Automated Blood Tube Labeler & Specimen Transport Box Market Size, Share, Growth, and Industry Analysis, By Type (Ceramic & Carbon, Brick Lining, Tile Lining, Themoplastic Lining), By Application (Marine, Oil and Gas, Power Generation, Construction, Automotive, Transportation, Chemicals, Mining & Metallurgy, Others), Regional Insights, and Forecast To 2032

Updated On: 15 April 2024

Automated Blood Tube Labeler & Specimen Transport Box Market REPORT OVERVIEW

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The global automated blood tube labeler & specimen transport box market size was 119.8 million in 2022. As per our research, the automated blood tube labeler & specimen transport box market is expected to reach USD 168.5 million by 2029, exhibiting a CAGR of 4.9% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, automated blood tube labeler & specimen transport box experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

In the medical field, automated blood tube labelers and specimen transport boxes are used to eliminate manual errors and ensure the safe transfer of specimens from hospitals to laboratories. The automatic blood tube labeler provides error-free labor in the pre-analytical phase of blood collection. The barcode labeler creates labels based on data provided by the LIS or the laboratory information system via automatically selecting the appropriate primary tubes that are required during a patient's examination.

The automated system ensures uniform processing, enhances throughput, and eliminates human errors while consuming less time. Specimen transport boxes are used to transfer biological specimens safely from hospitals to testing facilities. The specimen transit box ensures that biological specimens are tested in a clean and dry environment.

COVID-19 Impact: Requirement for Healthcare Equipment to Advance Market Growth

The requirement for healthcare equipment is on the rise in order to care for the affected population. Respiratory support equipment, such as an atomizer, a life-support machine, an oxygen generator, and a monitor, are among the most commonly utilized medical devices in basic clinical care. Furthermore, COVID-19 pandemic has resulted in a significant increase in demand for medical goods such as personal safety gear such as masks, gloves, and protected eyeglasses.

As the number of COVID-19 pandemic cases globally rises, so does the demand for medical supplies among healthcare professionals and the general public for precautionary measures. Manufacturers of these items have an opportunity to benefit on the rising demand for medical supplies in order to provide an appropriate and consistent supply of personal safety gear in the market. Given these considerations, COVID-19 pandemic is projected to have a substantial impact on the market.

LATEST TRENDS

"Spike in Accident Cases to Stimulate Market Development "

Owing to the spike in the amount of accident cases, the significant advantages of automated labeling over traditional labeling, a lower rate of specimen labeling errors, and technological advances developments that have resulted in laboratory productivity and efficiency, the worldwide market will continue to expand. Furthermore, expenditures for biological samples transport boxes have risen significantly as a result of variables such as an increase in diagnoses and the advancement of scientific research. Furthermore, smart tags are proving to be a viable choice for controlling the transport environment as well as tracking the position of specimens acquired for analysis, examination, or investigation in real time.

Automated Blood Tube Labeler & Specimen Transport Box Market SEGMENTATION

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• By Type

Based on type; the market is divided into traditional boxes, smart transportation boxes

Traditional boxes is the leading part of the type segment.

• By Application

Based on the application; the market is divided into hospitals, diagnostic center, skilled nursing facility, long term acute care facilities

Hospitals is the leading part of the application segment.

DRIVING FACTORS

"Hospital Category to Aid Market Expansion"

The market is classified into hospitals, diagnosis centers, and blood banks, among others. In 2021, the hospitals segment will dominate the market. Because of reasons such as a growing number of disorders that require blood diagnosis, the hospital sector is expected to make up for the greatest proportion of the Market. For example, despite major advances in sanitation and medicine, the prevalence of infectious diseases remains high. In accordance to data, infectious diseases claim the lives of more than 15 million people worldwide.

"Automatic Blood Tube Labeler to Foster Industry Progress "

The market is divided into two types: automatic blood tube labeler and specimen transport box. In 2021, the automated blood tube labeler segment led the automated blood tube labeler & specimen transport box market share. Automatic tube labelers facilitate the selection of the collection of blood tubes, the production of medical test results, the posting of identifying tags, and the placement of tubes for samples into trays.

The use of these automated tube labelers lowers labeling errors as well as the amount of time required for blood collection. Auto tube labelers or deliberately tube labeling machines are frequently used in healthcare facilities, outpatient care facilities, collection of blood facilities, and laboratories.

RESTRAINING FACTORS

"Emergence of Combination Systems to Limit the Market Evolution "

The emergence of combination systems that reduce the use with automated blood tube labeler & specimen transport box may, however, slow automated blood tube labeler & specimen transport box market growth. Unfavorable reimbursement policies in developing economies will exacerbate market expansion issues. Limited protection from insurance will also slow market expansion.

Automated Blood Tube Labeler & Specimen Transport Box Market REGIONAL INSIGHTS

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"Rise in Disorders Requiring Blood Transfusions in Asia Pacific to Support Market Advancement "

Asia Pacific held the highest proportion of the worldwide automated blood tube labeler & specimen transport box market in 2017. From 2017 to 2022, China is predicted to have the greatest growth rate within the market. The growing amount of conferences, symposia, meetings, and training courses hosted in China are playing an important role in raising knowledge about various automated labeling solutions and thereby boosting market growth.

Leading industry players, including automated blood tube labeler and specimen transport box machine experts, participate in such programs. Furthermore, the increased prevalence of disorders needing blood transfusions, as well as an increase in traffic accidents, would promote the expansion of the worldwide market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Techno Medica (Japan)
• Kobayashi Create (Japan)
• Inpeco (Switzerland)
• Sonoco Product Company (US)
• Greiner Holding (Austria)
• Alifax Holdings (Italy)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.