Serum Separation Gels Market Analysis by Application (Pharmaceutical Companies, Hospital & Clinics, Blood Bank, and Others); and by Product Type (Serum Separation Gel Without Integrated Tubes, and Serum Separation Gel with Integrated Tubes)-Global Supply & Demand Analysis & Opportunity Outlook 2022-2031
29 Jul 2022
Healthcare & Pharmaceuticals
Impact Analysis on the Growth of Market
Inflation and looming Recession to Haunt Businesses:
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Global Serum Separation Gels Market Size, Forecast, and Trend Highlights Over 2022 - 2031
The global serum separation gels market is estimated to garner a revenue of approximately USD 12.0 billion by the end of 2031 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of approximately USD 7.0 billion in the year 2021. The growth of the market can be attributed to the rise in the number of blood banks across the globe. For instance, there are 80 countries in which American Association of Blood Banks, members are presents and more than 50 countries in which AABB accredited institutions are present that are responsible for the collection and transfusion of blood samples.
Serum separation gel are used in blood collection tube to separate the blood clot from the serum for performing the blood test. There are two ways in which gel are found for the blood samples on the basis of product type such as serum separation gel without integrated tubes, and serum separation gel with integrated tubes. Moreover, people are becoming aware related to the importance of blood donations in terms of saving the lives of other people, and before donating blood, it is recommended to get a blood test for the detection of any disease, as it can infect the other person that is anticipated to drive the market size of the global serum separation gels worldwide. As per the World Health Organization, there has been an increasing trend in the donation of blood among the countries through a rise of 10.7 million blood voluntary donors from 2008 to 2018.
Global Serum Separation Gels Market: Growth Drivers and Challenges
Growth of the Biotechnology Industry- Under biotechnology living organisms and their parts are used to create different products. Therefore, blood is taken in order to develop medicines for the treatment of people, and it is expected to surge the growth of the global serum separation gel market. As per the statistics provided by the India Brand Equity Foundation, the bioeconomy of India was raised to USD 70.2 billion in 2020 from USD 62.5 billion in 2019, representing a growth rate of 12.3 percent. Moreover, the Indian biotechnology industry is expected to reach USD 150 billion by the end of 2025 up from USD 63 billion in 2019.
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Rise in the Prevalence of Chronic Diseases– Medical professionals recommend blood tests when they find any symptoms related to any disease. Hence, it is projected to drive the growth of the global serum separation gels market. As per the National Library of Medicine, approximately 45 percent of the people in the United States have one or more chronic disease.
Surge in the Current Healthcare Expenditure – Globally, current healthcare expenditure has been increased from 9.5 percent of the GDP in 2010 to 9.83 percent of the GDP in 2019. With this continuous surge, it is projected that the demand for instruments required for the blood tests of people will increase.
Increasing Incidence of Hematologic Disorders Among People– According to the statistics provided by the Leukemia Lymphoma Society, nearly one person is diagnosed with leukemia, lymphoma, or myeloma in the U.S in every 3 minutes.
High Cost of Serum Separation Gel Tubes
Rise in the Chances of False Result from the Blood Sample
Availability of Advanced Technique for the Separation of Blood Cells and Serum
The global serum separation gels market is segmented and analyzed for demand and supply by application into pharmaceutical companies, hospitals & clinics, blood banks, and others. Out of which, the blood bank is anticipated to hold the largest share over the forecast period. This can be attributed to the rise in the blood donations drive across the globe, and the increase in the blood bank worldwide that is projected to surge the demand for serum separation gels. As per the World Health Organization, 118.5 million blood donations are collected globally. Moreover, approximately 13,300 blood centers are collecting 106 million donations in 169 countries.
Global Serum Separation Gels Market Regional Synopsis
Regionally, the global serum separation gels market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031 owing to the rise in hematology disorders such as Anemia, a surge in the research and development expenditure on hematology disorders and cancer, and increase in the demand for serum separation gels. As per the Centers for Disease Control and Prevention, the number of visits to emergency departments by patients suffering from anemia as a primary diagnosis accounted for 890,000.
Our in-depth analysis of the global serum separation gels market includes the following segments:
By Product Type
Key Companies Dominating the Global Serum Separation Gels Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global serum separation gels market that are included in our report are Bio-Rad Laboratories, Inc., Becton, Dickinson & Company, Cardinal Health, Sekisui Diagnostics, Merck KGaA, BioVision Inc., Danaher Corporation, Biosigma S.p.A, Greiner Bio-One International GmbH, IntervacTechnology, and others.
Global Serum Separation Gels Market: Latest Developments
July, 2017: Cardinal Health announced the acquisition of Medtronic’s Patient Care for USD 6.1 billion that provide its customers with more product offerings.
March, 2019: Greiner Bio-One International GmbH announced the launch of Samplix product line consists of Samplix blood collection tube and matching accessories such as tube holders for meeting the requirements of selected markets in Asia and Africa.
Key Reasons to Buy Our Report
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Rise in the blood banks across the globe, growth of the biotechnology industry, and increasing incidence of hematologic disorders are the major factors driving the growth of the serum separation gels market.
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2031.
High cost of serum separation gel tubes, rise in the chances of false results from the blood sample and availability of advanced techniques for the separation of blood cells and serum are the challenges affecting the market growth.
Which region will provide more business opportunities for growth of serum separation gels market in future?
The market in North America region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
The major players in the market are Bio-Rad Laboratories, Inc., Becton, Dickinson & Company, Cardinal Health, Sekisui Diagnostics, Merck KGaA, BioVision Inc., Danaher Corporation, Biosigma S.p.A, Greiner Bio-One International GmbH, IntervacTechnology, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, product type, and by region.
The blood bank segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
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- Bio-Rad Laboratories, Inc.
- Dickinson & Company
- Cardinal Health
- Sekisui Diagnostics
- Merck KGaA
- BioVision Inc.
- Danaher Corporation
- Biosigma S.p.A
- Greiner Bio-One International GmbH