The global vacutainer market is projected to surge at a noteworthy CAGR of more than 7% from 2021 to 2031, with high demand for vacutainers meant for venous blood collection shaping market growth.
The medical equipment manufacturing industry has been progressing at a rapid pace over the past several decades. Major growth has been observed in North America and Asia Pacific. Vacutainers account for almost one percent of global medical equipment sales. Apart from needles & syringes and non-vacuum-based blood collection tubes used in blood extraction, vacutainers also have a significant market share.
At present, vacutainers hold almost one-third share of the demand for blood collection tubes for biopsy, and this is expected to grow owing to their advantageous features over non-vacuum-based tubes. Research laboratories have used vacutainers for liquid biopsy for decades. These are also widely used in various biochemical studies such as enzyme level estimation, serum uric acid, serum electrolytes estimation, etc.
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Vacutainer Market Insights Segmentation
By Region
- North America
- Europe
- East Asia
- South Asia
- Latin America
- Oceania
- Middle East & Africa
By Additive
- Vacutainers Without/No Additives
- Vacutainers With Additives
- Sodium Citrate
- Gel+ BCA
- Sodium Heparin
- Lithium Heparin
- EDTA Tubes
- Fluoride Oxalate
- Acid-citrate-dextrose
- EDTA + Gel
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Competitive Landscape
Majority of the companies discussed in the report have focused on establishing subsidiaries in developing regions. Strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks. Some of the key development are:
- In February 2020, Becton, Dickinson, and Company announced a long-term strategic partnership with Babson Diagnostics to bring laboratory-quality, small-volume blood collection to retail pharmacies.
- In August 2020, Greiner Bio-One collaborated with Haematologic Technologies to provide complete development and manufacturing of customized blood collection tubes for IVD and clinical diagnostic device developers.
- In December 2019, Medtronic PLC and ChristianaCare collaborated to improve patient outcomes and reduce the cost of care in Delaware. The five-year agreement will focus on developing and deploying value-based healthcare initiatives with shared financial accountability.
Essential Takeaways from the Vacutainer Market Insights Report
- Comparison of prominent players operating in the Vacutainer Market Insights.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain of the Vacutainer Market Insights.
- Growth opportunities for emerging market players in various regional markets.
- Current trends influencing the scenario of the Vacutainer Market Insights.
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Important queries related to the Vacutainer Market Insights addressed in the report:
- Who are the most prominent players in the Vacutainer Market Insights?
- What are the factors that are likely to hinder the growth of the Vacutainer Market Insights during the forecast period (2021-2031)?
- Why is the concentration of tier-1 companies high in specific region?
- How are the soaring prices of raw materials impacting the demand for keyword?
- Why are market players eyeing opportunities in particular region?
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