DUBLIN--(BUSINESS WIRE )--The "Automated Blood Tube Labelers and Specimen Transport Boxes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Automated Blood Tube Labelers and Specimen Transport Boxes estimated at US$247.2 Million in the year 2020, is projected to reach a revised size of US$385.8 Million by 2026, growing at a CAGR of 7.4% over the analysis period.
Hospitals, one of the segments analyzed in the report, is projected to grow at a 7.4% CAGR to reach US$174.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Diagnostic Centers segment is readjusted to a revised 8.4% CAGR for the next 7-year period. This segment currently accounts for a 34.1% share of the global Automated Blood Tube Labelers and Specimen Transport Boxes market.
The growing disease prevalence and need for more than one confirmatory test for several of these diseases and the resultant need for blood sample collection, transportation and testing at laboratories is driving market growth. The rise in blood test volumes will spur opportunities for automated blood tube labeling and specimen transportation boxes at diagnostic centers.
The U.S. Market is Estimated at $94.5 Million in 2021, While China is Forecast to Reach $63.6 Million by 2026
The Automated Blood Tube Labelers and Specimen Transport Boxes market in the U.S. is estimated at US$94.5 Million in the year 2021. The country currently accounts for a 35.9% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$63.6 Million in the year 2026 trailing a CAGR of 9.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 7% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 5.7% CAGR while Rest of European market (as defined in the study) will reach US$68.5 Million by the end of the analysis period. North America and Europe represent leading regional markets. The rising prevalence of chronic diseases requiring blood transfusions along with rise in road accidents is supporting market growth. The advanced healthcare infrastructure in place and growing demand for automated equipment from labs and healthcare facilities is driving growth in these regions.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900