Blood Temperature Indicator Market Analysis and Forecast to 2031: By Material (Polypropylene, Polyethylene, Others), Threshold Temperature Range (Up to 20C, 20C to 40C, 50C to 70C, Above 70C), End User (Hospitals, Clinics, Blood Banks, Blood Collection Ce

Blood Temperature Indicator Market Analysis and Forecast to 2031: By Material (Polypropylene, Polyethylene, Others), Threshold Temperature Range (Up to 20C, 20C to 40C, 50C to 70C, Above 70C), End User (Hospitals, Clinics, Blood Banks, Blood Collection Centers, Diagnostic Lab, Others), and Region

Blood Temperature Indicator market was valued at USD 210 million in 2021 and it is anticipated to grow further till USD 600 million by 2031, at a CAGR of 11.1% during the forecast period.

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.
Global Blood Temperature Indicator Market Scope and Report Structure

Market Trends and Drivers
Due to rising smoking rates, exposure to dangerous chemicals like benzene, and radiation exposure, blood-related disorders like blood cancer, sickle cell disease, thrombocytopenia, and anemia are becoming more and more common all over the world. For instance, research by the Leukemia & Lymphoma Society predicted that in the United States, blood cancer will affect about 186,400 persons in 2021, or about 9.8% of all cancer cases.

There is a rapid increase in demand for blood and blood components for the treatment of these aforementioned disorders as a result of this expanding burden. The prevalence of such disorders is anticipated to drive up sales in the global market since blood temperature indicators are widely used in blood banks and blood collection sites to gauge blood temperature and check blood quality.
Market Restraints and Challenges
The usage of blood temperature indicators comes with a number of advantages. The market for blood temperature indicators is expanding, but it is being constrained by rising worries about the use of plastics and the existence of strict regulatory frameworks for the launch of novel medical items in significant regions.

Global Blood Temperature Indicator Market Segmental Overview
The report analyses the global blood temperature indicator market based on the material, threshold temperature range, end user, and region.

Global Blood Temperature Indicator Market by Material

Based on the material, it is segmented into polypropylene, polyethylene, and others. The polypropylene segment is anticipated to dominate the market during the forecast period. The healthcare sector is highly concerned about safety, and governmental authorities are constantly monitoring it. As a result, specialty clinics and healthcare facilities are increasingly using blood temperature indicators.

Global Blood Temperature Indicator Market by Threshold Temperature Range

Based on the threshold temperature range, it is segmented into Up to 2°C, 2°C to 4°C, 5°C to 7°C and Above 7°C. The Up to 2°C segment is anticipated to dominate the market during the forecast period. The key factors such as increasing incidences of road accidents and rise in blood transfusion activities is boosting the growth of the market.

Global Blood Temperature Indicator Market by End User

Based on the end user, it is segmented into hospitals, clinics, blood banks, blood collection centers, diagnostic lab, and others. The hospital end user segment is anticipated to dominate the market during the forecast period. The key factors such as increasing product launches coupled with advanced connectivity and multi-functional features are boosting the growth of the market.
Geographical Analysis of the Global Blood Temperature Indicator Market

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. The increase in blood transportation and donating owing to rise in awareness coupled with rising prevalence of various conditions like chronic diseases, surgeries trauma cases along with accuracy of blood temperature indicator are the most significant factors responsible for the market growth.
Major Players in the Global Blood Temperature Indicator Market
The key players studied in the report are Elitech, Thermo Fisher Scientific Inc., Sercalia, Ellab Group, Zebra Technologies Corporation, Lisaline Lifesciences Technologies, Stream Peak International PTE Ltd, 3M, Delta Trak Inc., and Time Strip UK Ltd among others.
COVID-19 Impact
In times of crisis, society encourages people to engage in a prosocial way to aid in crisis management. Indeed, after a calamity, people are more inclined to lend a hand. The COVID-19 pandemic, on the other hand, differs significantly since it is a persistent catastrophe that impacts everyone and has the ability to directly endanger anyone's health. Therefore, we suggest that the pandemic may potentially have a detrimental impact on willingness to contribute, particularly plans for blood donation. Beyond the current crisis, there must be a strong desire to donate blood because additional blood will be required when postponed surgeries are finally performed.
Recent Developments

January 2019, Zebra Technologies, an American provider of real-time monitoring solutions announced the acquisition of a manufacturer of temperature monitoring solutions.

Frequently Asked Questions
Q1. How big is the Blood Temperature Indicator market?

Ans. The global Blood Temperature Indicator market size was USD 210 million in 2021 and it is anticipated to grow further till USD 600 million by 2031, at a CAGR of 11.1% from 2022 to 2031.

Q2. What is the Blood Temperature Indicator market growth rate?

Ans. The growth rate of the Blood Temperature Indicator market is 11.1%.

Q3. Which region holds a major market share for the Blood Temperature Indicator market?

Ans. North America holds a major market share of the Blood Temperature Indicator market in 2021.

Q4. Which segment accounted for the largest Blood Temperature Indicator market share?

Ans. By end user, the hospitals segment accounted for the largest Blood Temperature Indicator market share.

Q5. Who are the key players in the Blood Temperature Indicator market?

Ans. The global Blood Temperature Indicator market report includes players such as Elitech, Thermo Fisher Scientific Inc., Sercalia, Ellab Group, Zebra Technologies Corporation, Lisaline Lifesciences Technologies, Stream Peak International PTE Ltd, 3M, Delta Trak Inc., and Time Strip UK Ltd among others.

Q6. What are the factors driving the Blood Temperature Indicator market growth?

Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.

Q7. What are the key growth strategies of Blood Temperature Indicator market players?

Ans. The key growth strategies of Blood Temperature Indicator market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Blood Temperature Indicator market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Blood Temperature Indicator market during the forecast period.

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