Medical Equipment

Global Blood Transfusion Diagnostics Market Outlook, Opportunities And Strategies

December 6, 2021December 6, 2021 by The Business Research Company

Learn about the global blood transfusion diagnostics market through The Business Research Company, which provides information on blood transfusion diagnostics market size, blood transfusion diagnostics market drivers and restraints, blood transfusion diagnostics market players, the COVID-19 impact on the blood transfusion diagnostics market, and more.

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The global blood transfusion diagnostics market is expected to grow from $3.82 billion in 2020 to $4.18 billion in 2021 at a compound annual growth rate (CAGR) of 9.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The blood transfusion diagnostics market is expected to reach $5.28 billion in 2025 at a CAGR of 6%.

Patients undergoing surgical procedures need blood transfusion to replace the lost blood during the procedure. Blood transfusion diagnostics are used during the procedures to screen the blood before transferring it to the patient, and will otherwise increases incidence of infectious disease.

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The blood transfusion diagnostics market consists of sales of blood transfusion diagnostics devices and related services. The related services here includes only installation and maintenance services offered by equipment manufacturers. Blood transfusion diagnostics are the devices which used to conduct tests before transfusion of blood from donor recipient such as blood grouping disease screening.

Global blood transfusion diagnostics market segments include:

By Type: Instruments and Kits, Reagents, Others

By End User: Hospitals, Diagnostic Laboratories, Blood Banks, Plasma Fractionation Companies

By Technology: Western Blot, ELISA, Nucleic Acid Amplification, Fluorescence Assay, Rapid Test

By Application: Blood Grouping, Disease Screening

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The growing demand for advanced diagnostic measures and growing prevalence of infectious diseases associated with pathogens such as bacteria & viruses increase the preference for nucleic acid amplification testing (NAAT/NAT) to increase blood safety, improve efficiency and reduce turnaround time of the results. NAT is a technique that helps detect a particular nucleic acid, virus, or bacteria which acts as a pathogen in blood, tissue, or urine. NAT is highly sensitive and specific for viral nucleic acids and amplifies the region of targeted viral DNA and detects them earlier than the other traditional methods and narrows the period of infectious diseases.

TBRC’s blood transfusion diagnostics market report covers:

Major Market Players: BAG Health Care GmbH, Grifols, Bio-Rad Laboratories, Inc., Abbott Laboratories and Immucor Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Blood Transfusion Diagnostics Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides blood transfusion diagnostics market overviews, analyzes and forecasts market size, share, blood transfusion diagnostics market players, blood transfusion diagnostics market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s blood transfusion diagnostics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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