Latin America Vacuum Blood Collection Tube Market Size & Outlook
Latin America vacuum blood collection tube market, 2018-2030 (US$M)
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Latin America vacuum blood collection tube market highlights
- The Latin America vacuum blood collection tube market generated a revenue of USD 188.3 million in 2023.
- The market is expected to grow at a CAGR of 2.7% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 188.3 million |
| Market revenue in 2030 | USD 226.2 million |
| Growth rate | 2.7% (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, Latin America region accounted for 6.4% 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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Latin America 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 30.38% in 2023. Horizon Databook has segmented the Latin America 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 Latin America vacuum blood collection tube market is expected to grow exponentially over the forecast period. This is due to the growing healthcare infrastructure, rising awareness & demand for diagnostics, and the increasing prevalence of chronic diseases, such as diabetes and cancer, in the region.
Diabetes is the most common disease among individuals and is one of the major noncommunicable diseases. According to an OECD iLibrary article published in April 2023, in Latin America and the Caribbean (LAC), over 40 million adults aged 20 & above are affected by diabetes, with roughly half of them remaining undiagnosed and unaware of the potential long-term complications.
In addition, the region’s focus on R&D, particularly in the pharmaceutical & biotechnology sectors, necessitates extensive blood analysis, fueling the market growth. According to an article by Labiotech UG, which was updated in January 2024, Latin America has fallen behind in fields like biotechnology and deep technology.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America vacuum blood collection tube market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America vacuum blood collection tube market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America vacuum blood collection tube market size, by country, 2018-2030 (US$M)
Latin America Vacuum Blood Collection Tube Market Outlook Share, 2023 & 2030 (US$M)
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