Market Challenges And Opportunities

Vacuum blood collection tube has gained significant valuation in the last few decades. Emergence of this technology has led to significant drop in overall blood contamination; while offering ease-of-use and accuracy in blood to additive ratios. As a result, many laboratories are well characterized by presence of vacuum blood collection tubes. Vacuum blood collection gained major market share at start of 1970’s wherein many leading players along with new entrants emerged in the market. Since then, the growth was however staggering before making major leap at start of 21st century. This blood collection tube industry is expected to create significant market opportunity over the forecast period 2016-2023. Vacuum blood collection system is a double pointed needle with a plastic holder and series of vacuum tubes with stoppers.

Rising incidences of diseases, changing lifestyle, increasing surgical and transfusion procedures and emergence of many new diagnostic centers in developing regions is expected to create substantial market opportunities for the players.

Moreover, the system has its added advantage over other blood collection technique. It is light weight, close loop, safety protection cap and easy to handle making it preferable choice among end-users. High shelf life also makes it one of the key products available in the market. It has a long shelf life of as high as 16 months.

Technological advancement towards offering better therapeutic results with single drop blood along with rising pharmaceutical R&D spending to create good market prospects for the industry leaders

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