DUBLIN–(BUSINESS WIRE)–The “Automated Blood Tube Labelers and Specimen Transport Boxes – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The global market for Automated Blood Tube Labelers and Specimen Transport Boxes estimated at US$247.2 Million in the year 2020, is projected to reach a revised size of US$385.8 Million by 2026, growing at a CAGR of 7.4% over the analysis period.
Hospitals, one of the segments analyzed in the report, is projected to grow at a 7.4% CAGR to reach US$174.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Diagnostic Centers segment is readjusted to a revised 8.4% CAGR for the next 7-year period. This segment currently accounts for a 34.1% share of the global Automated Blood Tube Labelers and Specimen Transport Boxes market.
The growing disease prevalence and need for more than one confirmatory test for several of these diseases and the resultant need for blood sample collection, transportation and testing at laboratories is driving market growth. The rise in blood test volumes will spur opportunities for automated blood tube labeling and specimen transportation boxes at diagnostic centers.
The U.S. Market is Estimated at $94.5 Million in 2021, While China is Forecast to Reach $63.6 Million by 2026
The Automated Blood Tube Labelers and Specimen Transport Boxes market in the U.S. is estimated at US$94.5 Million in the year 2021. The country currently accounts for a 35.9% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$63.6 Million in the year 2026 trailing a CAGR of 9.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 7% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 5.7% CAGR while Rest of European market (as defined in the study) will reach US$68.5 Million by the end of the analysis period. North America and Europe represent leading regional markets. The rising prevalence of chronic diseases requiring blood transfusions along with rise in road accidents is supporting market growth. The advanced healthcare infrastructure in place and growing demand for automated equipment from labs and healthcare facilities is driving growth in these regions.
Select Competitors (Total 35 Featured) –
- Alifax S.r.l.
- Brooks Life Sciences
- Greiner Bio-One International GmbH
- INPECO SA
- Kobayashi Create Co., Ltd.
- SARSTEDT AG & Co. KG
- Scinomix
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Automated Blood Tube Labelers and Specimen Transport Boxes – Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of COVID-19 Pandemic and Looming Global Recession
- 2020: A Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- A Mixed Picture for Laboratory Equipment and Supplies Industry During the Pandemic
- Global Laboratory Equipment and Supplies Market Growth Outlook (in %) for Years 2019 through 2025
- An Introduction to Automated Blood Tube Labeler & Specimen Transport Boxes
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Potential for Serious Medical Errors due to Specimen Mislabeling Drives Need for Automated Labelers
- High Cost of Labeling Errors
- Processes for Cutting down Labelling Errors
- Wrong Blood in Tube (WBIT) Incidents Enhance Importance of Automated Blood Tube Labelers
- Effects of Specimen Labeling Errors on Labs and Best Practices to Minimize Errors
- Urgent Need to Reduce Spurious Lab Results and Eliminate Pre-Analytic Errors Drives Demand for Automatic Blood Tube Labelers
- Preanalytical Stage Accounts for Most Errors: Breakdown of Laboratory Errors by Preanalytical, Post-Analytical and Analytical Stages
- Significant Advantages of Automated Labelers over Manual Labeling Procedures Fuels Market Growth
- Automatic Tube Labelling System Benefits from the Automation Trend in Labs
- Growing Automation in Laboratories and Medical Facilities Augurs Well for the Market
- Global Lab Automation Market in US$ Billion for the Years 2020, 2022, 2024 and 2026
- Automated Test Tube Barcoding: Eliminating Errors and Enhancing Reliability
- Barcoding Methods for Vials and Tubes: Assessing Advantages and Drawbacks
- Biological Specimen Transportation Box: Vital for Transport of Infectious Substances amidst Heightened Focus on Disease and Infection Control
- Digitization of Labs Leads to the Evolution of Innovative Solutions for Sample Transport and Results Delivery
- Dry Ice for Shipping of Blood Samples
- Use of RFID Trackers and Smart Tags for Tracking Patient Samples in Transit
- New Smart Tags for Tracking Blood Products in Transit
- Temperature-Controlled Transport Packaging for Biological Specimens
- Rising Prevalence of Chronic Diseases and Resultant Need for Blood Diagnosis: A Business Case for Automated Labelers
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Fatalities by Heart Conditions – Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
- Rising Diabetes Prevalence: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2017 and 2045
- Global HIV Prevalence: Number of People Living with AIDs (in Thousands) by Region for 2020
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/m8zzgl
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