Blood Collection Tubes for Liquid Biopsy Market

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)

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.

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.

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 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.