According to our new research study on "Blood Temperature Indicator Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type and End User," the market is expected to grow from US$ 216.05 million in 2021 to US$ 504.37 million by 2028; it is estimated to grow at a CAGR of 12.9% from 2021 to 2028. The report highlights trends prevailing in the market and factors driving the blood temperature indicator market growth. An increase in blood transfusion and blood donation and the accuracy of blood temperature indicators are expected to boost the overall blood temperature indicator market revenue during the forecast period. However, the increasing incidence of false results limits the market growth.
Blood temperature indicators are small medical devices or solutions that help increase blood safety by effectively and efficiently transporting blood and blood components. These indicators provide auditable proof that blood is stored and transported as per regulatory standards, which further reduces blood waste.
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Blood Temperature Indicators are small medical devices or solutions which helps in increasing the blood safety and allows effective and efficient transportation of blood and its components. These indicators provide auditable proof that blood is stored and transported as per regulatory standards this further reduces blood waste.
The blood temperature indicator market is majorly comprised of top players involving Elitech; Thermo Fisher Scientific Inc.; Ellab Group; Zebra Technologies Corporation; LisaLine Lifesciences Technologies; Stream Peak International Pte Ltd.; 3M; TimeStrip UK Ltd.
The companies listed above are implementing various strategies that have resulted in the growth of the company and in turn, have brought about various changes in the worldwide market. Additionally, the companies have adopted several inorganic and organic strategies for accelerating their growth and improving their market position.
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The report segments the blood temperature indicator market as follows:
The blood temperature indicator market is segmented on the basis of product type, end user, and geography. Based on product type, the market is segmented into 2°C to 4°C, 5°C to 7°C, and above 7°C. Based on end user, the market is segmented into hospitals, blood banks, and others. By geography, the global blood temperature indicator market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of SAM).
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