South Korea Vacuum Blood Collection Tube Market Size & Outlook
South Korea vacuum blood collection tube market, 2018-2030 (US$M)
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South Korea vacuum blood collection tube market highlights
- The South Korea vacuum blood collection tube market generated a revenue of USD 38.7 million in 2023 and is expected to reach USD 50.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.9% 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 38.7 million |
| Market revenue in 2030 | USD 50.5 million |
| Growth rate | 3.9% (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 Korea accounted for 1.3% 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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South Korea 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 29.72% in 2023. Horizon Databook has segmented the South Korea 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.
As the population ages, there is an increase in chronic diseases and health issues that require monitoring and diagnosis. Conditions such as diabetes, cardiovascular diseases, and kidney disorders necessitate regular blood tests, thereby driving the demand for vacuum blood collection tubes.
The country has the highest life expectancy rates in the world, with the percentage of South Koreans aged 65 and older expected to reach 40% by 2060. Since the older generation is more susceptible to developing chronic conditions. Furthermore, over 46,700 individuals in South Korea succumb to tobacco-related ailments annually.
Tobacco consumption is the leading cause of mortality and disability in the country. Moreover, individuals in South Korea are exposed to smog and particulate matter concentrations, which causes a rise in chronic diseases. The air in South Korea is twice as dirty as in other countries. These factors are responsible for the rising disease burden in Korea, thereby facilitating market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea vacuum blood collection tube market , including forecasts for subscribers. This country databook contains high-level insights into South Korea vacuum blood collection tube market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea vacuum blood collection tube market size, by type, 2018-2030 (US$M)
South Korea Vacuum Blood Collection Tube Market Outlook Share, 2023 & 2030 (US$M)
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