Blood Testing Market 2019: Association between Major Key Vendors Like Abbott Laboratories (U.S.) to Produce Promising Growth Opportunities in Upcoming Years, says Straits Research

Blood Testing Market

The global blood testing market was valued at USD 54.1212 billion in 2018 and is projected to reach a value of USD 67.50 billion by 2026, registering a CAGR of 2.8% during the forecast period, 2019–2026.

Blood testing is a laboratory-based examination used to assess the general state of health and disease progression, and identify the presence of bacteria & viruses. It is generally performed by taking a small trail of blood from the patient’s body with the help of a finger prick or needle. Cancer, cardiovascular disease, Acquired Immunodeficiency Syndrome (AIDS), anemia, and diabetes are some of the common diseases wherein blood tests are used for diagnosis. Thyroid function test, enzyme-linked immunosorbent assay (ELISA) test, karyotyping, blood cholesterol test, full blood count (FBC), erythrocyte sedimentation rate (ESR), C-reactive protein (CRP) test, electrolyte test, and liver function test are some of the important blood tests used for diagnosing different diseases.
The global blood testing market has been witnessing significant growth, owing to growing health consciousness, rapidly aging global population, increasing incidences of numerous diseases such as hepatitis, human immunodeficiency virus (HIV) infection, cancer, thyroid, genetic disorders and bacterial and viral allergic disorders, and expanding application of blood testing in other diagnostic areas.

Glucose testing, also referred to as blood sugar, FBS, and blood glucose, is expected to gain traction in the global blood testing market during the forecast period (2019–2026). Blood glucose testing is a test used to weigh the concentration of glucose in blood. It is essential to test glucose prior to or post major and minor surgeries in order to examine the state of health and the health of certain organs that may be affected by high and low blood sugar, such as liver, and kidneys. The vital role played by glucose test in routine heath checkups and surgeries is expected to propel market growth in years to come.

North America is estimated to hold a major share in the global blood testing market, owing to the increasing number of cancer patients, growing geriatric population, progressive technological facilities, and introduction of advanced technologies for the POC blood testMoreover, a favorable medical reimbursement scenario is also expected to drive market growth in the region. According to the Center for Disease Control and Prevention, in the U.S., more than 9.5 million people donate blood while over 5 million people receive blood annually.

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The Major Prominent Players Covered in this Report:
Abbott Laboratories (U.S.), Ortho Clinical Diagnostics (U.S.), Bio-Rad Laboratories (U.S.), Baxter International (U.S.), Gen-Probe Inc. (U.S.), Novartis (Switzerland), Roche Diagnostics (Switzerland), Becton Dickinson & Company (U.S.), Biomerica Inc. (U.S.), bioMerieux Inc. (France), Cepheid Corporation (U.S.), Meridian Bioscience Inc. (U.S.), Trinity Biotech (Ireland), and Alere Inc. (U.S.). & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

By Test Type
Glucose Testing
Lipid Panel Testing
Direct LDL Testing
Bun Testing
High Sensitivity CRP Testing
Others

By End-User
Hospitals
Clinics
Diagnostic Centers
Others

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

View this report with a detailed description and TOC @ https://straitsresearch.com/report/blood-testing-market/toc

Key Blood Testing Market Trends:
- The report identifies, determines, and forecasts the Global Blood Testing Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Blood Testing Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Blood Testing Market.

Key Questions Answered in The Report:
What will the Blood Testing market growth rate?
What are the key factors driving the global Blood Testing market?
Who are the key manufacturers in the Blood Testing market space?
What are the market opportunities, market risk, and market overview of the Blood Testing market?
What are sales, revenue, and price analysis of top manufacturers of the Blood Testing market?
Who are the distributors, traders, and dealers of the Blood Testing market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Blood Testing Industry?
What are sales, revenue, and price analysis by regions of Blood Testing industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Why buy this report?
Historical inferences, findings & analysis of the market from 2016 to 2018
Projections and performance forecast analysis for future from 2019 to 2026
Production and consumption point of view (POV) analysis
Market drivers, restraint and opportunity analysis to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability and future prospects.

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This release was published on openPR.