[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
