%), back problems (15.7%), and arthritis (14.5%), Approximately 81.4% of Australians reported having at least one long-term health condition, equating to about 20.7 million individuals. Additionally, in April 2024, according to Allergy UK, a UK-based national charity, more than 21 million people in the UK are affected by allergies, which became the most commonly reported chronic health condition in 2022, and projections indicate that by 2026, half of Europe's population will experience at least one allergy. Therefore, the increasing prevalence of chronic diseases is driving the growth of the capillary blood collection devices market.
How Is the Capillary Blood Collection Devices Market Segmented?
The capillary blood collection devicesmarket 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
Subsegments:
1) By Lancets: Safety Lancets, Standard Lancets, Precision Lancets, Multi-Use Lancets
2) By Micro-Container Tubes: Plastic Micro-Containers, Glass Micro-Containers, Capillary Blood Collection Tubes With Anticoagulants, Capillary Blood Collection Tubes For Serum
3) By Micro-Hematocrit Tubes: Plastic Micro-Hematocrit Tubes, Glass Micro-Hematocrit Tubes, Capillary Blood Collection Tubes For Hematocrit Testing
4) By Warming Devices: Thermal Warming Pads, Electric Warming Devices, Infrared Warming Devices, Handheld Warming Devices
5) By Other Products: Blood Collection Systems, Collection Caps And Caps For Microtubes, Blood Sample Storage Devices
Which Trends Are Most Likely to Influence Capillary Blood Collection Devices Market Growth in the Next Decade?
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.
Which Companies Hold the Largest Share in the Capillary Blood Collection Devices Market?
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
Get the full capillary blood collection devices market report here:
https://www.thebusinessresearchcompany.com/report/capillary-blood-collection-devices-global-market-report
How Are Market Trends Differentiating Across Key Regions in the Capillary Blood Collection Devices Market?
North America was the largest region in the capillary blood collection devices market in 2024. 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.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Comments
Post a Comment