Capillary Blood Collection Devices Market Size, Trends, Growth By 2024-2033

Capillary Blood Collection Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities. Market Size - The capillary blood collection devices market size has grown rapidly in recent years. It will grow from $2.13 billion in 2023 to $2.41 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%.  The  growth in the historic period can be attributed to increased awareness of disease screening, rise in home healthcare, growing geriatric population, increased focus on preventive medicine, expansion of infectious disease testing. The capillary blood collection devices market size is expected to see rapid growth in the next few years. It will grow to $3.97 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%.  The growth in the forecast period can be attributed to increasing preference for point-of-care testing, rising incidence of chronic diseases, rising demand for remote patient monitoring, growing emphasis on preventive healthcare, rising awareness about infectious diseases. Major trends in the forecast period include point of care testing, technological advancements, microfluidics, personalized medicine, remote patient monitoring. Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/capillary-blood-collection-devices-global-market-report Scope Of Capillary Blood Collection Devices Market The Business Research Company's reports encompass a wide range of information, including: Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth. Drivers: Examination of the key factors propelling market growth. Trends: Identification of emerging trends and patterns shaping the market landscape. Key Segments: Breakdown of the market into its primary segments and their respective performance. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market. Macro Economic Factors: Assessment of broader economic elements impacting the market. Capillary Blood Collection Devices Market Overview Market Drivers - The increasing prevalence of chronic diseases is expected to propel the growth of the capillary blood collection devices market going forward. Chronic diseases are long-term health disorders that necessitate continual management and treatment. The increasing prevalence of chronic diseases can be attributed to factors such as aging populations, unhealthy lifestyles, environmental factors, and advances in medical diagnostics, leading to better disease detection. Capillary blood collection devices enable patients and healthcare providers to maintain better control over chronic diseases by facilitating regular, convenient, and less invasive blood testing. It leads to improved patient outcomes and quality of life. For instance, in July 2021, according to the International Diabetes Federation, the number of adults with diabetes was 537 million in 2021, which is projected to rise to 783 million by 2045. Therefore, the increasing prevalence of chronic diseases is driving the growth of the capillary blood collection devices market. Market Trends - Major companies operating in the capillary blood collection devices market are focusing on developing innovative products, such as neonatal and pediatric capillary blood sampling devices, to address specific needs and challenges in healthcare settings catering to infants and young children. For instance, in October 2023, Owen Mumford Ltd., a UK-based medical device company, launched Unistik Heelstik, a capillary blood sampling range for neonates and children. This collection includes four blood sample instruments, each designed for a specific developmental stage, Unistik Heelstik Toddler, Full Term, Preemie, and Micro Preemie. These devices are intended to solve the issues of capillary blood sampling in newborns and older babies to obtain acceptable sample volumes while causing the baby as little discomfort as possible. The Unistik Heelstik devices only target surface blood vessels, preventing them from penetrating deep enough to affect skin pain fibers. The capillary blood collection devices market covered in this report is segmented – 1) By Product: Lancets, Micro-Container Tubes, Micro-Hematocrit Tubes, Warming Devices, Other Product 2) By Materials: Plastic, Glass, Stainless Steel, Ceramic, Other Materials 3) By Application: Whole Blood, Serum Protein Tests, Comprehensive Metabolic Panel Tests, Liver Function Tests, Dried Blood Spot Tests 4) By End-Users: Hospitals And Clinics, Blood Donation Centers, Diagnostic Centers, Home Diagnosis, Pathology Laboratories Get an inside scoop of the capillary blood collection devices market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15530&type=smp Regional I