Disposable Arterial Blood Sampling Kits Market Size is predicted to exhibit a 7.56% CAGR during the forecast period for 2024-2031.
The rapid surge in demand for safe blood collection devices stands as a significant factor driving the growth and demand for arterial blood collection in the market. Moreover, the escalating population of aging individuals afflicted with chronic diseases, along with the heightened need for diagnosing such conditions, further fuels the expansion of the global market in the forecasted period. Adherence to regulatory standards and guidelines not only enhances the quality and reliability of products but also fosters trust among healthcare providers, thereby propelling market growth. Point-of-care testing (POCT) facilitates swift diagnostic procedures at or near the patient's location, delivering immediate results crucial for informed clinical decision-making.
Moreover, disposable arterial blood sampling kits play a pivotal role in POCT by enabling rapid and convenient blood sample collection, thereby witnessing increased adoption across various healthcare settings. Additionally, the growing preference for robotic surgery, combined with limited awareness and high costs associated with automated blood collection devices may hinder the expansion of the arterial blood collection market. Similarly, challenges related to storage, transportation, and a shortage of skilled professionals could also impede its growth potential.
The disposable arterial blood sampling kits market is segmented as product type and end-user. Based on the product, the disposable arterial blood sampling market is segmented as 1 ml (syringe volume) and 3 mL (syringe volume). By end-user, the disposable arterial blood sampling market is segmented into hospitals, clinics, and others.
The 3 mL syringe volume segment emerges as the leading force in the worldwide market for disposable arterial blood sampling kits, propelled by a multitude of factors. This particular size strikes an ideal balance between precision and practicality, offering an optimal sample volume for accurate diagnostics. Its dominance stems from several key factors, including its alignment with healthcare standards, compatibility with sampling devices, and cost-effectiveness. Renowned for its versatility, the 3 mL size caters to a wide array of diagnostic applications and is favored for its ease of handling and storage. Furthermore, physician preferences, training protocols, and market demand contribute to bolstering its position as the preferred choice. Success within this segment is further influenced by adherence to industry standards, supplier practices, and alignment with evolving market requirements.
The hospital category is projected to grow at a rapid rate in the global disposable arterial blood sampling kits market. Hospitals are at the forefront of the global market for disposable arteria blood sampling kits due to several factors. Their large patient volumes and diverse range of medical specialties necessitate a constant need for these kits. Especially crucial in emergency and critical care scenarios, these offer rapid and infection-controlled solutions. Hospitals' stringent infection control protocols are well-suited to the single-use design of disposable kits, ensuring patient safety. Moreover, centralized diagnostic laboratories within hospitals find the convenience and sterility of disposable kits highly beneficial. Factors such as the need for regular monitoring, integration of technology, compliance with regulations, and the potential for cost savings through bulk purchases all contribute to hospitals' predominant role in adopting disposable arterial blood sampling kits.
The North American Disposable Arterial Blood Sampling Kits market is expected to mark the highest market revenue share in the near future. The North American market is subject to stringent regulatory requirements by agencies such as the FDA (Food and Drug Administration) in the United States and Health Canada. Reimbursement policies and coverage for medical devices vary across states and provinces within North America, impacting the adoption and utilization of disposable arterial blood sampling kits. Manufacturers need to navigate these reimbursement complexities to ensure market access and PR duct uptake.
In addition, the Asia Pacific regional market is projected to develop at a speedy rate in the global Disposable Arterial Blood Sampling Kits market. The APAC region is experiencing tremendous growth in healthcare infrastructure and expenditure, driven by rising populations, increasing chronic diseases, and improving access to healthcare services. This growth fuels demand for disposable arterial blood sampling kits as they are essential for various diagnostic and monitoring procedures.
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 7.56 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type And End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Siemens Healthcare Private Limited, Becton Dickinson and Company, and Lepus Medical Technology. Cardinal Health SPM Medicare Pvt. Ltd, Lev ram Lifesciences Pvt. Ltd., ICU Medical, Radiometer Company, Thermos Fisher Scientific Inc. and Vyaire Medical Inc. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Disposable Arterial Blood Sampling Kits Market Snapshot
Chapter 4. Global Disposable Arterial Blood Sampling Kits Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:
5.2.1. 1 mL (Syringe Volume)
5.2.2. 3 mL (Syringe Volume)
Chapter 6. Market Segmentation 2: by End-User Estimates & Trend Analysis
6.1. by End-User & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-User:
6.2.1. Hospitals
6.2.2. Clinics
6.2.3. Others
Chapter 7. Disposable Arterial Blood Sampling Kits Market Segmentation 6: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.1.2. North America Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
7.1.3. North America Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.2.2. Europe Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
7.2.3. Europe Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.3.2. Asia Pacific Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
7.3.3. Asia Pacific Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.4. Latin America
7.4.1. Latin America Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.4.2. Latin America Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
7.4.3. Latin America Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.5.2. Middle East & Africa Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
7.5.3. Middle East & Africa Disposable Arterial Blood Sampling Kits Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Siemens Healthcare Private Limited
8.2.2. Becton, Dickinson and Company
8.2.3. Lepu Medical Technology (Beijing)Co. Ltd.
8.2.4. Cardinal Health
8.2.5. SPM Medicare Pvt. Ltd
8.2.6. Levram Lifesciences Pvt. Ltd.
8.2.7. ICU Medical
8.2.8. Radiometer Company
8.2.9. Thermo Fisher Scientific Inc.
8.2.10. Vyaire Medical Inc.
Disposable Arterial Blood Sampling Kits Market By Product Type
Disposable Arterial Blood Sampling Kits Market By End User
Disposable Arterial Blood Sampling Kits Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
