Plasma Separation Tubes Market

Plasma Separation Tubes Market Outlook (2023 to 2033)

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%

2023 to 2033 Plasma Separation Tubes Market Outlook Compared to 2018 to 2022

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.

What are the Key Factors Driving the Plasma Separation Tubes Industry?

• Growing aging population and a sedentary lifestyle contribute to rising cases of chronic and lifestyle diseases.
  • Centers for Disease Control and Prevention (CDC) data reveals that 60% of adults in the United States suffer from chronic diseases, with 40% having two or more chronic conditions.
  • Canada Statistics Health Survey reports that 15.7% of the population of Canada experiences disabilities, hindering their daily activities.
• High prevalence of diabetes, stroke, cancer, heart diseases, and chronic diseases like HIV and HCV as well as the risk of outbreaks like coronavirus and other health concerns drives the demand for plasma separation tubes worldwide.
• The demand for centrifugation processes in hospitals, blood banks, and diagnostic centers has significantly increased for plasma separation using specialized gel-containing tubes. The separated plasma serum obtained through this process is crucial for disease diagnosis.
• The surging demand for timely diagnosis is expected to drive the growth of the plasma separation tubes market.
• Expanding application areas in research and development contribute to the growth of the market.
• Technological innovations in centrifugation processes further drive the market's development and adoption.
• Diagnostic advantages, including ease of use and accurate results, boost the demand for plasma separation tubes.
• Emphasis on personalized medicine and genetic testing increases the need for high-quality plasma samples.
• Increasing healthcare expenditure globally supports the adoption of advanced diagnostic tools like plasma separation tubes.
• Growing focus on improving healthcare outcomes creates opportunities for plasma separation tube manufacturers.
• Demand for specialized gel-containing tubes rises, enhancing the performance and functionality of plasma separation.

What are the Hidden Opportunities in the Plasma Separation Tubes Market?

• Strategic agreements, mergers, and acquisitions are undertaken by companies to expand global sales footprints.
• Growing research and development activities drive product expansion and distribution channels in developing economies.
• Market players capitalize on untapped market potential through research and development efforts and product expansion.
• The increasing demand for sterilized plasma separation tubes in academic laboratories, research institutes, research and development testing labs, and hospitals drives the market growth.
• Plasma separation tubes offer cost-effectiveness, easy cleaning processes, and short time consumption in healthcare settings.
• Disposable tubes with no cleaning or sterilization requirements further fuel growth in the plasma separation tubes market.

What are the Factors Restricting Plasma Separation Tubes Market Growth?

• Shelf life limitations of plasma separation tubes are determined by the expiration dates of additives.
• Plastic tubes may experience a measurable loss of vacuum over time, unlike glass tubes with minimal vacuum and water losses.
• Environmental factors and radiation sensitivity of gels and additives make it challenging to determine expiration dates for evacuated tubes.
• Deviation from recommended storage conditions can impact the draw volume of shelved tubes.
• Drawbacks associated with vacuum blood collection devices may shift preference toward non-vacuum alternatives.
• Hindrance in the adoption of vacuum blood collection devices among diagnostic laboratories, hospitals, and clinics.
• Blood collection and plasma separation techniques require skilled and knowledgeable personnel for proper handling and preservation.
• Lack of qualified professionals can restrain market growth in the life sciences industry and impact the plasma separation tubes market.

Country-wise Insights

How Likely is the United States of America Plasma Separation Tubes Market Continue to Exhibit High Growth?

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.

What is the Growth Outlook of the Market for Plasma Separation Tubes in Europe?

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.

What is the Scope for Sales of Plasma Separation Tubes in China?

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.

Why is the Demand for Plasma Separation Tubes High in India?

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.

Category-wise Insights

What are the Sales Prospects of EDTA Tubes in the Plasma Separation Tubes Market?

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.

Which is the Leading Segment in Plasma Separation Tubes Industry by End User?

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.

What does the Competitive Landscape of the Plasma Separation Tubes Market Entail?

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:

• FL Medical in June 2021, introduced Vacumed Granules Separator Tubes into its existing line of vacuums blood collection device product line.
• Greiner Bio-one, in February 2021, introduced Vaccuate FC Mix Tube for Glucose analysis
• Intervactechonlogy OU, in November 2020, introduced a new packaging system for its blood collection devices set. These packaging sets are available for a pack of 1,2, and 5 tube pack

Strategies Adopted by Key Players

• Product Innovation: Companies focus on continuous research and development to introduce innovative plasma separation tube designs and materials, improving efficiency and user experience.
• Strategic Partnerships and Collaborations: Market players form strategic alliances and collaborations with other companies, research institutes, and healthcare organizations to expand their product portfolio, reach new markets, and leverage complementary expertise.
• Geographic Expansion: Companies aim to expand their market presence by entering new geographic regions and establishing distribution networks to cater to a broad customer base.
• Mergers and Acquisitions: Strategic mergers and acquisitions enable companies to consolidate their market position, acquire new technologies, expand product portfolios, and access new customer segments.
• Focus on Emerging Markets: Recognizing the growth potential in emerging markets, companies invest in market research and targeted marketing strategies to capture opportunities in these regions.
• Continuous Improvement: Companies emphasize continuous improvement in manufacturing processes, quality control, and operational efficiency to deliver reliable and high-quality plasma separation tubes.

Key Players Operating in the Market

• Beckton, Dickinson and Company
• Greiner Bio-One International GmbH
• Guangzhou Improve Medical Instruments Co., Ltd
• AB Medical Inc.,
• SARSTEDT AG & Co.KG
• InterVac Technology
• Cardinal Health, Inc.
• Poly Medicure Ltd.
• FL Medical
• CHENGDU RICH SCIENCE INDUSTRY CO., LTD.
• Sekisui Medical Co., Ltd
• APTACA spa
• Hindustan Syringes & Medical Devices
• Biosigma S.p.A.

Market Segmentation by Category

By Product:

• EDTA Tubes
• Lithium Heparin Tubes
• Sodium Heparin Tubes

By Material:

• PET/Plastic
• Glass

By Application:

• Routine Chemistry
• Serology & Immunology
• Blood Typing
• Blood Sugar Assay
• Molecular Genetics
• Others

By End User:

• Diagnostic Laboratories
• Hospitals & Clinics
• Research & Academic Institutes
• Veterinary Hospitals & Clinics

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• The Middle East & Africa (MEA)

Frequently Asked Questions

How Much is the Plasma Separation Tubes Market Worth?

The market for plasma separation tubes is estimated to be USD 521.1 million in 2023.

At what CAGR is the Plasma Separation Tubes Market Projected to Expand in the Forecast Period?

The plasma separation tubes market is projected to expand at a CAGR of 6.6%.

What was the Value Share of North America Plasma Separation Tubes Industry?

The market in North America garnered a value share of 31.7% in 2022.

Which Segment is Likely to Lead the Market by End-use?

By end-use, diagnostic laboratories segment is likely to lead the market.