According to the latest market report published by Persistence Market Research titled Automatic Tube Labelling Systems Market: Global Industry Analysis 2013 – 2017 and Forecast, 2018 – 2026, the global automatic tube labeling systems market is projected to reach $75.5 million by the end of 2026 and grow at a CAGR of 4.6% during the forecast period.

An automatic tube labeling system offers different labeling options for use on test tubes. Automatic tube labelling systems are basically used in the field of the chemistry, hematology, virology, genetics, DNA sequencing, forensics, drug discovery and other related fields for labeling and tracking sample.

Various benefits of automatic tube labeling systems over conventional labeling process are expected to boost the demand for automatic tube labelling systems. Automated tube labeling systems provide various benefits, such as labeling accuracy, reduced downtime and human error, cost reduction and increase productivity. The growth of the global automatic tube labeling systems market is primarily driven by increasing automation in the healthcare industry to improve productivity.

The Pharmaceutical Research and Manufacturers of America (PhRMA) member companies are particularly investing in the research and development of new medicines. The PhRMA member companies invested an estimated US$ 58.8 Bn in R&D in 2015. With increase in the number of drug development activities, most of the companies are moving towards automation to reduce cost and workload, which is expected to boost the demand for automatic tube labeling systems. Moreover, the establishment of new research and development centers by manufacturers is also expected to propel the demand for automatic tube labelling systems. Increase in the number of laboratory tests has to lead the laboratories to shift towards automation to reduce the diagnosis time and improve the level of diagnosis with efficient results. Increasing laboratory automation is the other factor expected to boost the demand for automatic tube labeling system over the forecast period.

However, less adoption of labeling systems among end users with low capacity is expected to hamper the growth of the automatic tube labeling systems market over the forecast period. Lack of technological advancements in developing countries is the major factor expected to restrain the growth of the automatic tube labeling systems market.

The global automatic tube labelling systems market is segmented based on product type, end users, and region. Based on product type, the global automatic tube labelling systems market is segmented into standalone and tabletop product type. The standalone segment is expected to represent a high revenue share in the global automatic tube labelling systems market over the forecast period.

Based on end users, the global automatic tube labelling systems market is segmented into hospitals, blood banks, diagnostic laboratories, and research and development centers. Among all the end users, the research and development centers is expected to be the leading segment in the global automatic tube labeling systems market over the forecast period. Research and development centers segment is expected to gain maximum share in the global automatic tube labelling systems market due to increasing number of R&D activities by pharmaceutical and biotechnological manufacturers.

On the basis of region, the global automatic tube labeling systems market has been segmented into North America, Latin America, Europe, Asia Pacific Excluding China, China, and the Middle East & Africa. This report assesses the trends driving the growth of each segment and offers analysis and insights into the potential of the automatic tube labelling systems in specific regions. North America is expected to contribute a high revenue share in the global automatic tube labelling systems market over the forecast period. The demand for automatic tube labelling systems has increased in North America due to the increasing adoption of automation and new technologies among the end-use industries.  The China automatic tube labelling systems market is expected to grow at the high CAGR over the forecast period. Europe is expected to account second large share in the global automatic tube labelling systems market over the forecast period. The developed countries, such as Germany, the U.K., France, and Italy, are expected to account high share in the Europe automatic tube labeling systems market due to factors such as increasing automation in diagnostic laboratories. The Asia Pacific is expected to witness rapid growth in the global automatic tube labelling system market over the forecast period due to increasing adoption of new technologies.

The global market for automatic tube labelling systems is consolidated with the presence of a large number of participants. Examples of some of the key participants identified in the global automatic tube labeling systems market are Scinomix Inc., ALTECH Srl, Brooks Automation, Inc., PaR Systems, Inc., BioMicroLab Inc., Computype, Inc., Auto Labe, California Advanced Labeling, Inc., HTI bio-X GmbH, and Capmatic Ltd.  The players operating in the automatic tube labelling systems market are focusing on to manufacture customized labelling solutions to meet the specific needs of the scientists and researchers. Moreover, they are also focusing on expanding their business in developing countries through mergers, acquisitions, and partnerships.