Global Blood Screening Market Intelligence & Future Trends 2017-2026

Global Blood Screening Market was valued at USD XX Billion in the year 2018. Global Blood Screening Market is further estimated to grow at a CAGR of XX% from 2019 to 2026. North America region holds the highest market share in 2018 with APAC region is considered as the fastest growing market in the forecasted period. At a country level, the U.S is the biggest market in 2018 and it is projected to grow at a gradual pace in the coming years.

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Grifols (Spain), Roche Diagnostics (Switzerland), bioMérieux (France), Abbott Laboratories (U.S.) are some of the key manufacturers in the Global Blood Screening Market with Roche Diagnostics holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers

Boosting Demand for blood supply
Increased focus on the safety of blood

Restrain

Lack of regulatory standards
Level of required financial investment & lack of technical expertise

Opportunity

Rising importance of diagnostics in improving healthcare quality
Development of emerging markets for NAT technology.

Challenge

Supply of safe blood
Intense competition and reduced healthcare reimbursement

The NAT (Nucleic Acid Test) segment is likely to hold the top market share during the forecast period. The growth can be attributed to the increasing number of blood donations, rising incidence of infectious diseases, and increasing capacity (disposable income) to pay for NAT-tested blood.

On the other hand, hospitals & clinical Laboratories for users is expected to grow at the highest CAGR of during the year 2018-2026. Majorly because there is 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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Key Benefits for Stakeholders

Blood screening Manufacturers, Distributors, and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End-use industries
Regulatory bodies, policy actors, and consumers.

By Technology

Western Blot Assay
Reverse Polymerase Chain Reaction
Enzyme-Linked Immunosorbent Assay (ELISA)
Nucleic Acid Test (NAT)
Next-Generation Sequencing (NGS)
Rapid Tests

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Key Market Players

1. Abbott Laboratories
2. Ortho Clinical Diagnostics, Inc.
3. Biomérieux SA
4. Grifols SA
5. F. Hoffmann-La Roche AG
6. Becton, Dickinson, and Company
7. Qiagen Netherl

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