The Global Blood Screening Market is expected to grow at a CAGR of ~10% between 2021-2027.
A comprehensive overview of the Blood Screening Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Blood Screening Market in the Global context. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Global Blood Screening Market at the regional & country levels. The Global Blood Screening Market is expected to grow at a CAGR of ~10% between 2021-2027.
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Market Overview
Blood screening refers to a variety of tests performed on blood samples to diagnose diseases like Influenza, HIV, hepatitis, tuberculosis, and syphilis, as well as other clinical conditions. It aids in the detection and prevention of diseases, as well as a range of other disorders such as infections and cancer. Prior to donating blood, blood donors are subjected to screening to prevent the spread of infection.
Tuberculosis is one of the world's deadliest communicable illnesses, killing an estimated 1.2 million people each year. Infectious diseases, often known as communicable diseases, are diseases that can be transmitted from one person to another either directly or indirectly, such as through an insect bite or swallowing contaminated food or water. HIV/AIDS, malaria, hepatitis C, cholera, and measles are among the deadliest infectious diseases.
COVID-19 Impact
The COVID-19 pandemic has impacted positively and negatively both on the blood screening market. Many firms developed different serological assays to identify COVID-19 antibodies. For example, the United States Food and Drug Administration (FDA) has given Emergency Use Authorization (EUA) to nearly 50 serological tests that detect COVID-19 antibodies. In addition, plasma therapy for COVID-19 patients also boosted the market growth of the blood screening. However, decrease in the number of hospital visits, blood donors and blood transfusion activities due to lockdown restrictions posed a negative impact on the Blood Screening Market growth.
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Blood Screening Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product, the market is primarily bifurcated into:
· Reagents & Kits
· Instruments
· Software & Services
Based on product, the market is segmented into Reagents & Kits, Instruments, Software & Services. The reagents & kits segment commanded the largest share of the blood screening market in 2020.
By Technology, the market is primarily studied into:
· Nucleic Acid Amplification (NAAT)
· Enzyme Linked Immunosorbent Assay (ELISA)
· Rapid Tests
· Western Blotting
· Next Generation Sequencing (NGS)
Based on Technology, the market is segmented into Nucleic Acid Amplification (NAAT), Enzyme Linked Immunosorbent Assay (ELISA), Rapid Tests, Western Blotting, Next Generation Sequencing (NGS). Nucleic Acid Amplification (NAAT) segment dominated the blood screening market in 2020
By End User, the market is primarily studied into:
· Hospitals
· Blood Banks
· Others
Based on end user, the market is segmented into Hospitals, Blood Banks, Others. The blood banks segment holds the significant share of the blood screening market
Blood Screening Market Region Segmentation Includes:
· North America
· Europe
· Asia Pacific
· Rest of World
Based on the estimation, North America dominated the market in 2020 followed by Europe. Asia-Pacific is expected to witness the highest CAGR growth during the forecast period.
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The major players targeting the market includes:
· Abbott Laboratories
· Bio-Rad Laboratories, Inc.
· F. Hoffmann-La Roche Ltd.
· Becton, Dickinson And Company
· Thermo Fisher Scientific Inc.
· bioMerieux, Inc.
· Grifols, S.A.
· Danaher Corporation
· Boster Biological Technology
· Demeditec Diagnostics GmbH
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as Global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Blood Screening Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and advancements in the Blood Screening Market?
· Which factors are influencing the Blood Screening Market over the forecast period?
· What are the global challenges, threats, and risks in the Blood Screening Market?
· Which factors are propelling and restraining the Blood Screening Market?
· What are the demanding global regions of the Blood Screening Market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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