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Blood Screening Market by Technology (Western Blot Assay, Reverse Polymerase Chain Reaction (RPCR), Enzyme-Linked Immunosorbent Assay (ELISA)), By Product Type (Instruments, Software and Services, Reagents & Kits)- Global size Analysis and Industry Forecast, 2019-2025.

  • Category:Life Sciences
  • Published on:06 February, 2019
  • Pages:120
  • Formats:    
  • Report Code: HMI - 678346
  • Publisher:Genesis Market Insights

Overview

Global Blood Screening Market was valued at USD 2.35 Billion in the year 2019. Global Blood Screening Market is further estimated to grow at a CAGR of 4.46% from 2019 to 2025. North America region holds the highest market share in 2019 with APAC region is considered as the fastest growing market in the forecasted period. At a country level, the U.S is the biggest market in 2019 and it is projected to grow at a gradual pace in the coming years.

Grifols (Spain), Roche Diagnostics (Switzerland), bioM?rieux (France), Abbott Laboratories (U.S.) are some of the key manufacturers in the Global Blood Screening Market with Roche Diagnostics holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers

Boosting Demand for blood supply

Increased focus on the safety of blood

Restrain

Lack of regulatory standards

Level of required financial investment & lack of technical expertise

Opportunity

Rising importance of diagnostics in improving healthcare quality

Development of emerging markets for NAT technology.

Challenge

Supply of safe blood

Intense competition and reduced healthcare reimbursement

The NAT (Nucleic Acid Test) segment is likely to hold the top market share during the forecast period. The growth can be attributed to the increasing number of blood donations, rising incidence of infectious diseases, and increasing capacity (disposable income) to pay for NAT-tested blood.

On the other hand, hospitals & clinical Laboratories for users is expected to grow at the highest CAGR of during the year 2019-2025. Majorly because there is increasing demand for donated blood, growing number of organ transplantation surgeries, rising awareness regarding the safety of blood, increasing number of donations worldwide, and growth in government funding to charitable trusts.

Key Benefits for Stakeholders

Blood screening Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Products & Services

Instruments

Software and Services

Reagents & Kits

Assays/consumables

By Technology

Western Blot Assay

Reverse Polymerase Chain Reaction (RPCR)

Enzyme-Linked Immunosorbent Assay (ELISA)

Nucleic Acid Test (NAT)

Next-Generation Sequencing (NGS)

Rapid Tests

By Users

Hospitals

Blood Banks

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

1. Abbott Laboratories

2. Ortho Clinical Diagnostics, Inc.

3. Biom?rieux SA

4. Grifols SA

5. F. Hoffmann-La Roche AG

6. Becton, Dickinson, and Company

7. Qiagen Netherlands (includes Digene)

8. Bio-Rad Laboratories, Inc.

9. Agilent Technologies (Dako)

10. Trinity Biotech

(A brief overview of another 13 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques ?

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
GMI has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
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