Blood Temperature Indicator Market Size to Expand At 11.1% CAGR Through by 2031

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.

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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.

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.

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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.

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Global Blood Temperature Indicator Market Segmentation

By Material

Polypropylene
Polyethylene
Others

By Threshold Temperature Range

Up to 2°C
2°C to 4°C
5°C to 7°C
Above 7°C

By End User

Hospitals
Clinics
Blood Banks
Blood Collection Centers
Diagnostic Lab
Others

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This release was published on openPR.