The increasing demand for donated blood, the rising number of blood donations, the growing prevalence of infectious diseases, and the increasing prevalence of newer pathogens are the key factors driving the growth of this market.
The Blood Screening Market is
projected to reach USD 3.5 billion by 2025 from USD 1.9 billion in 2020, at a
CAGR of 12.8%.
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The reagents & kits segment accounted for the largest share of
the blood screening market, by product & service, in 2019
Based
on product & service, the blood screening market is segmented into reagents
and kits, instruments, and software and services. The reagents and kits segment
accounted for the largest share of the blood screening market in 2019. The
large share of this segment can be attributed to the high consumption and
repeated use of reagents & kits in blood screening procedures. Also, the
accessibility of a wide range of reagents and the need for reliable, specific,
and fast detection of TTIs are driving the growth of the blood screening
reagents & kits market.
Blood banks segment to register the highest growth rate during the
forecast period
Based
on end users, the blood screening market is segmented into blood banks and
hospitals. The blood bank segment accounted for the larger market share in 2019
and is projected to witness a higher growth rate during the forecast period.
This can be attributed to the increasing demand for donated blood, a growing
number of organ transplantation surgeries, rising awareness regarding the
safety of blood, an increasing number of donations worldwide, and growth in
government funding to charitable trusts.
North America is the largest regional market for blood screening
Based
on region, the blood screening market is segmented into North America, Europe,
the Asia Pacific, Latin America, and the Middle East and Africa. In 2019, North
America accounted for the largest market share, followed by Europe. Factors
such as the increasing demand for donated blood, the rising number of blood
donations, the growing prevalence of infectious diseases, and the increasing
prevalence of newer pathogens, the presence of high-quality infrastructure for
hospitals and clinical laboratories, and the presence of major market players
in the region are driving the growth of the blood screening market in North
America.
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Top Key
Players :-
The
prominent players operating in the blood screening market include Grifols
(Spain), F. Hoffmann-La Roche AG (Switzerland), Abbott Laboratories (US),
BioMérieux (France), Bio-Rad Laboratories (US), Siemens Healthineers (Germany),
Danaher Corporation (US), Thermo Fisher Scientific Inc. (US) ,Ortho Clinical
Diagnostics, Inc.(US), Becton, Dickinson and Company (US), DiaSorin (Italy),
GFE (Germany), Trinity Biotech (Ireland), Merck Millipore (Germany), GE
Healthcare (US), Perkin Elmer (US), Bio-Techne Corporation (US), and J Mitra
& Co. Pvt. Ltd (India).
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