Report : Europe Blood Temperature Indicator Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (2°C to 4°C, 5°C to 7°C, and above 7°C), and End-User (Hospitals, Blood Banks, and Others)
2°C to 4°C Segment to Dominate Europe Blood Temperature Indicator market forecast to 2028 during 2019–2028
According to Business Market Insights’ research, the Europe Blood Temperature Indicator market was valued at US$ 94.31 million in 2021 and is expected to reach US$ 150.35 million by 2028, registering an annual growth rate of 12.6% from 2021 to 2028. The report provides trends prevailing in the Europe Blood Temperature Indicator market along with the drivers and restraints pertaining to the market growth. Accuracy of blood temperature indicators is the major factor driving the growth of the Europe Blood Temperature Indicator market.
The accuracy of blood temperature indicators helps in easy and effective transportation of blood and its components, further eliminating viability testing. These indicators play an important role in the blood cold chain by ensuring the correct temperature during storage and transportation. The indicators are specially designed to notify the breach of blood temperatures by changing color, light-emitting diodes (LEDs), or via an alarm. The increasing demand for blood supply and prioritizing safety create demand for blood temperature indicators.
Nowadays, blood banks are opting for irreversible blood temperature indicators, which assist blood banks and storage units to receive return blood from hospitals without any second thought. These indicators display the storage condition of blood during transportation which determine the viability and allows the later use by re-issuing the same blood to another patient. Furthermore, blood waste prevention and the rising demand for effective transportation and storage of blood and its components create demand for the blood temperature indicator market. Additionally, the increasing adoption of single-use and irreversible indicators is expected to contribute to market growth. Furthermore, the use of near field technology (NFC) and phase change technology increases the accuracy of indicators that drive the market growth. However, issues associated with increasing incidence of false results to Blood Temperature Indicator the growth of Europe Blood Temperature Indicator market.
Based on product type the Europe Blood Temperature Indicator market is segmented into 2°C to 4°C, 5°C to 7°C, and above 7°C. The 2°C to 4°C segment held 45.2% market share in 2021, amassing US$ 27.86 million. It is projected to garner US$ 69.80 million by 2028 to expand at 13.1% CAGR during 2021–2028.
Based on end-user the Europe Blood Temperature Indicator market segmented into hospitals, blood banks, and others. The hospitals segment held 42.6% market share in 2021, amassing US$ 27.86 million. It is projected to garner US$ 65.94 million by 2028 to expand at 13.7% CAGR during 2021–2028.
Based on country, the Europe Blood Temperature Indicator market segmented into Germany, France, UK,
Italy, Spain and Rest of Europe. Our regional analysis states that Germany captured 21.76% market share in 2021. It was assessed at US$ 14.23 million in 2021 and is likely to hit US$ 34.42 million by 2028, exhibiting a CAGR of 13.4% during the forecast period. .
Key players dominating the blood temperature indicator market are Elitech, THERMO FISHER SCIENTIFIC INC, Sercalia, Ellab Group, Zebra Technologies Corporation, 3M, Deltatrak Inc and Timestrip UK LTD are among the leading companies in the Europe Blood Temperature Indicator market.
The Europe Blood Temperature Indicator market, By Country, 2021 and 2028 (%)
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