Categories
All News

Blood Screening Market to Rise at 7.4% CAGR till 2026 Driven by the Increasing Number of Regulatory Clearances for New Tests, says Fortune Business Insights™

The global “blood screening market” size is projected to reach USD 4.09 billion by the end of 2026. The increasing awareness regarding blood disorders will lead to a wider adoption across the world. According to a report published by Fortune Business Insights, titled “Blood Screening Market Size, Share & Industry Analysis, By Product Type (Instruments, and Reagents & Kits), By Technology (Molecular Tests, and Serology Tests), By End User (Independent Clinical Laboratories, Hospital-based Laboratories, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 2.31 billion in 2018 and will exhibit a CAGR of 7.4% during the forecast period, 2019-2026.

Blood screening is a process that is carried out before blood donations or transfusions. It is carried out to examine and study the nature of the blood and detect infectious presence. Contributions from government as well as private organizations towards the use of blood screening processes will emerge in favour of the companies operating in this market. The increasing number of regulatory approvals for new tests will bode well for the market in the coming years. Moreover, the increasing investment towards developing advanced processes will have a positive impact on the growth of the market in the foreseeable future.

Request a Sample Copy of the Research Report

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The current pandemic of Covid-19 has made a catastrophic impact on the world. Most businesses are shut as a result of the increasing COVID-19 cases. The healthcare industry is facing shortage of medical aid as there are not enough beds to suffice the needs of the increasing number of patients. The world economy is fluctuating as most businesses are at a halt and the ones running from the vicinity of their homes are barely able to manage revenue.

Special reports on various markets affected by the coronavirus pandemic are provided by Fortune Business Insights. These reports will help visualize the current situation and what strategies can be adopted to help the market gain momentum in the coming years.

To get to know more about the short-term and long-term impacts of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/blood-screening-market-102552

North America to Emerge Dominant; Increasing Investments by Major Companies Will Aid Market Growth

The report analyses the ongoing blood screening market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America currently dominates the global market accounting to the massive adoption of blood screening procedures by people across the country. The increasing awareness regarding the adverse effects of use of contaminated blood has played a major part towards the rapid adoption of this procedure. As of 2018, the market in North America was worth USD 967.0 million and this value is projected to increase further in the coming years.

A few of the leading companies that are operating in the global blood screening market include:

  • Bio-Rad Laboratories, Inc.
  • Hoffmann-La Roche
  • Ortho Clinical Diagnostics
  • BD
  • DiaSorin S.p.A.
  • Thermo Fisher Scientific Inc.
  • Abbott
  • QUOTIENT
  • Other Players

Quick Buy Blood Screening Market

Increasing Number of Regulatory Approvals Will Aid Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of regulatory approvals has had a massive impact on the growth of the market in recent years. The high investments made by large scale companies have yielded improved products; subsequently leading to an increasing number of FDA cleared products. Grifol’s latest approval for its Procleix Ultrio Elite and Procleix WNV is a perfect example of a major industry development of recent times. Grifol’s latest approval will come as a welcome step towards the growth of the company. Moreover, this step will have a direct impact on the global market, considering the worldwide consumer base coverage of the company.

Industry Developments:

April 2019: Bio-Rad Laboratories, Inc. announced that it has received approval from the U.S Food Drug and Administration (FDA) for its IH-500 system.

Key Segments within the Market

By Product Type

  • Instruments
  • Reagents & Kits

By Technology

  • Molecular Tests
  • Serology Tests

By End User

  • Independent Clinical Laboratories
  • Hospital-based Laboratories
  • Others

By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Have Any Query? Ask Our Experts

Related Reports

Adult Diapers Market Share

Adult Diapers Market Size

Adult Diapers Market

Transcatheter Heart Valve Replacement Market Growth Analysis

Transcatheter Heart Valve Replacement Market Revenue

Transcatheter Heart Valve Replacement Market Manufacturers

Transcatheter Heart Valve Replacement Market Drivers

Transcatheter Heart Valve Replacement Market Research Methodology

Transcatheter Heart Valve Replacement Market Future Growth

Transcatheter Heart Valve Replacement Market Devlopment Strategy

Transcatheter Heart Valve Replacement Market Stastistic

Transcatheter Heart Valve Replacement Market Industry

Transcatheter Heart Valve Replacement Market Overview

Transcatheter Heart Valve Replacement Market Segments

Transcatheter Heart Valve Replacement Market Competitive Landscape

Transcatheter Heart Valve Replacement Market Demand

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email:[email protected]

Linkedin | Twitter | BLogs

https://hindaily.com/