Serum Separation Gel Market

Global Serum Separation Gel Market Size, Share & Trends Analysis Report By Product Type (Serum Separation Gel Integrated with Tube, and Serum Separation Gel Integrated without Tube), By End User, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-22271 Publication Date: April-2024 Number of Pages: 205
2023
USD 8 Billion
2031
USD 13.3 Billion
CAGR
6.7%
Historical Data
2020 to 2022

Market Report Description

The Global Serum Separation Gel Market size is expected to reach $13.3 billion by 2031, rising at a market growth of 6.7% CAGR during the forecast period.

North America has a significant aging population, with a growing number of older adults experiencing age-related chronic conditions and comorbidities. There is an increasing emphasis on preventive healthcare and early disease detection in North America, driven by efforts to reduce healthcare costs, improve patient outcomes, and promote population health.  Therefore, the North America region generated $2,756.6 million revenue in 2023. The region’s advanced healthcare system fosters the adoption of innovative medical technologies, including serum separation gel, to support diagnostic testing, biomedical research, and therapeutic development.

Serum Separation Gel Market Size - Global Opportunities and Trends Analysis Report 2020-2031

Higher healthcare spending improves access to advanced healthcare services, including diagnostic testing and specialized medical treatments. Serum separation gel is essential for obtaining serum samples used in diagnostic tests for various diseases and health conditions. Increased access to healthcare services drives the demand for serum separation gel products in clinical settings. Therefore, the market is expanding significantly due to the integration of healthcare expenditure.

Additionally, Veterinary medicine has seen significant advancements in recent years, including improved diagnostic technologies and treatment modalities. As veterinary practices adopt advanced diagnostic techniques such as immunoassays, molecular diagnostics, and point-of-care testing, the demand for high-quality serum samples obtained with serum separation gel increases. Serum separation gel ensures the integrity and stability of serum samples, enabling accurate and reliable test results in veterinary diagnostics. Thus, because of the expansion of veterinary diagnostics, the market is anticipated to increase significantly.

However, the high cost of serum separation gel products, including blood collection tubes containing the gel, can impose a significant financial burden on healthcare facilities, particularly in resource-limited settings or underfunded healthcare systems. Procuring serum separation gel products at high prices may strain budgets allocated for laboratory supplies, diagnostics, and healthcare services, limiting access to essential testing capabilities. Therefore, high-cost constraints are a significant challenge that hampers the growth of market.

Serological tests requiring serum samples experienced a notable upsurge in demand due to the aftermath of the pandemic. Serum separation gel is critical in blood collection tubes for obtaining high-quality serum samples for COVID-19 testing and other diagnostic assays. The heightened demand for diagnostic testing during the pandemic contributed to increased sales of serum separation gel. Thus, the COVID-19 pandemic had a positive impact on the serum separation gel market.

Driving and Restraining Factors
Serum Separation Gel Market
  • Integration of Healthcare Expenditure
  • Expansion of Veterinary Diagnostics
  • Increasing Number of Senior Citizens
  • High-Cost Constraints of Serum Separation Gel
  • Lack of Supply Chain Disruptions
  • Growing Awareness of Early Disease Detection
  • Advancements in Analytical Techniques
  • Significant Regulatory Compliance Issues
  • Adverse Impact of Environmental Concerns

By End User Analysis

Based on end user, the market is classified into blood bank, hospital, pharmaceutical companies, and others. In 2023, the blood bank segment witnessed 36.6% revenue share in the market. Blood banks routinely perform various blood tests to ensure the safety and compatibility of donated blood products. Serum separation gel is used to obtain high-quality serum samples from donated whole blood, allowing for the screening of infectious diseases, blood typing, antibody testing, and other pre-transfusion testing procedures. The efficient separation of serum using serum separation gel ensures accurate and reliable test results, contributing to the safety of blood transfusions.

Serum Separation Gel Market Share and Industry Analysis Report 2023

By Product Type Analysis

By product type, the market is categorized into serum separation gel integrated without tube and serum separation gel integrated with tube. The serum separation gel integrated without tube segment covered a 28.9% revenue share in the market in 2023. Serum separation gel is widely used in clinical laboratories for diagnostic testing. It enables the separation of serum from whole blood samples, allowing for the analysis of various biomarkers, enzymes, hormones, and other analytes in the serum.

Free Valuable Insights: Global Serum Separation Gel Market size to reach USD 13.3 billion by 2031

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region acquired a 29.3% revenue share in the market. An increasing amount of people in the Asia Pacific region are suffering from chronic illnesses like diabetes, heart disease, and cancer. Urbanization, aging populations, and lifestyle changes are some of the causes contributing to this trend. The Asia Pacific region has a growing awareness of preventive healthcare and early disease detection.

Serum Separation Gel Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 8 Billion
Market size forecast in 2031 USD 13.3 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 6.7% from 2024 to 2031
Number of Pages 205
Number of Tables 260
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Product Type, End User, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included

Becton, Dickinson, and Company, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Agilent Technologies, Inc., Siemens Healthineers AG (Siemens AG), Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation, Charles River Laboratories International, Inc., QuidelOrtho Corporation

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Recent Strategies Deployed in the Market

  • Aug-2022: Agilent Technologies, Inc. completed the acquisition of Polymer Standards Service GmbH, a provider of solutions in the field of polymer characterization. Through this acquisition, Agilent expanded its product portfolio and customer offerings, specifically in the chemical and biopharmaceutical sector for the analysis of natural and synthetic polymers such as nucleic acids, proteins, monoclonal antibodies, polysaccharides, and synthetic plastic.
  • Mar-2021: Bio-Rad Laboratories, Inc. expanded its partnership with F. Hoffmann-La Roche AG, a Swiss multinational healthcare company. Under this partnership, the companies would provide their joint customers access to Bio-Rad's full range of InteliQ products and Unity QC data management solutions, accompanied by training and support services for customers.
  • Dec-2020: Siemens Healthineers AG expanded its joint marketing agreement with Bio-Rad Laboratories, Inc., a life science research and clinical diagnostics company. Under this partnership, Bio-Rad would provide quality control products and Unity Quality Control data management solutions for Siemens Healthineers’ Atellica Solution platforms.
  • Sep-2020: Bio-Rad Laboratories, Inc. unveiled VIROTROL SARS-CoV-2 and VIROCLEAR SARS-CoV-2 in vitro diagnostics, providing positive and negative quality controls for antibody testing of SARS-CoV-2. These controls are capable of detecting SARS-CoV-2 total IgM and IgG antibodies across various testing methods. Moreover, the U.S. VIROTROL SARS-CoV-2 quality controls serve as independent positive controls to identify the presence of SARS-CoV-2 antibodies in patients.

List of Key Companies Profiled

  • Becton, Dickinson, and Company
  • F. Hoffmann-La Roche Ltd.
  • Abbott Laboratories
  • Agilent Technologies, Inc.
  • Siemens Healthineers AG (Siemens AG)
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation
  • Sysmex Corporation
  • Charles River Laboratories International, Inc.
  • QuidelOrtho Corporation

Serum Separation Gel Market Report Segmentation

By Product Type

  • Serum Separation Gel Integrated with Tube
  • Serum Separation Gel Integrated without Tube

By End User

  • Blood Bank
  • Hospital
  • Pharmaceutical & Companies
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $13.3 billion by 2031.

Integration of Healthcare Expenditure are driving the Market in coming years, however, High-Cost Constraints of Serum Separation Gel restraints the growth of the Market.

Becton, Dickinson, and Company, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Agilent Technologies, Inc., Siemens Healthineers AG (Siemens AG), Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation, Charles River Laboratories International, Inc., QuidelOrtho Corporation

The expected CAGR of this Market is 6.7% from 2024 to 2031.

The Serum Separation Gel Integrated with Tube segment is leading the Market by Product Type in 2023 thereby, achieving a market value of $9 billion by 2031.

The North America region dominated the Market by Region in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $4.3 billion by 2031.

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