Automated Blood Tube Labeler and Specimen Transport Box Market by Product and Geography - Forecast and Analysis 2020-2024

The global automated blood tube labeler and specimen transport box market size has the potential to grow by USD 94.57 million during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by product (automated blood tube labeler and specimen transport box) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Avantor Inc., Brooks Automation Inc., Cardinal Health Inc., Greiner AG, Inpeco SA, Kobayashi Create Co. Ltd., SARSTEDT AG & Co. KG, Sonoco Products Co., Techno Medica Co. Ltd., and Thermo Fisher Scientific Inc. 

Market Overview

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Market Competitive Analysis

The automated blood tube labeler and specimen transport box market is currently fragmented. The degree of fragmentation will remain the same over the forecast period. Key vendors are adopting innovative marketing strategies to increase their market penetration. They are entering into agreements with GPOs and medical wholesalers to gain easy access to healthcare facilities and laboratories to increase sales. They are also offering products online to expand their geographic outreach. Sonoco Products Co., Techno Medica Co. Ltd., and Thermo Fisher Scientific Inc. are a few of the significant market participants. Although the benefits of automated labeling will offer immense business opportunities to the vendors, the high costs of devices will challenge the growth of many. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this automated blood tube labeler and specimen transport box market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. This automated blood tube labeler and specimen transport box market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading automated blood tube labeler and specimen transport box companies, including:

• Avantor Inc.
• Brooks Automation, Inc.
• Cardinal Health Inc.
• Greiner AG
• Inpeco SA
• Kobayashi Create Co. Ltd.
• SARSTEDT AG & Co. KG
• Sonoco Products Co.
• Techno Medica Co. Ltd.
• Thermo Fisher Scientific Inc. 

Automated Blood Tube Labeler and Specimen Transport Box Market: Segmentation by Region

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Europe will offer several growth opportunities to market vendors during the forecast period. The presence of stringent regulations for the safe transportation of hazardous goods has been increasing the use of automated blood tube labelers and specimen transport boxes in Europe. The use of specimen transport boxes is essential for biotechnology and pharmaceutical companies to comply with directives such as International Carriage of Dangerous Goods by Rail (RID). These factors are supporting the automated blood tube labeler and specimen transport box market growth in the region.

Almost 29% of the overall market’s growth will originate from Europe during the forecast period. The UK, Germany, and France are the key markets for automated blood tube labeler and specimen transport box in the region. The market growth rate in this region will be slower than that of other geographies over the forecast period.

Automated Blood Tube Labeler and Specimen Transport Box Market: Segmentation by Product

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Automated tube labelers help in automatic selection of blood-collection tubes, printing examination findings, pasting identification labels, and placing sample tubes into trays. The use of these automated tube labelers reduces labeling errors and the overall time required for blood sampling. As a result, automated blood tube labelers are significantly used in hospital wards, outpatient care units, blood sampling rooms, and laboratories. Therefore, the revenue generation from the automated blood tube labeler segment will fuel the automated blood tube labeler and specimen transport box market growth significantly over the forecast period.

The growth rate of the automated blood tube labeler segment is expected to be slower compared with the other segment over the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the automated blood tube labeler and specimen transport box market size.

Automated Blood Tube Labeler and Specimen Transport Box Market: Key Drivers and Trends

Automated blood tube labeling offers several benefits over manual labeling, which has been identified as one of the critical automated blood tube labeler and specimen transport box market growth drivers. Manual labeling is laborious and time-consuming and has a high risk of critical phlebotomy errors. On the other hand, automated blood tube labelers reduce the efforts of writing and label application. They can further handle hundreds of tubes at a time with higher accuracy and consistency. Moreover, automated blood tube labelers help healthcare facilities in reducing labor costs. These factors are expected to increase sales of automated blood tube labelers among the end-users, which will contribute to the market growth over the forecast period.

• Vendors are entering into agreements with GPOs and medical wholesalers to gain easy access to healthcare facilities and laboratories.
• With the advent of e-commerce, vendors are adopting the online distribution channel to increase sales overseas.
• Online sales are helping vendors in reducing operational costs by eliminating the need for them to set up elaborate physical stores.
• Established vendors are also documenting the benefits and cost-saving advantages of their automated blood tube labelers and specimen transport boxes to help end-users in making smart purchase decisions.
• The market will grow at a CAGR of over 7% during 2020-2024.

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Automated Blood Tube Labeler and Specimen Transport Box Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the growth of the automated blood tube labeler and specimen transport box market during the next five years
• Precise estimation of the global automated blood tube labeler and specimen transport box market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automated blood tube labeler and specimen transport box industry in Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automated blood tube labeler and specimen transport box vendors

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