Asia Pacific Vacuum Blood Collection Tube Market Size & Outlook
Asia Pacific vacuum blood collection tube market, 2018-2030 (US$M)
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Asia Pacific vacuum blood collection tube market highlights
- The Asia Pacific vacuum blood collection tube market generated a revenue of USD 359.9 million in 2023.
- The market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, serum separating tube was the largest revenue generating type in 2023.
- Coagulation Tubes is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 359.9 million |
| Market revenue in 2030 | USD 467.8 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Serum separating tube |
| Fastest growing segment | Coagulation Tubes |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serum Separating Tube, Plasma Separation Tubes, EDTA Tubes, Rapid Serum Tubes, Coagulation Tubes |
| Key market players worldwide | Sekisui Chemical Co Ltd, Becton Dickinson & Co, Cardinal Health Inc, Advin Health Care, AdvaCare Pharma |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 12.3% of the global vacuum blood collection tube market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 467.8 million by 2030.
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Vacuum Blood Collection Tube Market Scope
Vacuum Blood Collection Tube Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific vacuum blood collection tube market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vacuum blood collection tube market will help companies and investors design strategic landscapes.
Serum separating tube was the largest segment with a revenue share of 29.42% in 2023. Horizon Databook has segmented the Asia Pacific vacuum blood collection tube market based on serum separating tube, plasma separation tubes, edta tubes, rapid serum tubes, coagulation tubes covering the revenue growth of each sub-segment from 2018 to 2030.
The vacuum blood collection tube market in Asia Pacific is significantly influenced by the prevalence of various diseases that need blood tests for diagnosis and monitoring. With a rapidly increasing diabetic population, especially in China and India, the need for blood glucose testing & monitoring is significant.
This is expected to drive the demand for vacuum blood collection tubes used in glucose testing. In addition, Asia Pacific has seen a rise in Cardiovascular Diseases (CVDs) due to changing lifestyles and increasing aging populations. Blood tests for lipid profiles and other markers are essential for diagnosing & monitoring CVDs, driving market growth.
Moreover, the region faces challenges with infectious diseases such as hepatitis, HIV/AIDS, and COVID19. The diagnosis & monitoring of these diseases requires blood collection, contributing to the market growth. With an increasing incidence of various cancers in Asia Pacific, the need for blood tests for cancer markers, diagnosis, & treatment monitoring is expected to drive the demand for vacuum blood collection tubes.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific vacuum blood collection tube market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific vacuum blood collection tube market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific vacuum blood collection tube market size, by country, 2018-2030 (US$M)
Asia Pacific Vacuum Blood Collection Tube Market Outlook Share, 2023 & 2030 (US$M)
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