Title: Blood Temperature Indicator Market
1Blood Temperature Indicator Market
Blood Temperature Indicator Market Forecast to
2028 - COVID-19 Impact and Global Analysis By
Product Type (2C to 4C, 5C to 7C, and Above
7C) and End User (Hospitals, Blood Banks, and
Others)
2Current and future Market Scenario
Blood Temperature Indicator Market
- 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 blood
temperature indicator market growth is attributed
to the accuracy of blood temperature indicators
and the rising blood transfusion and donations.
- North America accounted for a significant market
share in the blood temperature indicator market.
The growth of the market in countries such as the
US and Canada is driven by factors, including the
high prevalence rate of chronic conditions, such
as cancer and sickle cell anemia, and the surge
in surgical and trauma cases. Moreover, the rise
in blood banks and blood donation has created the
demand for cold chains for blood to ensure its
effective storage and transportation to avoid
wastage, fueling the need for blood temperature
indicators.
3Key Findings
- Increase in Blood Transfusion and Donation
Fuelling Blood Temperature Indicator Market
Growth -
- Blood transfusion is one of the commonly used
procedures in healthcare, which helps maintain
the blood level of patients. There are various
chronic conditions, surgical procedures, and
trauma cases that require blood transfusion so
that patients can survive without any side
effects due to low blood levels. Medical
conditions, including thalassemia, blood cancer,
sickle cell anemia, anemia, and surgical and
trauma cases, lead to blood loss and require a
blood transfusion. According to the American Red
Cross organization, 16 million blood components
are transfused each year in the US. Further,
sickle cell anemia affects 90,000-100,000 people
in the US 1,000 babies are born with this
disease each year. Thus, the increasing
prevalence of chronic diseases has created the
demand for blood transfusion, which is expected
to propel the growth of the blood temperature
indicator market. -
- Various government and non-government
organizations create awareness among people
regarding blood donation to fulfill the
increasing demand for blood. In association with
World Health Organization, the Pan American
Health Organization conducts a blood donation
campaign on 14 June every year, celebrated as
world blood donor day. Therefore, high public
awareness led to increased blood donation
globally. As per WHO, in 2020, 118.4 million
blood donations were collected globally.
Furthermore, 40 were collected in high-income
countries, home to 16 of the worlds
population. Thus, increasing blood transfusion,
blood donation, and rising demand for safe
transportation of blood and its component creates
demand for blood temperature indicators, which
drives the market growth
4Market Segments
Blood Temperature Indicator Market
- By Product Type
- 2C to 4C,
- 5C to 7C,
- Above 7C
By Geography North America Europe Asia Pacific
(APAC) Others
- End User
- Hospitals,
- Blood Banks, and
- Others
5Dominating Segments
- Based on product type, the blood temperature
indicator market is segmented into 2C to 4C,
5C to 7C, and above 7C. Based on end user, the
blood temperature indicator market is segmented
into hospitals, blood banks, and others. Based on
geography, the 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). - Impact of COVID-19 Pandemic on Blood Temperature
Indicator Market - During the initial surge in the COVID-19
pandemic, healthcare systems in the US quickly
adapted to reduce disease transmission and
reserve capacity for the infected patients.
Although elective and non-urgent procedures were
initially required to be delayed, prolonged
delays or cancellations could have led to other
public health crises due to preventable chronic
diseases. To prevent the spread of SARS-CoV-2,
the government has restricted blood donation
until further notice and imposed safety measures.
Moreover, the closing of production units and
disruption in the supply chain has hampered the
blood temperature indicator market RS1 PS2
growth. - Download PDF Brochure - https//www.theinsightpart
ners.com/sample/TIPRE00008207/
6Leading Players
Blood Temperature Indicator Market
Company Profiles in Blood Temperature Indicator
Market are Elitech Thermo Fisher Scientific
Inc. Sercalia Ellab Group Zebra Technologies
Corporation Lisaline Lifesciences
Technologies Stream Peak International PTE
Ltd 3M DeltaTrak Inc TimeStrip UK Ltd
7 REGIONAL FRAMEWORK
REGIONAL FRAMEWORK
8 Blood Temperature Indicator Market
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emperature-indicator-market
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