Blood Transfusion Diagnostics Market will Account for Around US$6.0 bn by the end of 2025

Global Blood Transfusion Diagnostics Market: Automated Procedures Augur well for Future, notes TMR

As per the estimations of the TMR report, the demand in the global blood transfusion diagnostics market will increment at a healthy CAGR of 6.8% during the forecast period of 2017 to 2025, reaching a valuation of US$6.0 bn by the end of 2025, significantly up from its evaluated worth of US$3.3 bn in 2016. As far as recent market developments is concerned, Abbott Laboratories and St. Jude Medical, Inc., announced definitive agreement for Abbott to acquire St. Jude Medical, creasing a premier medical device leader with top positions and high growth worldwide. BAG Health Care GmbH launched a new BAGene kid and a new BAGene format to improve the results of its existing product BAGene SSP kit.

The Blood Transfusion Diagnostics Market is segmented on the basis of expression system, product type, application, end user and region.

Based on product-type, the global blood transfusion diagnostics market has been segmented into kits & reagents and instruments. The kits & reagents segment accounted for the most prominent share of the global blood transfusion diagnostics market in 2016, which was a reflection of their proven benefits in early recognition of the disease and blood grouping. However, the instruments segment is projected to expand at a significantly slower growth rate during the forecast period with the increasing modernization of the automated tools.

Application-wise, the global market for blood transfusion diagnostics has been bifurcated into blood grouping and disease screening. The disease screening category has been further divided into molecular disease screening and serological disease screening. In 2016, the disease screening segment dominated the global blood transfusion diagnostics market, highlighting the need for procedures that can ensure that all donated blood is safe and recipients get the safest products. However, blood grouping segment is expected to grow at a slower rate during the forecast period owing. This is owing to the introduction of technologically advanced products that can perform blood grouping and disease screening at the same time in one step. The molecular disease screening sub-segment held a major market share in 2016, whereas serological disease screening sub-segment is anticipated to expand at a high CAGR during forecast period. In terms of end-users, the global blood transfusion diagnostics market gains maximum share of demand from hospitals, significantly more than diagnostic laboratories and blood banks.

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1 Preface

2 Assumptions and Research Methodology

3 Executive Summary: Global Blood Transfusion Diagnostics Market

4 Market Overview

5 Global Blood Transfusion Diagnostics Market Analysis and Forecasts, by Product Type

6 Global Blood Transfusion Diagnostics Market Analysis and Forecasts, by Application

7 Global Blood Transfusion Diagnostics Market Analysis and Forecasts, by End-user

8 Global Blood Transfusion Diagnostics Market Analysis and Forecasts, by Region

9 North America Blood Transfusion Diagnostics Market Analysis and Forecasts

10 Europe Blood Transfusion Diagnostics Market Analysis and Forecasts

11 Asia Pacific Blood Transfusion Diagnostics Market Analysis and Forecasts

13 Middle East & Africa Blood Transfusion Diagnostics Market Analysis and Forecasts

14 Competitive Landscape

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