Phlebotomy Tubes Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The procedure by which an incision is made in a vein is known as phlebotomy. The process is known as a venipuncture.  Phlebotomist is a person who executes phlebotomy. However, doctors, medical laboratory scientists, and nurses often perform phlebotomy procedures as well. Phlebotomy is performed for various reasons such as medical testing, donations, research, and transfusions.  The responsibility of a phlebotomist include identifying the patient, understanding the tests suggested by the physician, accurately identifying the site in the patient body, drawing blood into the proper tubes containing proper additives, correctly elucidating the process to the patients, preparing patients, working on the desired structures of asepsis, following customary and universal safety measures, reinstating hemostasis of the site, educate patients on post-prick care, fasten tubes with printed labels by electronic means, and making sure that the specimen is not contaminated before it reaches the laboratory.

Phlebotomy tubes market is likely to gain significant momentum in the near future, as the prevalence of diseases is increasing in addition to advancements in science and technology, diagnostic tests are the first choice of doctors before treating a patient. Therefore, patients undergo a number of tests before a treatment is started. The patient may or may not be ill, however, the test is performed in which a phlebotomy tubes are used. Phlebotomy tubes are used both for coagulation and anti coagulation blood tests. According to Velano Vascular’s estimation, in the U.S., nearly 800 blood draws are performed every minute. Each blood draw might be associated with multiple phlebotomy tubes. This creates a highly conducive environment for growth of the phlebotomy tubes market.

Phlebotomy Tubes Market Taxonomy

On the basis types of test the global phlebotomy tubes market is classified into:

    • Coagulation Blood Test
    • Anticoagulation Blood Test
    • Others

On the basis of tube top color the global phlebotomy tubes market is classified into:

    • Yellow Top Tube
    • Light Blue Top Tube
    • Red Top Tube
    • Green Top Tube
    • Gray Top Tube
    • Others

On the basis of type of end user the global phlebotomy tubes market market is classified into:

    • Hospitals
    • Diagnostic Centers
    • Laboratories
    • Medical Clinics
    • Others

As per the 2015 National Institute for Health and Clinical Excellence (NICE) guidelines, patients with type 1 diabetes should test their blood sugar levels at least 4 times per day. According to CDC National Diabetes Statistics Report, 2014, about 1.25 million Americans have type 1diabetes, out of which 20,000 are below the age of 20. According to The Juvenile Diabetes Research Foundation report, the number is estimated to touch 5 million by 2050. Therefore, there will be a demand of around twenty million phlebotomy tubes only in America. Hence, the growth of phlebotomy tubes market is evident.

Technological advancement and growing prevalence of phlebotomy in Asia Pacific will make phlebotomy tubes market potential high

According to WHO report, almost half the world’s population is at a risk of malaria, a disease that is diagnosed only through blood test which requires phlebotomy tubes. Advancement in science and technology has led the laboratories and diagnostic centers to opt for better machineries. However, the need for phlebotomy tubes is constant. Advanced machineries have propelled the demand for tests, thereby augmenting the demand for phlebotomy tubes. Moreover, medical practitioners are relying on blood tests of patients to avoid wrong treatment. Patients are increasingly being advised to perform regular blood tests for fatal diseases which do not show any symptoms until later, such as cancer and HIV/AIDS. This will fuel the overall phlebotomy tubes market.

Diabetes is a disease that requires constant monitoring of blood sugar levels. According to Asia Diabetes Prevention Initiative, around 60% of the world’s diabetic population resides in Asia. Countries such as India and China are home to a significant portion of the same population. India is known as the diabetic capital of the world. These patients needs constant monitoring of their blood glucose levels through venipuncture, thereby making the demand for phlebotomy tubes unavoidable. These factors will be responsible for high growth prospects of the global phlebotomy tubes market.

Some of the major competitors operating in the market are Ajosha BioTeklik Pvt. Ltd., Medical Expo, CML Biotech Pvt. Ltd., Gosselin, New MicroMed International Pvt. Ltd., Advacare Pharma, Greiner BioOne, and FL Medical.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.