Press release
The Automatic Tube Labelling System Market to foray into digital innovation, witnessing a CAGR of 4.6%
The Automatic Tube Labelling System is a type of labeling machine that is used to automatically label tubes with different types of information such as date, time, batch number, barcodes, and product codes. These systems are widely used in industries such as pharmaceuticals, food and beverage, chemical, and healthcare to ensure accuracy and efficiency in labeling tubes. The demand for automatic tube labeling systems is increasing as they provide a faster and more accurate labeling solution compared to manual labeling systems.
The market is segmented on the basis of product type, end-user industry, and geography. Based on product type, the market is segmented into stand-alone systems, integrated systems, and portable systems. The stand-alone systems segment is expected to hold the largest market share due to their wide range of applications and high efficiency.
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Based on end-user industry, the market is segmented into pharmaceuticals, food and beverage, chemical, healthcare, and others. The pharmaceuticals segment is expected to hold the largest market share due to the increasing demand for automatic labeling solutions for vials and test tubes.
Company Profile
Computype Inc.
PaR Systems, Inc.
AutoLabe
Scinomix Inc.
ALTECH Srl
Brooks Automation, Inc.
BioMicroLab Inc.
California Advanced Labeling, Inc.
HTI bio-X GmbH
Capmatic Ltd.
Others.
The automatic tube labeling system market is expected to witness significant growth during the forecast period of 2018-2026. The increasing demand for accurate and efficient labeling solutions in industries such as pharmaceuticals, food and beverage, chemical, and healthcare is driving the growth of the market. The market is highly competitive, and the key players are focusing on product innovation and strategic collaborations to expand their market presence.
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Increased Regulatory Compliance to Boost Demand for Automatic Tube Labeling Systems
Blood banks, laboratories, and life sciences R&D centers especially in the U.S are mandated to adhere to international standards and guidelines pertaining to the labeling of samples. Pharmaceutical companies for instance, need to follow stringent labeling requirements for product specific labels and barcode standards for specimen shipping and logistics.
Incorporation of barcode labeling eliminates the chances of human error in specimen labeling. These stringent regulations pertaining to labeling specimen tubes are acting in favor of the global market for automatic tube labeling, boosting adoption and subsequently revenue growth.
Laboratory Automation to Drive Adoption of Automatic Tube Labeling Systems
Automation continues to pervade clinical laboratories and research centers that are leveraging technology and digitization to reduce the turnaround time in lab test results, improve results accuracy, and maximize staff productivity - consequently achieving cost savings.
Further, lack of a skilled workforce in medical laboratories has placed the onus on automatic solutions as a viable and more efficient alternative to manual labor. Labs are deploying advanced instruments and devices, software and tools, and process methodologies to achieve faster and more accurate test results. This increased dependency and shift towards automation is expected to bode well for the growth of the automatic tube labeling system market.
Automation in New Drug Development R&D to Further Fuel Revenue Growth of the Global Automatic Tube Labeling System Market
With the increasing incidence of chronic and life-threatening diseases across the world, pharmaceutical companies are pumping in R&D investments in new drug development to address the growing needs of patients. Automation plays a key role in new drug development, as it allows for enhanced speed, accuracy, and efficiency.
Experts engaged in new drug R&D activities leverage automation to eliminate cumbersome time and labor intensive tasks such as manual data entry and tubing management. This increased focus on automation in new drug development processes is expected to boost revenue growth of the global automatic tube labeling system market in the near future.
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