Global Blood Screening Market Size, Share, International Growth, Trends, Top Key Players are Bio-Rad Laboratories, Abbott Laboratories, Grifols, Siemens Healthcare, Becton, BioMerieux, Beckman Coulter, Dickinson and Company, and Thermo Fisher Scientific

Global Blood Screening Market Overview:

Blood is a living tissue made of fluid, with many cells and proteins, which contains red blood cells, white blood cells and platelets. It provides oxygen and nutrition to the cells of the body through the capillaries, arteries and veins. It also helps eliminate metabolic waste and carbon dioxide from the body. A blood test is a medical process that helps to monitor diseases and prevent health problems and several other ailments such as infections and cancer. The detection of blood donors is the defence mechanism established against the spread of infection before blood donation. Several blood tests are performed in laboratories before transfusing blood or blood products. In addition, blood is carefully analyzed to detect serious diseases, such as HIV, hepatitis B and C, and syphilis, when administered to a blood bank. Several national programs have been launched to provide quality blood donated tests for transmissible infections. Similarly, different types of tests are performed to detect prenatal abnormalities during pregnancy. Some chemicals or hormones can be released into the blood if the fetus has certain defects, which can be detected by a blood test. Western Blot, Next Generation Sequencing (NGS) and enzyme immunoassay are some of the key technologies used for blood detection. In rare cases, a blood test sample may be infected due to contaminated utensils and the results can be inaccurate.

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Drivers and Restraints:

Increase in the number of blood donations and blood donors, greater awareness about maintaining the safety of donated blood, increased prevalence of infectious diseases, increased demand for blood, rising costs of medical care, growing awareness of health care and the number of initiatives from various governments and government associations are some of the key factors driving the growth of the global market. However, complex regulatory frameworks for approval, lack of skilled labour, the presence of alternative technologies such as digital immunoassay, and high capital and operating costs are limiting the growth of the market.

Geographical Segmentation:

North America dominates the global blood screening market due to technological advances in blood testing methods and the increasing prevalence of infectious diseases in the region. This blood screening market is expected to experience strong growth in the next five years in Asia, with China and India as the fastest growing markets in the region The main drivers of the market in developing countries are a large number of patients, the improvement of the health infrastructure, the increase in disposable income, the growing demand for blood and the increase of public financing.

Key Players of Global Blood Screening Market:

Bio-Rad Laboratories, Inc., Abbott Laboratories, Inc., F. Hoffmann-La Roche Ltd., Grifols, S.A., Ortho-Clinical Diagnostics, Inc., Siemens Healthcare, Becton, BioMerieux, Inc., Beckman Coulter, Inc., Dickinson and Company, and Thermo Fisher Scientific, Inc. are the major players of the market.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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