Automated Blood Tube Labeler & Specimen Transport Box Market

Automated Blood Tube Labeler & Specimen Transport Box Market Outlook (2022-2032)

The Automated Blood Tube Labeler & Specimen Transport Box market reached a valuation of US$ 125.26 Million, and is likely to register a Y-o-Y growth rate of 6.0% in 2022, closing at US$ 133.4 Million. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 6.5% CAGR, reaching US$ 250.41 Million.

Report Attributes	Details
Anticipated Base Year Value (2021)	US$ 125.26 Million
Expected Market Value (2022)	US$ 133.4 Million
Projected Forecast Value (2032)	US$ 250.41 Million
Global Growth Rate (2022-2032)	6.5% CAGR
Expected Growth Rate of the US (2022-2032)	6.4% CAGR
Anticipated Growth Rate of China (2022-2032)	6.3% CAGR
Prominent Automated Blood Tube Labeler & Specimen Transport Box Service Players	Techno Medica Sonoco Product Company Kobayashi Create Co. Ltd Inpeco SA Energium Co. Ltd Scinomix Greiner Holding Alifax Holdings SPA Sarstedt Softbox Systems Ambica Pharma Machines Pvt. Ltd Brooks Life Sciences CPC Diagnostic Pvt Ltd Energium Co., Ltd HERMA GmbH

According to Fact.MR, rise in the number of accident cases, reduced incidences of specimen labeling errors, technological advancements and enhancements in the productivity and efficiency of laboratories, and high benefits of automated labeling over manual labeling are some major factors that are expected to accelerate the growth of the automated blood tube labeler & specimen transport box market in the near future.

Factors such as increase in number of chronic diseases is another major factor that is anticipated to propel the market growth during the forecast period. More benefits of automated tube labeling over manual labelling is also a major factor responsible for the growth of the automated blood tube labeler & specimen transport box market.

2017-2021 Revenue Analysis of Automated Blood Tube Labeler & Specimen Transport Box Market vs. Growth Outlook 2022-2032

According to Fact.MR’s report, Automated Blood Tube Labeler & Specimen Transport Box demand exhibited a CAGR of over 3.4% from 2017 to 2021.

The sales of biological sample transport boxes have appreciably expanded, owing to the factors such as the rise in diagnoses and the development of scientific research. A cool box for sample transportation is highly preferred to keep the samples safe.

There are huge varieties of boxes available in the market such as specimen collection boxes, blood sample carrier boxes, specimen storage boxes as well as specimen tube racks, all with respective uses.

There has been an essential need for automatic blood tube labelers to speed up and get rid of errors in labeling blood tubes due to the numerous blood tests performed throughout the vaccine development.

These tubes must be transported from the collection site to the lab in specimen transport boxes as well. Blood tests are also used to identify people who are more at risk as well as to look for signs of COVID-19 in the patients.

In addition to these use cases, medical professionals are looking into other therapies to treat COVID-19 patients, including plasma therapy and blood transfusion. The demand for automated blood tube labelers and blood sample transportation boxes is increased as a result of these treatments.

Key Market Drivers Influencing Automated Blood Tube Labeler & Specimen Transport Box Industry Expansion

Advent of Smart Tags and Technological Advancements to Escalate the Market Growth

Smart Tags are turning out to be an effective option to control the transport environment, and also, to track the location of specimens gathered for analysis, investigation, or examination in real-time.

The smart tag facilitates the management of the specimen transported, the specimen container, as well as the specimen transportation system. The smart tag also aids in real-time monitoring of the transported species’ temperature and vibration.

In addition, the smart tag aids in preventing loss or degeneration of the species due to transportation-related severe temperatures. Moreover, the smart tag also enables an autonomous handling of infectious species, thereby reducing the danger of accidents during blood transfusions, as well as prompt identification of the location of blood during an emergency. All these factors are expected to escalate the growth of the Automated Blood Tube Labeler & Specimen Transport Box Market over the analysis period.

Effective Sample Transportation to Propel Market Growth Prospects

The critical phlebotomy errors decrease in frequency as automated labeling systems replace manual blood tube labeling. Tube labeling and manual labeling take a lot of time and labor to complete.

With eliminating the need for writing, minimizing label damages, and enhancing the legibility of the information on the labels, the automated blood tube labelers cut time and labor.

These systems are more precise, uniform, and accurate, and can handle several tubes every hour. These advantages of automated labeling over hand labeling are predicted to augment the market expansion during the forecast period.

Key Challenges encountered by Automated Blood Tube Labeler & Specimen Transport Box Industry

Availability of Substitute Systems to Hinder the Market Growth

The availability of combined systems that reduce the use of automated blood tube labeller - specimen transport box is one of the major factors that is expected to hinder the growth of the Automated Blood Tube Labeler & Specimen Transport Box Market over the analysis period.

Lack of Insurance Coverage to Hamper the Market Growth

Unfavorable reimbursement policies in developing economies, is a major factor that will restrain the growth of the Automated Blood Tube Labeler & Specimen Transport Box Market in the forthcoming years. In addition, factors such as lack of insurance coverage by the companies will hamper the market growth during the forecast period.

Country-wise Analysis

How will the US Perform in the Global Automated Blood Tube Labeler & Specimen Transport Box Industry Landscape?

High Investments in Research & Development to Boost the Market Growth in the US

The Automated Blood Tube Labeler & Specimen Transport Box Market in the US will grow at a CAGR of 6.4% from 2022 to 2032. The US automated blood tube labeler & specimen transport box market is expected to attain a valuation of US$ 101 million, in 2022 and dominate the North American region.

Additionally, the development in healthcare infrastructure, high R&D investments, and, the rising rate of chronic diseases are the major factors that are anticipated to fuel the growth of the automated blood tube labeler & specimen transport box market in the United States.

How will the Growth of Automated Blood Tube Labeler & Specimen Transport Box Market Escalate across China?

Fear of Contagious Infection to Enhance the Market Prospects

The Automated Blood Tube Labeler & Specimen Transport Box Market in China is expected to grow at a CAGR of 6.3% from 2022 to 2032.

The market for automated blood tube labelers & specimen transport boxes in the Asia Pacific region is expanding rapidly. China is the second-largest economy and is expected to attain a valuation of US$ 70.2 million by the end of 2032.

An increasing number of seminars, symposiums, summits, and training & practice sessions are being organized in China, which is helping to increase consumer knowledge of various automated labeling solutions and propel the market's expansion.

Country-wise Forecast CAGRs for the Automated Blood Tube Labeler & Specimen Transport Box Market

Region	CAGR
US	6.4%
China	6.3%
Japan	6.2%
Germany	6.1%
India	6.0%

Category-wise Insights

Which Segment to Remain Dominant in the Product Type Category?

Automated Blood Tube Labelers Segment to Enhance Growth Prospects

According to Fact.MR’s data, preference for Automated Blood Tube Labelers segment is expected to expand at a CAGR of 6.3% over the forecast period.

The choice of blood collection tubes, the printing of medical test findings, posting of identification tags, and placing of sample tubes into trays are all made easier by automatic tube labelers.

Utilizing these automatic tube labelers reduces labeling errors, as well as the time required for the collection of blood. In hospitals, outpatient care facilities, blood collection facilities, and laboratories, auto tube labelers or tube labeling machines are often used.

The automatic blood tube labeler and specimen transport box market growth is anticipated to be driven by the automated blood tube labeler segment's revenue over the forecast period.

Which is the Most Sought-after End-User Category?

Hospitals’ Segment to Boost the Market’s Growth

According to Fact.MR’s data, preference for Hospitals’ segment is expected to expand at a CAGR of 6.3% over the forecast period.

The hospital segment is expected to account for the largest share of the market, owing to the factors such as an increasing prevalence of diseases where blood diagnosis is essential. For instance, the prevalence rate of infectious diseases is high despite significant improvements in sanitation and medicine.

According to the National Institute of Allergy and Infectious Diseases, it has been estimated that infectious diseases affect more than 15 million lives globally.

Automated Blood Tube Labeler & Specimen Transport Box Market- Competitive Landscape

Prominent players in the Automated Blood Tube Labeler & Specimen Transport Box Industry are taking advantage of the rapidly increasing demand for the Automated Blood Tube Labeler & Specimen Transport Box in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

• In June 2021, Alifax installed HB&L at the National Medical Research Center at Academician Burdenko, Moscow for the purpose of clinical evaluation such as for rapid screening of cerebrospinal fluid, rapid screening of urine, rapid formation of microorganism yield for further investigation and application, such as clinical susceptibility test from positive blood culture with the Laser Scattering technology for the diagnosis of catheter-associated infections, and automation of the effectiveness of surface cleaning of clinical surfaces (Sanitary bacteriology).
• In July 2020, Scinomix launched an innovative RapidCAP2, the automated capping and decapping system, a budget-friendly capping/decapping solution that is fully compatible with inexpensively priced bulk 0.5ml to 2.0ml cryovials. Scinomix engineers designed RapidCAP2 specifically for lab managers working in production environments who have previously relied on premium-priced pre-racked tubes or inflexible single-task capping systems that are notoriously difficult to adapt to new applications.

Key Segments Covered in the Automated Blood Tube Labeler & Specimen Transport Box Industry Survey

• By Product Type

  • Automated Blood Tube Labelers
  • Specimen Transport Boxes

• By End-User

  • Hospitals
  • Diagnostic Centers
  • Blood Banks
  • Others

• By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa