According to Global Capillary Blood Collection Devices Market Size, Forecast, Analysis & Share Surpass US$ 10.9 Bn By 2028, At 5.8% CAGR

The global Capillary Blood Collection Devices Market accrued earnings worth approximately 2.8 (USD Billion) in 2020 and is predicted to gain revenue of about 10.9 (USD Billion) by 2028, is set to record a CAGR of nearly 5.8% over the period from 2021 to 2028. The report offers assessment and analysis of the Capillary Blood Collection Devices Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Capillary Blood Collection Devices Market: Outlook

Rise in cases of chronic ailments and autoimmune disorders are some of the major aspects contributing towards massive demand for capillary blood collection devices. Moreover, blood collection from capillaries is a painless method and this kind of collected blood is sent for clinical tests. With massive use of point-of-care testing procedures, the method of collecting blood from capillaries has gained widespread popularity and this has transformed into humongous demand for capillary blood collection devices market. Apart from this, innovations in warming equipment and micro hematocrit methods will create new growth avenues for capillary blood collection devices market over forecasting timespan.

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Capillary Blood Collection Devices Market: Growth Factors

Large-scale use of capillary blood collection equipment for testing of hemoglobin & glucose in hospital as well as clinics will drive industry trends. Need for safe blood assortment methods, rise in demand for enhanced blood sampling methods, and inclination towards use of disposable products for labs will prompt expansion of capillary blood collection devices market over anticipated timeline. Increase in non-communicable & contagious diseases will proliferate expansion of capillary blood collection devices industry over the years ahead. Massive use of automated equipment for collecting blood from infants and new-born babies has resulted into massive product penetration in healthcare sector across globe. Citing an instance, in April 2017, NIH researchers had demonstrated efficacy of Accriva Diagnostics Tenderfoot ® equipment, an automated capillary blood collection device, for blood sampling. Moreover, the device usage resulted in least pain in infants. Reportedly, the device enabled single skin incision in about 98% of infants with heel squeezing restricted to about 6% of infants, and NIPS score to be lower in comparison to other capillary blood collection devices.

Furthermore, ease of utility and minimally invasive nature of capillary blood collection devices will enhance growth potential of capillary blood collection devices market during forecast period. Need for determining leukocyte & metabolite count, lactate proportion, biomarkers, and nucleic acid through blood sample collection will enlarge scope of capillary blood collection devices industry over the upcoming years.

Regional Outlook

North America To Contribute Majorly Towards Overall Market Size By 2028

Growth of capillary blood collection devices industry in North America during assessment period is due to rise in incidences of chronic & contagious ailments in countries such as the U.S. In addition to this, presence of giant players in countries such as Canada and the U.S. will proliferate expansion of capillary blood collection devices market size over upcoming years. Rise in diabetics has resulted into massive product penetration in North America. Additionally, presence of strong healthcare infrastructure units and high funding of healthcare research activities will transform the growth phase of regional market over the years to come.

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Competitive Outlook

Key players contributing towards market size and profiled in report include:

Becton
Dickinson and Company
Terumo Medical Corporation
Cardinal Health
B Braun Melsungen AG
Bio One International GmbH
NIPRO Europe Corporation
Sarstedt AG & Co
Thermo Fisher Scientific Inc.
Kabe Labortechnik GmbH
Greiner and Owen Mumford Ltd.

The global Capillary Blood Collection Devices Market is segmented as follows:

By Product

Lancets
Micro-Container Tubes
Micro-Hematocrit Tubes
Warming Devices

By Application

Whole Blood
Comprehensive Metabolic Panel Tests
Dried Blood Spot Tests
Liver Function Tests
Plasma Tests

By Material

Plastic
Stainless Steel
Glass
Ceramic

By Region

North AmericaThe U.S.Canada
EuropeFranceThe UKSpainGermanyItalyRest of Europe
Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
Latin AmericaBrazilMexicoRest of Latin America
Middle East & AfricaGCCSouth AfricaRest of Middle East & AfricaContact Us :Rushikesh DorgeUSA : +1 347 690-0211United Kingdom : +44 2032 894158Japan : +81 50 5806 9039India : +91 7768 006 007Web : https://www.zionmarketresearch.com/Blog : https://zmrblog.com/