Australia Vacuum Blood Collection Tube Market Size & Outlook
Australia vacuum blood collection tube market, 2018-2030 (US$M)
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Australia vacuum blood collection tube market highlights
- The Australia vacuum blood collection tube market generated a revenue of USD 25.8 million in 2023 and is expected to reach USD 32.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 3.5% 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.
Vacuum blood collection tube market data book summary
| Market revenue in 2023 | USD 25.8 million |
| Market revenue in 2030 | USD 32.9 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Serum separating tube |
| Fastest growing segment | Coagulation Tubes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 0.9% of the global vacuum blood collection tube market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China vacuum blood collection tube market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 113.3 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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Australia 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 29.46% in 2023. Horizon Databook has segmented the Australia 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.
Australia’s strong and evolving healthcare infrastructure supports the demand for efficient & reliable blood collection methods. Investments in hospitals and diagnostic centers increase the demand for vacuum blood collection tubes.
The rising prevalence of chronic diseases, such as diabetes, CVDs, and cancer, in Australia needs regular blood testing, which is anticipated to drive the demand for vacuum blood collection tubes. Moreover, the increasing demand for vacuum blood collection tubes due to the growing prevalence of CAD is expected to boost the market in Australia during the forecast period.
Australia has a significant and growing aging population, which is more prone to chronic conditions and diseases. This demographic trend increases the requirement for diagnostic tests and propelling the market growth. According to the Australian Institute of Health and Welfare 2020 estimates, about 16% of Australia’s total population i.e., 4.2 million individuals, were aged 65 and older.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia vacuum blood collection tube market , including forecasts for subscribers. This country databook contains high-level insights into Australia vacuum blood collection tube market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia vacuum blood collection tube market size, by type, 2018-2030 (US$M)
Australia Vacuum Blood Collection Tube Market Outlook Share, 2023 & 2030 (US$M)
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