Plasma Separation Tubes Market by Product (EDTA Tubes, Lithium Heparin Tubes, Sodium Heparin Tubes), Material (PET/Plastic, Glass), Application (Routine Chemistry, Serology & Immunology, Blood Typing, Blood Sugar Assay, Molecular Genetics), End User, & Region - Forecast to 2021 – 2031

Plasma Separation Tubes Market by Product, Material, Application, End User & Region for 2021 – 2031: Analysis and Review

Plasma Separation Tubes Market Snapshot

[250 Pages Report] The Plasma Separation Tubes Market revenue totaled US$ 466.6 Mn in 2021, according to Future Market Insights (FMI) study. The overall sales of plasma separation tubes is expected to reach US$ 874.6 Mn by 2031, growing at a CAGR of 6.5% between 2021 and 2031.

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 higher 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 rise in the demand for rapid point of care testing will drive the Plasma Separation Tubes Market over the forecast period.

According to Future Market Insights (FMI), the Plasma Separation Tubes Market will account for 25% of the US$ 1.8 Bn worth blood collection tubes market in 2021.

Data Points

Market Insights

Plasma Seperation Tubes Market Value 2020

US$ 443.5 Mn

Plasma Seperation Tubes Market Estimated Value 2021

US$ 466.6 Mn

CAGR 2021-2031

6.5%

2021-2031 Plasma Separation Tubes Market Outlook Compared to 2016-2020

According to Future Market Insights (FMI), the sales of plasma separation tubes have grown at a CAGR of 4.2 % between 2016 and 2020. Plasma separation tubes market has seen an incremental growth and is expected to gain from 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 on the wellbeing 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 separationis largely driven by rising cases of diseases and increasing number of diagnostics and testing centers. These factors also will propel the plasma separation tubes market.

Future Market Insights (FMI) has forecast the the global market to grow at a CAGR of 6.5% in terms of market value over the forecast period by 2031.

What are the Key Factors Driving Plasma Seperation Tubes Market?

Growing ageing population and sedentary lifestyle accompanied by lack of physical activity amongst working population are leading to the rising cases of chronic and lifestyle diseases.

As per the Centers for Disease Control and Prevention (CDC) 2021, six in every ten adults in the US suffers from chronic diseases while 4 in every 10 adults have nearly two or more chronic diseases.

Canada Statistics Health Survey in March 2019 reported that around 15.7% of Canadian population have a disability which was described as a health disorder or a condition that can cause difficulty in conducting everyday activity.

High prevalence of diabetes, stroke, cancer, heart diseases, and other health concerns is the leading driver resulting in high demand for plasma separation tubes worldwide.

With the growing prevalence of chronic diseases like HIV and HCV, and the threat of outbreaks such as Zika or Corona virus, the need for timely detection and diagnosis of early signs of ailments has become crucial. As a result of this, the demand for centrifugation process is at all time high.

Particularly in hospitals, blood banks and diagnostic centers, the use of centrifugation process using tubes for plasma separation has significantly increased. These tubes contains specialized gels which causes blood to clot and separate plasma from blood. This plasma serum is then utilized in order to diagnose diseases.

Considering this, the surging demand for timely diagnosis will propel growth in the plasma separation tubes market.

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

Many companies are entering into strategic agreements, mergers, and acquisitions to expand their sales footprints around the globe. Growing research and development activities and expansion of products and distribution channels in developing economies are helping market players to capitalize on untapped market potential.

The increasing demand for sterilized plasma separation tubes in academic laboratories, research institutes, R&D testing labs, and hospitals to collect blood and to separate plasma from blood has positioned plasma separation tubes market to register impressive growth.

Cost effectiveness, easy cleaning process, and lesser time consumption related to the use of plasma separation tubes have made them highly sought-after in the healthcare sector. Availability of disposable tubes with no cleaning or sterilization process requirement has further facilitated growth in the plasma separation tubes market.

What are the Factors Restricting Plasma Separation Tubes Market Growth?

Expiration dates of plasma separation tubes are limited by the shelf life of additives. While in glass tubes, vacuum and water losses are minimal overtime, plastic tubes can endure a measurable loss of vacuum during the shelf life.

Additionally, gels and additives are sensitive to radiations and certain environmental factors which often restricts the determination of the expiration dates for the evacuated tubes. If environmental conditions under which shelved tubes are kept in storage does not comply with those recommended by the producer, it is likely that the draw volume of the tubes will be affected.

Such drawbacks associated with the vacuum blood collection devices may lead to a shift of preference for non-vacuum blood collection devices, thereby, hindering the adoption of vacuum blood collection devices among diagnostic laboratories, hospitals, and clinics which are the major end users of this devices

Futhermore, blood collection and plasma separation are sensitive techniques and negligence in operation or lack of skills can ruin the process. The handling and preservation of blood sample require trained and qualified personnel.

Lack of knowledge and skilled professionals are expected to act as a restraint to the market growth for the life sciences industry which in turn can impact the plasma separation tubes market.

What is the Impact of the COVID-19 Crisis on the Plasma Seperation Tubes Market?

The COVID-19 pandemic had a positive impact on the plasma separation tubes market. Rising number of patients affected by the novel coronavirus led to an increasing need for detection and diagnosis of symptoms.

Increasing researches for developing vaccination against COVID-19 also fuelled the demand for disposable plasma separation tubes for collecting blood. Manufacturers also have expanded their sales through online sales channels to push their sales in different cities and regions.

Country-wise Insights

Will the U.S. Plasma Separation Tubes Market Continue Exhibit High Growth?

North America is fourth largest plasma separation tubes market globally in terms of revenue, while the United States (US) market is expected to account for over 87% of the North America market share in 2021. Demand in the US is anticipated to continue growing through the forecast period.

The market is mainly is driven by increasing initiatives undertaken by the government with an aim to spread awareness about chronic diseases and the importance of getting diagnosed at the earliest to opt for better treatment options and facilities.

Besides this, there is a growing public-private investments, research fundings and grants in order to develop innovative diagnostic tools and testing equipment. Diagnostic laboratories segment has emerged as the most lucrative segment in this region.

Why is Russia Plasma Seperation Tubes Market Considered Lucrative?

Europe is the largest supplier of plasma separation tubes, as revealed in the analysis. Russia is expected to account for nearly 27.9% of the Europe market in 2021. Rising obese population and growing prevalence of chronic disorders have increased the plasma separation tubes demand in Russia.

As per WHO, 2018 data, in Russia, more than 60% of population suffering from overweight issue while 20% of them are in the obese category. People aged 55 years and above are liklier to suffer from obesity which has been a major concern since these individuals are at higher risk of developing heart disease, diabetes, or cancer.

Rising incidence of chronic diseases will indirectly increase the need for testing centers. Utilization of plasma separation tubes in the testing centers will provide rewarding opportunity to the players operating in this market.

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

The market for plasma separation tubes in East Asia will exhibit a 9.6% CAGR during the forecast period. China is expected to emerge dominant in this region, accounting for over 66%  of the market share by 2031.

 China has the world’s second largest disabled population and one of the highest rates of road accidents, resulting in higher incidence of injured. Presence of strong medical device industry and availability of local players in large numbers providing are expected to drive the market in the future.

What is the demand for Plasma Separation Tubes High in India?

India dominated the South Asia market with a current market share of 33.2% and is expected to remain dominant through the forecast period. Rising medical tourism industry, particularly for treatment procedures and diagnostic therapies are the key factors that creates a demand for plasma separation tubes in India.

Category-wise Insights

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

EDTA Tubes are leading the market at global level and are estimated to account for nearly 37% of the total market revenue share in the forecast period. Rise in the prevalence of chronic diseases and increasing need for blood testing and diagnostic options will fuel demand for EDTA tubes.

Since EDTA tubes contain EDTA anticoagulant which allows the preservation of cellular components and blood cells 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 Market by End User?

Diagnostic laboratories segment is expected to be the most lucrative one in terms of end user and is expected to grow at a CAGR of over 6.4% in the forecast period. Diagnostics labs are the main centers which undertake the process of blood sample collection and running test for various diagnostic as well as research purposes.

Growing demand from diagnostic centers for blood testing and collection tubes is expected to boost the plasma separation tubes market.

Competitive Landscape

Manufacturers of plasma separation tubes are primarily aiming to carry out strategic expansions through merger and acquisitions, collaborations and product launches to consolidate growth in a competitive market.

  • For instance, 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 new packaging system for its blood collection devices set. This packaging sets are available for pack of 1,2,and 5 tube pack

Scope of the Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value and Units for Volume

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, South Africa

Key Segments Covered

Product, Material, Application, End User and Region

Key Companies Profiled

  • 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.   

Report Coverage

Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Questions Answered in Report

  • How much is the Plasma Separation Tubes market worth?

    The plasma separation tubes market is worth US$ 466.6 Mn in 2021 and is expected to reach US$ 874.6 Mn by 2031.

  • What is the demand outlook of the Plasma Separation Tubes market?

    Plasma separation tubes market is projected to register growth at a CAGR of 6.5% between 2021 and 2031.

  • What are the key trends shaping the Plasma Separation Tubes market?

    Use of vacuum blood collection tubes for liquid biopsy and adoption of inorganic growth strategies and mergers and acquisitions by leading firms to capitalize on the growth opportunities are some of the trends driving the plasma separation tubes market.

  • What factors are driving the Separation Tubes market?

    Growing awateness about the importance of regular health-checkups due to rise in lifestyle & chronic diseases, ease in sample collection and processing, and new product launches are some of the major factors driving the plasma separation tubes market.

  • Which are the top 5 countries driving demand for Plasma Separation Tubes?

    U.S., China, Italy, France and Russia are the top 5 countries driving the demand for

  • At what rate will the sales of Plasma Separation Tubes rise in Europe?

    Europe plasma separation tubes market is forecast at to grow at a CAGR of 5.6 % during 2021- 2031.

  • At what rate will demand for Plasma Separation Tubes grow in East Asia?

    The East Asia market is set to exhibit a CAGR of 9.6 % during the forecast period, from 2021 to 2031.

  • Who are the top Plasma Separation Tubes producers?

    Becton, 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 S.p.A, Hindustan Syringes & Medical Device and Biosigma S.p.A. are key producers in this market.

  • What is Plasma Separation Tubes market statistics for Korea and Japan?

    Japan plasma separation tubes are expected to grow at a CAGR of 8.3% during the forecast period. The South Korea market is expected to grow at a CAGR of 8.7% through 2031.

  • At what rate will the sales of Plasma Separation Tubes rise in South Asia?

    The South Asia market will exhibit a CAGR of 7.6% during the forecast period.

Plasma separation tubes Market by Category

Product

  • EDTA Tubes
  • Lithium Heparin Tubes
  • Sodium Heparin Tubes

Material

  • PET/Plastic
  • Glass

Application

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

End User

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

Region

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

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