Blood Collection Tubes for Liquid Biopsy Market to Gain Traction, with Increasing Medical Reimbursements and Health Care Initiatives
With people getting better medical coverage, the population seeking medical treatment has increased. This has further been boosted by an increase in initiatives by government and non-government organizations. Favorable medical reimbursement policies and advanced healthcare facilities have played a vital role in boosting the promulgation of advanced surgeries and treatments. Such policies have been promulgated by key market players such as Roche, Streck, Preanalytix (QIAGEN/BD), Norgen Biotek, and Biocept, .These factors are likely to boost the collection of blood samples and augment the adoption of blood collection tubes for liquid biopsy for various applications such as in vitro diagnostics and research by different end-users. On this backdrop, the blood collection tubes for liquid biopsy market is set to grow at a healthy CAGR of 6% during the forecast period (2019-2029)
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Additionally, a number of manufacturers and suppliers are participating in research based summits and workshops to initiate awareness among individual researchers, and research agencies. Apart from this, subsidies offered by the government and advancements in the blood collection technologies are expected to favor the growth of blood collection tubes for liquid biopsy market in the long-term. Moreover, increased healthcare expenditure is likely to boost research activities and is expected to contribute to the growth of the blood collection tubes for liquid biopsy market.
Rising Need for Safe and Non-invasive Screening Methods will Boost Demand for Blood Collection Tubes for Liquid Biopsy Market
Liquid biopsy holds a lot of potential owing to the presence of less invasive, easier, and more cost-effective methods for monitoring and diagnosing cancer. Over the last few decades, increased awareness about cancer screening methodologies has led to high demand for the blood collection tubes for liquid biopsy market. However, the ultimate goal of reducing the rate of late-stage disease and mortality has not been achieved due to ineffective methods of screening, which often provides false-positive and false-negative results.
This can create confusion among healthcare professionals and may lead to the adoption of false treatment methods. This factor is likely to hamper the growth of blood collection tubes for liquid biopsy market. Moreover, innovative companion diagnostics tests to cater to the requirements of therapeutic drug management will lead to faster adoption among physicians and patient population. The increasing demand for cancer screening is anticipated to fuel the growth of blood collection tubes for liquid biopsy market in the forecast years.
Enhanced Precision and Accuracy of Blood Collection Tubes will Boost Market Growth
Blood Collection Tubes for Liquid Biopsy offer enhanced precision in blood-to-additive ratios of test results by reducing errors in the collection. Previously laboratory technical staff had to prepare reagents and solutions for the additives used in the blood collection tubes and manually add them into test tubes for blood collection. Development of blood collection tubes for liquid biopsy has brought about a revolutionary advancement in technology in diagnostic healthcare & healthcare research sectors and are considered to be the standard resources for collecting liquid biopsy specimens. Blood collection tubes for liquid biopsies provide greater accuracy in blood-to-additive ratios considering premixed additive integration while manufacturing.
Market to Grow Steadily on Back of Surgeries Requiring Blood Transfusion and Biopsy
The global blood collection for liquid biopsy market has experienced a spur in growth opportunities offered by the increasing number of biopsy procedures performed worldwide. According to the American Academy of Dermatology, biopsy procedures have increased by ~142% in 2017. Between 2000 and 2015, the number of biopsy procedures increased from 56% to 99%, globally. Furthermore, most of the surgeries require organ-specific tissue tests and blood transfusion, which is poised to increase the demand for target products such as blood collection tubes for liquid biopsy, blood bags, biopsy needles & syringes. Increasing demand among the end-users such as diagnostic centers and hospitals is anticipated to drive growth of the blood collection tubes for liquid biopsy market.
East Asia to be Prominent Market and Will Hold Significant Market Share
The blood collection tubes for liquid biopsy market in East Asia, followed by South Asia, are the most prominent markets due to the rising prevalence rate of cancer in these regions. Also, presence of local players in the region offering economical blood collection tubes for liquid biopsy will largely impact the market growth in these regions. China has a large number of local players operating in the blood collection tubes for liquid biopsy market that offer very economical blood collection tubes for liquid biopsy. The increasing burden of cancer will further drive the blood collection tubes for liquid biopsy market growth. In diagnostic centers and hospitals, the usage of blood collection tubes for liquid biopsy is increasing and is expected to show an increasing trend in the forecast years.
Players Offering Conventional Blood Collection Tubes for Liquid Biopsy Are Likely to Capture Higher Market Share
The key players operating in the blood collection tubes for liquid biopsy market include Roche, Streck, Preanalytix (QIAGEN/BD), Norgen Biotek, Biocept, and Others. Other players include companies offering conventional blood collection tubes for liquid biopsy. In the blood collection tubes for liquid biopsy market, manufacturers such as Roche, Streck, Preanalytix (QIAGEN/BD), Norgen Biotek, Biocept account for a significant revenue share of ~16.0%. However, ~84% of the revenue is largely accounted for by conventional blood collection tubes for liquid biopsy offered by local players.
Moreover, these companies in the blood collection tubes for liquid biopsy market have a significant customer reach through direct sales and various distribution channels, offering advanced DNA blood collection tubes for liquid biopsy products. The changing promotional strategies by the key manufacturers in order to enhance consumer touchpoints is expected to generate significant demand for blood collection tubes for liquid biopsy thereby driving the growth of the market.
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Blood Collection Tubes for Liquid Biopsy Market - Scope of the Report
Fact.MR recently published a market study on the global blood collection tubes for liquid biopsy market. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the blood collection tubes for liquid biopsy market structure. It also presents exclusive information about how the blood collection tubes for liquid biopsy market will grow during the forecast period of 2019-2029.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact.MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the blood collection tubes for liquid biopsy market during the forecast period.
The study is relevant for stakeholders in the blood collection tubes for liquid biopsy market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the blood collection tubes for liquid biopsy market, investors, industry experts, researchers, journalists, and business researchers can leverage the information and data presented in Fact.MR’s study.
The study also includes statistics as well as facts related to the macro as well as microeconomic factors that are impacting developments in the market. It also offers actionable insights based on the future trends in the blood collection tubes for liquid biopsy market. Furthermore, small businesses and new entrants in the blood collection tubes for liquid biopsy market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain instrumental growth in the market.
Key Segments of the Blood Collection Tubes for Liquid Biopsy Market
Fact.MR’s study on the blood collection tubes for liquid biopsy market offers information divided into four important segments-product, application, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
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IVD |
Healthcare Centers |
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Glass |
Research Use |
R&D Centers |
Latin America |
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Diagnostic Centers |
Europe |
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East Asia |
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Middle East and Africa (MEA) |
Key Questions Answered in Fact.MR’s Blood Collection Tubes for Liquid Biopsy Market Report
- Which regions will continue to remain the most profitable for blood collection tubes for liquid biopsy market players?
- Which factors will induce a change in the demand for blood collection tubes for liquid biopsy during the assessment period?
- How will the changing trends impact the blood collection tubes for liquid biopsy market?
- How will the market players capture the untapped market opportunities in the blood collection tubes for liquid biopsy market?
- How local players’ products will impact the adoption of blood collection tubes for liquid biopsy?
- Which companies are leading in the blood collection tubes for liquid biopsy market?
- What are the winning strategies of stakeholders in the blood collection tubes for liquid biopsy market to upscale their position in this landscape?
Blood Collection Tubes for Liquid Biopsy Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the blood collection tubes for liquid biopsy market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the production of the blood collection tubes for liquid biopsy market study include statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, territory managers, administrative managers, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary resources and secondary resources acts as a validation from companies in the blood collection tubes for liquid biopsy market, and makes Fact.MR’s projection on the growth prospects of the blood collection tubes for liquid biopsy market more accurate and reliable.
1. Executive Summary
1.1. Global Market Outlook
1.2. Trends
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Inclusions
4.1. Porter’s Five Forces Analysis: Blood Collection Tubes for Liquid Biopsy Market
4.2. Epidemiology of Various Cancer Types, By Region
4.3. Product Adoption
5. Global Blood Collection Tubes for Liquid Biopsy Market (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Market Background
6.1. Macro-Economic Factors
6.1.1. Global GDP Growth Outlook
6.1.2. Increasing R & D Expenditure
6.2. Forecast Factors - Relevance & Impact
6.2.1. New/Improved Product Launches
6.2.2. Advancement in Biopsy solutions
6.2.3. Adoption of Blood Collection Tubes for Liquid Biopsy
6.2.4. Increasing prevalence of cancer
6.2.5. Product Penetration Rate across End Users
6.3. Market Dynamics
6.3.1. Drivers
6.3.2. Restraints
6.3.3. Opportunity Analysis
7. Global Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029, By Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2014 - 2018
7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2019 - 2029
7.3.1. Plastic
7.3.2. Glass
7.4. Market Attractiveness Analysis By Product Type
8. Global Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029, By Applications
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Applications, 2014 - 2018
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Applications, 2019 - 2029
8.3.1. IVD
8.3.2. Research Use
8.4. Market Attractiveness Analysis By Applications
9. Global Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029, By End User
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By End User, 2014 - 2018
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End user, 2019 - 2029
9.3.1. Healthcare Centers
9.3.2. R&D Centers
9.3.3. Diagnostic Centers
9.4. Market Attractiveness Analysis By End user
10. Global Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029, by Region
10.1. Introduction
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2014 - 2018
10.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2019 - 2029
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region
11. North America Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029
11.1. Introduction
11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
11.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
11.3.1. By Country
11.3.1.1. U.S.
11.3.1.2. Canada
11.3.2. By Product Type
11.3.3. By Applications
11.3.4. By End User
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product Type
11.4.3. By Applications
11.4.4. By End User
11.5. Drivers and Restraints - Impact Analysis
12. Latin America Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029
12.1. Introduction
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Mexico
12.3.1.3. Rest of Latin America
12.3.2. By Product Type
12.3.3. By Applications
12.3.4. By End User
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Product Type
12.4.3. By Applications
12.4.4. By End User
12.5. Drivers and Restraints - Impact Analysis
13. Europe Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029
13.1. Introduction
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
13.3.1. By Country
13.3.1.1. Germany
13.3.1.2. France
13.3.1.3. UK
13.3.1.4. Italy
13.3.1.5. Russia
13.3.1.6. Rest of Europe
13.3.2. By Product Type
13.3.3. By Applications
13.3.4. By End User
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Applications
13.4.4. By End User
13.5. Drivers and Restraints - Impact Analysis
14. South Asia Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029
14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
14.3.1. By Country
14.3.1.1. India
14.3.1.2. Indonesia
14.3.1.3. Thailand
14.3.1.4. Malaysia
14.3.1.5. Philippines
14.3.1.6. Vietnam
14.3.1.7. Rest of South Asia
14.3.2. By Product Type
14.3.3. By Applications
14.3.4. By End User
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Applications
14.4.4. By End User
14.5. Drivers and Restraints - Impact Analysis
15. East Asia Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029
15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
15.3.1. By Country
15.3.1.1. China
15.3.1.2. Japan
15.3.1.3. South Korea
15.3.2. By Product Type
15.3.3. By Applications
15.3.4. By End User
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Applications
15.4.4. By End User
15.5. Drivers and Restraints - Impact Analysis
16. Oceania Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029
16.1. Introduction
16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
16.3.1. By Country
16.3.1.1. Australia
16.3.1.2. New Zealand
16.3.2. By Product Type
16.3.3. By Applications
16.3.4. By End User
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Applications
16.4.4. By End User
16.5. Drivers and Restraints - Impact Analysis
17. Middle East and Africa Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029
17.1. Introduction
17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
17.3.1. By Country
17.3.1.1. Turkey
17.3.1.2. GCC Countries
17.3.1.3. Egypt
17.3.1.4. South Africa
17.3.1.5. Rest of Middle East and Africa
17.3.2. By Product Type
17.3.3. By Applications
17.3.4. By End User
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By Applications
17.4.4. By End User
17.5. Drivers and Restraints - Impact Analysis
18. Emerging Countries Blood Collection Tubes for Liquid Biopsy Market Analysis 2014-2018 and Forecast 2019-2029
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. China Blood Collection Tubes for Liquid Biopsy Market Analysis
18.2.1. Introduction
18.2.2. Market Value Proportion Analysis by Market Taxonomy
18.2.3. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.2.3.1. By Product Type
18.2.3.2. By Applications
18.2.3.3. By End User
18.2.4. China Blood Collection Tubes for Liquid Biopsy Market - Competition Landscape
18.3. India Blood Collection Tubes for Liquid Biopsy Market Analysis
18.3.1. Introduction
18.3.2. Market Value Proportion Analysis by Market Taxonomy
18.3.3. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.3.3.1. By Product Type
18.3.3.2. By Applications
18.3.3.3. By End User
18.3.4. India Blood Collection Tubes for Liquid Biopsy Market - Competition Landscape
18.4. Brazil Blood Collection Tubes for Liquid Biopsy Market Analysis
18.4.1. Introduction
18.4.2. Market Value Proportion Analysis by Market Taxonomy
18.4.3. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.4.3.1. By Product Type
18.4.3.2. By Applications
18.4.3.3. By End User
18.4.4. Brazil Blood Collection Tubes for Liquid Biopsy Market - Competition Landscape
19. Market Structure Analysis
19.1. Market Share Analysis of Top Players
19.2. Market Presence Analysis
19.2.1. By Regional footprint of Players
19.2.2. Product & Channel foot print by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Roche
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Profitability by Market Segments (Product/Channel/Region)
20.3.1.4. Sales Footprint
20.3.1.5. Strategy Overview
20.3.1.5.1. Marketing Strategy
20.3.1.5.2. Product Strategy
20.3.1.5.3. Channel Strategy
20.3.2. Streck
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Profitability by Market Segments (Product/Channel/Region)
20.3.2.4. Sales Footprint
20.3.2.5. Strategy Overview
20.3.2.5.1. Marketing Strategy
20.3.2.5.2. Product Strategy
20.3.2.5.3. Channel Strategy
20.3.3. Preanalytix
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Profitability by Market Segments (Product/Channel/Region)
20.3.3.4. Sales Footprint
20.3.3.5. Strategy Overview
20.3.3.5.1. Marketing Strategy
20.3.3.5.2. Product Strategy
20.3.3.5.3. Channel Strategy
20.3.4. Norgen Biotek
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Profitability by Market Segments (Product/Channel/Region)
20.3.4.4. Sales Footprint
20.3.4.5. Strategy Overview
20.3.4.5.1. Marketing Strategy
20.3.4.5.2. Product Strategy
20.3.4.5.3. Channel Strategy
20.3.5. Biocept
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Profitability by Market Segments (Product/Channel/Region)
20.3.5.4. Sales Footprint
20.3.5.5. Strategy Overview
20.3.5.5.1. Marketing Strategy
20.3.5.5.2. Product Strategy
20.3.5.5.3. Channel Strategy
21. Assumptions and Acronyms Used
22. Research Methodology
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Blood Collection Tubes for Liquid Biopsy Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029