North American Market Statistics
The North American capillary and venous blood sampling devices market is projected to hold the largest market share of USD 5,040.2 Million in the year 2036. The region generated a revenue of USD 2,021.4 Million in 2022. The North American market for capillary and venous blood sampling devices is growing faster due to the rise in the prevalence of both communicable and non-communicable diseases, as well as other health-related problems such as cardiovascular disease. Also, there has been an advancement in the healthcare system, and the presence of market leaders in the region.
APAC Market Forecast
The Asia Pacific capillary and venous blood sampling devices market also grow with the highest CAGR of 7.8% by the end of 2036. The growth of the market can be attributed majorly to the demographic shifts brought on by an aging population and an uptick in government support for blood donation and sampling programs for routine healthcare checks across the region. The population of the Asia-Pacific region is growing older at a rate higher than any other part of the world. This means that 60 percent of the world's aging population now comprises individuals aged 60 or older, with 630 million people reaching this milestone. The market growth for capillary and venous blood sampling devices is supported by the region's rapidly aging population. In addition, the region's expanding healthcare spending and rising approvals of new capillary and venous blood sampling devices are also anticipated to boost the market growth during the forecast period.
European Market Analysis
The capillary and venous blood sampling devices market in the European region is predicted to have significant growth between 2023 and 2036, growing by a CAGR of 6.7 percent. The European market was valued at USD 1,477.1 Million in the year 2022. The surging trend of developing capillary and venous blood sampling devices by manufacturers in the region that are easy to use, so that they can be used by the patients at home.
Author Credits: Radhika Pawar
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