Micro Tube Box Market Overview 2024-2033: Share, Size, Insights, Forecast

Global micro tube box market size is expected to reach $2.39 billion by 2028 at a rate of 5.1%, segmented as by type, up to 50 tubes, 51 to 100 tubes, 100 to 150 tubes, above 150 tubes

Sep 3, 2024 - 16:02

Micro Tube Box Market Overview 2024-2033: Share, Size, Insights, Forecast

Overview and Scope

A micro tube box is a specialized storage container designed to securely hold and organize microcentrifuge tubes commonly used in laboratory settings for the storage, transport, and processing of small liquid samples. These boxes often feature a grid layout with individual slots for each tube, ensuring easy identification, access, and stability, and are typically made from durable materials to withstand various laboratory conditions.

Sizing and Forecast

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 in the historic period can be attributed to advancements in biotechnology, an increase in laboratory automation, regulatory compliance, and quality control, the rise 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 growth in the forecast period can be attributed to the expansion of genomic and proteomic research, increasing biobanking activities, advances in cryogenic storage, growing use of molecular diagnostics, sustainability, and eco-friendly products. Major trends in the forecast period include the adoption of advanced materials, focus on ergonomic design, demand for sterilizable solutions, digital tracking and management, and miniaturization and space efficiency.

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Segmentation & Regional Insights

The micro tube box market covered in this report is segmented –

1) By Type: Up To 50 Tubes, 51 To 100 Tubes, 100 To 150 Tubes, Above 150 Tubes

2) By Material: Plastic, Polyethylene, Polycarbonate, Polyethylene Terephthalate, Polypropylene, Paperboard, Other Materials

3) By End-Use Industry: Pharmaceutical, Biotechnology, Research Institutes, Diagnostic Centers

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.

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Major Driver Impacting Market Growth

The growing diagnostic activities are expected to propel the growth of the micro tube box market going forward. Diagnostic activities are procedures and tests performed to identify and monitor diseases, conditions, or injuries in patients. Diagnostic activities are rising due to increased demand for early disease detection, advancements in medical technology, and a heightened focus on preventive healthcare. A microtube box is used in diagnostic activities for the organized storage and transportation of small sample tubes, ensuring secure containment and preservation of specimens during laboratory testing and analysis. For instance, in May 2023, according to the National Health Service (NHS), a UK-based publicly funded healthcare system, a total of 2,302,400 diagnostic tests were conducted in March 2023, reflecting an increase of 223,100 tests compared to March 2022. At the end of March 2023, the number of patients waiting for a key diagnostic test reached 1,628,300, marking an increase of 59,400 compared to March 2022. Therefore, growing diagnostic activities are driving the growth of the microtube box market.

Key Industry Players

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.

The micro tube box market report table of contents includes: