[250 Pages Report] The global blood temperature indicator market size reach US$ 210 Mn in 2021. The sales of blood temperature indicators are estimated to total US$ 235 Mn by 2022, increasing at an impressive CAGR of nearly 12% to 13% during the assessment period 2022-2032.
Driven by the growing emphasis on the development of more precise and accurate medical temperature assessing devices, the demand for blood temperature indicators is expected to exceed US$ 600 Mn by the end of 2032.
| Report Attribute | Details |
|---|---|
| Blood Temperature Indicator Market Base Year Value (2021) | US$ 210 Million |
| Blood Temperature Indicator Market Expected Value (2022) | US$ 235 Million |
| Blood Temperature Indicator Market Anticipated Value (2032) | US$ 600 Million |
| Blood Temperature Indicator Market Projected Growth Rate (2022-2032) | 12% to 13% CAGR |
Blood temperature indicators are medical devices that are directly attached to blood bags for real-time measurement of temperature during storage, handling, and transportation operations. The demand for these devices is rapidly increasing across the medical & healthcare sector, owing to their ability to ensure consistent analysis & recording of blood temperature.
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The prevalence of blood-related diseases such as blood cancer, sickle cell disease, thrombocytopenia, and anemia among others is rapidly increasing across the globe, due to increasing smoking, exposure to hazardous chemicals such as benzene, and radiation exposure.
For instance, according to a study by the Leukemia & Lymphoma Society, around 9.8% of the total cancer cases, or nearly 186,400 people across the U.S. were estimated to be diagnosed with blood cancer in the year 2021.
Due to this growing burden, there is a swift rise in demand for blood and blood components for the treatment of these above-mentioned diseases. As blood temperature indicators are extensively used across blood banks and blood collection centers for assessing the temperature of the blood and determining the blood quality, increasing burden of such diseases is projected to bolster the sales in the global market.
There are a number of benefits associated with the use of blood temperature indicators. However, growing concerns regarding the use of plastics and presence of a stringent regulatory framework for introduction of novel medical products across prominent regions is hampering the growth in the blood temperature indicators market.
Principal Consultant
Future Market Insights reveals that North America is estimated to emerge as the most lucrative market for blood temperature indicators from 2022 to 2032.
With growing focus on preserving the appropriate temperature of blood bags during storage & transportation for maintaining the quality of blood, the demand for blood temperature indicators is swiftly increasing. Hence, prominent manufacturers are focusing on adoption merger & acquisition strategies to expand their product portfolio for capitalizing on the increasing demand.
For instance, in 2019, Zebra Technologies, an American provider of real-time monitoring solutions announced the acquisition of a manufacturer of temperature monitoring solutions, Temptime Corporation, for expanding its product portfolio of medial temperature indicating devices. Such developments are expected to facilitate the growth in the North America market.
South Asia is expected to account for a significant share in the global blood temperature indicators market during the forecast period 2022-2032, states FMI.
As the incidence of road accidents and burden of blood-related diseases continues to rise, a substantial increase blood transfusion activities is being witnessed across Asia Pacific. This is creating strong demand for blood & blood components, and associated medical devices.
For instance, according to the Friends2support Organization, approximately 50 Mn units of blood are needed every year and around 30 Mn units of blood components are transfused each year across India. Since blood temperature indicators are used on almost every blood bag, growing demand for blood is projected to favor the growth in the South Asia market.
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Some of the leading players in the blood temperature indicator market are Temptime Corporation, Zebra Technologies, Elitech, Timestrip UK Ltd., Hanwell Solutions Ltd., Lisaline Lifescience Technologies Pvt. Ltd., and others.
Attributed to the increasing product launches with advanced connectivity and multi-functional features and growing adoption of merger & acquisition strategies, the market is highly competitive.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 12% to 13% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the sales of blood temperature indicator in the market is expected to rise at 12% to 13% value CAGR by 2032
The global blood temperature indicator market is expected to be dominated by North America the forecast period 2022-2032.
Temptime Corporation, Zebra Technologies, Elitech, Timestrip UK Ltd., Hanwell Solutions Ltd., Lisaline Lifescience Technologies Pvt. Ltd., and others are some of the leading players in the prominent blood temperature indicator market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Blood Temperature Indicator Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By Material 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Material, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Material, 2022-2032 5.3.1. Polypropylene 5.3.2. Polyethylene 5.3.3. Other Materials 5.4. Y-o-Y Growth Trend Analysis By Material, 2017-2021 5.5. Absolute $ Opportunity Analysis By Material, 2022-2032 6. Global Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By Threshold Temperature Range 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Threshold Temperature Range, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Threshold Temperature Range, 2022-2032 6.3.1. Up to 2°C 6.3.2. 2°C to 4°C 6.3.3. 5°C to 7°C 6.3.4. Above 7°C 6.4. Y-o-Y Growth Trend Analysis By Threshold Temperature Range, 2017-2021 6.5. Absolute $ Opportunity Analysis By Threshold Temperature Range, 2022-2032 7. Global Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End Use, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End Use, 2022-2032 7.3.1. Hospitals 7.3.2. Clinics 7.3.3. Blood Banks 7.3.4. Blood Collection Centers 7.3.5. Diagnostics Labs 7.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021 7.5. Absolute $ Opportunity Analysis By End Use, 2022-2032 8. Global Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia & Pacific 8.3.6. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Material 9.2.3. By Threshold Temperature Range 9.2.4. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Material 9.3.3. By Threshold Temperature Range 9.3.4. By End Use 9.4. Key Takeaways 10. Latin America Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Mexico 10.2.1.2. Brazil 10.2.1.3. Rest of Latin America 10.2.2. By Material 10.2.3. By Threshold Temperature Range 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material 10.3.3. By Threshold Temperature Range 10.3.4. By End Use 10.4. Key Takeaways 11. Europe Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. U.K. 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Russia 11.2.1.8. Rest of Europe 11.2.2. By Material 11.2.3. By Threshold Temperature Range 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material 11.3.3. By Threshold Temperature Range 11.3.4. By End Use 11.4. Key Takeaways 12. East Asia Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Material 12.2.3. By Threshold Temperature Range 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material 12.3.3. By Threshold Temperature Range 12.3.4. By End Use 12.4. Key Takeaways 13. South Asia & Pacific Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. ASEAN 13.2.1.3. Australia and New Zealand 13.2.1.4. Rest of South Asia & Pacific 13.2.2. By Material 13.2.3. By Threshold Temperature Range 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Material 13.3.3. By Threshold Temperature Range 13.3.4. By End Use 13.4. Key Takeaways 14. MEA Blood Temperature Indicator Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. Turkey 14.2.1.3. South Africa 14.2.1.4. Rest of MEA 14.2.2. By Material 14.2.3. By Threshold Temperature Range 14.2.4. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Material 14.3.3. By Threshold Temperature Range 14.3.4. By End Use 14.4. Key Takeaways 15. Key Countries Blood Temperature Indicator Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Material 15.1.2.2. By Threshold Temperature Range 15.1.2.3. By End Use 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Material 15.2.2.2. By Threshold Temperature Range 15.2.2.3. By End Use 15.3. Mexico 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Material 15.3.2.2. By Threshold Temperature Range 15.3.2.3. By End Use 15.4. Brazil 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Material 15.4.2.2. By Threshold Temperature Range 15.4.2.3. By End Use 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Material 15.5.2.2. By Threshold Temperature Range 15.5.2.3. By End Use 15.6. Italy 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Material 15.6.2.2. By Threshold Temperature Range 15.6.2.3. By End Use 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Material 15.7.2.2. By Threshold Temperature Range 15.7.2.3. By End Use 15.8. U.K. 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Material 15.8.2.2. By Threshold Temperature Range 15.8.2.3. By End Use 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Material 15.9.2.2. By Threshold Temperature Range 15.9.2.3. By End Use 15.10. BENELUX 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Material 15.10.2.2. By Threshold Temperature Range 15.10.2.3. By End Use 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Material 15.11.2.2. By Threshold Temperature Range 15.11.2.3. By End Use 15.12. China 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Material 15.12.2.2. By Threshold Temperature Range 15.12.2.3. By End Use 15.13. Japan 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Material 15.13.2.2. By Threshold Temperature Range 15.13.2.3. By End Use 15.14. South Korea 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Material 15.14.2.2. By Threshold Temperature Range 15.14.2.3. By End Use 15.15. India 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Material 15.15.2.2. By Threshold Temperature Range 15.15.2.3. By End Use 15.16. ASEAN 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Material 15.16.2.2. By Threshold Temperature Range 15.16.2.3. By End Use 15.17. Australia and New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Material 15.17.2.2. By Threshold Temperature Range 15.17.2.3. By End Use 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Material 15.18.2.2. By Threshold Temperature Range 15.18.2.3. By End Use 15.19. Turkey 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Material 15.19.2.2. By Threshold Temperature Range 15.19.2.3. By End Use 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Material 15.20.2.2. By Threshold Temperature Range 15.20.2.3. By End Use 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Material 16.3.3. By Threshold Temperature Range 16.3.4. By End Use 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Temptime Corporation 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Elitech 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Timestrip UK Ltd. 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Hanwell Solutions Ltd. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Lisaline Lifescience Technologies Pvt. Ltd. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Thermo Fisher Scientific Inc. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Stream Peak International Pte Ltd. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Blood Temperature Indicator Market
