SAN FRANCISCO, Nov. 16, 2021 /PRNewswire/ -- A new market
study published by Global Industry Analysts Inc., (GIA) the premier
market research company, today released its report
titled "Automated Blood Tube Labelers and Specimen Transport
Boxes - Global Market Trajectory & Analytics". The report
presents fresh perspectives on opportunities and challenges in a
significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: October 2021
Executive Pool: 469
Companies: 35 - Players covered include Alifax S.r.l.;
Brooks Life Sciences; Greiner Bio-One International GmbH; INPECO
SA; Kobayashi Create Co., Ltd.; SARSTEDT AG & Co. KG; Scinomix
and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Hospitals, Diagnostic Centers, Blood
Banks, Other End-Uses)
Geographies: World; USA; Canada;
Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South
Korea; Rest of Asia-Pacific; Latin
America; Argentina;
Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel;
Saudi Arabia; UAE; Rest of
Middle East; Africa.
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ABSTRACT-
Global Automated Blood Tube Labelers and Specimen Transport
Boxes Market to Reach US$385.8
Million by the Year 2026
Automated blood tube labeler
is used for reducing human errors that occur during the
preanalytical phase of blood collection process. Growth in the
global market is being driven by the growing awareness about the
benefits offered by automated tube labeling over manual labeling,
rising prevalence of chronic diseases, and rise in accident cases,
which are driving need for blood analysis and testing. Demand for
automated blood tube labeler and specimen transportation boxes is
driven by the growing demand from medical facilities like
hospitals, laboratories and diagnostic centers. Amidst the growing
demand for testing, such facilities are adopting some level of
automation in their operations to deal with the surge in specimen
volumes. Manual labeling is time consuming and also labor intensive
process, thus presenting automated labelers as an ideal alternative
option. The automated labelers prevent labels from wrinkling,
improve readability of information on labels, enhance accuracy,
consistency and precision, improve throughput of the systems. The
potential to improve turnaround times of test results using
automated equipment and thus ensure early delivery of care is
driving market outlook.
Amid the COVID-19 crisis, 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.
Blood Banks Segment to Reach $56.2
Million by 2026
In the global Blood Banks segment,
USA, Canada, Japan, China
and Europe will drive the 6.2%
CAGR estimated for this segment. These regional markets accounting
for a combined market size of US$30.5
Million in the year 2020 will reach a projected size of
US$47 Million by the close of the
analysis period. China will remain
among the fastest growing in this cluster of regional markets. Led
by countries such as Australia,
India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.7 Million by the year 2026, while
Latin America will expand at a
6.9% CAGR through the analysis period. More
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Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.