Global Erythrocyte Sedimentation Rate (ESR) Tubes Market Size To Worth USD 202.88 Million By 2033 | CAGR of 5.53%
Category: HealthcareGlobal Erythrocyte Sedimentation Rate (ESR) Tubes Market Size To Worth USD 202.88 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Erythrocyte Sedimentation Rate (ESR) Tubes Market Size is Expected to Grow from USD 118.47 Million in 2023 to USD 202.88 Million by 2033, at a CAGR of 5.53% during the forecast period 2023-2033.
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Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the "Global Erythrocyte Sedimentation Rate (ESR) Tubes Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Glass and Plastic), By End-User (Specialty Centers, Hospitals, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/erythrocyte-sedimentation-rate-esr-tubes-market
The erythrocyte sedimentation rate (ESR) tube market involves the production and distribution of ESR tubes used in erythrocyte sedimentation rate tests. These tests measure the rate at which red blood cells sink to the bottom of a test tube over an hour, indicating high levels of inflammation. They are commonly used to monitor inflammatory activity caused by conditions like autoimmune diseases, infections, or tumors. The ESR test has long been used as a "sickness indicator" due to its reproducibility and low cost. The increasing prevalence of inflammatory diseases and chronic conditions associated with inflammation has increased the demand for ESR blood tests, leading to market expansion. For example, rheumatoid arthritis, a chronic condition characterized by inflammation, is a prime example of the growing demand for ESR tests. Technological developments, such as automated ESR analyzers, have further improved the accuracy and reliability of these tests. Researchers and manufacturers are focusing on ESR tubes using polymer-based substitutes and biodegradable materials, driving the market growth. However, the presence of the alternative tubes and tests for haematological testing impede market growth.
The glass segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the material type, the global erythrocyte sedimentation rate (ESR) tubes market is categorized as glass and plastic. Among these, the glass segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period. This is attributed to ideal characteristics for long-term sample storage, accurate blood test results, reliability, durability, resistance to chemicals, compatibility, precise measurement, and moisture retention.
The hospitals segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the end-user, the global erythrocyte sedimentation rate (ESR) tubes market is categorized as specialty centers, hospitals, and others. Among these, the hospitals segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. ESR tests are crucial for diagnosing and monitoring diseases like cancer, autoimmune disorders, and infections, requiring regular availability and integration into hospital workflows due to advanced diagnostic technology.
North America is expected to hold the greatest share of the global erythrocyte sedimentation rate (ESR) tubes market over the forecast period.
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North America is expected to hold the greatest share of the global erythrocyte sedimentation rate (ESR) tubes market over the forecast period. This is attributed to significant healthcare spending, a high prevalence of chronic diseases, highly advanced healthcare infrastructure, the extensive use of cutting-edge technology, and large producers of diagnostic equipment. The need for ESR tubes is also driven by government programs and expensive medical costs.
Asia Pacific is predicted to hold the fastest-growing region of the global erythrocyte sedimentation rate (ESR) tubes market throughout the estimated period. The expansion of healthcare infrastructure, the rise in the prevalence of chronic diseases, and rising healthcare costs in nations like China, India, and Japan are the main factors propelling the market for ESR tubes. This rise is anticipated to be further supported by government initiatives for early disease diagnosis as well as the growing network of clinical laboratories and diagnostic centers.
Major key players in the global erythrocyte sedimentation rate (ESR) tubes market are Thermo Fisher Scientific, Inc., Hema Technologies, Vital Diagnostics, SFRI Medical Diagnostics, LabCorp, APExBIO, Medline Industries, Inc., Cardinal Health, Inc., Drucker Diagnostics, Becton, Dickinson and Company, Streck, Inc., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In June 2024, Horiba launched the new model of Erythrocyte Sedimentation Rate (ESR). The new Yumizen H550E (autoloader), H500E CT (closed tube), and Yumizen H500E OT (open tube) now offer combined testing for CBC/DIFF with ESR results from whole blood in 60 seconds, adding a comprehensive profile for inflammatory disease assessment to the instrument's already extensive functionality.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global erythrocyte sedimentation rate (ESR) tubes market based on the below-mentioned segments:
Global Erythrocyte Sedimentation Rate (ESR) Tubes Market, By Material Type
- Glass
- Plastic
Global Erythrocyte Sedimentation Rate (ESR) Tubes Market, By End-User
- Specialty Centers
- Hospitals
- Others
Global Erythrocyte Sedimentation Rate (ESR) Tubes Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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