Blood Transfusion Diagnostics Market size exceeded USD 4.5 Billion in 2021 | insightSLICE
The global Blood Transfusion Diagnostics market size was estimated to be US$ 4.5 billion in 2021 and is expected grow at a CAGR of 6.9% between 2023 to 2032.
The Blood Transfusion Diagnostics Market study includes information on market share, trends, analyses, and forecasts for the years 2022 to 2032. The projection period in this research is from 2022 to 2032, with 2021 serving as the baseline year and years prior to 2020 serving as the historic period.
The report takes into account the competitive environment, and it will present top players in the worldwide Blood Transfusion Diagnostics Market along with a comprehensive company overview and market perspective.
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In addition, the report will include information on important advancements, global and regional sales networks, industry trends, research and innovation initiatives, global workforce, and top-level managers for all significant market participants.
Experts can avoid the transmission of numerous plasma-borne risks such as uncontrolled immune reactions, viral infections, iron deficiencies, and hemolytic reactions thanks to blood transfusion-based diagnostics. The existence of AIDS, Syphilis, Hepatitis B, C, and West Nile virus is also detected by a proper diagnosis.
According to the Lung, Heart, and Blood Foundation, a decline in RBC count is the most widely recognized problem, with iron deficiency accounting for the majority of instances. As a result, the need for blood transfusion diagnostics would surely grow over the projected timeframe due to the increase in RBC transfusions.
Surprisingly, the size of the global blood transfusion diagnostics market has increased dramatically over the past several years due to a logically rising number of people undergoing medical operations for various blood-related chronic illnesses like sickle cell and aplastic anemia.
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The key players of the Global Blood Transfusion Diagnostics Market are:
The key players involved in the global blood transfusion diagnostics market are Abbott Laboratories, Electro Medical Technologies, Ortho Clinical Diagnostics, Grifols S.A., Immucor Inc., Diamond Diagnostics, Diagnostica Stago, F. Hoffmann-La Roche Ltd; Bio-Rad Laboratories, Inc., and Quotient Ltd, others.
Driving factors for the growth of Global Blood Transfusion Diagnostics Market
Important industry participants are focusing on improving their products to provide better patient consideration and more advanced diagnostics.
This will enable them to distinguish themselves from the rival players. For instance, Ortho Clinical Diagnostics claimed in November 2020 that its semi-robotized ORTHO Optix scanner was similar to the CE mark standard.
This diagnosis tool will assist clinicians in improving the utility of its micro-size labs. The plasma transfusion segment is anticipated to have significant growth potential.
For instance, a series of plasma transfusion experiments are currently underway in the US, in which authorized medical personnel is extracting fluid medium from recovering patients and injecting it into others who are still infected.
It is hypothesized that this strength-giving plasma (convalescent plasma) will improve patients’ resistance to infection very efficiently. The blood collection category of the blood transfusion diagnostics market held a large share in sales and revenue and is expected to grow at a constant CAGR from 2023 to 2032.
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Global Blood Transfusion Diagnostics Market Key Segments:
By Product Type
- Instruments,
- Reagents & kits
- Others
By Application Type
- Blood screening
- blood group type
- Others
By End User Type
- Hospital-based laboratories
- Independent laboratories
- Blood banks
- Hospitals & Clinics
- Rehab Centers
- Others
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of APAC
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of MEA
- South America
- Brazil
- Rest of South America
Understanding the market trajectory will be easy if you have a look at our report for blood transfusion market:
The Blood Transfusion Diagnostics study offers a thorough analysis of the major shareholders with a focus on the industry-leading segment that handles the manufacture and marketing of these products. Additionally, a detailed estimate of the market share of well-known corporations’ global reach will be provided.
The study also takes critical competitive information like corporate strategy, product portfolio, key developments, and R&D proposals into account for all the players in the Blood Transfusion Diagnostics industry.
All members in the supply chain and distribution network will be considered, along with their key contributions, within this report.
The Blood Transfusion Diagnostics segment’s whole product line will be the focus of the product portfolio and key development segments, which will also present the most recent developments in strategic partnerships, licensing agreements, mergers, and acquisitions, and regional expansion.
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