In 2020, the global capillary blood collection market reached a size of USD 1.40 billion, and it is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 5.3% throughout the forecast period. The key drivers behind the revenue growth in this market include the increasing prevalence of various diseases on a global scale and the growing demand for minimally invasive methods. Capillary blood collection is becoming integral in patient diagnosis, treatment, and management, with its utilization steadily rising worldwide.
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The expanding availability of point-of-care testing is a significant factor driving the demand for advanced medical devices, including capillary blood collection devices, thereby contributing to the market’s revenue growth. Additionally, the capillary blood sampling technique, known for obtaining small blood volumes for laboratory testing, has gained prominence due to its role in minimizing patient discomfort. This technique not only reduces pain but also has the potential to influence the quality of the sample and enhance the accuracy of test results, further bolstering the revenue growth of the market.
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Companies considered and profiled in this market study:
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- Becton,
- Dickinson and Company (U.S),
- Thermofisher Scientific (U.S),
- Braun Melsungen AG (Germany),
- Ypsomed Holding AG (Switzerland),
- Bio-Rad (U.S),
- Sarstedt AG & Co (Germany),
- Terumo Corporation (U.S),
- KABE LABORTECHNIK GmbH (Germany),
- Greiner Bio One International GmbH (Germany),
- Owen Mumford Ltd. (UK).
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Key Drivers for the Capillary Blood Collection Market:
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- Rising Demand for Point-of-Care Testing: The increasing trend toward point-of-care testing, especially in remote or resource-limited settings, is a significant driver for the capillary blood collection market. Capillary blood collection is well-suited for point-of-care diagnostics due to its simplicity and accessibility.
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- Growing Incidence of Chronic Diseases: The rising prevalence of chronic diseases, such as diabetes and cardiovascular disorders, is driving the demand for capillary blood collection devices. Capillary blood is often used for monitoring and managing chronic conditions, contributing to the market growth.
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- Pediatric and Geriatric Applications: Capillary blood collection is commonly used in pediatric and geriatric populations, where venous access may be challenging. The increasing focus on healthcare for these demographic groups fuels the demand for capillary blood collection techniques.
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- Advancements in Capillary Blood Collection Devices: Ongoing technological advancements in capillary blood collection devices, including innovations in lancets and microfluidic systems, are enhancing the efficiency and patient experience. These advancements drive the adoption of capillary blood collection methods.
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- Rise in Infectious Diseases Testing: Capillary blood collection is commonly employed in infectious diseases testing, including HIV and malaria screening. The global emphasis on controlling infectious diseases contributes to the growth of the capillary blood collection market.
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- Increasing Awareness of Early Disease Detection: The emphasis on early disease detection and prevention is driving the demand for capillary blood collection, as it allows for convenient and less invasive sample collection for various diagnostic tests.
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