The global plasma separation tubes market is estimated to be valued at USD 521.1 million in 2023. It is predicted to experience a consistent growth rate of 6.6% from 2023 to 2033, eventually reaching a remarkable value of USD 987.7 million by 2033.
The increasing demand for regular health checkups due to the rise in lifestyle and chronic diseases such as diabetes, obesity, and blood pressure has led to the high uptake of non-invasive diagnostics tools such as plasma separation tubes.
Coupled with increasing investments in life science research, new product development and launches, and a rise in the demand for rapid point-of-care testing may drive the plasma separation tubes industry over the forecast period.
| Attribute | Details |
|---|---|
| Plasma Separation Tubes Market Value 2023 | USD 521.1 million |
| Plasma Separation Tubes Market Estimated Value 2033 | USD 987.7 million |
| Plasma Separation Tubes Market CAGR 2023 to 2033 | 6.6% |
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According to Future Market Insights (FMI), the sales of plasma separation tubes expanded at a CAGR of 5.0% from 2018 to 2022. The plasma separation tubes market has seen incremental growth and is expected to gain from the increasing demand for various types of diagnostic testing.
The growing burden of diseases has compelled people to undertake regular health checkups, while many corporates are also encouraging these checkups to check for the well-being of their employees.
Since the primary mode of detecting and diagnosing a disease includes performing a blood test and analyzing the components of the blood, the role of plasma separation tubes is of utmost importance.
The need for centrifugation tubes for plasma separation is significantly driven by increasing cases of diseases and the rising number of diagnostics and testing centers. These factors also propel the plasma separation tubes industry.
Future Market Insights (FMI) has forecasted the global market to progress at a CAGR of 6.6% in terms of market value over the forecast period.
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North America is a leading plasma separation tubes market globally in terms of revenue, while the United States of America market accounted for over 27.7% value share in 2022. Demand in the United States is anticipated to continue growing through the forecast period.
The market in the region is mainly fueled by rising initiatives undertaken by the government to spread awareness about chronic diseases and the importance of getting diagnosed at the earliest to opt for better treatment options and facilities.
There are also growing public-private investments, research funding, and grants to develop innovative diagnostic tools and testing equipment. The diagnostic laboratories segment has emerged as the key segment in this region.
Europe is a huge supplier of plasma separation tubes, as revealed in the analysis. The United Kingdom is expected to secure a 6.8% CAGR from 2023 to 2033, whereas the market in Germany accounted for about 1.5% value share in 2022.
Germany is known for its advanced healthcare infrastructure and continuous technological advancements. This includes the development of innovative plasma separation tubes that offer improved performance, faster processing times, and enhanced accuracy.
The United Kingdom government has been implementing initiatives to modernize the healthcare system, improve patient outcomes, and enhance diagnostic capabilities. These initiatives often involve the adoption of advanced medical technologies and devices, including plasma separation tubes.
The market for plasma separation tubes in East Asia is predicted to exhibit a 10.2% CAGR during the forecast period. China is expected to emerge as a significant market in this region.
China has the world’s second-leading disabled population and records high rates of road accidents, resulting in a high incidence of injury. The presence of a strong medical device industry and the availability of local players in large numbers providing are expected to drive the market in the future.
India is witnessing high demand for plasma separation tubes in South Asia market with a projected CAGR of 9.6% from 2023 to 2033 and is expected to remain the same through the forecast period.
The rising medical tourism industry, particularly for treatment procedures and diagnostic therapies is the key factor that creates a demand for plasma separation tubes in India.
EDTA Tubes are spearheading the market at a global level and accounted for nearly 37.54% of the total market revenue share in 2022. The rise in the prevalence of chronic diseases and the increasing need for blood testing and diagnostic options fuels the demand for EDTA tubes.
Since EDTA tubes contain EDTA anticoagulant which allows the preservation of cellular components and blood cell morphology during hematology testing, there is a growing demand for EDTA tubes in the plasma separation market.
The diagnostic laboratories segment is expected to be the leading one in terms of end-user and accounted for 46.3% value share in 2022. Diagnostics labs are the main centers that undertake the process of blood sample collection and running tests for various diagnostic as well as research purposes. Growing demand from diagnostic centers for blood testing and collection tubes is expected to boost the market further.
The competitive landscape of the market encompasses the presence and activities of various companies operating in the industry. It includes an analysis of market players, their strategies, market share, product offerings, partnerships, acquisitions, and overall market dynamics.
Manufacturers of plasma separation tubes are primarily aiming to carry out strategic expansions through mergers and acquisitions, collaborations, and product launches to consolidate growth in a competitive market.
Developments in the Market:
Key Players Operating in the Market
The market for plasma separation tubes is estimated to be USD 521.1 million in 2023.
The plasma separation tubes market is projected to expand at a CAGR of 6.6%.
The market in North America garnered a value share of 31.7% in 2022.
By end-use, diagnostic laboratories segment is likely to lead the market.
| Expected Market Value (2023) | USD 124.6 Million |
|---|---|
| Anticipated Forecast Value (2033) | USD 184.5 Million |
| Projected Growth Rate (2023 to 2033) | 4.0% CAGR |
| Market Expected Value (2023) | USD 7.7 billion |
|---|---|
| Market Forecast Value (2033) | USD 14.4 billion |
| Market Expected CAGR (2023 to 2033) | 6.5% |
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Plasma Separation Tubes Market
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