The Global Arterial Blood Collection Devices Market is expected to grow at a rapid pace. The factors influencing the growth of the market include rising number of surgical procedures, demand of blood for emergency care, high incidence of chronic diseases contribute to the growth of this market. The Global Arterial Blood Collection Devices Market is expected to grow at a CAGR of 9.1% during forecast period 2017-2023.
Blood collection involves withdrawal of blood from a vein or artery to diagnose disease or for any surgical procedure. The process of making incision into the vein is known as phlebotomy. This procedure is also known as venipuncture. Phlebotomist is a person performing venipuncture. He may be a doctor, nurses, medical laboratory professional or other healthcare provider.
Restrains inhibiting the growth of this market are risk of transfusion transmissible infection and growing inclination towards robotic surgery. However, technological advancements represent significant growth opportunities for the growth of the arterial blood collection devices market during the forecast period
Global Arterial Blood Collection Devices Market – Key Players
Some of the key players in this market are Becton, Dickinson and Company (U.S), Bio-Rad Laboratories, Inc. (U.S), NIPRO Medical Corporation (Japan), Qiagen (Netherlands), F. Hoffmann-La Roche Ltd (Switzerland), Terumo Medical Corporation (U.S), Thermo Fisher Scientific, Inc. (U.S) and others.
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Global Arterial Blood Collection Devices Market – Competitive Analysis
Founded in 2008, Seventh Sense Biosystems Inc., manufactures and develops blood collection devices. In March 2018, the company announced the achievement of CE mark for its TAP, one-step blood collection device. This blood collection device possesses tiny microneedles used to collect blood without any pain. This device makes blood collection easy, convenient and quick. This will enable the company to widen its geographical boundaries and enhance its product portfolio.
Furthermore, Streck Inc., a medical equipment company, headquartered in Nebraska, United States manufactures diagnostics products in hematology, chemistry, immunology, sed-rate instruments, blood collection tubes, and molecular biology for customers all round the world. In March 2018, the United States Patent Office granted patent to Streck, Inc. for its direct-draw blood collection tube for the stabilization of a patient blood sample. With this patent, the company aims to focus on patient needs and increase its customer base.
Global Arterial Blood Collection Devices Market – Segments
Based on type, the Arterial Blood Collection Devices Market is segmented into blood collection tubes, lancet, needles, vacuum blood collection system, microfluidic system, and other devices. Other devices include arterial cannula, and blood bags. Blood collection tube is further sub-segmented into plasma separation tube, heparin tube, serum separating tube, EDTA tube, and others. Lancet is further sub-segmented into push button safety lancet, pressure activated safety lancet, and other lancets.
Based on application, the arterial blood collection market is segmented into arterial blood gas sampling and intraoperative blood salvage. Arterial blood gas sampling is further sub-segmented into diagnosis of disease and acid base status monitoring.
Based on end user, the arterial blood collection devices market is segmented into hospitals & clinics, laboratories, blood banks, and others.
Global Arterial Blood Collection Devices Market – Key Findings
- Blood collection tubes segment in drug class held the largest market share in 2016, which was valued at USD 359.4 million in 2016.
- Arterial blood gas sampling segment in application held the largest market share in 2016, which was valued at 25.6 million in 2016.
- Asia Pacific region is expected to be the fastest growing market at the CAGR of 10.7% during the forecasted period.
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Global Arterial Blood Collection Devices Market – Regional Analysis
Global arterial blood collection devices market is segmented on the basis of geographies or regions which mainly includes Americas, Europe, Asia Pacific, and Middle East & Africa.
Americas is the largest market for arterial blood collection devices. It comprises of two regions namely North America and South America. Important factors driving the growth of this market are demand of safe & reliable blood collection devices, concentration of major market players manufacturing blood collection devices, and extensive need of diagnostic services. Risk of blood transfusion transmissible infection may act as an obstacle for the growth of this market.
Europe holds the second largest share of the global arterial blood collection devices market. Asia Pacific is the fastest growing arterial blood collection devices market across the globe. Demand of arterial blood collection devices mainly syringes, and needles is increasing with an increase in incidence of lifestyle diseases such as diabetes and chronic heart diseases, aging population, as well as growing number of surgical procedures performed in hospitals. Increase in number of blood donations centers has been found in Asia Pacific due to rising awareness regarding the need of blood & blood products for live saving treatment & emergency care.
However, the Middle East & Africa holds the least share of the global market due to limited availability of medical facilities.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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