Automated blood Tube Labeler & Specimen Transport Box Market – By End User (Hospitals, Diagnostic Center, Skilled Nursing Facility, Long Term Acute Care Facilities), Specimen Transport Box Type (Traditional Boxes, Smart Transportation Boxes) - Forecast to 2022
“The automated blood tube labeler & specimen transportation box market is projected to grow at a CAGR of 6.8% and 7.5% respectively”
The automated tube labeler market is expected to reach USD 142.0 million in 2022 from USD 102.3 million in 2017, at a CAGR of 6.8% during the forecast period. The scope of the report includes automated tube labeler used to label blood tubes. The specimen transport box market is expected to reach USD 135.8 million in 2022 from USD 94.7 million in 2017, at a CAGR of 7.5% during the forecast period. The base year considered for the study is 2016, and the forecast for the market size is provided for the period between 2017 and 2022.
Advantages of automated labeling over manual labeling, increasing number of accidents, and high prevalence of chronic diseases are expected to drive the growth of the automated tube labeler & specimen transportation box market. Integrated solutions restricting the use of automated blood tube labeling devices and specimen transportation boxes and automated solutions for the transportation of blood samples are restraining the growth of the market to a certain extent.
Hospitals held the largest share of the specimen transportation box market in 2017
Based on end users, the specimen transport box market is classified into hospitals, diagnostic center, blood banks, and others. The hospitals segment is accounted for the largest share of the end user in 2017. A number of hospital wards and departments conduct blood testing on a regular basis. Samples collected from different wards need to be transported safely, using insulated boxes to ensure blood stability. This leads to the high consumption of transportation boxes in hospitals. In addition, the growing demand for blood and blood components, and rising concerns regarding blood safety is also expected to contribute to market growth.
North America to dominate the automated tube labeler & specimen transportation box market during the forecast period”
In 2017, North America accounted for the largest share of the automated tube labeler & specimen transportation box market during the forecast period. Growing aging population and prevalence of infectious diseases is driving the demand for withdrawal of blood in this region. The increasing participation of various government associations in blood donations and screening and transfusion activities will increase the demand for proper transportation capabilities, which will support the growth of the North American specimen transportation box market as well.
Break-up profile of primaries:
• By Company Type- Tier 1-42%, Tier 2-37% and Tier 3-21%
• By Designation-C-level-34%, D-level-42% and Others-24%
• By Region-North America-32%, Europe-30%, Asia-24%, and RoW-14%
Techno Medica (Japan), Kobayashi Create (Japan), and Inpeco (Switzerland) are the key players operating in the automated tube labeler market. The specimen transportation box market is dominated by established players such as Sonoco Product Company (US), Greiner Holding (Austria), and Alifax Holdings (Italy).
In this report, the automated tube labeler & specimen transport box market is segmented by end user and region. The report provides a detailed overview of the major drivers, challenges, opportunities, and restraining factors impacting the automated tube labeler & specimen transportation box market along with the estimates and forecasts of the revenue.
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The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on portfolios offered by the top players in the automated tube labeler & specimen transportation box market. The report analyzes the market by end user and region
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product launches in the automated tube labeler & specimen transportation box market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for automated tube labeler & specimen transportation box market products across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the automated tube labeler & specimen transportation box market
• Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the key players in the automated tube labeler & specimen transportation box market