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The Global Capillary Blood Collection Devices Market is expected to reach USD11.11 billion by 2023, and the market is projected to grow at a CAGR of ~ 5.2 % during the forecast period 2017-2023.Competitive Analysis:
Some of the major players in Global Capillary Blood Collection Devices market are: Danaher Corporation (U.S.A), Sarstedt AG & Co (Germany)., Becton, Dickinson and Company (U.S.A) , Medtronic (U.S.A), Thermo Fisher Scientific Inc (U.S.A)., Kabe Labortechnik GmbH (Germany), Terumo Medical Corporation (Japan), Greiner Bio One International GmbH (U.S.A), and Improve Medical Technology Co (Guangzhou). F. Hoffmann-La Roche Ltd (Switzerland), Abbott Diagnostics Inc. (U.S.A), Beckman Coulter, Inc. (U.S.A), Bio-Rad Laboratories, Inc. (U.S.A) and others.
Market Overview:
Blood Collection for sampling plays a vital role in the efficiency of patient treatment in hospitals, and diagnostic centers around the world. Blood sample collection procedure includes a chain of events, and every portion of this sequence is highly important to maintain high-quality clinical results. Earlier, capillary blood collection was specifically used to obtain blood from infants for genetic screening. However, capillary blood testing is also recommended for old age patients, burn victims, patients with damaged veins, patients with arms in casts, chemotherapy and obese patients.
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It is noted that favorable medical device regulation is the key factor driving the capillary blood collection devices market. Regulation of medical device must be enhanced and improved to safeguard public/patient health and ensure that effective technologies and high-quality products reach patients.
Growing demand for diagnosis of chronic diseases, rising prevalence of diabetes, and increasing geriatric population are also fueling the market growth. According to the population reference bureau, the number of Americans aging 65 and older is projected to be more than double from 46 million in 2015 to over 98 million by 2060. Due to the damage or weakening of blood vessels in the geriatric population capillary blood sampling devices are used so that minimal damage occurs. Moreover, chances of blood infections also subside as these people are more vulnerable towards numerous chronic diseases such as tuberculosis, jaundice, cholesterol, and other communicable diseases.
However, the risk associated with capillary blood assortment techniques and blood contaminations may strongly hinder the growth of the market. Disease such as Variant Creutzfeldt-Jakob disease (vCJD) also known as Mad Cow Disease, a very rare and fatal brain disorder may develop due to blood contaminations (National Institute of Health). Hence, people who may have been exposed to vCJD aren't eligible for blood donation.
Regional Analysis:
The Americas account for a significant market share owing to extensive use of screening and high expenditure on the health care due to high healthcare expenditure of the US. Additionally, the fastest uptake of new instruments and surgical techniques in the US drives the capillary blood collection devices market. The good reimbursement scenario and the greater awareness in the developed regions drive the market.
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Europe is the second largest market in the world due to high income and healthcare penetration. Asia Pacific region is expected to grow rapidly and China and India are likely to lead this market due to fast growing healthcare sector during the forecast period. Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development.
Brief TOC
1 Report Prologue
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5 Market Factor Analysis
…Continued
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