PUBLISHER: The Business Research Company | PRODUCT CODE: 1539736
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539736
A micro tube box is a specialized storage container designed for securely holding and organizing microcentrifuge tubes used in laboratory settings. These boxes are essential for storing, transporting, and processing small liquid samples with precision and efficiency. They typically feature a grid layout with individual slots for each tube, ensuring easy identification, access, and stability. Made from durable materials, micro tube boxes are built to withstand various laboratory conditions.
The main types of micro tube boxes categorize them by their capacity, up to 50 tubes, 51 to 100 tubes, 100 to 150 tubes, and above 150 tubes. These boxes are integral within the laboratory and scientific research supply industry, catering to the storage needs of microcentrifuge tubes. They are constructed from various materials such as plastic, polyethylene, polycarbonate, polyethylene terephthalate (PET), polypropylene, paperboard, and others. Micro tube boxes serve diverse end-use industries including pharmaceuticals, biotechnology, research institutes, and diagnostic centers, supporting the safe handling and organization of samples.
The micro tube box market research report is one of a series of new reports from The Business Research Company that provides micro tube box market statistics, including micro tube box industry global market size, regional shares, competitors with a micro tube box market share, detailed micro tube box market segments, market trends and opportunities, and any further data you may need to thrive in the micro tube box industry. This micro tube box market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The micro tube box market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $1.96 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth during the historic period can be attributed to several factors, advancements in biotechnology, increased adoption of laboratory automation, adherence to regulatory compliance and quality control standards, the emergence of personalized medicine, and the global expansion of laboratory services.
The micro tube box market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecast period can be attributed to several factors, the expansion of genomic and proteomic research, increasing biobanking activities, advancements in cryogenic storage technology, growing utilization of molecular diagnostics, and a focus on sustainability and eco-friendly products. Major trends expected during this period include the adoption of advanced materials for construction, emphasis on ergonomic design for user comfort and efficiency, demand for sterilizable solutions to maintain cleanliness, implementation of digital tracking and management systems for enhanced efficiency, and a trend towards miniaturization and space-efficient storage solutions.
The microtube box market is set to expand driven by the increasing prevalence of diagnostic activities. These activities involve tests and procedures aimed at identifying and monitoring diseases, conditions, or injuries in patients. The demand for diagnostics is rising due to advancements in medical technology, a growing emphasis on preventive healthcare, and the need for early disease detection. Microtube boxes play a crucial role in diagnostic activities by securely storing and transporting small sample tubes, ensuring the preservation and containment of specimens during laboratory testing and analysis. For example, in May 2023, the UK's National Health Service (NHS) reported conducting 2,302,400 diagnostic tests in March 2023, reflecting a notable increase compared to the previous year. The number of patients awaiting key diagnostic tests also rose, highlighting the growing demand in this sector and its impact on the microtube box market.
Key players in the microtube box market are focusing on innovation to meet the evolving needs of diagnostic applications. They are developing advanced products such as tube systems, which are essential for delivering fluids, medications, or gases to patients, as well as for drainage and diagnostic purposes within the medical field. For instance, NuVasive Inc., a US-based medical devices company, introduced the NuVasive Tube System (NTS) and Excavation Micro in November 2022. These systems enhance surgical workflow by providing efficient, controlled positioning and optimized access, incorporating Advanced Materials Science and other cutting-edge technologies. The NTS and Excavation Micro solutions are designed to improve procedural efficiency, safety, and reproducibility, offering a comprehensive solution for medical professionals.
In May 2023, Calibre Scientific, a US-based provider of life science reagents, expanded its portfolio by acquiring a micromanipulation product portfolio from Eppendorf SE, a Germany-based manufacturer. This strategic acquisition strengthens Calibre Scientific's offerings in micromanipulation and microinjection instruments, complementing its existing life science solutions and enhancing its market position in the microtube box industry.
Major companies operating in the micro tube box market are Thermo Fisher Scientific Inc., Corning Incorporated, DKSH Holding Ltd., VWR International LLC, Thomas Scientific LLC, Chemglass Life Sciences LLC, Westlab Pty Ltd., Tarsons Products Limited, Neta Scientific Inc., The Starlab Group, Next Day Science Inc., Boekel Scientific, Abdos Labtech Private Limited, Analytical Sales and Services Inc., Scientific Industries Inc., Teklab Inc., Labnet International, Heathrow Scientific Inc., Lab Pro Inc., Research Products International Corp., Thistle Scientific Ltd., Boca Scientific Inc.
North America was the largest region in the micro tube box market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the micro tube box market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the micro tube box market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The micro tube box market consists of sales of cryogenic vial boxes, tube racks, centrifuge tube holders, sample transport boxes, and freezer boxes. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Micro Tube Box Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on micro tube box market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for micro tube box ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The micro tube box market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.