Blood Screening Market to Hit 9.7% CAGR and Projected to Reach US$ 2.80 Billion by 2021 - Global Size, Growth, Trends, Outlook and Future Scope Analysis

The major factors driving growth of blood screening market are increasing number of blood donations and blood donors and rising awareness regarding safety of donated blood. In addition, increasing affordability and adoption of nucleic acid test (NAT) for blood screening, rising demand for donated blood, and increasing prevalence of infectious diseases are also driving growth of this market.

Blood screening market is expected to reach USD 2.80 billion by 2021 from USD 1.76 billion in 2016, at a CAGR of 9.7%. The NAT segment is expected to grow at the highest CAGR during the forecast period. Major factors contributing to the growth in this segment are increasing number of blood donations, rising incidence of various infectious diseases, and increasing disposable income to pay for advanced blood screening procedures including NAT-test.

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Globally, the blood screening market is witnessing substantial growth due to factors such as increasing number of blood donations and blood donors, growing affordability and adoption of nucleic acid test (NAT) for blood screening, rising awareness regarding the safety of donated blood, growing demand for donated blood, and increasing prevalence/incidence of infectious diseases.

Growth of blood screening market attributed to increasing adoption of nucleic acid tests (NAT) in this region. In addition, increasing participation of various government associations in blood donations and screening & transfusion activities also supports growth of North American blood screening market.

In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in the market. The above mentioned market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the blood screening market.

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The major players in blood screening market include Grifols (Spain), Siemens Healthineers (Germany), Roche Diagnostics (Switzerland), Ortho Clinical Diagnostics, Inc. (U.S.), Abbott Laboratories (U.S.), Thermo Fisher Scientific, Inc. (U.S.), bioMérieux (France),Beckman Coulter, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), and Becton, Dickinson and Company (U.S.).

Target Audience for this Report:
• Blood Screening Instruments and Reagents Manufacturers
• Blood Screening Software and Services Providers
• Blood Banks
• Hospitals
• Red Cross Societies
• Regulatory Bodies
• Research and Consulting Firms
• Government Bodies

More Information on “Blood Screening Market by Technology (Nucleic Acid Amplification, (rPCR), ELISA, (CLIA, Fluorescence assay), Rapid Test, NGS, Western Blotting), Product (Instrument, Reagent & Kits, Software) & End User (Blood Bank, Hospital) - Global Forecasts to 2021” Report Now at Get Free Assistance Now at Call +1 888 391 5441 / sales@reportsandreports.com .

Report segments the blood screening market on the basis of technology, product & service, end user, and region. Based on technology, the market is segmented into NAT, ELISA, rapid tests, western blot assays, and NGS. The NAT segment is further subsegmented into TMA and real-time PCR. The ELISA technology segment is further categorized into various generations and platforms.

The blood screening market is segmented into blood banks and hospitals. The blood banks segment is expected to account for the largest share of the market in 2016. Major factors driving the growth of this segment are the increasing demand for donated blood, growing number of organ transplantation surgeries, rising awareness regarding the safety of blood, increasing number of donations worldwide, and growth in government funding to charitable trusts.

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This release was published on openPR.