Emerging Importance Of Blood Transfusion Diagnostics In The Surge Of Surgical Procedures: Core Growth Enabler in the Blood Transfusion Diagnostics Market, 2025

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What Will the Blood Transfusion Diagnostics Industry Market Size Be by 2025?
The size of the blood transfusion diagnostics market has expanded swiftly in the past few years. The market is projected to rise from $4.42 billion in 2024 to $4.96 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.2%. Factors such as growth in blood transfusions, surfacing pathogens, an aging populace, an escalating demand for speedy blood transfusion diagnostics, an increased incidence of chronic ailments, and a higher demand for blood have all contributed to its historical growth.

What's the Long-Term Growth Forecast for the Blood Transfusion Diagnostics Market Size Through 2029?
In the coming years, a robust expansion is predicted for the blood transfusion diagnostics market, which is set to reach $6.43 billion by 2029, marking a CAGR of 6.7%. This anticipated surge during the projected period can be ascribed to factors such as the escalating demand for precision medicine, increased spending on blood transfusion infrastructure, rising need for molecular blood transfusions, the introduction of new infectious diseases, and worries about the safety of blood. The predicted period is also expected to witness key trends including advancements in diagnostic procedures, the growth of point-of-care testing, the rise of automation and robotics, the proliferation of nucleic acid testing (NAT), digital integration, broader pathogen panels, and the advent of advanced testing technologies.

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What Are the Key Growth Drivers Fueling the Blood Transfusion Diagnostics Market Expansion?
Blood transfusion diagnostics, which are essential for screening the blood prior to transfusion during surgical interventions, are required to replace the blood lost by patients during these procedures. These screenings prevent the rise of infectious diseases. As reported by the US National Library of Medicine, National Institutes of Health, there are around 310 million surgical procedures conducted annually. The growth in these procedures calls for an increase in the demand for blood transfusion diagnostics.

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What Are the Key Trends Driving Blood Transfusion Diagnostics Market Growth?
The increased need for sophisticated diagnostic procedures and the rising incidence of infectious diseases linked to pathogens like bacteria and viruses has amplified the inclination towards nucleic acid amplification testing (NAAT/NAT). This is to enhance blood safety, boost efficiency, and speed up result times. NAT is a method used to locate a specific nucleic acid, virus, or bacteria that serves as a pathogen in blood, tissue, or urine. NAT is notably sensitive and accurate for viral nucleic acids, it expands the area of targeted viral DNA and can detect them quicker than other conventional methods, cutting down the window of infectious diseases. As an illustration, a licencing deal was signed between XCRP Diagnostic Inc. and Luminex Corporations for XCR Diagnostic's Xtreme Chain Reaction Nucleic Acid Amplification Technology. In this arrangement, Luminex gained exclusive usage rights for XCR Diagnostic's NAAT technology for its prospective molecular diagnostic portfolio.

How Is the Blood Transfusion Diagnostics Market Segmented?
The blood transfusion diagnostics market covered in this report is segmented -

1) By Type: Instruments and Kits, Reagents, Other Types
2) By Technology: Western Blot, ELISA, Nucleic Acid Amplification, Fluorescence assay, Rapid Test
3) By Application: Blood Grouping, Disease Screening
4) By End User: Hospitals, Diagnostic Laboratories, Blood Banks, Plasma Fractionation Companies

Subsegments:
1) By Instruments and Kits: Blood Typing Instruments, Cross-Matching Kits, Blood Screening Instruments, Automated Blood Processing Systems
2) By Reagents: Antisera, Control Solutions, Blood Grouping Reagents, Enzymes and Other Reagents
3) By Other Types: Software Solutions, Consumables, Training And Support Services

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Which Companies Are Leading the Charge in Blood Transfusion Diagnostics Market Innovation?
Major companies operating in the blood transfusion diagnostics market include BAG Health Care GmbH, Grifols S.A., Bio-Rad LaboratoriesInc., Abbott Laboratories, Immucor Inc., Ortho Clinical Diagnostics, DiaSorin S.p.A, Siemens Healthineers, Thermo Fisher Scientific Inc., Beckman Coulter Inc., Novartis AG, F. Hoffmann-La Roche Ltd., bioMerieux, Diagast SAS, Fujirebio, Biokit S.A., QuidelOrtho Corporation, Danaher Corporation, Becton inson and Company, Quotient Biodiagnostics, Sekisui Diagnostics, Sysmex Corporation, Werfen S.A.

Which Regions Are Leading the Global Blood Transfusion Diagnostics Market in Revenue?
The countries covered in the blood transfusion diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

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