Rising prevalence of various diseases worldwide is driving the revenue growth of the market
Capillary Blood Collection Market Size – USD 1.40 Billion in 2020, Market Growth – at a CAGR of 5.3%, Market Trends –Increasing number of surgical procedures globally
The global Capillary Blood Collection Market size is expected to reach USD 2.10 billion by 2028 at a CAGR of 5.3%, according to the latest report by Reports and Data. Rising prevalence of chronic ailments among expanding populace is a significant factor predicted to propel the revenue growth of the global capillary blood collection market between 2021 & 2028.
Additionally, increasing need for minimally invasive methods is likely to augment the demand for capillary blood collection device, thereby fueling the market revenue growth. Moreover, growing application of the technique combined with point-of-care diagnostics has become the most preferred method of testing, especially in remote health settings, which is another factor contributing to the revenue growth of the market.
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Key market players analyzed in the report are:
Becton, Dickinson and Company (U.S.), Thermofisher Scientific (U.S.), B. Braun Melsungen AG (Germany), Ypsomed Holding AG (Switzerland), Bio-Rad (U.S.), Sarstedt AG & Co (Germany), and Terumo Corporation (U.S.).
Capillary blood collection is a medical procedure comprising a properly prepared collection tube or test vessel and a capillary end which is closed with a stopper. It has become a preferred modality for sampling blood, offering easy handling along with tinted, light protected vessels for bilirubin analysis. Moreover, these capillary blood collection tubes are unbreakable, which is fueling their demand in the laboratory. This in turn is promoting the revenue growth of the market.
However, several risks associated with capillary blood collection technique and various challenges faced at the time of micro-collection are a few factors restraining the market revenue growth to a certain extent. Nonetheless, product innovation and fast technological advancements in the capillary blood collection tubes are expected to offer lucrative opportunities for the high growth of the market revenue.
Further key findings in the report
- Revenue of the lancets segment is predicted to grow significantly in the market going ahead. Segment growth is attributed to growing demand for minimum invasiveness during blood collection.
- The whole blood tests segment is expected to register highest revenue share in the global market during the forecast period owing to their ability to detect a wide range of diseases.
- The hospitals and clinics segment accounted for highest revenue growth in the market in 2020 due to frequent diagnostic testing and large inflow of patients.
- North American market is expected to register largest revenue share in the global market during the forecast period. Rising prevalence of various diseases and increasing number of surgeries are major factors fueling the revenue growth of the market in North America.
- Major companies operating in the market are Becton, Dickinson and Company (U.S.), Thermofisher Scientific (U.S.), B. Braun Melsungen AG (Germany), Ypsomed Holding AG (Switzerland), Bio-Rad (U.S.), Sarstedt AG & Co (Germany), and Terumo Corporation (U.S.).
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For the purpose of this report, Reports and Data has segmented the global capillary blood collection market on the basis of device type, source, application, end user, and region:
Device Type Outlook (Revenue, USD Billion, 2018 - 2028)
- Lancing Devices
- Puncture Devices
- Incision Devices
- Microcontainer tubes
- Microhematocrit tubes
- Sealants
- Warming devices
- Others (if any)
Source Outlook (Revenue, USD Billion, 2018 - 2028)
- Infants and Young Children
- Elderly Patients (with Fragile Veins)
- Severely Burned Patients
- Point-of-Care Testing
Application Outlook (Revenue, USD Billion, 2018 - 2028)
- Point-of-Care Testing
- Blood Glucose Monitoring
- Neonatal Screening
- Blood Gases Testing
- Bilirubin
- Dried blood spot testing (DBS)
- Blood Examination
- Others (if any)
End User Outlook (Revenue, USD Billion, 2018 – 2028)
- Blood Banks
- Hospitals
- Diagnostic Centers
- Others (if any)
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Regional Outlook (Revenue, USD Billion, 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- K.
- France
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Key Reasons to Buy this Report:
- Qualitative and quantitative assessments of the Capillary Blood Collection industry based on the market segmentation.
- In-depth analysis of the key regional markets and their growth rates over the forecast duration.
- The production and consumption capacities of each regional segment, as well as their market growth opportunities and restraints.
- The competitive landscape of the Capillary Blood Collection industry
- The market ranking of the key players, their new service/product launches, partnerships, acquisitions, and various other business expansion strategies.
- The company overview and SWOT analysis of each market player.
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Market Size – USD 7.61 Billion in 2018, Market Growth - CAGR of 4.1%, Market Trends – The rising demand of therapy in cancer treatmentThe Global Infusion Therapy Market is forecast to reach USD 10.98 Billion by 2027, according to a new report by Reports and Data.
Infusion therapy is used to give antibiotics, and life-saving hydration fluids that are administered with the help of IV to care users.
It is commonly used in hospitals; however, in the present healthcare scenario, it can be administered in outpatient infusion therapy centers or even at home care with the assistance of specially trained nurses.Ask for Sample Report @ https://www.reportsanddata.com/sample-enquiry-form/2601The therapy is usually employed for treating chronic infections or serious conditions when patients do not respond to oral antibiotics.
In regards to the region, Europe is projected to occupy a considerable share of the market.
The market share held by the region is attributed to the continuously expanding healthcare sector and rising geriatric population.Further key findings from the report suggestThe Infusion therapy market held a market share of USD 7.61 Billion in the year 2018 that is forecasted to grow at a rate of 4.1% during the forecast period.In context to Product Type, the Infusion pumps held the largest market share of more than 30.0% in 2018, with a CAGR of 4.2% during the forecast period.
The market share held by this segment is attributed to its extensive application in the healthcare sector due to the advantage of delivering fluids in small as well as large amount and applicability in delivering medications like hormones, antibiotics, chemotherapy drugs, and nutrients.In context to Therapy Type, the Nutritional therapy segment held the largest market share of 23.0% in 2018, with a significant growth rate of 4.2% during the forecast period.
The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
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Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
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