Global Blood Screening Market Trends | Segmentation, Outlook, Industry Report to 2021-2027

The global blood screening market is anticipated to grow at a CAGR of 6.9% during the forecast period (2021-2027). The rising prevalence of COVID-19 cases, rising testing for the disease, increasing awareness for the treatment, and rising FDA approvals, are driving the blood screening market during the forecast period. According to the Worldometers, as of 10th May 2021, around 159 million COVID-19 cases were reported that have been tested positive. In March 2020, Becton, Dickson, and Co., a medical technology company, and BioMedomics, a North Carolina-based clinical diagnosis company, had launched the FDA-approved point-of-care test to detect antibodies in blood to confirm that the current or past exposure of COVID-19 in 15 minutes.

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In July 2020, Becton, Dickinson, and Co. had announced that the US FDA approved an Emergency Usage Authorization for a rapid, point-of-care SARS-CoV-2 diagnostic test for use with the BD VeritorTM Plus System, which is widely available. The introduction of this new assay, which provides results in 15 minutes on a simple-to-use, highly portable instrument, is vital for increasing access to COVID-19 diagnostics owing to it allows for real-time results and decision-making while the patient is still in the hospital. Apart from it, in February 2021, Siemens Healthcare GmbH had announced that the laboratory test for the SARV-CoV-2 Antigen assay of the company got a CE mark and has submitted the test to the US FDA for emergency use authorization (EUA). Thus, the various technological advancements in the tests by key players, rising FDA approvals to detect antibodies in the blood, new blood screening devices, and among others, are the factors that are driving the growth of the market during the forecast period.

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Recent Activities by the Key Players in Global Blood Screening Market

In April 2020, Abbott Laboratories had announced the launch of another COVID-19 test, which is a lab-based serology blood test for detection of antibody, IgG, for defining the COVID-19 in the person’s body. This test tells that if a person has been previously infected and how long antibodies stay in the body.
In June 2019, Abbott Laboratories had got the US FDA approval for its Alinity line of laboratory diagnostics hardware designed to blood screen and plasma donation for potential containment. This was designed for a smaller space, also can perform 600 tests in an hour.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Blood Screening Market Report Segment

By Screening Technology

Nucleic Acid Amplification Test
Western Blotting
Enzyme-Linked Immunosorbent Assay
PCR-RNA

By Products

Testing Instruments
Reagents

By End-Users

Blood Banks
Hospitals
Laboratories

Global Blood Screening Market Report Segment by Region

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

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