Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Global Capillary Blood Collection Devices Market Size, Share & Trends Analysis, 2023-2030" report has been added to ResearchAndMarkets.com's offering.
This comprehensive industry analysis underscores the surging trajectory of the global capillary blood collection devices market, with projections indicating an impressive compound annual growth rate (CAGR) that sets the market on course for a valuation of USD 3.58 billion by 2030.
Underpinning this growth is the escalation of chronic and infectious diseases worldwide, fueling an increase in demand for blood testing across varied healthcare settings. Among the chief influencers catalyzing market progression is the widespread utilization of capillary blood draw methods, prevalent in glucose and hemoglobin assessments within hospitals and clinics.
Moreover, the convenience and less invasive nature of these devices have fostered their adoption for home care diagnostics, thus broadening the application range and injecting robust momentum into the market trends.
Market Dynamics and Trend Insights
In an era dominated by expeditious point-of-care (PoC) diagnostics, particularly in regions with limited access to full-scale medical facilities, capillary blood collection devices are gaining prominence for their pivotal roles in a multitude of tests. These include but are not limited to, blood gas detection, nucleic acid testing, as well as monitoring biomarkers and a variety of metabolic processes.
- The plastic material segment has emerged as a front runner within the market, attributed to its properties such as biocompatibility and cost efficiency, bolstering its utilization in the healthcare industry.
- The robust and non-porous attributes of glass devices are stirring a rising wave of demand, reflecting a staunch loyalty to traditional, reliable materials in medical settings.
- Key geographical markets are making significant strides, with North America maintaining its stronghold due to a high incidence rate of chronic and infectious diseases accompanied by the presence of leading market players.
- Simultaneously, the Asia-Pacific region is showcasing an exponential CAGR, riding on the back of demographic heavyweight countries grappling with increasing prevalence of diseases such as diabetes and cancer.
It is imperative to note that the capillary blood collection devices industry is also receiving considerable traction from specific user segments. Pediatric patient care prominently features capillary blood draw techniques due to the challenges associated with other forms of blood collection in infants and young children. Similarly, in intensive care units (ICUs), the adoption of such devices is prevalent as they offer a less invasive solution and do not significantly contribute to blood loss during critical surgeries.
Regional Market Outlook
The diversification in market dominance is reflective of a global healthcare sector that is continuously evolving and adapting to patient and practitioner needs. The report delineates how North America is set to retain its leading position underpinned by its advanced healthcare infrastructure and rising disease burden.
Concurrently, the in-depth analysis highlights the Asia-Pacific region as a rapidly burgeoning market, crediting the demographic and economic changes that are pivoting towards healthcare advancements. The comprehensive examination in the report provides stakeholders, healthcare professionals, and market entrants with pertinent insights into the capillary blood collection devices market, which is poised for significant expansion and innovation over the next decade.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 125 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $1.82 Billion |
| Forecasted Market Value (USD) by 2030 | $3.58 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
Companies Mentioned
- Becton, Dickinson and Company (BD)
- Greiner Bio-One International GmbH
- SARSTEDT AG & Co. KG
- Terumo Medical Corp.
- B. Braun Melsungen AG
- Improve Medical
- Abbott Laboratories
- Cardinal Health
For more information about this report visit https://www.researchandmarkets.com/r/b19y1r
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