Capillary and Venous Blood Sampling Devices Market size was valued at USD 5.39 Billion in 2023 and is set to cross USD 13.31 Billion by 2036, expanding at more than 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of capillary and venous blood sampling devices is evaluated at USD 5.75 Billion. The demand for capillary and venous blood sampling devices is growing faster due to the increasing prevalence of diabetes cases globally. According to IDF, in 2021, approximately 537 million adults (20-79 years) are living with diabetes. The total number of people living with diabetes is expected to rise to 643 million by 2030 and 783 million by 2045 worldwide.
In addition, there is a rapid increase in healthcare expenditure providing a driving factor to the capillary and venous blood sampling devices market. According to the data stated by the Centers for Disease Control (CDC), hospital care spending was USD 3,795 billion in the United States in 2019.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?