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Global Arterial Blood Collection Devices Market - Key FindingsBlood collection tubes segment in drug class held the largest market share in 2016, which was valued at USD 359.4 million in 2016.
Arterial blood gas sampling segment in application held the largest market share in 2016, which was valued at 25.6 million in 2016.
Asia Pacific region is expected to be the fastest growing market at the CAGR of 10.7% during the forecasted period.
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Global Arterial Blood Collection Devices Market - Regional Analysis
Global Arterial Blood Collection Devices Market is segmented based on geographies or regions which mainly includes Americas, Europe, Asia Pacific, and Middle East & Africa.
Americas is the largest market for arterial blood collection devices. It comprises of two regions namely North America and South America. Important factors driving the growth of this market are demand of safe & reliable blood collection devices, concentration of major market players manufacturing blood collection devices, and extensive need of diagnostic services. Risk of blood transfusion transmissible infection may act as an obstacle for the growth of this market.
In 2016, North America accounted for the largest market share owing to an increase in demand of diagnostic procedures, awareness regarding use of sterile devices for blood collection, and technological advancement in the field of clinical diagnostics. Furthermore, increasing number of surgical procedures and high prevalence of lifestyle disease are also contributing to the growth of this market.
According to the America's Blood Centers, one in every seven people entering the hospital needs blood. It also stated that in the U.S, more than 15 million pints of blood is transfused every year and more the 40 thousand pints of blood is transfused daily in the U.S and Canada.
Rapid population growth and need of diagnostic devices & blood collection devices are important drivers of this market in South America.
Europe holds the second largest share of the Global Arterial Blood Collection Devices Market. Asia Pacific is the fastest growing arterial blood collection devices market across the globe. Demand of arterial blood collection devices mainly syringes, and needles is increasing with an increase in incidence of lifestyle diseases such as diabetes and chronic heart diseases, aging population, as well as growing number of surgical procedures performed in hospitals. Increase in number of blood donations centers has been found in Asia Pacific due to rising awareness regarding the need of blood & blood products for live saving treatment & emergency care.
However, the Middle East & Africa holds the least share of the global market due to limited availability of medical facilities.
Global Arterial Blood Collection Devices Market - Key Players
Some of the key players in this market are Becton, Dickinson and Company (U.S), Bio-Rad Laboratories, Inc. (U.S), NIPRO Medical Corporation (Japan), Qiagen (Netherlands), F. Hoffmann-La Roche Ltd (Switzerland), Terumo Medical Corporation (U.S), Thermo Fisher Scientific, Inc. (U.S) and others.
Global Arterial Blood Collection Devices Market - Highlights
Arterial blood is oxygenated blood from arteries and pulmonary vein which appears bright red in color. Arterial blood is collected either from femoral artery of thigh or radial artery of the wrist. Blood collected from arterial blood collection devices is used for arterial gas sampling. Arterial gas sampling or arterial-blood gas (ABG) test carries out the measurement of amount of blood oxygen or the gaseous exchange in the blood. Arterial blood collection devices include syringes, blood collection tubes, lancet, needles, vacuum blood collection system, microfluidic system and others. Arterial blood sampling is used for detection of chronic conditions like kidney failure, diabetes, heart disease, asthma, chronic pulmonary disease, hemorrhage, cystic fibrosis, and others.
The Global Arterial Blood Collection Devices Market is expected to grow at a CAGR of 9.1% during forecast period 2017-2023.
Global Arterial Blood Collection Devices Market – Segments
Based on type, the Arterial Blood Collection Devices Market is segmented into blood collection tubes, lancet, needles, vacuum blood collection system, microfluidic system, and other devices. Other devices include arterial cannula, and blood bags. Blood collection tube is further sub-segmented into plasma separation tube, heparin tube, serum separating tube, EDTA tube, and others. Lancet is further sub-segmented into push button safety lancet, pressure activated safety lancet, and other lancets.
Based on application, the arterial blood collection market is segmented into arterial blood gas sampling and intraoperative blood salvage. Arterial blood gas sampling is further sub-segmented into diagnosis of disease and acid base status monitoring.
Based on end user, the arterial blood collection devices market is segmented into hospitals & clinics, laboratories, blood banks, and others.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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