Press release
Global Blood Screening Market to Reach $5.37 Billion by 2029, Growing at 12% CAGR
Blood Screening Market
The escalating incidence of infectious diseases is projected to boost the growth of the blood screening market. Blood testing is frequently used to discover signs of illness by identifying a specific antibody produced against the pathogen, this greatly aids healthcare providers in managing infectious diseases and preventing further spreading of infection among patients and transmission from individual to individual. For example, as per the National Center for Biotechnology Information, a government agency in the United States, in June 2022, the incidence of infectious diseases in outpatient care has surged nearly threefold over the past two decades, rising from 8 to 26 per 1,000. Hence, the surge in infectious diseases' prevalence is fueling the expansion of the blood screening market.
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What Is the projected market size and growth rate for the blood screening market?
In recent times, there has been a substantial growth in the size of the blood screening market. An increase from $3.15 billion in 2024 to $3.45 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 9.6% is projected. The escalation during the historic period can be ascribed to the increased requirements for blood transfusions, escalation in transmissible diseases, government norms and regulations, growth in blood donations and collections, and concerns about global health and pandemics.
The market for blood screening is set to experience swift expansion in the coming years. It is projected to reach a valuation of $5.37 billion by 2029, with a compound annual growth rate (CAGR) of 11.7%. The predicted growth in this period is associated with enhancements in healthcare facilities, outreach programs for public health awareness, progression in the diagnostics of infectious diseases, and readiness to respond to pandemics and global health issues. The forecast period is likely to see trends such as an increase in infectious diseases, automation for greater efficiency, an escalation in the requirements for blood transfusion, focus on safety during transfusion, and pathogen detection research.
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What new trends are reshaping the blood screening market and its opportunities?
Major players in the blood screening market are creating technologies like liquid biopsy to promote early cancer detection, improve treatment monitoring, and facilitate personalized treatment methodologies. A liquid biopsy is a simple, non-invasive test that examines blood or other body fluids to identify cancer cells or genetic material from tumors. For example, in November 2023, Guardant Health, Inc., a biotechnology firm based in the US, introduced Shield blood-based screening tests. The Shield test investigates cell-free DNA (cfDNA) in the bloodstream, which may suggest the existence of colorectal tumors or precancerous growths. It specifically searches for changes in DNA fragments that are shed into the blood from cancer cells.
What major market segments define the scope and growth of the blood screening market?
The blood screening market covered in this report is segmented -
1) By Product: Reagents And Kits, Instruments, Software And Services
2) By Technology: Nucleic Acid Testing, Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Tests, Western Blot Assays, Next-Generation Sequencing (NGS)
3) By End User: Blood Banks, Diagnostic Centers And Pathology Labs, Hospitals, Clinics, Ambulatory Surgical Centers (ASCs)
Subsegments:
1) By Reagents And Kits: Diagnostic Reagents, Testing Kits
2) By Instruments: Automated Analyzers, Manual Testing Equipment
3) By Software And Services: Laboratory Information Management Systems (LIMS), Data Analysis Software, Support And Consulting Services
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Which region dominates the blood screening market?
North America was the largest region in the blood screening market in 2024. The regions covered in the blood screening market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the blood screening industry growth?
Major companies operating in the blood screening market include Abbott Laboratories, Grifols S.A., Becton Dickinson and Company, F. Hoffmann-La Roche AG, bioMérieux S.A., Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Ortho Clinical Diagnostics Inc., Beckman Coulter Inc., Siemens Healthineers AG, GE Healthcare, DiaSorin S.p.A., Merck KGaA, PerkinElmer Inc., Bio-Techne Corporation, Roche Diagnostics GmbH, Danaher Corporation, Sysmex Corporation, Natera Inc., GenMark Diagnostics Inc., QIAGEN N.V., Hologic Inc., Luminex Corporation, Trinity Biotech plc, Fujirebio Inc., OraSure Technologies Inc., Immunetics Inc., Accelerate Diagnostics Inc., Cepheid Inc., T2 Biosystems Inc., Haemonetics Corporation, HTG Molecular Diagnostics Inc., Verax Biomedical Inc.
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What Is Covered In The Blood Screening Global Market Report?
• Market Size Forecast: Examine the blood screening market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the blood screening market for a structured understanding.
• Key Players Overview: Analyze major players in the blood screening market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the blood screening market.
• Segment Contributions: Evaluate how different segments drive overall growth in the blood screening market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the blood screening market.
• Industry Challenges: Identify potential risks and obstacles affecting the blood screening market.
• Competitive Landscape: Review strategic developments in the blood screening market, including expansions, agreements, and new product launches.
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