The automated blood 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 period is from 2017 to 2022.
Factors driving the growth in the automated tube labeler & specimen transport box market are the growing number of accident cases, advantages of automated labeling over manual labeling, and high prevalence of chronic diseases. However, factors such as automated solutions for the transportation of blood samples and integrated solutions are expected to limit the growth of the automated tube labeler and specimen transport box market to a certain extent. The issues associated with the manufacturing of automated blood-tube labeling devices such as the structural complexity of the labeling devices and high manufacturing costs are also expected to challenge the growth of the market.
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Based on end users, the automated tube labeler market is segmented into hospitals, diagnostic centers, and blood banks. The diagnostic center is projected to grow at the highest CAGR during the forecast period. Automated blood tube labelers provide significant benefits over manual or semi-automated labeling—they significantly reduce the possibility of human error and ensure quicker results compared to manual or traditional methods. These devices also provide a favorable long-term cost-benefit ratio as they increase productivity and decrease labor costs. As a result, the demand for these systems is expected to increase in diagnostic centers in the coming years.
Based on end user, the specimen transport box market is segmented into hospitals, diagnostic centers blood banks, and other end users. The diagnostic center segment is expected to grow at the highest CAGR during the forecast period. Severe diseases require more than one confirmatory test; as a result, blood samples are forwarded to reference labs for further analysis in transportation boxes. As a result, the demand for transportation boxes is expected to increase in diagnostic centers in the coming years.
China is expected to be the fastest growing regional market during the forecast period. Factors such as rising prevalence of diseases that require blood transfusions and the incidence of road accidents are driving the growth of this regional segment in the specimen transport box market.
Portable/bedside tube labeler and smart transportation boxes are also expected to provide a wide range of growth opportunities for players in the market.
