Discover trends, market shifts, and competitive outlooks for the blood transfusion diagnostics industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Are the Projected Market Size and Growth Rates for the Blood Transfusion Diagnostics Market From 2025 To 2029?#_x000D_

In past few years, there has been a swift expansion in the size of the blood transfusion diagnostics market. The market is expected to climb from $4.42 billion in 2024 to $4.96 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%. Factors such as an increase in blood transfusions, the emergence of new pathogens, an aging population, a growing demand for speedy blood transfusion diagnostics, a higher prevalence of chronic diseases, and a surge in blood needs account for the observed growth in this historical duration._x000D_

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Predictions suggest that the market size for blood transfusion diagnostics will experience significant growth in the upcoming years, reaching $6.43 billion in 2029 with an expected compound annual growth rate (CAGR) of 6.7%. This expected growth during the forecast period could be due to increased interest in precision medicine, more investment in blood transfusion infrastructure, a growing need for molecular blood transfusions, a rise in infectious diseases, and concerns regarding blood safety. The forecast period is also expected to see notable trends such as advancements in diagnostics, point-of-care testing, automation and robotics, nucleic acid testing (NAT), digital integration, broadened pathogen panels, and innovative testing technologies._x000D_

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#What are the Fundamental Drivers and Innovations Shaping the Blood Transfusion Diagnostics Market?#_x000D_

During surgical procedures, there’s often a necessity for blood transfusions to compensate for the blood lost in the process. This is where blood transfusion diagnostics come into play, ensuring that the blood is properly screened before being given to the patient, and thus preventing the rise of infectious diseases. A report published by the US National Library of Medicine, National Institutes of Health stated around 310 million surgeries are executed yearly. Such an increasing trend in medical procedures invariably leads to a higher demand for blood transfusion diagnostics._x000D_

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#How Is the Blood Transfusion Diagnostics Market Segmented?#_x000D_

The blood transfusion diagnostics market covered in this report is segmented –_x000D_

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1) By Type: Instruments and Kits, Reagents, Other Types_x000D_

2) By Technology: Western Blot, ELISA, Nucleic Acid Amplification, Fluorescence assay, Rapid Test_x000D_

3) By Application: Blood Grouping, Disease Screening_x000D_

4) By End User: Hospitals, Diagnostic Laboratories, Blood Banks, Plasma Fractionation Companies_x000D_

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Subsegments:_x000D_

1) By Instruments and Kits: Blood Typing Instruments, Cross-Matching Kits, Blood Screening Instruments, Automated Blood Processing Systems_x000D_

2) By Reagents: Antisera, Control Solutions, Blood Grouping Reagents, Enzymes and Other Reagents_x000D_

3) By Other Types: Software Solutions, Consumables, Training And Support Services_x000D_

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#Which Regions Are Driving the Next Phase of the Blood Transfusion Diagnostics Market Growth?#_x000D_

The countries covered in the blood transfusion diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada._x000D_

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#What Key Market Trends and Innovations Are Shaping the Future of the Blood Transfusion Diagnostics Industry?#_x000D_

The increasing need for superior diagnostic procedures and the escalating occurrence of diseases caused by microorganisms such as bacteria and viruses heighten the preference for NAT (NAAT/NAT) to enhance blood safety, improve efficiency, and cut down the time taken to get results. NAT is a method that assists in spotting a particular nucleic acid, virus, or bacteria that performs as a pathogen in blood, tissue, or urine. NAT is notably sensitive and accurate for viral nucleic acids, amplifies the targeted viral DNA area, and enables earlier detection compared to other traditional techniques, thus shortening the period of infectious illnesses. For instance, XCRP Diagnostic Inc. and Luminex Corporations formed a licensing agreement involving XCR Diagnostic’s Xtreme Chain Reaction Nucleic Acid Amplification Technology. Through this agreement, Luminex obtained exclusive rights to employ XCR Diagnostic’s NAAT technology for its upcoming molecular diagnostic portfolio._x000D_

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#How Is the Blood Transfusion Diagnostics Market Defined and What Are Its Core Parameters?#_x000D_

Blood transfusion diagnostics are used to conduct tests before the transfusion of blood from donor-recipient such as blood grouping disease screening._x000D_

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