World News: 12:37 GMT Friday 11th January 2019. [Acumen Research and Consulting via Globe Newswire via SPi World News]
Capillary Blood Collection Devices Market (By Material - Plastic, Glass, Stainless Steel, Ceramic, Others; By Product - Lancets, Micro-Container Tubes, Micro-Hematocrit Tubes, Warming Devices, Others; By Application - Whole Blood, Plasma / Serum Protein Tests, Comprehensive Metabolic Panel (CMP) Tests, Liver Panel / Liver Profile / Liver Function Tests, Dried Blood Spot Tests; By End-use - Hospitals and Clinics, Blood Donation Centers, Diagnostic Centers, Home Diagnosis, Pathology Laboratories) - Global Industry Size, Share, Trends and Forecast 2018 – 2026. Increasing incidences of chronic, infectious, and autoimmune diseases worldwide and ease of usage and other favourable features of capillary blood collecting devices are driving the demand for capillary blood collection devices market.
LOS ANGELES, Jan. 11, 2019 (GLOBE NEWSWIRE) -- The global size is valued at USD 1.13 billion in 2017. The global market is expected to grow at a CAGR of 5.2% during the forecast period 2018-2025. Increasing prevalence of chronic diseases, growing availability of PoC diagnostics, and various advantages of capillary blood collection devices over its alternative are some of the major growth factors encouraging to drive the global capillary blood collection devices market.
Detection of biomarker, blood gas detection, nucleic acid, leukocyte & metabolite count, and blood glucose, effect of vitamin K-antagonist, lactate, ferritin, and heavy metal ions analysis are commonly done using these samples. Consequently, with increase in adoption of rapid PoC diagnostics, usage of capillary blood collection devices is anticipated to increase in the near future.
Increase in incidences of infectious, chronic, and autoimmune diseases are few of the major factors that encourage the demand leading to market growth owing to rising number of blood tests globally. The technique of drawing blood through capillary devices has been among the most widely used for haemoglobin and glucose testing in hospitals and clinics. Minimally invasive nature and ease of usage make it ideal for testing and home care diagnosis, thus boosting the global capillary blood collection devices market’s growth. The popularity of usage of this technique in conjugation with PoC diagnostics has turn out to be the preferred mode of testing in ambulatory and remote health settings.
The technique to draw blood through capillary devices is popularly used for pediatric patients as it is complicated to draw venous and blood from artery in infants. Drawing blood using capillary devices is favoured in many ICU settings as patients lose considerable quantity of blood during surgeries. Various other blood drawing techniques are comparatively invasive and might result in delay in the healing process or pose a risk of contamination. Ease of usage and effectiveness is another factor facilitating the use of these devices for home care diagnosis and testing, typically in case of diabetics.
Chronic diseases are global healthcare issues with over half of the adult population in the U.S. suffering from such diseases, which is recorded to contribute over 75% of the total healthcare cost in the nation. Thus, increasing number of chronic and infectious diseases create huge demand for diagnostic testing, thus encouraging growth of these collection devices.
The global capillary blood collection devices market is segmented into material, product, application, end-use and region. On the basis of material the global capillary blood collection devices market is segmented into plastic, glass, stainless steel, ceramic and others. On the basis of product the global capillary blood collection devices market is segmented into lancets, micro-container tubes, micro-hematocrit tubes, warming devices and others. On the basis of the application the global capillary blood collection devices market is segmented into whole body, plasma/serum protein tests, comprehensive metabolic panel (CMP) test, liver panel/liver profile/liver functions tests, and dried blood spot tests. On the basis of the end-use the global capillary blood collection devices market is segmented into hospitals and clinics, blood donation centers, diagnostic centers, home diagnostics, and pathology laboratories. On the basis of region the global capillary blood collection devices market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
Plastic devices held the greater market share in 2017 due to their cost-effectiveness, lightweight, and biocompatible nature in addition to widespread usage in medical devices. Non-porous nature, durability, and impassable are few factors boosting the demand for glass devices in the global capillary blood collection devices market. Glass and plastic based collection devices are likely to dominate the global capillary blood collection devices market during the forecast period due to its extensive usage in the manufacture of medical devices and other related products.
North America capillary blood collection devices market is expected to lead the global market throughout the forecast period attributable to existence of prominent number of market players and high incidence of infectious and chronic diseases.
The Asia Pacific capillary blood collection devices market is expected to increase at the considerable CAGR during the forecast period. Dense population along with increasing incidences of chronic diseases such as diabetes and cancer are the major factors boosting to the growth of the regional market.
The key players catering to the global capillary blood collection devices market are Dickinson and Company; Becton, Sarstedt AG & Co; Thermo Fisher Scientific Inc.; NIPRO Europe Corporation; Terumo Medical Corporation; Cardinal Health; Kabe Labortechnik GmbH; B Braun Melsungen AG; Greiner Bio One International GmbH; and Owen Mumford Ltd. The global players are continuously investing in R&D and innovating new product portfolio to attract more and more business opportunity from the emerging nation such as India and China. Also, Increasing R&D investments coupled with technological advancements to commercialise highly efficient products are anticipated to offer lucrative opportunities for industry participants.
Globe Newswire: 12:37 GMT Friday 11th January 2019
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