Dublin, April 25, 2023 (GLOBE NEWSWIRE) -- The "Automated Blood Tube Labelers and Specimen Transport Boxes: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Automated Blood Tube Labelers and Specimen Transport Boxes estimated at US$282.8 Million in the year 2022, is projected to reach a revised size of US$518.8 Million by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030.
Hospitals, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$220 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Diagnostic Centers segment is readjusted to a revised 8.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $101 Million, While China is Forecast to Grow at 10% CAGR
The Automated Blood Tube Labelers and Specimen Transport Boxes market in the U.S. is estimated at US$101 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$92.2 Million by the year 2030 trailing a CAGR of 10% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 7.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$55.5 Million by the year 2030.
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
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 253 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $282.8 Million |
| Forecasted Market Value (USD) by 2030 | $518.8 Million |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
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
- Automated Blood Tube Labeler
- Specimen Transportation Boxes
- Global Market Prospects & Outlook
- Hospitals: Largest End-Use Market
- Developed Regions Lead Global Market
- Competition
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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
- Aging Demographics Add to the Global Burden of Chronic Diseases
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Focus on Clinical Research to Develop Effective COVID-19 Vaccines and Drugs Spurs Market Growth
- Surge in COVID-19 Testing Volumes Benefits Clinical Labs, Favoring Market Prospects
- Total Number of COVID-19 Tests Conducted and Tests Per Million Population in Most Impacted Countries: As on September 27, 2021
- Rise in Accident Cases and Need for Sample Testing to Fuel Automated Tube Labeler & Specimen Transportation Box Market
- Percentage Share Breakdown of Number of Fractures by Age Group: 2019
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/itj550
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