Capillary Blood Collection Devices Market Trends Estimates High Demand till 2023; By Material, Devices and End Users

“Capillary Blood Collection Devices Market”
Capillary Blood Collection Devices Market Provide Country Level Analysis of the Market with Respect to the Current Market Size and Future Prospective.

Capillary blood collection devices are test and collection vessels used for collection, sampling, and testing of blood samples. Capillary blood collection devices provide for easy handling, physical and light protection, and also provide protection from contamination. In addition to above, capillary blood collection devices offers exact filling volume.

The Global Capillary Blood Collection Devices Market is expected to reach USD11.11 billion by 2023, and the market is projected to grow at a CAGR of ~ 5.2 % during the forecast period 2017-2023.

The recent developments in the capillary blood collection devices treatment include dried blood spot sampling. Dried blood spot sampling requires very small quantity of blood which is absorbed on a filter paper card. The card absorbs the blood and dries it which allows for ease of transportation and storage. There is also an increasing trend towards miniaturization of devices in a quest to evolve into hassle free healthcare. Development of advanced materials such as plastics and inner coatings have developed the market further.

The market drivers for capillary blood collection devices are, growth in demand for blood collection and testing, increase in demand for improved blood collection and sampling, and growing preference for disposable product, rise in screening and diagnostics etc. The market restraints are risks associated with contamination, falling costs of products, pressure on prices, low quality products from unknown location etc.

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Market Players:

Key players profiled in the report are

  • Danaher   Corporation,
  • Sarstedt AG & Co.,
  • Becton,
  • Dickinson and Company,
  • Medtronic,
  • Thermo Fisher Scientific   Inc.,
  • Kabe Labortechnik GmbH,
  • Terumo Medical Corporation,
  • Greiner Bio One International GmbH
  • Improve Medical Technology Co.

Regional analysis:

The Americas account for a significant market share owing to extensive use of screening and high expenditure on the health care due to high healthcare expenditure of the US. Additionally, the fastest uptake of new instruments and surgical techniques in the US drives the capillary blood collection devices market. The good reimbursement scenario and the greater awareness in the developed regions drive the market.

Europe is the second largest market in the world due to high income and healthcare penetration.

Asia Pacific region is expected to grow rapidly and China and India are likely to lead this market due to fast growing healthcare sector during the forecast period.

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Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development.

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