The global Capillary Blood Collection Devices Market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.4% during the forecast period. Increasing incidence of chronic, infectious, and autoimmune diseases are some of the major factors propelling market growth owing to the rising number of blood tests globally. Capillary blood draw technique has been most widely used for glucose and hemoglobin testing in clinics and hospitals. Ease of usage and minimally invasive nature also makes it ideal for home care diagnosis and testing, thereby boosting the market’s growth potential. The use of this technique in conjugation with PoC diagnostics has become the chosen mode of testing in remote and ambulatory health settings.
Blood
gas detection, leukocyte & metabolite count, biomarker, nucleic acid, blood
glucose, ferritin, lactate, effect of vitamin K-antagonist, and heavy metal
ions analysis is commonly done using these samples. Thus, with the rising
adoption of rapid PoC diagnostics, the usage of these devices is anticipated to
increase in the near future.
Chronic
diseases are a global healthcare problem with over half of the adult population
in the U.S. suffering from chronic diseases, which contribute to over 75% of
the total healthcare cost in the nation. Thus, the rising number of infectious
and chronic diseases creates a huge demand for diagnostic testing, thereby
propelling the growth of these collection devices.
Capillary
blood draw technique is most often used in the case of pediatric patients as it
is difficult to draw venous and arterial blood from infants. Capillary blood
draw is preferred in many ICU settings as patients lose a large amount of blood
during surgeries. Other blood drawing techniques are more invasive and might
result in delays in the healing process or pose a risk of contamination. Ease
of usage and effectiveness is another factor facilitating the use of these
devices for home care diagnosis and testing, typically in case of diabetics.
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Further Key Findings From the Report Suggest:
- Plastic
devices held the largest market share in 2017 owing to their lightweight,
cost-effective, and biocompatible nature coupled with extensive usage in
medical devices
- Durability,
non-porous nature, and impermeability are boosting the demand for glass
devices
- Plastic and
glass-based collection devices are anticipated to dominate the market
throughout the forecast horizon during the forecast period due to their
extensive use in the manufacture of medical devices and other related
products.
- North
America will lead the market throughout the forecast period owing to the
existence of a large number of major market players and high incidence of
chronic and infectious diseases
- The Asia
Pacific market is expected to rise at the highest CAGR during the same
period. High population along with the rising incidence of chronic
diseases such as cancer and diabetes are the major factors contributing to
the growth of the regional market
- Some of the
major players are Becton, Dickinson and Company; NIPRO Europe Corporation;
Sarstedt AG & Co; Thermo Fisher Scientific Inc.; Terumo Medical
Corporation; B Braun Melsungen AG; Kabe Labortechnik GmbH; Greiner Bio One
International GmbH; Cardinal Health; and Owen Mumford Ltd.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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