Blood Screening Market Size by Type (Reagents & Kits, Instruments, Software & Services), By Technology (Nucleic Acid Testing (NAT), Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Tests, Western Blotting), By End User (Blood Banks, Hospitals), By Geographic Scope and Forecast
Report ID: 23965|No. of Pages: 202
Blood Screening Market Size by Type (Reagents & Kits, Instruments, Software & Services), By Technology (Nucleic Acid Testing (NAT), Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Tests, Western Blotting), By End User (Blood Banks, Hospitals), By Geographic Scope and Forecast
Blood Screening Market Size And Forecast
The Blood Screening Market size was valued at USD 2.7 Billion in 2023 and is expected to reach USD 5.4 Billion in 2031, at a CAGR of 8.6% over the forecast period of 2024 to 2031.
- Blood screening is the process of analysing blood samples to identify infections, illnesses and disorders. It identifies viruses such as HIV, hepatitis and other blood-borne infections, ensuring blood transfusion safety and early detection in medical treatments and thereby contributing to overall public health and disease prevention initiatives.
- Blood screening detects infectious disorders such as HIV, hepatitis and malaria, allowing for safe blood transfusions. It detects chronic disorders like diabetes and high cholesterol, helps with early cancer diagnosis, monitors organ function, and promotes preventative healthcare by detecting risk factors for numerous illnesses, thereby improving general public health and safety.
- Future applications of blood screening will improve early disease identification, allowing for individualized treatment strategies for ailments such as cancer and cardiovascular disease. Advanced technology will improve the accuracy with which genetic markers and infections are identified, allowing for better preventive care, chronic condition monitoring and safer blood transfusions and organ transplantations.
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Blood Screening Market Dynamics
The key market dynamics that are shaping the Blood Screening Market include:
Key Market Drivers:
- Increasing Blood Donations: A growing number of blood donations and transfusions worldwide is driving the demand for efficient blood screening methods.
- Rising Prevalence of Infectious Diseases: The increasing incidence of infectious diseases such as HIV, hepatitis, and Zika virus necessitates rigorous blood screening protocols.
- Technological Advancements: Innovations in blood screening technologies, including nucleic acid amplification tests (NAT) and next-generation sequencing (NGS), are enhancing the accuracy and efficiency of blood tests.
- Government Initiatives: Supportive government policies and funding for blood safety programs are propelling the market growth.
- Public Awareness: Increased public awareness about the importance of blood safety is contributing to the market expansion.
Key Challenge:
- High Costs of Screening: The high cost of advanced screening technologies can be a barrier for adoption, especially in developing countries.
- Regulatory Stringency: Stringent regulatory requirements and lengthy approval processes for new screening technologies can hinder market growth.
- Limited Access in Low-Income Regions: Limited infrastructure and resources in low-income regions restrict the implementation of advanced blood screening methods.
Key Trends:
- Automation in Blood Screening: The integration of automation in blood screening processes is improving throughput and reducing manual errors.
- Adoption of Artificial Intelligence: AI and machine learning are being increasingly adopted for data analysis and interpretation in blood screening, enhancing diagnostic accuracy.
- Point-of-Care Testing: The rise of point-of-care testing (POCT) for blood screening is providing quick and reliable results, particularly in remote and underserved areas.
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Blood Screening Market Regional Analysis
Here is a more detailed regional analysis of the blood screening market:
North America
- According to Verified Market Research, North America is expected to dominate the blood screening market.
- This dominance is driven by a high demand for blood transfusions, advanced healthcare infrastructure, and the presence of established players like Grifols, Abbott Laboratories, and Bio-Rad Laboratories.
- Additionally, stringent regulatory frameworks and public awareness about blood safety contribute to North America’s leading position in the market.
Asia Pacific
- According to Verified Market Research, Asia Pacific is fastest growing region in blood screening market.
- The Asia Pacific region is expected to witness the highest growth rate in the blood screening market.
- The expanding healthcare infrastructure, increasing blood donations, and rising prevalence of infectious diseases are driving the market growth.
- Countries like China, India, and Japan are focusing on enhancing their blood screening protocols and adopting advanced technologies.
Blood Screening Market Segmentation Analysis
The Blood Screening Market is segmented on the basis of Type, Application and Geography.
Blood Screening Market, By Type
- Reagents & Kits
- Instruments
- Software & Services
Based on Type, the market is segmented into Reagents & Kits, Instruments and Software & Services. Reagents & kits accounted for the largest market share in the global blood screening market. The growing prevalence of infectious diseases and the rising need for safe blood transfusions have driven the demand for high-quality reagents and kits. These products are essential for detecting pathogens in donated blood, ensuring the safety and reliability of blood transfusions. As healthcare facilities and blood banks prioritize accuracy and efficiency in blood screening processes, the adoption of advanced reagents and kits is significantly increasing. This trend reflects the ongoing efforts to enhance blood safety and the overall quality of healthcare services.
Blood Screening Market, By Technology
- Nucleic Acid Testing (NAT)
- Enzyme-Linked Immunosorbent Assay (ELISA)
- Rapid Tests
- Western Blotting
Based on Technology, the market is segmented into Nucleic Acid Testing (NAT), Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Tests and Western Blotting. In the Blood Screening Market, Nucleic Acid Testing (NAT) is the dominant technology. NAT is highly favored for its ability to detect viral genetic material at an early stage, significantly reducing the window period during which infections may not be detected by traditional serological methods. This technology ensures a higher level of safety and reliability in blood screening processes, making it crucial for preventing the transmission of infectious diseases through blood transfusions.
Blood Screening Market, By End User
- Blood Banks
- Hospitals
On the basis of End User, the market is divided into Blood banks and Hospitals. In the blood screening market, blood banks are the dominant end users. Blood banks play a critical role in ensuring the safety and availability of blood for transfusions. They employ rigorous blood screening protocols to detect infectious agents, thereby maintaining the highest standards of blood safety and mitigating the risk of transfusion-transmitted infections.
Blood Screening Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Geography, the Blood Screening Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America accounted for the largest market share in the global blood screening market. The region’s dominance is attributed to the well-established healthcare infrastructure, high healthcare expenditure, and the presence of key market players. Moreover, the increasing prevalence of chronic diseases and the rising number of surgical procedures requiring blood transfusions have further boosted the demand for blood screening in North America. The region’s strong focus on blood safety, coupled with continuous advancements in screening technologies, ensures the growth and sustainability of the blood screening market.
Key Players
The “Blood Screening Market” study report will provide valuable insight with an emphasis on the global market, including some of the major players in the industry such as Abbott Laboratories, Grifols, Bio-Rad Laboratories, Roche Diagnostics, Thermo Fisher Scientific, Siemens Healthineers, Ortho Clinical Diagnostics, Becton Dickinson.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Blood Screening Market Recent Developments
- In March 2023, Abbott Laboratories introduced a new high-throughput screening system for detecting infectious diseases in donated blood.
- In August 2023, Roche Diagnostics launched a next-generation sequencing platform for comprehensive blood screening.
- In October 2023, Siemens Healthineers entered into a collaboration with a leading blood bank to implement advanced screening technologies.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Abbott Laboratories, Grifols, Bio-Rad Laboratories, Roche Diagnostics, Thermo Fisher Scientific, Siemens Healthineers, Ortho Clinical Diagnostics, Becton Dickinson. |
| SEGMENTS COVERED | By Type, By Application and By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL BLOOD SCREENING MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL BLOOD SCREENING MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL BLOOD SCREENING MARKET, BY PRODUCT
5.1 Overview
5.2 Reagents & Kits
5.3 Instruments
5.4 Software & Services
6 GLOBAL BLOOD SCREENING MARKET, BY TECHNOLOGY
6.1 Overview
6.2 Nucleic Acid Amplification
6.3 ELISA
6.4 Rapid tests
6.5 NGS
7 GLOBAL BLOOD SCREENING MARKET, BY END USER
7.1 Overview
7.2 Blood Banks
7.3 Hospitals
8 GLOBAL BLOOD SCREENING MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 GLOBAL BLOOD SCREENING MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Share
9.3 Vendor Landscape
9.4 Key Development Strategies
10 COMPANY PROFILES
10.1 Grifols
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 F. Hoffmann-La Roche
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Abbott Laboratories
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Biomerieux
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Bio-Rad Laboratories, Inc.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Siemens Healthineers
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Ortho Clinical Diagnostics, Inc.
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Thermo Fisher Scientific, Inc.
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Beckman Coulter
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Becton, Dickinson and Company
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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