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Blood Screening Market Size by Type (Reagents & Kits, Instruments, Software & Services), By Technology (Nucleic Acid Testing (NAT), Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Tests, Western Blotting), By End User (Blood Banks, Hospitals), By Geographic Scope and Forecast
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Blood Screening Market Size And Forecast
The Blood Screening Market size was valued at USD 2.7 Billion in 2023 and is expected to reach USD 5.4 Billion in 2031, at a CAGR of 8.6% over the forecast period of 2024 to 2031.
- Blood screening is the process of analysing blood samples to identify infections, illnesses and disorders. It identifies viruses such as HIV, hepatitis and other blood-borne infections, ensuring blood transfusion safety and early detection in medical treatments and thereby contributing to overall public health and disease prevention initiatives.
- Blood screening detects infectious disorders such as HIV, hepatitis and malaria, allowing for safe blood transfusions. It detects chronic disorders like diabetes and high cholesterol, helps with early cancer diagnosis, monitors organ function, and promotes preventative healthcare by detecting risk factors for numerous illnesses, thereby improving general public health and safety.
- Future applications of blood screening will improve early disease identification, allowing for individualized treatment strategies for ailments such as cancer and cardiovascular disease. Advanced technology will improve the accuracy with which genetic markers and infections are identified, allowing for better preventive care, chronic condition monitoring and safer blood transfusions and organ transplantations.
Blood Screening Market Dynamics
The key market dynamics that are shaping the Blood Screening Market include:
Key Market Drivers:
- Increasing Blood Donations: A growing number of blood donations and transfusions worldwide is driving the demand for efficient blood screening methods.
- Rising Prevalence of Infectious Diseases: The increasing incidence of infectious diseases such as HIV, hepatitis, and Zika virus necessitates rigorous blood screening protocols.
- Technological Advancements: Innovations in blood screening technologies, including nucleic acid amplification tests (NAT) and next-generation sequencing (NGS), are enhancing the accuracy and efficiency of blood tests.
- Government Initiatives: Supportive government policies and funding for blood safety programs are propelling the market growth.
- Public Awareness: Increased public awareness about the importance of blood safety is contributing to the market expansion.
Key Challenge:
- High Costs of Screening: The high cost of advanced screening technologies can be a barrier for adoption, especially in developing countries.
- Regulatory Stringency: Stringent regulatory requirements and lengthy approval processes for new screening technologies can hinder market growth.
- Limited Access in Low-Income Regions: Limited infrastructure and resources in low-income regions restrict the implementation of advanced blood screening methods.
Key Trends:
- Automation in Blood Screening: The integration of automation in blood screening processes is improving throughput and reducing manual errors.
- Adoption of Artificial Intelligence: AI and machine learning are being increasingly adopted for data analysis and interpretation in blood screening, enhancing diagnostic accuracy.
- Point-of-Care Testing: The rise of point-of-care testing (POCT) for blood screening is providing quick and reliable results, particularly in remote and underserved areas.
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Blood Screening Market Regional Analysis
Here is a more detailed regional analysis of the blood screening market:
North America
- According to Market Research, North America is expected to dominate the blood screening market.
- This dominance is driven by a high demand for blood transfusions, advanced healthcare infrastructure, and the presence of established players like Grifols, Abbott Laboratories, and Bio-Rad Laboratories.
- Additionally, stringent regulatory frameworks and public awareness about blood safety contribute to North America’s leading position in the market.
Asia Pacific
- According to Market Research, Asia Pacific is fastest growing region in blood screening market.
- The Asia Pacific region is expected to witness the highest growth rate in the blood screening market.
- The expanding healthcare infrastructure, increasing blood donations, and rising prevalence of infectious diseases are driving the market growth.
- Countries like China, India, and Japan are focusing on enhancing their blood screening protocols and adopting advanced technologies.
Blood Screening Market Segmentation Analysis
The Blood Screening Market is segmented on the basis of Type, Application and Geography.
Blood Screening Market, By Type
- Reagents & Kits
- Instruments
- Software & Services
Based on Type, the market is segmented into Reagents & Kits, Instruments and Software & Services. Reagents & kits accounted for the largest market share in the global blood screening market. The growing prevalence of infectious diseases and the rising need for safe blood transfusions have driven the demand for high-quality reagents and kits. These products are essential for detecting pathogens in donated blood, ensuring the safety and reliability of blood transfusions. As healthcare facilities and blood banks prioritize accuracy and efficiency in blood screening processes, the adoption of advanced reagents and kits is significantly increasing. This trend reflects the ongoing efforts to enhance blood safety and the overall quality of healthcare services.
Blood Screening Market, By Technology
- Nucleic Acid Testing (NAT)
- Enzyme-Linked Immunosorbent Assay (ELISA)
- Rapid Tests
- Western Blotting
Based on Technology, the market is segmented into Nucleic Acid Testing (NAT), Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Tests and Western Blotting. In the Blood Screening Market, Nucleic Acid Testing (NAT) is the dominant technology. NAT is highly favored for its ability to detect viral genetic material at an early stage, significantly reducing the window period during which infections may not be detected by traditional serological methods. This technology ensures a higher level of safety and reliability in blood screening processes, making it crucial for preventing the transmission of infectious diseases through blood transfusions.
Blood Screening Market, By End User
- Blood Banks
- Hospitals
On the basis of End User, the market is divided into Blood banks and Hospitals. In the blood screening market, blood banks are the dominant end users. Blood banks play a critical role in ensuring the safety and availability of blood for transfusions. They employ rigorous blood screening protocols to detect infectious agents, thereby maintaining the highest standards of blood safety and mitigating the risk of transfusion-transmitted infections.
Blood Screening Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Geography, the Blood Screening Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America accounted for the largest market share in the global blood screening market. The region’s dominance is attributed to the well-established healthcare infrastructure, high healthcare expenditure, and the presence of key market players. Moreover, the increasing prevalence of chronic diseases and the rising number of surgical procedures requiring blood transfusions have further boosted the demand for blood screening in North America. The region’s strong focus on blood safety, coupled with continuous advancements in screening technologies, ensures the growth and sustainability of the blood screening market.
Key Players
The “Blood Screening Market” study report will provide valuable insight with an emphasis on the global market, including some of the major players in the industry such as Abbott Laboratories, Grifols, Bio-Rad Laboratories, Roche Diagnostics, Thermo Fisher Scientific, Siemens Healthineers, Ortho Clinical Diagnostics, Becton Dickinson.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Blood Screening Market Recent Developments
- In March 2023, Abbott Laboratories introduced a new high-throughput screening system for detecting infectious diseases in donated blood.
- In August 2023, Roche Diagnostics launched a next-generation sequencing platform for comprehensive blood screening.
- In October 2023, Siemens Healthineers entered into a collaboration with a leading blood bank to implement advanced screening technologies.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD |
2020-2031 |
| BASE YEAR |
2023 |
| FORECAST PERIOD |
2024-2031 |
| HISTORICAL PERIOD |
2020-2022 |
| UNIT |
Value (USD Billion) |
| KEY COMPANIES PROFILED |
Abbott Laboratories, Grifols, Bio-Rad Laboratories, Roche Diagnostics, Thermo Fisher Scientific, Siemens Healthineers, Ortho Clinical Diagnostics, Becton Dickinson. |
| SEGMENTS COVERED |
By Type, By Application and By Geography |
| CUSTOMIZATION SCOPE |
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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