Glucose Analysis Tubes Market

Market Snapshot

The global glucose analysis tubes market experienced noteworthy growth of 5.7% in 2021. As per Persistence Market Research’s analysis, sodium fluoride holds a substantial share of over 41% in the overall market. Overall, the glucose analysis tubes market is currently valued at around US$ 409 Mn.

Sales Analysis of Glucose Analysis Tubes from 2016 to 2020 Vs Market Outlook for 2021 to 2031

The global market for glucose analysis tubes expanded at 4.2% CAGR over the past 5 years.

Global prevalence of diabetes is increasing across the world, which is leading to increase demand for glucose analysis tubes. This rise in diabetes is seen due to drastic changes in the lifestyle of people such as disturbed sleep cycles and unhealthy food eating habits.

Also, awareness regarding regular blood glucose monitoring is rising. People have started giving importance to their physical health. Manufacturers are also focusing on developing and producing innovative devices that help in the management and monitoring of glucose levels in the blood.

According to the PubMed 2018 publication, there were 451 million (age 18-99 years) people with diabetes in 2017 worldwide, which it is expected to increase to 693 million by 2045.

Sodium fluoride and fluoride oxalate have major market shares (41.7% and 36.1%, respectively) of the revenue generated in 2020. This is because glucose is unstable in whole blood. Therefore, tubes containing fluoride are used to reduce glycolysis, especially when very accurate glucose results are required.

The market is expected to expand at a considerable growth rate over the next ten years at a CAGR of around 5.7%.

What Key Opportunities Lie Ahead for Manufacturers of Glucose Analysis Tubes?

Improving healthcare infrastructure will offer a lucrative growth opportunity for the sales of glucose analysis tubes across the world. It helped manufacturers to grow and set up various medical devices production systems across various institutes such as hospitals, ambulatory surgical centres, primary healthcare units, and sleep care institutes.

East Asia offers significant opportunities for market players to expand their business due to rising population of both, older adults and diabetic patients.

• According to WHO, prevalence of diabetes increased from 9.7% in 2007 to 11.2% in 2017 in China.

Growing number of diabetic cases is increasing routine check-ups and regular monitoring for blood glucose level, thereby increasing demand for glucoses analysis tube at diagnostic centres.

What’s Stunting Demand for Glucose Analysis Tubes?

Blood collection done using a glucose analysis tube requires trained professionals. Lack of trained professionals can lead to various problems in the procedure, such as incorrect identification, wrong tube, and insufficient sample quantity. 

Additionally, the invasive nature of the procedure is an issue. Nowadays, people are more attracted toward minimally or non-invasive products for glucose analysis such as testing strips. These strips are minimally invasive and less painful. Thus, the presence of these alternatives has the potential to restraint the market for glucose analysis tubes over the coming years.

Country-wise Insights                               

What Makes the U.S. the Largest Market in North America for Glucose Analysis Tubes?

The U.S. leads the North America region with a total market share of over 87% in 2021, and is expected to continue experiencing high growth during the forecast period. Growth of this market is driven by alteration or changes in lifestyle and unhealthy eating habits, and presence of key players in the U.S.

Why is Russia a Lucrative Market for Glucose Analysis Tubes in Europe?

Russia dominates the European market with a share of 20.7%. A large proportion of the Russian population suffers from diabetes. For instance, according to Elsevier publication, every year, approximately 9.2% of adults have diabetes in Russia.

Moreover, presence of manufacturing facilities of glucose analysis tubes leads to better availability of products in this country. For instance, in April 2020, SARSTEDT AG & Co. KG announced that it acquired 80% shares in Timedico, which helped in improving SARSTEDT’s diversified pre-analytical solution portfolio.

What is the Outlook in China for Glucose Analysis Tubes Suppliers?

In 2020, China dominated the East Asia market with 84.6% share, and is projected to expand at a CAGR of 9% from 2021 to 2031. Diabetes is most commonly found in older adults, and China is one of the fastest-growing ageing populations in the world.

According to WHO, in 2019, there were 254 million older adults aged 60 and above in the country and 176 million older adults aged 65 and above.

Thus, glucose analysis tube manufacturers have a great opportunity to grow in the country over the forecast period.

Category-wise Insights

Which Product is Driving Demand for Glucose Analysis Tubes?

By product, sodium fluoride will lead the market with a share of 41.7% over the forecast period. This is due to advantages such as it can prevent red cell glycolysis and be used in determining accurate blood glucose level.

The segment is expected to expand at a CAGR of 6.8% during the forecast period.

Which Material is Mostly Used in Glucose Analysis Tubes?

By material, PET/plastic is set to lead the market with a share of 84.5% over the forecast period. This is due to various advantages such as it being lightweight and less expensive than glass tubes.

Moreover, the durability of plastic is more as compared to glass. Thus, the segment is expected to rise at a CAGR of 6% through 2031.

Why Do Diagnostic Laboratories Hold a High Market Share?

Diagnostic laboratories dominated the market, by end user, with 46.6% revenue share in 2021. This trend is expected to continue during the study period. High share of this segment is attributed to rising awareness among the population toward regular health monitoring.

Impact of COVID-19

COVID-19 is anticipated to have a positive impact on the market for glucose analysis tubes. It is due to rising demand for diagnosis and testing during the pandemic phase. The diagnostic industry is the one with the highest demand during the coronavirus outbreak.

With increase of the coronavirus crisis, healthcare providers shifted their practice and purchasing priorities to meet the demands of a pandemic. Also, it was seen that many people experienced elevated blood glucose levels post COVID-19 infection. Regular monitoring in such cases, thus, increased demand for these tubes at diagnostic centers.

Competitive Landscape

Key players are focusing on expansion in emerging regions and new revised product manufacturing. Strategies of expansion, new product launches and approvals, agreements, partnerships, collaborations, and developed distribution channels such as online sales by key manufacturers are further strengthening market growth.

Similarly, recent developments related to companies manufacturing glucose analysis tubes have been tracked by the team at Persistence Market Research, which are available in the full report.

Glucose Analysis Tubes Industry Report Scope

Key Segments Covered in Glucose Analysis Tubes Industry Research

By Product

• Sodium Fluoride
• Potassium Fluoride
• Fluoride Oxalate

By Material

• PET/Plastic
• Glass

By End User

• Diagnostic Laboratories
• Hospitals & Clinics
• Research & Academic Institutes
• Vet Hospitals & Clinics