New York, NY, May 08, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Blood Screening Market By Technology (Rapid Tests, Nucleic Acid Test, Enzyme-Linked Immunosorbent Assay, Next Generation Sequencing, and Western Blot Assay), By Products and Services (Reagents & Kits, Standards & Controls, Buffers, Nucleotides & Solutions, Immunosorbents, Conjugates, Sample Diluents & Wash Solutions, Software & Services, Enzymes & Polymerases, Probes & Primers, Labeling & Detection Reagents, Controls, Substrates, and Instruments), and By End-User (Blood Banks and Hospitals): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2018–2025”. According to the report, the global blood screening market was around USD 2,133 million in 2018 and is expected to reach approximately USD 3,989 million by 2025, at a CAGR of around 10.23% between 2019 and 2025.
Blood is a red liquid with suspended proteins and cells and contains white blood cells, red blood cells, and platelets. Blood plays a key role in the transport of oxygen and nutrients to the cells in the entire body. Blood screening is the process of blood examination for a particular disease. The early identification of diseases helps in curing and monitoring diseases. Blood screening is essential for the diagnosis of diseases, such as cancer, HIV (Human Immunodeficiency Virus), etc. Rising health expenditure, increasing acceptance of nucleic acid testing, and technological advancements witnessed in the blood screening process are driving the blood screening market growth globally. Initiatives undertaken by various governments and government associations for healthcare are creating new growth opportunities for the global blood screening market. However, compound regulatory frameworks, shortage of skilled workforce, and the existence of substitute technologies may hamper the global blood screening market growth.
Browse through 54 Tables & 33 Figures spread over 110 Pages and in-depth TOC on “Global Blood Screening Market: By Size, Technology, Industry Share, Segments, Applications, Analysis and Forecast, 2018–2025”.
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The technology segment of the global blood screening market includes rapid tests, nucleic acid test, enzyme-linked immunosorbent assay, next generation sequencing, and western blot assay. The nucleic acid test segment is sub-divided into transcription-mediated amplification and real-time polymerase chain reaction. The enzyme-linked immunosorbent assay is bifurcated into platform and generation. On the basis of platform, the enzyme-linked immunosorbent assay segment is sub-divided into chemiluminescence immunoassay, colorimetric immunoassay, and fluorescence immunoassay. The next generation segment further includes first generation, second generation, third generation, fourth generation, and above. On the basis of product and services, the blood screening market is segmented into standards and controls, reagents and kits, buffers, immunosorbents, conjugates, sample diluents and wash solutions, nucleotides and solutions, enzymes and polymerases, software and services, controls, probes and primers, substrates, instruments, and labeling and detection reagents. By end-user, the market includes blood banks and hospitals.
By region, North America is projected to lead the blood screening market globally in the future due to various technological advancements made in the blood screening process, patients’ ability to afford the costly medical procedures, and various government initiatives and regulations. On August 2016, the FDA suggested the testing of all the donated blood in the U.S. and its territories to prevent transmission of Zika virus through blood supply.
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The Asia Pacific blood screening market is anticipated to grow at the highest pace over the estimated time period, owing to the increasing number of government initiatives, huge investments made by the global players, and rising awareness about blood transferable diseases. For instance, in 2014, The Red Cross in Japan partnered with Grifols for nucleic acid testing (NAT) for a donation camp in Japan. In addition, various initiatives from emerging economies like India to enhance donor’s security and contentment are anticipated to further propel the blood screening market.
The European blood screening market is anticipated to show momentous growth due to the increasing number of blood transfusion procedures and complex surgeries, such as heart surgery, organ transplant, and chemotherapy, which requires a huge amount of blood, performed across the region. Moreover, the rising occurrences of infectious diseases and growing awareness regarding safe blood transfusion are anticipated to further augment the blood screening market growth in the upcoming years. European countries have made blood screening mandatory for parvovirus 19, HBV, HIV, HCV, and other viruses. Major countries contributing in the blood screening market are Germany, France, Italy, UK, and Spain, owing to the presence of regulatory organizations like International Red Cross, the Code of International Society of Blood Transfusion, and the German Transfusion Act.
Browse the full “Blood Screening Market By Technology (Rapid Tests, Nucleic Acid Test, Enzyme-Linked Immunosorbent Assay, Next Generation Sequencing, and Western Blot Assay), By Products and Services (Reagents & Kits, Standards & Controls, Buffers, Nucleotides & Solutions, Immunosorbents, Conjugates, Sample Diluents & Wash Solutions, Software & Services, Enzymes & Polymerases, Probes & Primers, Labeling & Detection Reagents, Controls, Substrates, and Instruments), and By End-User (Blood Banks and Hospitals): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/blood-screening-market
The Middle East and Africa and Latin America are projected to show moderate growth in the future. The growth in these regions can be attributed to the increasing investments, huge spending on the diagnosis of diseases like hemophilia, diseases for newborns, increasing disposable income, rising chronic infection rates, growing awareness regarding safe blood transfusion.
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Some major players operating in the global blood screening market are Grifols, Abbott Laboratories, Thermo Fisher Scientific, Beckman Coulter, Bio-Rad Laboratories, bioMérieux, Ortho Clinical Diagnostics, Siemens Healthineers, Roche Diagnostics, and Becton, Dickinson, and Company.
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This report segments the global blood screening market into:
Global Blood Screening Market: Technology Analysis
- Rapid Tests
- Nucleic Acid Test
- Enzyme-Linked Immunosorbent Assay
- Next Generation Sequencing
- Western Blot Assay
Global Blood Screening Market: Products & Services Analysis
- Reagents and Kits
- Standards and Controls
- Buffers
- Nucleotides and Solutions
- Immunosorbents
- Conjugates
- Sample Diluents and Wash Solutions
- Software and Services
- Enzymes and Polymerases
- Probes and Primers
- Labeling and Detection Reagents
- Controls
- Substrates
- Instruments
Global Blood Screening Market: End-User Analysis
- Blood Banks
- Hospitals
Global Blood Screening Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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