Huge Growth Expected in Blood Screening Market in Future

The global blood screening market generated a revenue of $2,402.3 million in 2019 and is predicted to advance at a CAGR of 8.1% between 2020 and 2030.

Due to the increasing number of blood contamination cases, the governments of several countries are implementing strict policies for minimizing the possibility of blood contamination. According to the World Health Organization (WHO), as many as 123 countries had regulations regarding blood testing, blood collection, storage, distribution, and processing in 2015. The organization also found that 104 countries had regulations regarding the quality of the transfused blood and the safety of the blood transfusion process.

Based on product type, the blood screening market is divided into reagents & kits, software & services, and instruments. Amongst these, the reagents & kits category recorded the highest growth in the market in the past, mainly because of the utilization of these materials during the initial stages of the blood screening process and the abundant availability of several reagents. The rising demand for the reliable and rapid detection of transfusion-transmissible diseases (TTD) is also fueling the category growth.

When disease type is taken into consideration, the blood screening market is classified into human immunodeficiency virus/acquired immune deficiency syndrome (HIV/AIDS), diabetes mellitus, cancer, infectious diseases, respiratory diseases, and hypercholesterolemia. Amongst these, the HIV/AIDS category is predicted to register the highest growth in the market in the future. This is ascribed to the fact that the blood is mandatorily screened and checked for HIV/AIDS before giving it to someone, owing to the high prevalence of the disease across the world.

This study covers

  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
  • Major players operating in the market and their service offerings

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