According to FutureWise analysis the market for Capillary Blood Collection in 2023 is US$ 1.65 billion, and is expected to reach US$ 2.52 billion by 2031 at a CAGR of 5.40%.
A prepared test vessel (collection tubes) and a prepared plastic end-to-end collecting capillary with stopper are used for capillary blood collection. Capillary blood collection is a popular method for collecting blood because it is simple to use and has light-protected, coloured capillaries for bilirubin analysis. Furthermore, capillary blood collection tubes are indestructible, and the plastic capillary allows for precise filling volume. Capillary blood collection is increasingly employed in the diagnosis, treatment, and management of patients around the world. Demand for innovative medical equipment such as capillary blood collection devices has increased as point-of-care testing has become more widely available. This is driving the market's revenue growth. Furthermore, because it is painless, the capillary blood sampling technique is commonly employed to gather tiny blood volumes for laboratory testing. Another aspect contributing to market revenue growth is the quality of the sample and the accuracy of test results, which can be influenced by this technique. Newborn genetic screening tests have become standard practise for detecting certain dangerous or potentially deadly abnormalities in neonates. Early discovery allows for treatment, which helps to avoid significant health issues or chronic illnesses. Due to its quick identification and treatment, various life-threatening health problems, serious lifelong disabilities, and mental retardation can be avoided or minimised with the help of capillary blood collection, which is a major factor driving revenue growth in the global capillary blood collection market. Capillary blood sample is also easier, less invasive, and painless when compared to venous blood sampling.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Capillary Blood Collection Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Capillary Blood Collection Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.