South Africa Vacuum Blood Collection Tube Market Size & Outlook
South Africa vacuum blood collection tube market, 2018-2030 (US$M)
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South Africa vacuum blood collection tube market highlights
- The South Africa vacuum blood collection tube market generated a revenue of USD 40.8 million in 2023 and is expected to reach USD 50.2 million by 2030.
- The South Africa 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.
Vacuum blood collection tube market data book summary
| Market revenue in 2023 | USD 40.8 million |
| Market revenue in 2030 | USD 50.2 million |
| Growth rate | 3% (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, South Africa accounted for 1.4% 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 Middle East & Africa, South Africa vacuum blood collection tube market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 31.3 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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South 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 30.39% in 2023. Horizon Databook has segmented the South 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.
South Africa’s vacuum blood collection tube market is expected to witness lucrative growth over the forecast period. Growth can be attributed to the increasing prevalence of cancer, supportive government initiatives, and the growing demand for blood collection.
The aging population in South Africa is a significant driver of the market, fueled by the higher prevalence of chronic diseases among the elderly, the need for safe & efficient blood collection methods, and the government’s focus on improving healthcare infrastructure & services.
Furthermore, South Africa faces a significant burden of infectious diseases, such as HIV/AIDS and tuberculosis. Vacuum blood collection tubes play a vital role in the diagnosis and monitoring of HIV. They offer a safe, efficient method for collecting blood samples, which is crucial for performing various tests essential in the management and treatment of HIV-positive individuals.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa vacuum blood collection tube market , including forecasts for subscribers. This country databook contains high-level insights into South Africa vacuum blood collection tube market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa vacuum blood collection tube market size, by type, 2018-2030 (US$M)
South Africa Vacuum Blood Collection Tube Market Outlook Share, 2023 & 2030 (US$M)
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