The Blood Transfusion Diagnostics Market Share, Market Size, And Growth Rate 2022
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The blood transfusion diagnostics market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of 10%, as per The Business Research Company’s market report!
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The Blood Transfusion Diagnostics Market Size In 2022 And Forecast
The global blood transfusion diagnostics market is expected to grow from $3.34 billion in 2021 to $3.65 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The blood transfusion diagnostics market is expected to grow to $5.35 billion in 2026 at a CAGR of 10%.
The blood transfusion diagnostics market consists of sales of blood transfusion diagnostics devices and related services. The related services here include only installation and maintenance services offered by equipment manufacturers.
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Increase In Number Of Procedures Is Driving The Growth Of The Blood Transfusion Diagnostics Market
According to an article published in the US National Library of Medicine, National Institutes of Health, approximately 310 million surgeries are being performed each year. This increase in the number of procedures will thereby drive the need for blood transfusion diagnostics.
Competitive Landscape And The Regional Analysis Of The Blood Transfusion Diagnostics Market
Major players in the blood transfusion diagnostics market are BAG Health Care GmbH, Grifols, Bio-Rad Laboratories Inc., Abbott Laboratories, Immucor Inc, Ortho Clinical Diagnostics, DiaSorin S.p.A, Siemens Healthcare Private Limited, Thermo Fisher Scientific Inc., and Beckman Coulter Inc.
The Blood Transfusion Diagnostics Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the blood transfusion diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the blood transfusion diagnostics market.
Growing Demand For Advanced Diagnostic Measures – A Key Trend In The Blood Transfusion Diagnostics Market
The growing demand for advanced diagnostic measures and growing prevalence of infectious diseases associated with pathogens such as bacteria & viruses increase the preference for nucleic acid amplification testing (NAAT/NAT) to increase blood safety, improve efficiency and reduce the turnaround time of the results. NAT is a technique that helps detect a particular nucleic acid, virus, or bacteria that acts as a pathogen in blood, tissue, or urine. NAT is highly sensitive and specific for viral nucleic acids and amplifies the region of targeted viral DNA and detects them earlier than the other traditional methods and narrows the period of infectious diseases.
Blood Transfusion Diagnostics Market Segmentation By The Business Research Company
1) By Type: Instruments and Kits, Reagents, Other Types
2) By End User: Hospitals, Diagnostic Laboratories, Blood Banks, Plasma Fractionation Companies
3) By Technology: Western Blot, ELISA, Nucleic Acid Amplification, Fluorescence assay, Rapid Test
4) By Application: Blood Grouping, Disease Screening
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