Europe Capillary Blood Collection and Sampling Devices Market is Going to reach USD 1708.90 million by 2030

PRESS RELEASE
Published March 2, 2023

Transparent research method carried out with proper tools and techniques makes Europe Capillary Blood Collection and Sampling Devices market research report best in class. The most important topics which are part of this industry document are global growth trends, market share by manufacturers, market size by type, market size by application, production by region, consumption by region, company profiles, market forecast, value chain, and sales channels analysis, opportunities & challenges, threat and affecting factors. Competitive analysis included here also puts light on the various strategies used by major players of the market which range from new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and many others that leads to increase their footprints in this market.

The wide ranging Europe Capillary Blood Collection and Sampling Devices business report forecasts the size of the market with information on key vendor revenues, development of the industry by upstream and downstream, industry progress, key companies along with market segment type and market application. This is the quality market report which has obvious market research studies and estimations that supports business growth. In addition, all the collected data is checked and verified by the market experts before publishing it into the market report and providing it to the client. To improve customer experience while using an international Europe Capillary Blood Collection and Sampling Devices market report, all the facts and figures of statistical and numerical data are represented very well.

Data Bridge Market Research analyses that the capillary blood collection and sampling devices market, which is USD 1105.11 million in 2022, is expected to reach USD 1708.90 million by 2030, at a CAGR of 5.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Capillary blood collection devices are used to extract capillary blood. Capillary blood can be obtained through a finger, earlobe, or heel puncture. It is also possible to make an incision in the skin. Capillary blood collection and sampling techniques have gained popularity because they extract a precise amount of blood while lowering the risk of anaemia. The volumetric micro sampling technique is now widely used for collecting capillary blood. Furthermore, new technological advancements are being made to meet the needs of doctors and patients.

Market KeyPlayers Covered in This Report:

B.D. (U.S.), Terumo BCT Inc. (U.S.), Fresenius KABI AG (Germany), Grifols S.A. (Spain), Nipro Medical Corporation (U.S.), Greiner AG (Austria), Quest Diagnostics Incorporated (U.S.), Mitra Industries Private Limited (India), SARSTEDT AG & Co. K.G. (Germany), CML Biotech (India), Macopharma (France), Neomedic Limited (U.S.), Haemonetics Corporation (U.S.), ICU Medical, Inc. (U.S.), SB-KAWASUMI LABORATORIES, INC. (Japan), Retractable Technologies Inc. (U.S.)

Europe Capillary Blood Collection and Sampling Devices Market Country Level Analysis

  • U.S., Canada and Mexico in North America
  • Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
  • China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
  • Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA)
  • Brazil, Argentina and Rest of South America as part of South America.

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Drivers

  • Rise in chronic diseases

Chronic disease is common among the elderly. According to the World Bank Group, Japan and Italy have the largest geriatric populations in 2020, accounting for 28% and 23% of the global geriatric population, respectively. Furthermore, 20% and 16% of the elderly populations in the EU and North America, respectively, were exposed to the risk of diabetes, which is expected to fuel market growth.

  • The rising availability of POC diagnostics

Point-of-care testing is diagnostic testing performed at the bedside of patients in their homes. It can also be done at any time and from any location. As a result, it is also known as bedside testing. Previously, testing was limited to the laboratories to which the specimen was sent, and obtaining the sample could take anywhere from hours to days. With the advancements of this technique, doctors can now obtain lab-quality diagnostic results in minutes rather than days. It not only saves time, but it also enables clinicians to provide quality and effective patient care in the patient’s home. Point-of-care diagnostics is becoming more popular because of its advantages,.

According to various reports, the total value of the global capillary blood collection and sampling devices treatment market was USD 40-45 billion, with POC diagnostics contributing USD 12-13 billion.

As health awareness and the prevalence of infectious diseases have grown, so has the demand for point-of-care testing. Traditional venous blood collection methods and arterial methods are invasive and painful with an increased risk of needle stick injuries and contamination if not carried out by trained personnel. Capillary blood collection, on the other hand, is less invasive, causes less pain, and has fewer side effects. It also does not necessitate the use of skilled professionals, making it a point care testing technique. With the rise in POC testing, capillary collection devices have advanced.

Opportunities

  • Technological advancements in capillary blood collection devices

Blood collection is an important step in the delivery of healthcare. 70% to 80% of clinical decisions are made based on blood sample analysis. Various companies are using safer, easier, and more efficient methods to collect blood samples, thanks to the growing trend of blood collection innovation. For pharmacy clinics, capillary blood sampling is an excellent technique. This method is chosen over venipuncture due to its ease of use and safety; it also eliminates the need for skilled technicians. One disadvantage of finger sticks is that the blood droplets vary in size. This problem can be solved by introducing new and innovative products.

For instance TAP, the world’s first device that draws blood with a push button, was introduced by Seventh Sense Bio systems. With the push of a button, this device is worn on the upper arm and draws blood. This makes high-quality lab testing more accessible and affordable

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Recent developments

  • In 2020, B.D. and BioMedomics, a privately held clinical diagnostics company based in North Carolina, announced the development of a 15-minute at-home rapid test to assess current COVID-19 exposure. This is a novel testing device that will increase revenue generation.

Europe Capillary Blood Collection and Sampling Devices Market Scope

The capillary blood collection and sampling devices market is segmented on the basis of product, modality, mode of administration, application, platform, procedure, age group, test type, technology, material, end user, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Blood Sampling Devices
  • Capillary Blood Collection Devices
  • Rapid Test Cassette
  • Remote Capillary Blood Collection Device
  • Wearable Capillary Blood Collection Device

Modality

  • Manual Sampling
  • Automated/Autoinjection Sampling

 Mode of Administration

  • Puncture
  • Incision

Application

  • Cardiovascular Disease
  • Infection and Infectious Disease
  • Respiratory Diseases
  • Cancers
  • Rheumatoid Arthritis
  • Others

 Platform

  • Enzyme Immunoassay Platform (Elisa Platform)
  • PCR Platform
  • Lateral Flow Immunoassay Platform
  • ELTABA Platform
  • Others

Procedure

  • Conventional
  • Point of Care Testing

Age Group

  • Geriatrics
  • Infant
  • Pediatric
  • Adult

Test Type

  • Whole Blood Test
  • Dried Blood Spot Tests
  • Plasma/Serum Protein Tests
  • Liver Panel/Liver Profile/Liver Function Tests
  • Comprehensive Metabolic Panel (CMP) Tests
  • Others

 Technology

  • Volumetric Absorptive Microsampling
  • Capillary Electrophoresis-Based Chemical Analysis
  • Others

 Material

  • Plastic
  • Glass
  • Stainless Steel
  • Ceramic

 End User

  • Laboratories
  • Home Care Setting

Distribution Channel

  • Direct Tender
  • Retail Sales
  • Others

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