Global “Automated Blood Tube Labeler and Specimen Transport Box” market forecast report 2020-2024 offers a comprehensive analysis of Automated Blood Tube Labeler and Specimen Transport Box market trends prevalent in the global business domain. This report provides conclusive data concerning on Automated Blood Tube Labeler and Specimen Transport Box market size, industry share and revenue forecast of the market. The market study report examines the Automated Blood Tube Labeler and Specimen Transport Box market share, growth rate, key segments, CAGR and key drivers. It also offers an extensive analysis of important winning strategies, changing dynamics, competitive landscape, regional information that will help to know the current status of the market.
Global Automated Blood Tube Labeler and Specimen Transport Box market size is estimated to grow at CAGR of over 7% with Revenue USD 94.57 million during the forecast period 2020-2024. The “YOY (year-over-year) growth rate for 2020 is estimated at 7.04%” by the end of 2024.
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Automated Blood Tube Labeler and Specimen Transport Box Market Overview:
Our automated blood tube labeler and specimen transport box market analysis considers sales from automated blood tube labeler and specimen transport box products. Our study also finds the sales of automated blood tube labeler and specimen transport box in Asia, Europe, North America, and ROW. In 2019, the automated blood tube labeler segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as reduction of labeling errors and the overall time required for blood sampling will play a significant role in the automated blood tube labeler segment to maintain its market position. Also, our global automated blood tube labeler and specimen transport box market report looks at factors such as benefits of automated labeling over manual labeling, increasing demand for blood tests, and regulations supporting the use of specimen transport boxes. However, the high cost of devices, drawbacks and limitations of devices, and price reduction due to intense competition among vendors may hamper the growth of the automated blood tube labeler and specimen transport box industry over the forecast period.
Major Key Players Covered in Global Automated Blood Tube Labeler and Specimen Transport Box Market Report Are:
- Avantor Inc.
- Brooks Automation Inc.
- Cardinal Health Inc.
- Greiner AG
- Inpeco SA
- Kobayashi Create Co. Ltd.
- SARSTEDT AG and Co. KG
- Sonoco Products Co.
- Techno Medica Co. Ltd.
- and Thermo Fisher Scientific Inc.
Automated Blood Tube Labeler and Specimen Transport Box Market Dynamics:
- Market Driver: Benefits Of Automated Labeling Over Manual Labeling.
- Market Challenge: High Cost Of Devices.
- Market Trend: Marketing Strategies Of Vendors
Benefits of automated labeling over manual labelingThe rising adoption of automated labeling devices over manual labeling of blood tubes minimizes the incidence of critical phlebotomy errors. Manual label making and tube labeling is not only time consuming but also a laborious process. The automated blood tube labelers eliminate the efforts of writing, prevent the wrinkling of labels, and improve the readability of information on the labels. These systems can handle several hundred tubes per hour with higher accuracy, precision, and consistency. Such benefits of automated labeling over manual labeling will lead to the expansion of the global automated blood tube labeler and specimen transport box market at a CAGR of over 7% during the forecast period.Marketing strategies of vendorsKey vendors are adopting innovative marketing strategies to increase their market penetration. Many vendors enter into agreements with Group Purchasing Organization (GPOs) and medical wholesalers, which enable them to easily access healthcare facilities and laboratories and increase the sales of their products as a substantial proportion of the procurement for hospitals takes place through this channel. Also, vendors are increasingly investing resources in documenting the benefits and cost-saving advantages of their automated blood tube labelers and specimen transport boxes. Such data is used to influence the buying decisions of end-users and increase their product sales. Furthermore, online retailing provides customers with easy access to a wide range of products at competitive prices and allows companies to minimize their setup- distribution and operational costs. This development is expected to have a positive impact on the overall market growth.
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Global Automated Blood Tube Labeler and Specimen Transport Box Market Report Covers the Following Regions:
- North America
- South America
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.
The Research Document Will Answer Following Questions Such as:
- What are the cutting-edge technologies responsible for driving the growth of the market?
- What are the main applications of the market? What are the Automated Blood Tube Labeler and Specimen Transport Box market growth prospects of themarket applications in the market?
- At what stage of development are the key market products?
- What are the shortcomings that have to face to become commercially viable? Are their growth and commercialization dependent on cost declines or technological/application breakthroughs?
- What is the outlook for the industry?
- What difference does performance characteristics of Automated Blood Tube Labeler and Specimen Transport Box create from those of established entities?
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Reasons to buy Global Automated Blood Tube Labeler and Specimen Transport Box Market Report:
- In-depth analysis of the Automated Blood Tube Labeler and Specimen Transport Box market on the global and regional levels.
- Major changes in market dynamics and competitive landscape.
- Segmentation on the basis of type, application, geography, and others.
- Historical and future market research in terms of size, share, growth, volume and sales.
- Major changes and assessment in market dynamics and developments.
- Industry size and share analysis with industry growth and trends.
- Emerging key segments and regions
- Key business strategies by major market players and their key methods.
- The research report covers size, share, trends and growth analysis of the Automated Blood Tube Labeler and Specimen Transport Box Market on the global and regional levels.
Detailed TOC of Automated Blood Tube Labeler and Specimen Transport Box Market Report 2020-2024:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value chain analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
- Market outlook
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY Product Type
- Market segmentation by product
- Comparison by product
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- Asia – Market size and forecast 2019-2024
- ROW – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE
Name: Ajay More
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