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.
Boosting Demand for blood supply
Increased focus on the safety of blood
Lack of regulatory standards
Level of required financial investment & lack of technical expertise
Rising importance of diagnostics in improving healthcare quality
Development of emerging markets for NAT technology.
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
Regulatory bodies, policy actors, and consumers.
By Products & Services
Software and Services
Reagents & Kits
Western Blot Assay
Reverse Polymerase Chain Reaction (RPCR)
Enzyme-Linked Immunosorbent Assay (ELISA)
Nucleic Acid Test (NAT)
Next-Generation Sequencing (NGS)
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)
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