Sample Collection Devices Industry Market Segments and Key Trends 2022-2031 | Says Kenneth Research

Kenneth Research recently added a report on Sample Collection Devices Industry Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Sample Collection Devices Industry Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sample Collection Devices Industry Market products.

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“The sample collection device is a medical product that helps to monitor blood/urine/tissue production and hygiene requirements for a long time to detect various diseases such as urinary tract infections, blood infections, etc. The sample collection device is used as a backup for the blood or tissue collection system to prevent accidental emergencies for long-term hospitalized patients.

In 2013, approximately 21 million adults in the United States were diagnosed with heart disease and cancer in the prognosis. However, complications associated with sampling equipment, such as equipment wear, maintenance, increased risk of infection, and difficulty in handling, hinder the development of sample collection equipment. The safety of the locking threaded Luer connection that replaces the Luer sliding device.

The Taiwanese government will invest US$6.5 million in the medical device industry, with the goal of increasing the industry’s output value to US$1 billion within the planned year. In the industry, many companies are adopting strategies such as collaboration, product portfolio expansion, mergers and acquisitions. For example, Becton, Dickinson and Company acquired CareFusion Corp. to expand its product portfolio and went global in 2015.

 Global Sample Collection Equipment Market Segmentation:

Blood Collection by Product Type Needle and Syringe Tube (EDTA, Heparin, Serum Separator, Plasma Separator) Plasma Collection Container, Catheter Bag, Urine Bag (Leg Bag, Night Bag, Abdominal Bag) Blood Bag Press Raw material latex silicone plastic hospital blister ByBostic Lobs).

 Growth drivers and challenges: 

Increasing population aging, government reimbursement policies, the reduction of pathogen-contaminated samples, and the reduction of odor and leakage risks are the driving factors for the sample collection equipment market.
CDC has begun to work with the South African government to develop national HIV clinical and research guidelines, provide epidemiological training, and support HIV and TB programs, which in turn will affect sample collection equipment at the world level.

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Among all medical staff, needle sticks and sharps injuries, the high cost of blood processing equipment, the risk to patient safety caused by the possibility of the spread of infectious diseases, and the lack of trained professionals who handle the sample collection equipment hinder the operation of the sample collection equipment market. The advent of advanced automated blood collection and processing equipment as well as needle-free equipment and RFID technology tends to limit the global market for sample collection equipment.

 Market size and forecast: 

The global sample collection equipment market is estimated to be valued at ~USD 12 billion in 2021 and is expected to grow at a compound annual growth rate of 9% during the 2022-2030 forecast period. Needles and syringes (40%) were the largest revenue-generating market in 2020, and it is expected that in the near future, the pipeline segment will dominate the global sample collection equipment market.

According to a 2006 report by the Australian Institute of Health and Wellness, urinary incontinence affects up to 13% of Australian men and 37% of Australian women, which tends to ignite the urine bag market. Due to the awareness and healthcare initiatives of the government and non-governmental organizations, sample collection equipment is expected to grow at the fastest rate during the forecast period. Geographically, North America dominated the global sample collection equipment market in 2020. Due to the prevalence of lifestyle diseases and government initiatives to establish innovative technologies and demand for services, the Asia-Pacific region is the fastest growing region.

 This global sample collection equipment market report covers:

Market Summary Market Segmentation The global sample collection equipment market segmentation is as follows: By product type (market size, demand analysis, and growth analysis), by raw material (market size, demand analysis, and growth analysis) The end-user (market size, demand analysis and growth analysis) global sample collection equipment market report covers the information of the regions mentioned below:

North America (United States, Canada) {market size, growth analysis and opportunity analysis} Latin America (Argentina, Mexico, Brazil and the rest of Latin America) {market size, growth analysis and opportunity analysis} Europe (Germany, Italy, Spain, France, the United Kingdom, the Netherlands, Sweden, Hungary, Russia, Poland, other regions of Europe) {Tama market year, growth analysis And opportunity analysis}Asia-Pacific region (China, India, Singapore, Japan, Australia, New Zealand, South Korea and other parts of Asia-Pacific) {market size, growth analysis and opportunity analysis}Middle East and North Africa (MENA) {market size, growth analysis and opportunity analysis } Other regions of the world {market size, growth analysis and opportunity analysis} Market dynamics: growth momentum, constraints and opportunity factors, risk regional changes, recent trends and developments.

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