Blood Screening Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What Growth Opportunities are Expected to Drive the Blood Screening Market’s CAGR Through 2034?
The market size of blood screening has seen a robust growth in the past few years. The market size which was $3.15 billion in 2024 is projected to rise to $3.45 billion in 2025, experiencing a compound annual growth rate (CAGR) of 9.6%. The growth historically can be correlated to factors such as an increase in the need for blood transfusions, a rise in communicable diseases, governmental regulations and standards, a surge in blood donations and collections, as well as global health crises and pandemics.
Expectations are high for significant expansion in the blood screening market over the next several years. This market is projected to reach $5.37 billion by 2029, with a compound annual growth rate (CAGR) of 11.7%. Its development in the forecasted period is connected to increased public health awareness, enhanced healthcare infrastructure, breakthroughs in infectious disease diagnosis, global health issues, and readiness for potential pandemics. Notable upcoming trends include a surge in infectious diseases, automation and improvements in efficiency, increased demand for blood transfusion, emphasis on transfusion safety, and research into pathogen detection.
What Key Drivers Are Accelerating the Growth of the blood screening Market During the Forecast Period?
The escalating occurrence of infectious diseases is set to boost the expansion of the blood screening market. Frequently, blood is examined to detect signs of disease by identifying a particular antibody produced against the infecting body. This assists medical professionals in managing infectious diseases and halting increased infection dissemination among patients and from one individual to another. For example, as per the US government agency National Center for Biotechnology Information, in June 2022, the infectious disease incidence in outpatient care has nearly tripled in the past two decades, rising from 8 to 26 per 1,000. Consequently, the upsurge in infectious diseases prevalence is fueling the blood screening market’s growth.
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What Are the Leading Industry Players Dominating the Blood Screening Market?
Major companies operating in the blood screening market include:
• Abbott Laboratories_x000D_
• Grifols S.A._x000D_
• Becton Dickinson and Company_x000D_
• F. Hoffmann-La Roche AG_x000D_
• bioMérieux S.A._x000D_
What Are the Latest Trends Leading to Disruption in the Blood Screening Market?
Prominent businesses within the blood screening market are innovating new technologies like liquid biopsy, in an effort to advance early cancer detection, make treatment monitoring more effective, and facilitate personalized medicine methodologies. A liquid biopsy is a test with minimal invasion which scrutinizes blood or different body fluids in order to identify cancer cells or genetic bodies associated with tumors. As an example, in November of 2023, Guardant Health Inc., a biotechnology firm from the United States, introduced Shield, a blood-based screening test. The Shield test focuses on examining cell-free DNA (cfDNA) within the bloodstream that may signify the existence of colorectal tumors or potentially cancerous growths. It specifically targets alterations in DNA fragments, which are discharged into the bloodstream from cancer cells.
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Which Industry Segments Are Leading the Development and Expansion of the Blood Screening Market?
The blood screening market covered in this report is segmented –
1) By Product: Reagents And Kits, Instruments, Software And Services
2) By Technology: Nucleic Acid Testing, Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Tests, Western Blot Assays, Next-Generation Sequencing (NGS)
3) By End User: Blood Banks, Diagnostic Centers And Pathology Labs, Hospitals, Clinics, Ambulatory Surgical Centers (ASCs)
Subsegments:
1) By Reagents And Kits: Diagnostic Reagents, Testing Kits
2) By Instruments: Automated Analyzers, Manual Testing Equipment
3) By Software And Services: Laboratory Information Management Systems (LIMS), Data Analysis Software, Support And Consulting Services
Which Regions Are Significant to the Growth of the Blood Screening Market?
North America was the largest region in the blood screening market in 2024. The regions covered in the blood screening market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Are the Core Features That Define the Blood Screening Market?
Blood screening refers to a method of screening blood, plasma, or blood components for transfusion or use in blood products. It is used to screen for antibodies or tumor markers, to seek for disease-causing substances or symptoms, or to evaluate treatment effectiveness.
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