Capillary Blood Collection Devices Market Overview
The equipment used to collect blood samples for diagnosis and test purposes, known as capillary blood collection devices, is critical to obtaining high-quality clinical results. Because of their straightforward and painless blood collection approach, these devices are extremely popular with physicians and patients.
The Capillary Blood Collection Devices Market is expected to develop as the prevalence of chronic diseases and disorders such as vascular, diabetes, and heart disease rises, increasing demand for diagnosis and adoption of these devices. As a result, the global market for capillary blood collection devices is gaining traction and expanding rapidly.
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Recognizing the market's amazing growth records, Market Research Future (MRFR) says in its recently published study report that the global Capillary Blood Collection Devices market will grow at an astounding CAGR of 10% from 2017 to 2023, resulting in revenue of approximately 778.38 Mn. USD.
Undoubtedly, technological developments in the field of medical devices are fueling market expansion and raising the market to new heights as a foray to bring more innovations in these devices.
High device prices, on the other hand, are a major stumbling block to market expansion. Furthermore, the risk of contamination connected with blood collection procedures and devices is impeding the market growth of capillary blood collection devices.
Capillary Blood Collection Devices Market Regional Analysis
North America Capillary Blood Collection Devices market backed by the presence of well-established players investments, accounts for the leading market, globally, holding the largest market share. Companies involved in the manufacturing of these devices are well capable of delivering a range of customized solutions. Furthermore, augmented uptake of software solutions for healthcare administration and availability of complimenting resources drive the market growth in the region.
Factors substantiating the market growth include growing number of patients suffering from chronic diseases disorders that consecutively augments the demand for diagnosis, increasing demand for technologically advanced diagnosis and treatment, rising government support and high per capita health care expenditures in the region. The market value is estimated to settle at US$ 292.96 Mn. by 2023.
The Europe market stands the second largest market for capillary blood collection devices, globally, owing to the technological advancement and the augmented adoption of these devices among the healthcare providers mainly in the UK, Germany, and France coupled with the resurging economy in the region which is improving the consumers’ quality of life by increasing their purchasing power.
The market is expected to demonstrate a healthy growth during the forecast period owing to the factors such as public private funding for RD, the presence of leading market players and increasing prevalence of diabetes, in the region.
Capillary Blood Collection Devices Market Segmentation
The MRFR analysis is segmented into four key dynamics for the convenience of the report and enhanced understanding.
- By Material s : Comprises Glass, Plastic, and Stainless Steel, among others.
- By Types of Devices: Warming Devices, Blood Collecting Tubes Collector, and Lancets, among others.
- By End-Users : Hospitals, Clinics, Diagnostic Centers, Home Diagnostics, and Pathology Laboratories, among others.
- By Regions : North America, Europe, APAC and Rest-of-the-World
Capillary Blood Collection Devices Market Players
The leaders operating in the market include – Danaher Corporation, Abbott Laboratories, F. Hoffmann-La Roche AG, Becton Dickinson and Company, Medtronic Plc., Novo Nordisk A S, Thermo Fisher Scientific Inc., Terumo Corporation, B. Braun Melsungen AG, HTL-STREFA S.A., Sarstedt AG Co, Ypsomed Holding AG, Greiner Bio-One, Owen Mumford Ltd., Improve Medical, Nipro, Chengdu Rich Science Industry Co., Ltd., Weigao Group, Weihai Hongyu Medical Devices, and Medigard. Profiling them in its analysis, MRFR finds out their strategies keeping them ahead in the market competition.
among others are some key companies in the global Capillary Blood Collection Devices that are listed by MRFR for market research.
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