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Acid Citrate Dextrose Tubes Market Outlook (2022-2032)

[305 Pages Report] The global acid citrate dextrose tubes market is estimated to garner US$ 784 Million while exhibiting a CAGR of 5% during the forecast period from 2022- to 2032. The market is expected to secure a value worth US$ 481 Million in 2022. The growth of the market can be credited to the growing demand for blood component storage in blood banks, hospitals, and clinics to prevent contamination of blood components.

“Increasing awareness about safe blood testing methods and expanding geriatric population is anticipated to augment the market size in the forecast period.”

Attributes Details
Global Acid Citrate Dextrose Tubes Market CAGR (2022 to 2032) 5%
Global Acid Citrate Dextrose Tubes Market Size (2022) US$ 481 Million
Global Acid Citrate Dextrose Tubes Market (2032) US$ 784 Million

The increasing geriatric population and growing prevalence of infectious diseases across the globe are expected to play a salient role in driving the global acid citrate dextrose market during the forecast period. Also, the rise in demand for diagnostic tests is expected to be another factor augmenting the market size in the forecast period.

Furthermore, growing awareness about healthcare to prevent disease infection and increasing R&D activities by several players are projected to positively impact the market in the coming time. In 2019, F. Hoffmann-La Roche Ltd., invested about US$ 9.27 Billion in R&D. Such initiatives are anticipated to expand the market size in the forecast period.

Evolving economies such as; China, India, and other SE Asian countries are expected to make a significant contribution to developing the market in the forecast period. The rapid development of the aforementioned regional markets can be attributed to the increasing number of infectious diseases, growing product approvals, and the surging geriatric population, among others.

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What Factors are driving the Acid Citrate Dextrose Tubes Market?

An increasing number of road accidents and surgeries is expected to increase the demand for acid citrate dextrose tubes during the forecast period. As per CDC, on an average 6 million, car accidents occur in the U.S, annually. In addition, increasing cases of blood-related disorders such as; hemophilia, and others, are also anticipated to propel the demand for acid citrate dextrose tubes in the coming time.

Acid Citrate Dextrose Tubes Market

Furthermore, rising awareness about blood safety from infectious diseases through various campaigns is anticipated to support market growth in the coming period. Moreover, surging demand for storage of blood and blood components in blood banks is expected to provide a significant boost to the demand for acid citrate dextrose market in the forecast period. Complications caused due to contamination of blood can result in diseases such as hepatitis, and also mild allergies like swelling of hands, skin rash, feet, and legs. Rise in such cases is projected to be another factor driving the global acid citrate dextrose tubes market. Moreover, ongoing R&D in diseases such as hepatitis can also benefit the industry in the coming time. Growing associations amongst players in the market to offer novel drugs in the treatment of diseases associated with blood transfusion can provide a significant boost to the market in the coming time

Additionally, the increasing launch of blood collection tubes is expected to favor market growth. For instance, in February 2022, Abacus dx announced the addition to Streck’s collection tube portfolio, RNA Complete BCT ™. The tube maintains critical analytical targets for up to seven days when stored at room temperature and allows transport, storage, and convenient sample collection. Owing to such favorable initiatives, the market for acid citrate dextrose tubes is expected to flourish in the coming time.

What are the Prevailing Market Opportunities in the Global Acid Citrate Dextrose Market?

Ongoing development in the acid citrate dextrose tubes is expected to offer significant market opportunities in the forecast period. For instance, BD Vacutainer ™ glass blood collection tubes offer various novel features. Blood is directly drawn from the vein into the evacuated sterile collection tubes and only one venipuncture is required to draw multiple samples. Also, tubes can be changed while the needle and plastic holder remain in place on the patient’s arm. In another instance, Becton & Dickinson developed a safety mechanism that avoids needle stick injury. Such initiatives taken by players are likely to positively influence the market in the forecast period.

Furthermore, the growing demand for new drugs and treatments has enhanced the pre-clinical trials for pharmaceutical companies. Increasing cases of diabetes, kidney diseases, high blood pressure, and liver, among others, are expected to offer remunerative opportunities.

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What are the Factors Impeding the Global Acid Nitrate Dextrose Tubes Market?

Lack of funds amongst the underdeveloped or developing nations is expected to be a significant factor hampering the market growth in the forecast period. Also, high costs associated with tests, instruments, and lac of expertise are other salient factors impeding the market expansion during the assessment period.

However, rising awareness about blood safety and increasing disposable income of developing countries are expected to counter the impeding causes and propel the market in the coming time.

Comparative View of Adjacent Acid Citrate Dextrose Tubes Markets

This section provides key attributes and growth drivers of industries related to the global acid citrate dextrose tubes market, including blood transfusion diagnostics and blood screening markets, to identify potential business opportunities.

Global Acid Citrate Dextrose Tubes Market:

Attributes Global Acid Citrate Dextrose Tubes Market
CAGR (2022 to 2032) 5%
Market Value (2032) US$ 784 Million
Growth Factor The increasing geriatric population and growing prevalence of infectious diseases across the globe are expected to play a significant role in driving the market during the forecast period.
Opportunities The growing demand for new drugs and treatments has enhanced the pre-clinical trials for pharmaceutical companies, which is anticipated to offer significant opportunities for market expansion in the forecast period.

Global Blood Transfusion Diagnostics Market:

Attributes Global Blood Transfusion Diagnostics Market
CAGR (2022 to 2032) 8%
Market Value (2032) US$ 8 Billion
Growth Factor The growing prevalence of blood-related disorders such as; hemophilia, cancer, and other ailments is expected to boost the market in the forecast period.
Opportunities Increasing awareness about blood safety from infectious diseases through various campaigns is expected to offer significant opportunities for the market growth in the assessment period.

Global Blood Screening Market:

Attributes Global Blood Screening Market
CAGR (2022 to 2032) 8%
Market Value (2032) US$ 6 Billion
Growth Factor The increasing number of blood donations and blood donors is expected to drive the market in the forecast period
Opportunities The introduction of automated molecular platforms for blood screening is expected to offer significant market opportunities to the market in the assessment period.

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What is the Segmentation Analysis of the Global Acid Citrate Dextrose Tubes Market?

As per the analysis, the global acid citrate dextrose tubes market, by type, is expected to be dominated by the 6.0 ML during the forecast period. The segment is projected to expand at a CAGR of 5% in the forecast period.

On the other hand, the global acid citrate dextrose tubes, by application, the hospital segment is anticipated to lead the market in the forecast period. The segment is predicted to exhibit a growth rate of 5.1% in the assessment period. The growth of the segment can be attributed to the increasing demand for acid citrate dextrose tubes in hospitals owing to increased hospital visits. Also, the increasing demand for blood and blood component storage in hospitals is another factor that can drive the market in the forecast period.

What is the Regional Analysis of the Global Acid Citrate Dextrose Tubes Market?

How will North America generate Expansion Prospects for Acid Citrate Dextrose Tubes?

According to the analysis, the global acid citrate dextrose market is anticipated to be dominated by North America during the forecast period. The region is expected to be dominated by the U.S during 2022- to 2032. The U.S is likely to garner US$ 280 Million while recording a CAGR of 4.8% during the assessment period.

The growth of the market can be attributed to the increasing awareness of safe blood storage and the expanding geriatric population. Also, the presence of established players in the region is expected to be another salient factor driving the regional market in the assessment period.

Will Europe and Asia Pacific emerge as Key Investment Hotspots?

Europe is expected to garner the second-largest market share during the forecast period. The U.K is projected to secure a market value of US$ 32.2 Million while recording a CAGR of 3.8% during the timeframe of 2022- to 2032. Expansion of the regional market can be attributed to the increasing geriatric population and longer life expectancy.

Asia Pacific has been identified as the most lucrative market in the forecast period. China is expected to dominate the regional market in the forecast period. The country is likely to secure a market value of US$ 56.1 Million while recording a CAGR of 4.4% in the assessment time. Other expected lucrative markets are South Korea and Japan.

Development of the regional market can be attributed to the presence of developing countries and the increasing awareness about safe blood storage. Also, favorable initiatives taken by the government of developing countries are anticipated to benefit industry growth in the forecast period.

Countries Projected CAGR
USA 4.8%
UK 3.8%
China 4.4%
Japan 3.4%
South Korea 3%

What is the Contribution of Key Players of the Global Acid Citrate Dextrose Market in Strengthening the Industry?

Key players in the global acid citrate dextrose market include Becton Dickinson, Fisher Scientific UK, Biomet, Inc., Cepham Life Sciences, and Greiner Bio-One International GmbH, among others. Recent key developments in the market are:

  • In May 2022, Babson Diagnostics, and Becton & Dickinson and Company, announced the expansion of their partnership to move blood sample collection into new care settings, enabling patients to collect blood samples at home for diagnostic testing. The expansion will benefit the acid citrate dextrose tubes market with the ease of blood testing.
  • In March 2021, Becton Dickinson & Company announced the acquisition of GSL Solutions, Inc., it is a company that develops smart medication for the storage of substances and patient-specific medications that enhance security and compliance of medical storage. The acquisition is likely to develop the acid citrate dextrose tubes and augment the market size.

Key Segments Profiled in the Acid Citrate Dextrose Tube Industry Report

Acid Citrate Dextrose Tube Market by Type:

  • 6.0 ML Acid Citrate Dextrose Tubes
  • 8.5 ML Acid Citrate Dextrose Tubes

Acid Citrate Dextrose Tube Market by Application:

  • Acid Citrate Dextrose Tubes for Hospitals
  • Acid Citrate Dextrose Tubes for Diagnostics Centers
  • Acid Citrate Dextrose Tubes for Health Care Clinics

Acid Citrate Dextrose Tube Market by Region:

  • North America Acid Citrate Dextrose Tube Market
  • Europe Acid Citrate Dextrose Tube Market
  • Asia Pacific Acid Citrate Dextrose Tube Market
  • Middle East & Africa Acid Citrate Dextrose Tube Market
  • Latin America Acid Citrate Dextrose Tube Market

Frequently Asked Questions

What is the projected market value of the acid citrate dextrose tubes market in 2022?

The global acid citrate dextrose tubes market is expected to value US$ 481.0 Million in 2022.

What is the anticipated market value of the global acid citrate dextrose tubes market from 2022 to 2032?

The global acid citrate dextrose tubes market is expected to hold a market value of US$ 784 Million during the forecast period.

By application, which segment is expected to lead the market?

The hospitals segment is expected to lead while recording a CAGR of 5.1% during the forecast period.

What is the expected U.S market size by 2032?

The U.S is expected to secure a market value US$ 280.5 Million by 2032.

What is the projected CAGR of China by 2032?

China is expected to expand at a CAGR of 4.4% during the forecast period.

What is the projected market size of Japan during the forecast period?

Japan is anticipated to garner US$ 45.3 Million by 2032.

What is the projected market value of South Korea by 2032?

South Korea is likely to garner US$ 28.3 Million by 2032.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook 

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. FMI Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy 

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment 

    3.1. Risk Assessment 

        3.1.1. COVID-19 Crisis and Impact on Demand

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis 

        3.1.3. Impact on Market Value (US$ Mn)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background and Foundation Data Points 

    4.1. Global Protective Coatings Market (US$ Mn)

    4.2. Market Opportunity Assessment (US$ Mn)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast 

        4.3.1. Demand in optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario 

    4.4. Investment Feasibility Analysis 

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact 

        4.5.1. Top Companies Historical Growth

        4.5.2. Global Protective Coatings Market Growth

        4.5.3. Adoption Rate, By Country

    4.6. Market Dynamics 

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors 

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking 

6. Global Market Demand Analysis 2015-2021 and Forecast, 2022-2032

    6.1. Historical Market Analysis, 2015-2021

    6.2. Current and Future Market Projections, 2022-2032

    6.3. Y-o-Y Growth Trend Analysis

7. Global Market Value Analysis 2015-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Type, 2015-2021

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2022-2032

        8.3.1. 6.0 mL

        8.3.2. 8.5 mL

    8.4. Market Attractiveness Analysis By Type

9. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Application

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021

    9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032

        9.3.1. Hospitals

        9.3.2. Diagnostics Centers

        9.3.3. Health Care Clinics

    9.4. Market Attractiveness Analysis By Application

10. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Region

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021

    10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. Asia Pacific 

        10.3.5. Middle East and Africa (MEA)

    10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis 2015-2021 and Forecast 2022-2032

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        11.4.1. By Country

            11.4.1.1. U.S.

            11.4.1.2. Canada

            11.4.1.3. Rest of North America

        11.4.2. By Type

        11.4.3. By Application

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Type

        11.5.3. By Application

12. Latin America Market Analysis 2015-2021 and Forecast 2022-2032

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        12.4.1. By Country

            12.4.1.1. Brazil

            12.4.1.2. Mexico

            12.4.1.3. Rest of Latin America

        12.4.2. By Type

        12.4.3. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Type

        12.5.3. By Application

13. Europe Market Analysis 2015-2021 and Forecast 2022-2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        13.4.1. By Country

            13.4.1.1. Germany

            13.4.1.2. France

            13.4.1.3. U.K.

            13.4.1.4. Italy

            13.4.1.5. Benelux

            13.4.1.6. Nordic Countries

            13.4.1.7. Rest of Europe

        13.4.2. By Type

        13.4.3. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Type

        13.5.3. By Application

14. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        14.4.1. By Country

            14.4.1.1. China

            14.4.1.2. Japan

            14.4.1.3. South Korea

            14.4.1.4. Rest of Asia Pacific

        14.4.2. By Type

        14.4.3. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Type

        14.5.3. By Application

15. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        15.4.1. By Country

            15.4.1.1. GCC Countries

            15.4.1.2. South Africa

            15.4.1.3. Turkey

            15.4.1.4. Rest of Middle East and Africa

        15.4.2. By Type

        15.4.3. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Type

        15.5.3. By Application

16. Key Countries Market Analysis 2015-2021 and Forecast 2022-2032

    16.1. Introduction

        16.1.1. Market Value Proportion Analysis, By Key Countries

        16.1.2. Global Vs. Country Growth Comparison

    16.2. US Market Analysis

        16.2.1. Value Proportion Analysis by Market Taxonomy

        16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.2.2.1. By Type

            16.2.2.2. By Application

    16.3. Canada Market Analysis

        16.3.1. Value Proportion Analysis by Market Taxonomy

        16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.3.2.1. By Type

            16.3.2.2. By Application

    16.4. Mexico Market Analysis

        16.4.1. Value Proportion Analysis by Market Taxonomy

        16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.4.2.1. By Type

            16.4.2.2. By Application

    16.5. Brazil Market Analysis

        16.5.1. Value Proportion Analysis by Market Taxonomy

        16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.5.2.1. By Type

            16.5.2.2. By Application

    16.6. Germany Market Analysis

        16.6.1. Value Proportion Analysis by Market Taxonomy

        16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.6.2.1. By Type

            16.6.2.2. By Application

    16.7. France Market Analysis

        16.7.1. Value Proportion Analysis by Market Taxonomy

        16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.7.2.1. By Type

            16.7.2.2. By Application

    16.8. Italy Market Analysis

        16.8.1. Value Proportion Analysis by Market Taxonomy

        16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.8.2.1. By Type

            16.8.2.2. By Application

    16.9. BENELUX Market Analysis

        16.9.1. Value Proportion Analysis by Market Taxonomy

        16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.9.2.1. By Type

            16.9.2.2. By Application

    16.10. UK Market Analysis

        16.10.1. Value Proportion Analysis by Market Taxonomy

        16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.10.2.1. By Type

            16.10.2.2. By Application

    16.11. Nordic Countries Market Analysis

        16.11.1. Value Proportion Analysis by Market Taxonomy

        16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.11.2.1. By Type

            16.11.2.2. By Application

    16.12. China Market Analysis

        16.12.1. Value Proportion Analysis by Market Taxonomy

        16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.12.2.1. By Type

            16.12.2.2. By Application

    16.13. Japan Market Analysis

        16.13.1. Value Proportion Analysis by Market Taxonomy

        16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.13.2.1. By Type

            16.13.2.2. By Application

    16.14. South Korea Market Analysis

        16.14.1. Value Proportion Analysis by Market Taxonomy

        16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.14.2.1. By Type

            16.14.2.2. By Application

    16.15. GCC Countries Market Analysis

        16.15.1. Value Proportion Analysis by Market Taxonomy

        16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.15.2.1. By Type

            16.15.2.2. By Application

    16.16. South Africa Market Analysis

        16.16.1. Value Proportion Analysis by Market Taxonomy

        16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.16.2.1. By Type

            16.16.2.2. By Application

    16.17. Turkey Market Analysis

        16.17.1. Value Proportion Analysis by Market Taxonomy

        16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            16.17.2.1. By Type

            16.17.2.2. By Application

        16.17.3. Competition Landscape and Player Concentration in the Country

17. Market Structure Analysis

    17.1. Market Analysis by Tier of Companies 

    17.2. Market Concentration

    17.3. Market Share Analysis of Top Players

    17.4. Market Presence Analysis

        17.4.1. By Regional footprint of Players

        17.4.2. Product footprint by Players

18. Competition Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Competition Deep Dive 

        18.3.1. Fisher Scientific UK

            18.3.1.1. Overview

            18.3.1.2. Product Portfolio

            18.3.1.3. Sales Footprint

            18.3.1.4. Strategy Overview

        18.3.2. Becton Dickinson

        18.3.3. Biomet, Inc.

        18.3.4. Greiner Bio-One International GmbH

        18.3.5. Cepham Life Sciences

        18.3.6. Sekisui Medical Co., Ltd.

        18.3.7. Medtronic PLC (Covidien)

19. Assumptions and Acronyms Used

20. Research Methodology

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