Popularity of Blood Screening Predicted to Soar in Coming Years

The increasing enactment of strict government regulations in many countries for minimizing the risks of blood contamination is one of the major factors fueling the popularity of blood screening procedures across the world.

According to the World Health Organization (WHO), there were policies and regulations regarding testing, coordinated blood collection, distribution, and storage in as many as 123 countries in 2015. Furthermore, the organization found that there were regulations regarding blood transfusion safety in 104 countries in the same year.

The surging number of blood donations is pushing up the number of screening activities across the world. According to the WHO, across the globe, 117.4 million units of blood are donated every year. Out of the 117.4 million units, 100 million units are donated at 12,700 blood centers located at 170 countries around the world. Because of these factors, the global blood screening market is predicted to grow explosively in the coming years.

The most commonly used technologies in blood screening procedures are nucleic acid technology (NAT), enzyme-linked immunosorbent assay (ELISA), rapid testing, western blotting, and next-generation sequencing (NGS). Out of these, the nucleic acid technology witnessed the highest demand across the globe during the past few years, on account of the fact that this technology exhibited higher sensitivity than the others. Moreover, this technology was widely preferred by blood testers over the other ones.

Geographically, the blood screening market would register the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of the market research company, P&S Intelligence. This would be because of the existence of several major industry players, the availability of cost-effective labor, and the high incidence of various chronic diseases such as cancer in the region. According to the Global Cancer Observatory (GLOBOCAN), 2,003,789 new cancer cases were recorded in Southeast Asia in 2018.

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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