Blood Screening Market size was valued at US$ 3.97 Bn. in 2023 and the total revenue is expected to grow at 10.2% through 2024 to 2030, reaching nearly US$ 7.85 Bn. by 2030.
Blood Screening Market Overview
The Blood Screening Market is experiencing significant growth, fueled by an increasing demand for safe blood transfusions and a rise in the prevalence of infectious diseases. As healthcare systems globally emphasize patient safety and stringent regulations, the adoption of advanced screening technologies, including nucleic acid testing (NAT) and antibody screening methods, is becoming more prevalent. The market is also supported by rising blood donation rates and growing awareness of transfusion-related risks among the public. North America and Europe are leading the market due to their robust healthcare infrastructure, while emerging markets are gradually adopting advanced screening solutions, indicating a positive outlook for the global blood screening landscape.
Market Forecast and Key Dynamics:
The Blood Screening Market is poised for substantial growth in the coming years, driven by several key dynamics. Increasing incidences of blood-borne infections, such as HIV, hepatitis B, and hepatitis C, are fueling the demand for effective screening methods. Additionally, advancements in technology, including automated blood screening systems and enhanced diagnostic tools, are improving accuracy and efficiency in detecting pathogens. Regulatory bodies are also mandating stricter blood screening protocols, further propelling market growth. The rising number of surgical procedures and the growing awareness of safe blood transfusion practices are expected to boost demand. Overall, the market is likely to witness robust expansion, with a focus on innovation and adherence to safety standards shaping its future trajectory.
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Blood Screening Market Regional Insights
The Blood Screening Market exhibits significant regional variations, driven by differences in healthcare infrastructure, regulatory environments, and disease prevalence. In North America, stringent regulatory frameworks and advanced healthcare systems support the adoption of cutting-edge blood screening technologies, leading to robust market growth. Europe follows closely, with rising awareness of blood safety and increasing investments in healthcare. The Asia-Pacific region is emerging as a lucrative market, propelled by a growing population, increasing healthcare expenditures, and rising incidences of infectious diseases. Additionally, the region’s expanding medical infrastructure and demand for efficient blood screening solutions are driving market dynamics.
Blood Screening Market Segmentation
By Product Type
Reagent
Instrument
By Technology
Nucleic Acid Amplification Test (NAT)
ELISA
Chemiluminescence Immunoassay (CLIA) and Enzyme Immunoassay (EIA)
Next-Generation Sequencing (NGS)
Western Blotting
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Blood Screening Market Key Players
Lal Diagnostics (India)
Becton Dickinson and Company (US)
Thermo Fisher Scientific (US)
Ortho-Clinical Diagnostics Inc (US)
Grifols (Spain)
Danaher Corporation (Beckman Coulter)
Abbott Laboratories (US)
Bio-Rad Laboratories Inc. (US)
F. Hoffmann-La Roche Ltd.
Siemens Healthcare (Germany)
Alpha Test House (India)
National Institute of Biologicals (India)
Sigma Test and Research Centre (India)
Roche Diagnostics (Switzerland)
BioMerieux (France)
Key questions answered in the Blood Screening Market are:
- What is Blood Screening?
- What was the Blood Screening market size in 2021?
- What is the growth rate of the Blood Screening Market?
- Which are the factors expected to drive the Blood Screening market growth?
- What are the different segments of the Blood Screening Market?
- What growth strategies are the players considering to increase their presence in Blood Screening?
- What are the upcoming industry applications and trends for the Blood Screening Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Blood Screening Market?
- What segments are covered in the Blood Screening Market?
- Who are the leading companies and what are their portfolios in Blood Screening Market?
- What segments are covered in the Blood Screening Market?
- Who are the key players in the Blood Screening market?
For a thorough understanding of this study, refer to the following webpage:https://www.stellarmr.com/report/Blood-Screening-Market/1103
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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