Middle East & Africa Vacuum Blood Collection Tube Market Size & Outlook
Middle East & Africa vacuum blood collection tube market, 2018-2030 (US$M)
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MEA vacuum blood collection tube market highlights
- The MEA vacuum blood collection tube market generated a revenue of USD 144.8 million in 2023.
- The market is expected to grow at a CAGR of 3% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 144.8 million |
| Market revenue in 2030 | USD 178.2 million |
| Growth rate | 3% (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, MEA region accounted for 5.0% 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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Middle East & Africa 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 30.46% in 2023. Horizon Databook has segmented the Middle East & Africa 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 MEA market includes South Africa, Saudi Arabia, and the United Arab Emirates (UAE). The rapid economic development in emerging markets, such as South Africa, the high unmet healthcare needs, and the increasing prevalence of cancer are some of the key factors expected to propel market growth during the forecast period.
The MEA market is predicted to witness significant growth due to the increasing prevalence of chronic diseases, a growing emphasis on healthcare infrastructure, and the heightened awareness about the importance of timely & accurate blood testing.
The region is witnessing a surge in chronic diseases, such as diabetes, CVDs, and cancer. This increase necessitates regular blood tests, driving the demand for vacuum blood collection tubes. Governments and private sector investments in healthcare infrastructure, including hospitals and clinics, are on the rise.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa vacuum blood collection tube market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vacuum blood collection tube market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA vacuum blood collection tube market size, by country, 2018-2030 (US$M)
Middle East & Africa Vacuum Blood Collection Tube Market Outlook Share, 2023 & 2030 (US$M)
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