As per Zion Market research, the global blood screening market is expected to cross a value of USD 3,989 Million by 2025 with a 10.23% CAGR. The market was valued at USD 2,133 million in 2018. The elevating number of blood donations, the rising requirement for donated blood, the increasing occurrence of infectious diseases, and the rising occurrence of newer pathogens are the reasons mainly powering the development of this global market.
Major players in the global blood screening market comprise Bio-Techne Corporation, Grifols, Abbott Laboratories, F. Hoffmann-La Roche AG, Bio-Rad Laboratories, BioMérieux, Danaher Corporation, Siemens Healthineers, Ortho Clinical Diagnostics, Inc., Thermo Fisher Scientific Inc., GFE, DiaSorin, Merck Millipore, Trinity Biotech, Perkin Elmer, GE Healthcare, and J Mitra & Co. Pvt. Ltd.
Reagents And Kits Category To See The Max Development In The Years To Come
On the basis of product & service, the global market is divided into instruments, reagents and kits, and services & software. The reagents and kits category has displayed the highest development in the global market and is predicted to carry on growing in the coming years. This development is credited to the convenience of a broad series of reagents and the requirement for specific, reliable, and fast detection of TTIs. Moreover, the obligation for ELISA trialing in various nations, the increasing number of blood donations, and the increasing requirement for blood transfusion for curing blood diseases have added to the growth of the market.
North America Is The Largest Area For The Global Blood Screening Market
Based on region, the global market is divided into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America added up for the biggest share in the market, after Europe. Factors such as the elevating number of blood donations, the rising requirement for donated blood, the increasing occurrence of infectious diseases, and the rising occurrence of newer pathogens are powering the development of the North American market.
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This review is based on a report by Zion Market Research, titled “Blood Screening Market by Product (Reagent & Kits, Instrument, Software), Technology (Real Time PCR, Nucleic Acid Amplification, Chemiluminescence Immunoassay, ELISA, Western Blot, Rapid Test), End User (Hospital, Blood Bank), and Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025”