Arterial blood sampling systems market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Global Arterial Blood Sampling Systems Market: Market Outlook

The arterial blood sampling system withdraws oxygen (O2), and carbon dioxide (CO2) absorptions from arterial blood and instantly analyze oxygen, carbon dioxide levels and acidity (pH). It is also used to find out how well the lungs can move oxygen into the blood and remove carbon dioxide from the blood. Arterial blood sampling may also be performed to observe the patient's response to the treatment. Healthcare professionals found it more useful for finding whether the patient needs additional oxygen or other help for breathing. Arterial blood sampling devices are used to diagnose various health conditions that may affect the lungs, heart, and kidneys, such as lungs diseases like asthma, cystic fibrosis and chronic obstructive pulmonary disease (COPD), Kidney failure, diabetes problems such as hyperglycemic hyperosmolar state (HHS) and diabetic ketoacidosis (DKA), Heart failure, Severe infections or septicemia, Poisoning, Drug overdose, Shock and Hemorrhage. Arterial blood collection ought to be performed only by healthcare professionals after having proper knowledge and training. Arterial blood sampling systems are needed to be sterilized to avoid infection to the physicians and patients during blood sampling. Arterial blood collection devices are generally used for arterial blood sampling.

What are the key factors impacting the growth of the Arterial Blood Sampling Systems Market?

Growing the preference for arterial blood sampling systems to prevent needle-stick injuries in the health care setting and shift towards preventive healthcare has produced considerable demand for arterial blood sampling systems. Technological advancements in arterial blood sampling systems is a key factor expected to boost the blood sampling systems market growth. The speedy growing demand for safe arterial blood sampling to reduce blood wastage is increasing the demand and growth of the arterial blood sampling systems market. Also, the growing geriatric population suffering from chronic disease and the increase in demand for diagnosis of chronic disease are contributing to the growth of the market. The continuously increasing cases of accidents and trauma as well as the huge demand for blood donations and blood components for diagnostic testing are driving the growth of the arterial blood sampling systems market.   

How the growing popularity of preoperative blood transfusion in patients is expected to impact the Arterial Blood Sampling Systems Market?

Availability of blood before any medical procedure is of key significance to the medical staff. In case of considerable blood loss, a blood transfusion is essential. Thus, the requisition for secure and suitable blood sampling systems is accumulating with a surge in the number of medical techniques as a pre-operational measure. Furthermore, to avoid the postponement of planned cases, blood samples are collected before the date of the surgical procedure using arterial blood sampling systems. Currently, giving blood elements to the preoperative patient has become a necessity. Therefore, accumulating blood specimens with the help of sterilized blood sampling systems is essential, which adds to the development of this market.

What are the key challenges that may restrain the growth of the Arterial Blood Sampling Systems Market?

Growing inclination towards robotic surgery is the primary factor that may restrict the growth of the arterial blood sampling systems market. Also, difficulties associated with arterial blood sampling systems, the threat of transfusion-communicable contamination and emergent preference towards robotic surgical treatment hamper the growth of the arterial blood sampling systems market. Arterial blood is one of those patient specimens most sensitive to pre-analytical errors. Inappropriate sample system selection, patient assessment, collection or transport of an arterial whole blood sample intended for oxygen, carbon dioxide and pH analysis, can condense inaccurate patient results and potentially lead to misdiagnosis or inappropriate treatment. Thus skilled professionals are needed for the handling of arterial blood sampling systems, moreover, the lack of skilled professionals for arterial blood sampling is expected to hinder the growth of the market.

Key Segments of Arterial Blood Sampling Systems Market Covered in the Report

• Based on product type, the Arterial Blood Sampling Systems Market has been segmented as

  • Vacuum blood collection system
  • Blood collection tubes
  • Microfluidic system
  • Blood Collection Tubes
  • Lancet
  • Needles
  • Others

• Based on indication, the Arterial Blood Sampling Systems Market has been segmented as

  • Diseases of the lungs
    • asthma,
    • chronic obstructive pulmonary disease (COPD),
    • cystic fibrosis
  • Kidney failure
  • Diabetes complications
    • diabetic ketoacidosis (DKA)
    • hyperglycemic hyperosmolar state (HHS)
  • Severe infections or septicemia
  • Drug overdose
  • Poisoning
  • Heart failure
  • Haemorrhage
  • Shock

• Based on end-user, the Arterial Blood Sampling Systems Market has been segmented as

  • Hospitals and clinics
  • Blood banks
  • Others

• Based on the region, the Arterial Blood Sampling Systems Market has been segmented as

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Competitive Landscape

Key players operating in the Arterial blood sampling systems market include

• Thermo Fisher Scientific, Inc.
• Bio-Rad Laboratories, Inc.
• Qiagen
• Nipro Medical Corporation
• F. Hoffmann-La Roche Ltd.
• Medtronic Plc.
• Terumo Medical Corporation
• Becton Dickinson
• Narang Medical Ltd.
• Radiometer India
• Greiner Bio-One
• SEKISUI Medical
• Sarstedt, Improve-medical
• F.L. Medical
• Hongyu Medical
• SANLI Medical & Health Service
• Gong Dong
• CDRICH
• SZBOON among others.

What strategies are the key players adopting to increase their market share in the Arterial Blood Sampling Systems Market?

Key players in the Arterial blood sampling systems market are introducing new products into the market to enhance their overall portfolio which will eventually help in increasing their overall market share.  Leading players are designing innovative products to help minimize pre-analytical error, keep users safe, and maximize workflow efficiencies.

For instance, In 2020 - Roche launched a new digital diagnostic solution named Roche v-TAC, and also received the CE mark availability for it, which allows healthcare professionals to get outcomes for arterial blood gas sampling values from patients suffering from respiratory or metabolic defects with the use of a digital algorithm.

The key players in the arterial blood sampling systems market are also investing in its product developments to reach out to a maximum number of consumers through its regional presence.

For instance, In 2021 Varian Medical Systems has made a new investment in an Israel established company, Bend It Technologies that help doctors provide precise and rapid blood sampling by inserting catheters through blood vessels that are not easy to pass.

Why is North America a Big Market for Arterial Blood Sampling Systems Market?

North America accounted for the largest market share owing to an increase in demand for diagnostic procedures, awareness regarding the use of sterile devices for arterial blood sampling, and technological advancement in the field of clinical diagnostics. Furthermore, the increasing number of surgical procedures and the rising prevalence of lifestyle disease are also contributing to the growth of this market. According to Blood Centers in America, one out of seven people entering the hospital needs blood. It also specified that around 15 million-plus pints of blood are transfused annually in the U.S, and in the U.S and Canada more the 40,000 pints of blood are transferred daily. Rapid population growth and the need for blood sampling systems are important drivers of this market in North America. The presence of key players in the arterial blood sampling systems market such as Bio-Rad Laboratories, Inc., Terumo Medical Corporation, Becton, Dickinson, and Company and Thermo Fisher Scientific, Inc. supplements the growth of the market in North America.

Will china grasp a higher market share for East Asia in the Arterial Blood Sampling Systems Market?

An increase in the number of road accidents, sports injuries and fires, has directed to a surge in the occurrences of trauma and injuries. According to WHO, more than 700 people die in road accidents every day, and it also estimates that traffic accident claim about 260,000 deaths in China annually, of which 60% are vulnerable road users such as motorcyclists, pedestrians, and cyclists. Moreover, road accidents have become the fifth-leading cause of mortality in China. The increasing number of accidents and injuries will boost the demand for blood transfer. Accident injured person or trauma patients are having blood loss. Thus, blood transfusion is required to restore the lost blood volume. Therefore, the need for blood transfer in trauma patients together with rising occurrences of injuries will fuel the growth of the arterial blood sampling systems market in China.

What is the repercussion of the pandemic on the growth of the Arterial Blood Sampling Systems Market?

The covid-19 outbreak has affected almost all the countries in the world. The impact and loss due to the pandemic is cannot be calculated. Major markets have been affected by the pandemic. The arterial blood sampling systems market is one of them. The arterial blood sampling systems market has short term negative impact due to patient shortfall for blood transfusion during the pandemic. With increased focus on the covid-19 patients and lesser hospitals visits to avoid being infected the market observed a significant fall in sales. However, with the commencement of vaccination and everything going back to normal the arterial blood sampling systems market is expected to experience considerable growth during the forecast period. Regular healthcare facilities have come to an unexpected stop because of the SARS CoV-2 pandemic. For instance, in some countries the huge pressure of COVID-19 on critical care looks to reduce, regular healthcare facilities should be hiked again. As a significance, clinical laboratory testing and blood sampling are increasing.

Regional Analysis Includes:

• North America (U.S., Canada)
• Latin America ( Brazil, Mexico, Argentina, Rest of Latin America)
• Europe (Germany, Italy, UK, Spain, France, Russia, Benelux, CIS and  Rest of Europe)
• South Asia (India, Indonesia, Malaysia, Thailand, Rest of South Asia)
• East Asia (Japan, South Korea, China)
• Oceania ( Australia, New Zealand)
• The Middle East and Africa (GCC, Turkey, South Africa, Rest Of MEA)

Report Highlights:

• Detailed overview of Arterial blood sampling systems parent market
• Changing market dynamics in the industry
• In-depth clinical Arterial blood sampling systems market segmentation
• Historical, current and projected market size in terms of  value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.