India Vacuum Blood Collection Tube Market Size & Outlook
India vacuum blood collection tube market, 2018-2030 (US$M)
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India vacuum blood collection tube market highlights
- The India vacuum blood collection tube market generated a revenue of USD 85.8 million in 2023 and is expected to reach USD 113.3 million by 2030.
- The India market is expected to grow at a CAGR of 4.1% 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 85.8 million |
| Market revenue in 2030 | USD 113.3 million |
| Growth rate | 4.1% (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, India accounted for 2.9% 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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India 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 29.37% in 2023. Horizon Databook has segmented the India 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.
India has a high burden of various diseases, such as CVDs, diabetes, infectious diseases, and cancer. The rising incidence of these diseases necessitates frequent diagnostic testing, which is expected to drive the demand for vacuum blood collection tubes as they are essential for collecting blood samples for diagnostic purposes.
According to the Ministry of Health & Family Welfare, Government of India, in 2022, total cases of dengue reached 233,251, which is a larger case number than in 2018. The rising dengue cases in India significantly impact the healthcare sector, especially in diagnostics & disease management.
Dengue, a mosquito-borne viral infection, leads to severe flu-like symptoms and can cause a sudden drop in platelet count. It needs constant monitoring to prevent complications, such as dengue hemorrhagic fever. This situation drives the need for frequent blood sample collections for various tests, including CBC, platelet count, and serological tests to detect dengue virus antibodies.
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Horizon Databook provides a detailed overview of country-level data and insights on the India vacuum blood collection tube market , including forecasts for subscribers. This country databook contains high-level insights into India vacuum blood collection tube market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India vacuum blood collection tube market size, by type, 2018-2030 (US$M)
India Vacuum Blood Collection Tube Market Outlook Share, 2023 & 2030 (US$M)
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