Asia Pacific Blood Temperature Indicator Market Forecast to 2028 – COVID

Asia Pacific 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)

Report Code : BMIRE00025590 | Region : Asia Pacific | Industry : Medical Device | Published Date : 10/Aug/2022

The Asia Pacific blood temperature indicator market is expected to reach US$ 90.23 million by 2028 from US$ 37.46 million in 2021; it is estimated to grow at a CAGR of 13.4% from 2021 to 2028.

The trends in the healthcare industry are changing drastically with constant development in technology and innovation, enhancing services of healthcare and quality of care. Various market players are operating and striving hard to acquire the largest market share. Market players are constantly working to develop advanced, effective, and accurate blood temperature indicators. For instance, TimeStrip, a provider of smart indicator technology, launched two new electronic temperature indicators. These indicators help monitor the safe transportation and storage of various products, including pharmaceuticals, vaccines, and healthcare items. The intelligent device monitors temperature data every minute with high accuracy. The standard temperature is 2-8ºC, but it offers wide temperature range as low as -30ºC or as high as 60ºC.

Furthermore, rising demand for real-time monitoring and increasing use of sensors, NFC, the Internet of Things, and other technologies in blood temperature indicators are expected to support the market growth. Additionally, there is a rising demand for smart indicators and increasing integration of various software and cloud-based monitoring to ensure the proper storage and transportation of blood and its components. Moreover, increasing use of digital technology and LEDs for better display and rising number of technological advancements and product developments are expected to propel the Asia Pacific blood temperature indicator market growth during the forecast period. The market is expected to grow at a good CAGR during the forecast period.

Asia Pacific Blood Temperature Indicator Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Blood Temperature Indicator Market Segmentation

The Asia Pacific blood temperature indicator market is segmented on the basis of product type, end-user, and country. Based on product type, the 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 dominated the market in 2021. Based on end-user, the Asia Pacific blood temperature indicator market is segmented into hospitals, blood banks, and others. The hospitals segment dominated the market in 2021. Based on country, the Asia Pacific blood temperature indicator market segmented into China, Japan, India, South Korea, Australia and Rest of Asia Pacific. The China is dominated the Asia Pacific blood temperature indicator market in 2021.

THERMO FISHER SCIENTIFIC INC, Ellab Group, Stream Peak International PTE Ltd, Zebra Technologies Corportion, Lisaline Lifesciences Techonologies, 3M, and Deltatrak Inc. are among the leading companies in the Asia Pacific blood temperature indicator market.

2°C to 4°C Segment to Dominate Asia Pacific Blood Temperature Indicator market forecast to 2028 during 2019–2028

According to The Insight Partners’ research, the Asia Pacific Blood Temperature Indicator market was valued at US$ 37.46 million in 2021 and is expected to reach US$ 90.23 million by 2028, registering an annual growth rate of 13.4% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific Blood Temperature Indicator market along with the drivers and restraints pertaining to the market growth. Increase in blood transfusion and donation is the major factor driving the growth of the Asia Pacific Blood Temperature Indicator market.

Over time, various government and non-government organizations create awareness among people regarding blood donation to fulfill the increasing demand for blood. Increase in blood demand has led to the development of efficient blood cold chain to ensure safe and efficient blood transportation. These indicators are available in the form of stickers applied to blood bags and activated for constant monitoring. Different technologies are used in these indicators that allow effective storage and transportation and avoid the wastage of blood and its components. Moreover, a surge in blood banks and increasing awareness regarding blood temperature indicators are expected to create ample opportunities.

Furthermore, increasing demand for effective blood cold chains in developing economies to reduce blood waste is expected to create ample opportunities over the forecast period. As per Print India, every year around 6.5 lakhs units of blood and blood components are wasted in India and cannot be used for transfusion. The increasing demand for blood supply has created the need for an efficient blood cold chain in developing economies, leading to the high adoption rate of blood temperature indicators and expected to create ample opportunities in the market.

However, issues associated with increasing incidence of false results to Blood Temperature Indicator the growth of Asia Pacific Blood Temperature Indicator market.

Based on product type the Asia Pacific 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 45.5% market share in 2021, amassing US$ 17.04 million. It is projected to garner US$ 42.12 million by 2028 to expand at 13.8% CAGR during 2021–2028.

Based on end-user the Asia Pacific Blood Temperature Indicator market segmented into hospitals, blood banks, and others. The hospitals segment held 41.7% market share in 2021, amassing US$ 15.63 million. It is projected to garner US$ 38.76 million by 2028 to expand at 13.9% CAGR during 2021–2028.

Based on country, the Asia Pacific Blood Temperature Indicator market segmented into China, Japan, India, South Korea, Australia and Rest of Asia Pacific. Our regional analysis states that China captured 26.30% market share in 2021. It was assessed at US$ 9.85 million in 2021 and is likely to hit US$ 24.46 million by 2028, exhibiting a CAGR of 13.9% during the forecast period. .

Key players dominating the Blood Temperature Indicator market are Elitech, THERMO FISHER SCIENTIFIC INC,Sercalia, Ellab Group, Zebra Technologies Corportion, 3M, Deltatrak Inc and Timestrip Uk LTD are among the leading companies in the Asia Pacific Blood Temperature Indicator market.

The Asia Pacific Blood Temperature Indicator market, By Country, 2021 and 2028 (%)

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Blood Temperature Indicator Market – By Product Type

1.3.2 APAC Blood Temperature Indicator Market – By End User

1.3.3 APAC Blood Temperature Indicator Market – By Country

2. Blood Temperature Indicator Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Blood Temperature Indicator Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Asia Pacific– PEST Analysis

4.3 Expert Opinion

5. APAC Blood Temperature Indicator Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in Blood Transfusion and Donation

5.1.2 Accuracy of Blood Temperature Indicators

5.2 Market Restraints

5.2.1 Increasing Incidence of False Results

5.3 Market Opportunities

5.3.1 Increasing Awareness about Blood Temperature Indicators

5.4 Future Trends

5.4.1 Technological Advancements

5.5 Impact analysis

6. Blood Temperature Indicator Market– APAC Analysis

6.1 APAC Blood Temperature Indicator Market Revenue Forecast and Analysis

7. APAC Blood Temperature Indicator Market Analysis – By Product Type

7.1 Overview

7.2 Blood Temperature Indicator Market Revenue Share, by Product Type (2021 and 2028)

7.3 2°C to 4°C

7.3.1 Overview

7.3.2 2°C to 4°C: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ Million)

7.4 5°C to 7°C

7.4.1 Overview

7.4.2 5°C to 7°C: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Above 7°C

7.5.1 Overview

7.5.2 Above 7°C: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ Million)

8. APAC Blood Temperature Indicator Market Analysis – By End User

8.1 Overview

8.2 Blood Temperature Indicator: Market Share, by End User, 2021 and 2028, (%)

8.3 Blood Banks

8.3.1 Overview

8.3.2 Blood Banks: Blood Temperature Indicator Market, Revenue and Forecast to 2028 (US$ Million)

8.4 Hospitals

8.4.1 Overview

8.4.2 Hospitals: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (USD Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: Blood Temperature Indicator Market, Revenue and Forecast to 2028 (US$ Million)

9. APAC Blood Temperature Indicator Market – Country Analysis

9.1 Asia Pacific: Blood Temperature Indicator Market

9.1.1 Overview

9.1.2 Asia Pacific: Blood Temperature Indicator Market, by Country, 2021 & 2028 (%)

9.1.2.1 Japan: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.1.1 Japan: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.1.2 Japan: Blood Temperature Indicator Market, by Product Type, 2019–2028 (US$ ‘Million)

9.1.2.1.3 Japan: Blood Temperature Indicator Market, by End User, 2019–2028 (US$ ‘Million)

9.1.2.2 China: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.2.1 China: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.2.2 China: Blood Temperature Indicator Market, by Product Type, 2019–2028 (US$ ‘Million)

9.1.2.2.3 China: Blood Temperature Indicator Market, by End User, 2019–2028 (US$ ‘Million)

9.1.2.3 India: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.3.1 India: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.3.2 India: Blood Temperature Indicator Market, by Product Type, 2019–2028 (US$ ‘Million)

9.1.2.3.3 India: Blood Temperature Indicator Market, by End User, 2019–2028 (US$ ‘Million)

9.1.2.4 Australia: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.4.1 Australia: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.4.2 Australia: Blood Temperature Indicator Market, by Product Type, 2019–2028 (US$ ‘Million)

9.1.2.4.3 Australia: Blood Temperature Indicator Market, by End User, 2019–2028 (US$ ‘Million)

9.1.2.5 South Korea: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.5.1 South Korea: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.5.2 South Korea: Blood Temperature Indicator Market, by Product Type, 2019–2028 (US$ ‘Million)

9.1.2.5.3 South Korea: Blood Temperature Indicator Market, by End User, 2019–2028 (US$ ‘Million)

9.1.2.6 Rest of Asia Pacific: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.6.1 Rest of Asia Pacific: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

9.1.2.6.2 Rest of Asia Pacific: Blood Temperature Indicator Market, by Product Type, 2019–2028 (US$ ‘Million)

9.1.2.6.3 Rest of Asia Pacific: Blood Temperature Indicator Market, by End User, 2019–2028 (US$ ‘Million)

10. APAC Blood Temperature Indicator Market–Industry Landscape

10.1 Overview

10.2 Organic Developments

10.2.1 Overview

10.3 Inorganic Developments

10.3.1 Overview

11. Company Profiles

11.1 THERMO FISHER SCIENTIFIC INC.

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Ellab Group

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Zebra Technologies Corporation

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Lisaline Lifesciences Technologies

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Stream Peak International PTE Ltd

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 3M

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Deltatrak Inc.

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1.             Japan: Blood Temperature Indicator Market, by Product Type – Revenue and Forecast to 2028 (US$ ‘Million)

Table 2.             Japan: Blood Temperature Indicator Market, by End User – Revenue and Forecast to 2028 (US$ ‘Million)

Table 3.             China: Blood Temperature Indicator Market, by Product Type – Revenue and Forecast to 2028 (US$ ‘Million)

Table 4.             China: Blood Temperature Indicator Market, by End User – Revenue and Forecast to 2028 (US$ ‘Million)

Table 5.             India: Blood Temperature Indicator Market, by Product Type – Revenue and Forecast to 2028 (US$ ‘Million)

Table 6.             India: Blood Temperature Indicator Market, by End User – Revenue and Forecast to 2028 (US$ ‘Million)

Table 7.             Australia: Blood Temperature Indicator Market, by Product Type – Revenue and Forecast to 2028 (US$ ‘Million)

Table 8.             Australia: Blood Temperature Indicator Market, by End User – Revenue and Forecast to 2028 (US$ ‘Million)

Table 9.             South Korea: Blood Temperature Indicator Market, by Product Type – Revenue and Forecast to 2028 (US$ ‘Million)

Table 10.          South Korea: Blood Temperature Indicator Market, by End User – Revenue and Forecast to 2028 (US$ ‘Million)

Table 11.          Rest of Asia Pacific: Blood Temperature Indicator Market, by Product Type – Revenue and Forecast to 2028 (US$ ‘Million)

Table 12.          Rest of Asia Pacific: Blood Temperature Indicator Market, by End User – Revenue and Forecast to 2028 (US$ ‘Million)

Table 13.          Organic Developments Done by Companies

Table 14.          Inorganic Developments Done by Companies

Table 15.          Glossary of Terms, Blood Temperature Indicator Market

LIST OF FIGURES.

Figure 1.           APAC Blood Temperature Indicator Market Segmentation

Figure 2.           APAC Blood Temperature Indicator Segmentation, By Country

Figure 3.           APAC Blood Temperature Indicator Market Overview

Figure 4.           APAC Blood Temperature Indicator Market, By Product Type

Figure 5.           Asia-Pacific Blood Temperature Indicator Market, By Country

Figure 6.           Asia Pacific PEST Analysis

Figure 7.           APAC Expert Opinion

Figure 8.           APAC Blood Temperature Indicator Market Impact Analysis of Driver and Restraints

Figure 9.           APAC Blood Temperature Indicator Market– Revenue Forecast and Analysis – 2020- 2028

Figure 10.        APAC Blood Temperature Indicator Market Revenue Share, by Product Type (2021 and 2028)

Figure 11.        APAC Product Type: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (USD Million)

Figure 12.        APAC 5°C to 7°C: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        APAC Above 7°C: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        APAC Blood Temperature Indicator: Market Share, by End User, 2021 and 2028 (%)

Figure 15.        APAC Blood Banks: Blood Temperature Indicator Market, Revenue and Forecast to 2028 (US$ Million)

Figure 16.        APAC Hospitals: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (USD Million)

Figure 17.        APAC Others: Blood Temperature Indicator Market, Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Asia Pacific: Blood Temperature Indicator Market, by Key Country – Revenue (2021) (US$ ‘Million)

Figure 19.        Asia Pacific: Blood Temperature Indicator Market, by Country, 2021 & 2028 (%)

Figure 20.        Japan: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

Figure 21.        China: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

Figure 22.        India: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

Figure 23.        APAC Australia: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

Figure 24.        South Korea: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

Figure 25.        Rest of Asia Pacific: Blood Temperature Indicator Market – Revenue and Forecast to 2028 (US$ ‘Million)

The List of Companies - Asia Pacific Blood Temperature Indicator Market

● Elitech.

● THERMO FISHER SCIENTIFIC INC.

● Sercalia.

● Ellab Group.

● Zebra Technologies Corportion.

● Lisaline Lifesciences Techonologies.

● Stream Peak International PTE Ltd.

● 3M.

● Deltatrak Inc.

● Timestrip Uk LTD.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Blood Temperature Indicator market forecast.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Blood Temperature Indicator market forecast, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the blood temperature indicator, as well as those hindering it.

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

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