Glucose Analysis Tubes Market
Glucose Analysis Tubes Market Forecasts to 2028 - Global Analysis By Product (Sodium Fluoride, Potassium Fluoride, Fluoride Oxalate), Material (Polyethylene , PET/Plastic, Glass) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $456.2 MN |
|
Projected Year Value (2028) |
US $711.95 MN |
|
CAGR (2022 - 2028) |
7.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Fastest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Glucose Analysis Tubes Market is accounted for $456.2 million in 2022 and is expected to reach $711.95 million by 2028 growing at a CAGR of 7.7% during the forecast period. A glucose analysis tubes is mostly a diagnostic test of the blood that checks for diabetes by measuring the level of glucose in a person's blood.
According to WHO, in 2019, there were 254 million older adults aged 60 and above in the country and 176 million older adults aged 65 and above. Thus, glucose analysis tube manufacturers have a great opportunity to grow in the country over the forecast period.
Market Dynamics:
Driver:
Rising prevalence of diabetes across
The high pervasiveness of diabetes across the world is one element supporting development in the worldwide market. Change in dietary patterns, hunger, hereditary transformation, etc. Additional, ascend in mindfulness among the client with respect to taking care of oneself test strips for successful observing of blood sugar level lifts the interest for blood glucose test strips in the locale. Regular monitoring of diabetes through glucose analysis and healthy lifestyle and eating habits can help in reducing the risk of diabetes. Mechanical progression in the medical services industry is another element that could expand the development of the worldwide market. Administrative bodies are assisting makers with consolidating very good quality innovation in their items. This is likewise driving the worldwide market.
Restraint:
High cost
Due to unnecessary cost associated to the test strips is one of the critical limitations of the worldwide market. It builds the general expense of treatment altogether as a diabetic patent expects 4 to 5strips in the day for powerful observing of their blood glucose. Hence, the vast majority of the patients are turning towards the more reasonable nonexclusive strips.
Opportunity:
Technological advancements
There is a rising trend toward improvements in blood collection. Two firms won US FDA 510(k) clearances for blood collection devices recently—a push-button device from Seventh Sense called TAP, and a needle-free device from Velano Vascular called Pivo. Innovative hematology-tube designs have been introduced to support capillary-blood collection for reducing the risks of collection and processing errors in DVA patients. Besides this, a vein illumination and visualization technique—vein finder, a recent addition to safe blood collection procedures—is used to assist healthcare professionals in finding a good vein for venipuncture. The device illuminates the veins beneath the skin using ultrasound or infrared technology and facilitates easy vein access, thus reducing the need for repeated venipuncture. Hence it creates ample opportunities for the market growth.
Threat:
Difficulties of storage and shipping
Storage and shipping whole blood samples poses significant challenges and costs. Once collected, whole blood must be used instantly or stored and preserved under strict temperature and environmental conditions for analysis or other applications. The characteristics of blood samples begin to change within hours of collection if not refrigerated or frozen. Keeping their constancy is vital since blood components begin to degrade immediately; extended exposure to ambient temperatures can dramatically affect the outcome of any analysis on such samples. Therefore, medical organizations around the world have created guidelines for their storage, packaging, and shipping.
Impact of Covid- 19
COVID-19 is anticipated to have a positive impact on the market for glucose analysis tubes. It is owing to increasing demand for diagnosis and testing during the pandemic phase. The diagnostic industry is the one with the highest demand during the coronavirus outbreak. With increase of the coronavirus crisis, healthcare providers shifted their practice and purchasing priorities to meet the demands of a pandemic. Also, it was seen that many people experienced elevated blood glucose levels post COVID-19 infection. Regular monitoring in such cases, thus, increased demand for these tubes at diagnostic centers.
The Polyethylene PET/Plastic segment is expected to be the largest during the forecast period
The Polyethylene PET/Plastic segment is expected to be the largest during the forecast period, owing to numerous benefits such as it being lightweight and less expensive than glass tubes. PET/Plastic strong, break-resistant, and can be as clear as glass bottles or jars. PET makes an excellent choice as a material in many industries. Factors such as its chemical resistance, strength-to-weight ratio, shatterproof properties, and low-cost to product make it an accessible solution for consumable product packaging. Furthermore, the toughness of plastic is more as compared to glass. Thus, this segment is expected to create multiple opportunity for manufactures.
The Hospitals segment is expected to have the highest CAGR during the forecast period
The Hospitals segment is expected to have the highest CAGR during the forecast period. The growing prevalence of transferrable diseases and the increase in the number of trauma cases, as well as C-sections and organ transplants, have ensured the demand for blood collection equipment and devices in hospital facilities.
Region with highest share:
North America is projected to hold the largest market share during the forecast period The factor attributed to the growth of this market is driven by alteration or changes in lifestyle and unhealthy eating habits, and presence of key players in the U.S. actors such as the increasing prevalence of lifestyle diseases and the rising incidence of blood disorders, better healthcare facilities, and the presence of major manufacturers in the province are motivating the growth of the market in North America.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, due to factors like a boost in government backing and the surging progress in blood collection technology in the Asia-Pacific province. The growing population of the elderly and the increasing need for blood transfusion for the treatment of distinct hematological ailments requiring the application of EDTA tubes are further fuelling the progress of the Market in the Asia-Pacific region.
Key players in the market
Some of the key players profiled in the Glucose Analysis Tubes Market include 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 spa, Hindustan Syringes & Medical Devices, Biosigma S.p.A.
Key Developments:
In February 2021: Greiner Bio-One introduced the Vacuette FC Mix Tube for glucose analysis.
In March 2018: Becton, Dickinson, and Company (BD) upgraded its instructions for its BD vacutainer tubes as a part of its quality process, which ensures the appropriate use of these tubes.
Products Covered:
• Sodium Fluoride
• Potassium Fluoride
• Fluoride Oxalate
Materials Covered:
• Polyethylene PET/Plastic
• Glass
End Users Covered:
• Vet Hospitals & Clinics
• Research & Academic Institutes
• Hospitals & Clinics
• Diagnostic Laboratories
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Glucose Analysis Tubes Market, By Product
5.1 Introduction
5.2 Sodium Fluoride
5.3 Potassium Fluoride
5.4 Fluoride Oxalate
6 Global Glucose Analysis Tubes Market, By Material
6.1 Introduction
6.2 "Polyethylene
PET/Plastic"
6.3 Glass
7 Global Glucose Analysis Tubes Market, By End User
7.1 Introduction
7.2 Vet Hospitals & Clinics
7.3 Research & Academic Institutes
7.4 Hospitals & Clinics
7.5 Diagnostic Laboratories
8 Global Glucose Analysis Tubes Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Becton, Dickinson, and Company
10.2 Greiner Bio-One International GmbH
10.3 Guangzhou Improve Medical Instruments Co.,Ltd
10.4 AB Medical Inc.,
10.5 SARSTEDT AG & Co.KG
10.6 InterVac Technology
10.7 Cardinal Health, Inc.
10.8 Poly Medicure Ltd.
10.9 FL Medical
10.10 CHENGDU RICH SCIENCE INDUSTRY CO., LTD.
10.11 Sekisui Medical Co., Ltd
10.12 APTACA spa
10.13 Hindustan Syringes & Medical Devices
10.14 Biosigma S.p.A.
List of Tables
1 Global Glucose Analysis Tubes Market Outlook, By Region (2020-2028) (US $MN)
2 Global Glucose Analysis Tubes Market Outlook, By Product (2020-2028) (US $MN)
3 Global Glucose Analysis Tubes Market Outlook, By Sodium Fluoride (2020-2028) (US $MN)
4 Global Glucose Analysis Tubes Market Outlook, By Potassium Fluoride (2020-2028) (US $MN)
5 Global Glucose Analysis Tubes Market Outlook, By Fluoride Oxalate (2020-2028) (US $MN)
6 Global Glucose Analysis Tubes Market Outlook, By Material (2020-2028) (US $MN)
7 Global Glucose Analysis Tubes Market Outlook, By Polyethylene PET/Plastic (2020-2028) (US $MN)
8 Global Glucose Analysis Tubes Market Outlook, By Glass (2020-2028) (US $MN)
9 Global Glucose Analysis Tubes Market Outlook, By End User (2020-2028) (US $MN)
10 Global Glucose Analysis Tubes Market Outlook, By Vet Hospitals & Clinics (2020-2028) (US $MN)
11 Global Glucose Analysis Tubes Market Outlook, By Research & Academic Institutes (2020-2028) (US $MN)
12 Global Glucose Analysis Tubes Market Outlook, By Hospitals & Clinics (2020-2028) (US $MN)
13 Global Glucose Analysis Tubes Market Outlook, By Diagnostic Laboratories (2020-2028) (US $MN)
14 North America Glucose Analysis Tubes Market Outlook, By Country (2020-2028) (US $MN)
15 North America Glucose Analysis Tubes Market Outlook, By Product (2020-2028) (US $MN)
16 North America Glucose Analysis Tubes Market Outlook, By Sodium Fluoride (2020-2028) (US $MN)
17 North America Glucose Analysis Tubes Market Outlook, By Potassium Fluoride (2020-2028) (US $MN)
18 North America Glucose Analysis Tubes Market Outlook, By Fluoride Oxalate (2020-2028) (US $MN)
19 North America Glucose Analysis Tubes Market Outlook, By Material (2020-2028) (US $MN)
20 North America Glucose Analysis Tubes Market Outlook, By Polyethylene PET/Plastic (2020-2028) (US $MN)
21 North America Glucose Analysis Tubes Market Outlook, By Glass (2020-2028) (US $MN)
22 North America Glucose Analysis Tubes Market Outlook, By End User (2020-2028) (US $MN)
23 North America Glucose Analysis Tubes Market Outlook, By Vet Hospitals & Clinics (2020-2028) (US $MN)
24 North America Glucose Analysis Tubes Market Outlook, By Research & Academic Institutes (2020-2028) (US $MN)
25 North America Glucose Analysis Tubes Market Outlook, By Hospitals & Clinics (2020-2028) (US $MN)
26 North America Glucose Analysis Tubes Market Outlook, By Diagnostic Laboratories (2020-2028) (US $MN)
27 Europe Glucose Analysis Tubes Market Outlook, By Country (2020-2028) (US $MN)
28 Europe Glucose Analysis Tubes Market Outlook, By Product (2020-2028) (US $MN)
29 Europe Glucose Analysis Tubes Market Outlook, By Sodium Fluoride (2020-2028) (US $MN)
30 Europe Glucose Analysis Tubes Market Outlook, By Potassium Fluoride (2020-2028) (US $MN)
31 Europe Glucose Analysis Tubes Market Outlook, By Fluoride Oxalate (2020-2028) (US $MN)
32 Europe Glucose Analysis Tubes Market Outlook, By Material (2020-2028) (US $MN)
33 Europe Glucose Analysis Tubes Market Outlook, By Polyethylene PET/Plastic (2020-2028) (US $MN)
34 Europe Glucose Analysis Tubes Market Outlook, By Glass (2020-2028) (US $MN)
35 Europe Glucose Analysis Tubes Market Outlook, By End User (2020-2028) (US $MN)
36 Europe Glucose Analysis Tubes Market Outlook, By Vet Hospitals & Clinics (2020-2028) (US $MN)
37 Europe Glucose Analysis Tubes Market Outlook, By Research & Academic Institutes (2020-2028) (US $MN)
38 Europe Glucose Analysis Tubes Market Outlook, By Hospitals & Clinics (2020-2028) (US $MN)
39 Europe Glucose Analysis Tubes Market Outlook, By Diagnostic Laboratories (2020-2028) (US $MN)
40 Asia Pacific Glucose Analysis Tubes Market Outlook, By Country (2020-2028) (US $MN)
41 Asia Pacific Glucose Analysis Tubes Market Outlook, By Product (2020-2028) (US $MN)
42 Asia Pacific Glucose Analysis Tubes Market Outlook, By Sodium Fluoride (2020-2028) (US $MN)
43 Asia Pacific Glucose Analysis Tubes Market Outlook, By Potassium Fluoride (2020-2028) (US $MN)
44 Asia Pacific Glucose Analysis Tubes Market Outlook, By Fluoride Oxalate (2020-2028) (US $MN)
45 Asia Pacific Glucose Analysis Tubes Market Outlook, By Material (2020-2028) (US $MN)
46 Asia Pacific Glucose Analysis Tubes Market Outlook, By Polyethylene PET/Plastic (2020-2028) (US $MN)
47 Asia Pacific Glucose Analysis Tubes Market Outlook, By Glass (2020-2028) (US $MN)
48 Asia Pacific Glucose Analysis Tubes Market Outlook, By End User (2020-2028) (US $MN)
49 Asia Pacific Glucose Analysis Tubes Market Outlook, By Vet Hospitals & Clinics (2020-2028) (US $MN)
50 Asia Pacific Glucose Analysis Tubes Market Outlook, By Research & Academic Institutes (2020-2028) (US $MN)
51 Asia Pacific Glucose Analysis Tubes Market Outlook, By Hospitals & Clinics (2020-2028) (US $MN)
52 Asia Pacific Glucose Analysis Tubes Market Outlook, By Diagnostic Laboratories (2020-2028) (US $MN)
53 South America Glucose Analysis Tubes Market Outlook, By Country (2020-2028) (US $MN)
54 South America Glucose Analysis Tubes Market Outlook, By Product (2020-2028) (US $MN)
55 South America Glucose Analysis Tubes Market Outlook, By Sodium Fluoride (2020-2028) (US $MN)
56 South America Glucose Analysis Tubes Market Outlook, By Potassium Fluoride (2020-2028) (US $MN)
57 South America Glucose Analysis Tubes Market Outlook, By Fluoride Oxalate (2020-2028) (US $MN)
58 South America Glucose Analysis Tubes Market Outlook, By Material (2020-2028) (US $MN)
59 South America Glucose Analysis Tubes Market Outlook, By Polyethylene PET/Plastic (2020-2028) (US $MN)
60 South America Glucose Analysis Tubes Market Outlook, By Glass (2020-2028) (US $MN)
61 South America Glucose Analysis Tubes Market Outlook, By End User (2020-2028) (US $MN)
62 South America Glucose Analysis Tubes Market Outlook, By Vet Hospitals & Clinics (2020-2028) (US $MN)
63 South America Glucose Analysis Tubes Market Outlook, By Research & Academic Institutes (2020-2028) (US $MN)
64 South America Glucose Analysis Tubes Market Outlook, By Hospitals & Clinics (2020-2028) (US $MN)
65 South America Glucose Analysis Tubes Market Outlook, By Diagnostic Laboratories (2020-2028) (US $MN)
66 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Country (2020-2028) (US $MN)
67 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Product (2020-2028) (US $MN)
68 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Sodium Fluoride (2020-2028) (US $MN)
69 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Potassium Fluoride (2020-2028) (US $MN)
70 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Fluoride Oxalate (2020-2028) (US $MN)
71 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Material (2020-2028) (US $MN)
72 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Polyethylene PET/Plastic (2020-2028) (US $MN)
73 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Glass (2020-2028) (US $MN)
74 Middle East & Africa Glucose Analysis Tubes Market Outlook, By End User (2020-2028) (US $MN)
75 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Vet Hospitals & Clinics (2020-2028) (US $MN)
76 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Research & Academic Institutes (2020-2028) (US $MN)
77 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Hospitals & Clinics (2020-2028) (US $MN)
78 Middle East & Africa Glucose Analysis Tubes Market Outlook, By Diagnostic Laboratories (2020-2028) (US $MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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