Plasma Separation Tubes Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

According to a recent study by Future Market Insights (FMI), sales in the plasma separation tubes market are expected to top US$ 466.6 Mn in 2021. The market is likely to register a CAGR of over 6.5% during the forecast period, from 2021 to 2031.

Plasma present in a human blood is one of the convenient sources which can circulate biomarkers. The antibodies, antigens and foreign nucleic acid present in plasma, help to diagnose a variety of serious infectious diseases including cancer, Alzheimer’s, and those caused due to Zika or Ebola virus during outbreaks.

As per The Lancet’s 2020 report on the global burden of diseases 2019, which was led by the Institute of Health Metrics & Evaluation analyzed more than 286 causes of death and stated that around 204 countries across the globe were affected by nearly 369 kinds of diseases and injuries associated with more than 80 risk factors. Global crisis due to chronic diseases and related risk factors have left a large number of population at a higher risk and vulnerable to acute health emergencies like in COVID-19 cases.

High prevalence of diseases together with growing researches into development of novel products like miniaturized versions of plasma separation tubes is expected to give opportunity for the market players to invest and grow in the future.

Plasma separation tubes products portfolio involves EDTA tubes, lithium heparin tubes and sodium heparin tubes. There is a growing demand from healthcare sector for advances in developing systems which can help plasma separation from blood without affecting its yield or purity while avoiding variability due to hemolysis.

The centrifugation process thus plays an important role to alleviate such issues. This in turn has increased the demand for tubes for plasma separation.  The increasing ageing population world-wide together with improved healthcare infrastructure, rising investment towards healthcare expansion by governments, and investments in research and developments are expected to stimulate growth in the plasma separation tube market.

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

Key takeaways from Plasma Separation Tubes Market study

• By product, EDTA tubes comprise the most lucrative segment. Demand for EDTA tubes will grow at a CAGR of more than 7.2% over 2021-2031.
• By material, PET/Plastic tubes will lead the market in the forecast period growing at CAGR of 6.7%.
• By application, routine chemistry will dominate the market with more than 34% of the share in 2031.
• By end user, diagnostic laboratories segment is leading the market and expected to hold more than 46% of revenue share over the forecast period.
• Europe will dominate the global plasma separation tubes market in terms of revenue in 2021, followed by East Asia.
• China holds lead in in East Asia and is expected to account for nearly 66% of market share by 2031.

“With competition expected to soar in the coming years, market players are expected to shift focus towards expansion of their portfolio. Besides investment in advanced product development, some are expected to emphasize on mergers and acquisitions to strengthen their global footprint,” said a FMI analyst.

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Who is winning?Some of the leading manufacturers of plasma separation tubes are focusing on innovative and strong product portfolio management, increased investment in research and development, online & offline engagement and partnerships as growth strategies, in order to enhance their market presence.

• In June 2018, Poly Medicure acquired Plan 1 Health S.R.L., one of the prominent medical device player operating in Italy. This acquisition will help company to expand its geographical reach as well as enhance its portfolio in the medical device industry region. Further, as per agreement, Plan 1 Health S.R. L. will now operate as a subsidiary of Poly Medicure B.V, and indirect subsidiary of Poly Medicure Limited.
• In June 2021, Sekisui Medical acquired Veredus Laboratories Pte.Ltd., a testing company based out of Singapore. This acquisition enabled the company to strengthen their presence in the Asian economies
• In March 2018, BD upgraded its instruction for its BD Vacutainer tubes as a part of its quality process, which ensures appropriate use of these tubes
• In Oct 2018, Aptaca introduced VacuAptaca series for its vacuum collection blood and urine devices

The key market players covered includes Becton, Dickinson, & Company, Greiner Bio-One GmbH, Guangzhou Improve Medical Instruments Co.,Ltd, AB Medical, Inc., SARSTEDT AG & Co. KG, Cardinal Health, Poly Medicure Ltd, FL Medical , InterVac Technology, CHENGDU RICH SCIENCE INDUSTRY CO., LTD., Zhejiang Gongdong Medical Technology Co., Ltd., Aptaca Spa., Hindustan syringes & Medical Devices.

Want more insights?Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global plasma separation tubes market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on plasma separation tubes segment based on Product (EDTA tubes, lithium heparin tubes and sodium heparin tubes), by material (PET/Plastic and glass), by 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) across seven major regions.

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