Blood Testing Market is Anticipated to reach $157.40 billion by 2030: Business Market Insights

The Blood Testing market crossed the US$ 89.36 billion mark in 2022 and is expected to hit US$ 157.40 billion by 2030, recording a CAGR of 7.3% during the forecast period.

The population is undergoing many lifestyle changes leading to a steady rise in the prevalence of chronic medical conditions. The constant urbanization and the rapid growth in the middle-class population have added substantially to the increase of the sedentary lifestyle among people. The modernization of facilities has reduced physical activities among people and increased stress from personal, professional, and societal factors. Chronic diseases affect public health, societies, and economies.

As per the WHO Global Anaemia estimates, 2021 edition, the prevalence of anemia worldwide was 29.9% in women of reproductive age, equivalent to over half a billion women aged 15-49 years. In 2019, its prevalence was 29.6% in non-pregnant women of reproductive age and 36.5% in pregnant women. Therefore, blood testing is widely done in various surgical procedures, such as cardiac surgery and other invasive procedures. Chronic diseases, such as cancer, cardiovascular diseases, and renal disorders, are major causes of human death worldwide.

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Top Key Players Listed in the Blood Testing Market 2022 - 2030 Report Are:

o Danaher Corporation
o BioRad Laboratories
o Thermofisher Scientific
o Abbott Laboratories
o BioMerieux S.A
o Baxter International
o Becton, Dickinson and Company
o Cepheid Corporation
o F. Hoffmann-La Roche AG
o Novartis International AG

Target audience for the report:
• Raw material providers
• Service providers
• Market-related associations, organizations, forums, and alliances
• Government bodies, such as regulating authorities and policymakers
• Venture capitalists, private equity firms, and start-up companies
• Distributors and sales firms
• End users of medical devices
• Research institutes, organizations, and consulting companies

Scope of the report:
In this report, the market has been segmented on the basis of:

• By Type:
o Glucose Testing
o Lipid Panel Testing
o Prostate Specific Antigen (PSA) Testing
o Blood Urea Nitrogen (BUN) Testing
o Thyroid Stimulating Hormone Testing
o Others

• Method:
o Manual Blood Testing
o Automated Blood Testing

• End-user:
o Diagnostic Laboratories
o Hospitals
o Others

• Region
o North America
o Europe
o Asia Pacific (APAC)
o South & Central America
o Middle East & Africa

Recent strategic developments in the blood testing market

The blood testing market has undergone several significant developments, and a few of these have been mentioned below:
• In May 2021, Roche acquired GenMark Diagnostics, Inc. for US$ 1.8 billion. This acquisition of GenMark broadens its diagnostics portfolio of Roche.
• In April 2019, Bio-Rad Laboratories, Inc. announced its 510(k) clearance from the U.S. Food and Drug Administration (FDA) for Bio-Rad's IH-500, an automated random-access system for blood typing and screening.

Blood Testing Market 2022 - 2030 report offers insights into the newest growth and trends. It summarizes crucial aspects of the market, with target on leading key player's areas that have witnessed the highest demand, leading regions and operations. Blood Testing market 2022 - 2030 offers qualitative as well as quantitative information data relating to the factors, challenges, and opportunities that may define the expansion of the market over the forecast period. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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The Blood Testing Market 2022 - 2030 Competitive Viewpoint:
This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.

Reason to buy this report:
• Understand the Current and future of the Blood Testing Market in both Established and rising markets.
• The report enlightens the massive patterns, causes, and impact factors globally and regionally.
• The latest developments within the Blood Testing market and details of the industry leaders alongside their market share and methods.
• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
• Analysis the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.

Customized Analysis report:
We offer clients specialized report services that take into consideration the most variables influencing the development of the worldwide Market. Feel free to call or drop your requirement to get the get customized research report.

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Contact person: Sameer Joshi
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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