Global Blood Transfusion Diagnostics Market was valued US$ 3.6 Bn in 2017 and is expected to reach US$ 5.72 Bn by 2026, at a CAGR of 5.96% during a forecast period. The blood transfusion diagnostics market is segmented into product type, application, end user, and region. In terms of product type, the global blood transfusion diagnostics market is classified into instruments & kits, reagents, and others. Based on application, the global blood transfusion diagnostics market is divided into blood grouping, and disease screening.
Further end user, the global blood transfusion diagnostics market is split into hospitals, diagnostic laboratories, blood banks, and plasma fractionation companies. Based on regions, the global blood transfusion diagnostics market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa.
On the basis of product type, the instruments & kits segment is the highest revenue due to a different kind of diagnostics kits & instruments are used in blood transfusion diagnosis operation. The increasing demand for instruments & kits in hospitals and diagnostic labs are expected to poise the growth of kits & reagent segment during the forecast period.\ Based on the end-user, blood banks segment held the dominant share in terms of revenue due to the blood banks are the major source of blood and other products for transfusion and offer quality blood diagnostic services prior to transfusion. The frequency of blood donation camps around the world is increasing which has resulted in increased focus on adoption of accurate blood testing for different disease parameters.
The diagnostic laboratories & hospital segments are expected to grow at the highest CAGR during the forecast period. The major driving factor of the global blood transfusion diagnostics market is the prevalent use of blood transfusion in disease treatment, blood donation camps, and raising awareness regarding safety during blood donation and donated blood. Additionally, a significant rise in infectious diseases such as hepatitis, human immunodeficiency virus infection, and bacterial & viral allergic disorders are propelling the growth of the global blood transfusion diagnostics market.
Lack of skilled manpower, stringent regulatory policies for approval, and operating costs of testing are hampering the growth of the global blood transfusion diagnostics market. Based on the geography, North America is expected to remain the dominant region over the forecast period owing to the more than 15 million pints of blood are transfused in the United States. Europe is the second largest market in terms of revenue generation followed by the Asia Pacific. Asia Pacific turned out to be the fastest growing market with highest CAGR, developing economies such as India & China are accelerating the growth of Asia Pacific region owing to increased demand for new technology in blood diagnosis and an increasing number of blood donors. The Middle East and Africa and Latin America are expected to experience moderate growth in the blood transfusion diagnostics market during the forecast period.
The key players operating in global blood transfusion diagnostics market are Grifols, Thermo Fisher Scientific, Roche Diagnostics, bioMerieux, Bio-Rad Laboratories, Immucor, Siemens Healthineers, Ortho-Clinical Diagnostics, Becton，Dickinson and Company, Novartis, Beckman Coulter, Ortho-Clinical Diagnostics, Diagast, Abbott Diagnostics, BAG healthcare, DiaSorin, Fujirebio, and Quidel.
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Scope of Global Blood Transfusion Diagnostics Market:
Global Blood Transfusion Diagnostics Market, by Product Type:
• Instruments & Kits
• Reagents
• Others
Global Blood Transfusion Diagnostics Market, by Application:
• Blood Grouping
• Disease Screening
Global Blood Transfusion Diagnostics Market, by End User:
• Hospitals
• Diagnostic Laboratories
• Blood Banks
• Plasma Fractionation Companies
Global Blood Transfusion Diagnostics Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
The key players operating in Global Blood Transfusion Diagnostics Market:
• Grifols
• Thermo Fisher Scientific
• Roche Diagnostics
• bioMerieux
• Bio-Rad Laboratories
• Immucor
• Siemens Healthineers
• Ortho Clinical Diagnostics
• Becton
• Dickinson and Company
• Novartis
• Beckman Coulter
• Ortho Clinical Diagnostics
• Diagast
• Abbott Diagnostics
• BAG healthcare
• DiaSorin
• Fujirebio
• Quidel
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