Global Blood Screening Industry Outlook, Market Analysis and Forecast (2021-2027): Ken Research

 The screening of donated blood and blood components represent critical processes that should be followed to make sure that blood units are safe. They should either be released for manufacturing use or be discarded. The research report, ‘(Blood Screening Market: Current Analysis and Forecast (2021-2027)’, aims to provide an in-depth overview and analysis of the market. The report states that some of the top leading vendors operating in the market are 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, and others. This report has consolidated different parameters through which the above-stated companies exist and compete against each other. Some of these parameters are – the performance of the company, sales, risk analysis, collaborative business strategy, recent development, regional presence, acquisitions, and product and services offered by these companies. Along with this, the report comprises various insights made with the help of research methodologies like PESTEL analysis, SWOT analysis, and others. The report further includes company profiling of each player aforementioned and also reviews how far along the player stands in the competition.

The report mentions that the blood screening market is categorized into various segments. These segments are – Based on products types (Reagents & Kits, Instruments, Software & Services.), Based on technology (Nucleic Acid Amplification (NAAT), Enzyme Linked Immunosorbent Assay (ELISA), Rapid Tests, Western Blotting, Next Generation Sequencing (NGS)), Based on application (Hospitals, Blood Banks, Others), Based on the region (North America, Europe, Asia-Pacific, and Rest of World). The study discusses the forecast of each segment and sub-segments in detail. For instance- under the category of technology, NAAT sub-segment owns the major share of the blood screening market and is further expected to grow in the forecast period. Likewise, the report provides insights into various other segments. For a better understanding of the market, the report covers the market details for all the countries present in the above-stated regions as well. Some of these countries are - the United States, Canada, Germany, the UK, China, India, and many others.

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In addition to that, the report also provides market trends for the blood screening market both in the present and future. The research report is equipped with various dimensions such as dynamics of the market both globally and region-wise, analysis of historical data, and technology development, strategies adopted by the aforementioned companies, and study of the market size (in terms of value and volume) based on demand and supply, market growth drivers, application details, market features, restraints, regional and industry wise investment opportunities and much more.

In the upcoming years, the blood screening market is anticipated to grow and reach a substantial value in terms of revenue in USD million by the end of the year 2027 at a double-digit CAGR during the forecast period (2021-2027). Factors like the rise in blood donations and blood transfusion-related screenings, growing prevalence of infectious diseases, are driving the growth of this market.

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Global Blood Screening Market

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Ken Research
Ankur Gupta, Head Marketing & Communications
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Global Blood Screening Test Market Is Set to Drive the Medical Sector: Ken Research

The Global Blood Screening Industry has reached significant growth in the past few years. The report emphasizes the latest market shares, revenues, and restraints of the industry. It signifies the data about the current trends and specifics of the market size of the industry. The report gives a bright light on the competitive strategies of the top key players in the industry. It gives an in-depth view of the regional and volumetric analysis of the different regions which include countries such as North America, South Korea, China, Japan, India, Germany, Australia, France, Italy, Argentina, and other regions of the world. The report discusses the current and future growth opportunities. Henceforth, the report studies the vital position of the industry in the market.

According to the research report, Blood Screening Market: Current Analysis and Forecast (2021-2027), say that blood screening enables physicians to diagnose diseases effectively, which helps in administering suitable treatments and monitoring the patient to avoid the spread of the disease. Blood screening strategies are designed to assure the safety of blood units, but should not be used for notifying blood donors of reactive test results. The prime reason for the rising growth of the Global Blood Screening Industry is an increase in infectious or communicable diseases and blood donations. Blood Screening is considered one of the most ideal and preferred tests for diagnosing various infectious diseases. It detects diseases such as Influenza, HIV, hepatitis, tuberculosis, and syphilis, as well as other clinical conditions. It even aids in the detection and prevention of diseases, as well as a range of other disorders such as infections and cancer.

In 2021, the Global Blood Screening Market was valued at USD million and is projected to reach a significant USD million in the worldwide markets by the end of 2027. It is expected to register a single-digit CAGR growth rate during the forecast period. In the competitive landscape in the urge to reach the heights of growth, the major grooming companies of the world are imparting tremendous contributions to the market size of the sector. 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, and Demeditec Diagnostics GmbH, are some of the prominent companies competing around the globe.

North America accounting for the highest market share is dominating the market and is expected to continue its dominance during the forecast period. The North American blood screening market growth can be attributed to the increasing healthcare spending, increasing prevalence of chronic disorders, and the highly developed healthcare system in the US and Canada. Additionally, countries such as Europe (Germany, UK, France, Russia, and Spain); Asia-Pacific (China, Japan, South Korea, and India); the Middle East and Africa (UAE, South Africa, and Saudi Arabia); South America (Columbia, Brazil, and Argentina) and Australia are increasing the healthcare spending from the region will further support the consumption of the Blood Screening Test.

COVID 19 has affected a slightly positive impact on the Global Blood Screening Test. Due to many aspects, like flight cancellations, travel bans, and quarantines, restaurants closed all indoor or outdoor events were restricted. This led to a decrease in blood donations which declined the growth of the market. However, the demand for blood screening was steady due to the reason that many people were infected by SARS-CoV-2 infection and one more disease which inevitably increased the demand in medical departments.

The rising awareness of health conditions among people is increasing the growth of the market extensively. Numerous countries are actively participating in the installation of Sterile Markets. Besides providing information regarding key players in the Blood Screening Test Market. The report recalibrates, the impact of macroeconomic and microeconomic factors that has the potential to impact the growth of the Global Blood Screening Test Market.

For More Information, refer to below link:-

Global Blood Screening Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249