Blood Screening Market To Showcase Huge Growth Due To Surging Adoption of Nucleic Acid Amplification Test And Rising Awareness Regarding Health Till 2024 | Million Insights

Blood Screening Market To Showcase Huge Growth Due To Surging Adoption of Nucleic Acid Amplification Test And Rising Awareness Regarding Health Till 2024 | Million Insights

“Million Insights – World’s Fastest Growing Market Research Database”
According to new report available with Million Insights, the global blood screening industry report offers the most up-to-date data on current market scenario, trends and future outlook. This study provides numerous opportunities for market players to invest for research and development in the market.

Global Blood Screening Market is anticipated to reach USD 3.9 billion by 2024. It is anticipated to grow at a healthy rate in the years to come. Blood is a living tissue made up of liquid, with several proteins and cells suspended in it. It contains red blood cells, circulating fluid, platelets, and white blood cells. It offers nutrition and oxygen to the body cells through arteries, capillaries, and veins. It also helps in removal of carbon dioxide and metabolic waste from the body. Blood screening implies medical procedure wherein blood is inspected for a specific condition or disease. It helps to monitor health issues & diseases and a chronic ailments such as cancer and infections.

The facts that propel the growth of the Market include surge in adoption of nucleic acid amplification test (NAT), increase in prevalence of infectious diseases, rise in awareness regarding healthcare, and increase in the number of blood donations. Furthermore, surge in healthcare expenditure, increase in healthcare initiatives by government, and technical developments in blood screening technologies have resulted in the market growth.

On the other hand, factors such as dearth of skilled manpower, high operating costs, and strict regulatory approvals may hinder the market development. The introduction of pathogen reduction technology and microbiology screening & multiplexing are anticipated to offer profitable opportunities for the blood screening market. and grow at a significant CAGR of 10.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

To download the sample PDF of “Blood Screening Market Report” please click here:

Blood Screening Market may be analyzed based on technology, product outlook, end users, and geography. The Market may be explored by technology as ELISA, Chemiluminescence Immunoassay (CLIA), and Enzyme Immunoassay (EIA), Nucleic Acid Amplification Test (NAT), Western Blotting, and Next-Generation Sequencing (NGS). The NAT may be further split into real-time PCR and transcription-mediated amplification (TMA). The “NAT” dominated the blood screening market in 2016 and is anticipated to maintain its dominance by 2024 due to growing number of blood donations, increasing occurrence of transferrable diseases, and growing disposable income with respect to reimbursement for NAT-tested blood.

Furthermore, the increasing consciousness about advanced and innovative applications of NAT in disease screening and the growing demand for safe donated blood by patients suffering from thalassemia, hemophilia, and sickle-cell anemia boost the development of this technology sector. Blood Screening Market may be explored by product outlook as Reagent& kit, and Instrument.

The market may be analyzed based on end user into Blood Banks, and Hospitals. The “blood banks” segment dominated the market in 2016 and anticipated to maintain its dominance by 2024 due to factors such as growing demand for donated blood, rising number of rising awareness regarding the safety of blood, organ transplantation surgeries, growing number of donations worldwide, and development in government funding to charitable trusts.

North America accounted for the major share of the global Blood Screening Industry in 2016 and will continue to lead in the forecast period due to factors such as growing participation of several government associations in screening & transfusion activities and blood donations, and rising adoption of nucleic acid tests (NAT).

Some of the key players that fuel the growth of the Blood Screening Market include Becton, Danaher Corporation, Abbott Laboratories, Bio-Rad Laboratories, Inc., Beckman Coulter, Inc, F. Hoffmann-La Roche Ltd, Grifols, Dickinson and Company, Ortho Clinical Diagnostics, Siemens AG, and Thermo Fisher Scientific Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

To browse report summary & detailed TOC, please click the link below:

Market Segment:

Blood Screening Technology Outlook (Market Revenue in USD Million, 2013 – 2024)
    • Nucleic Acid Amplification Test (NAT)
    • ELISA
    • Chemiluminescence Immunoassay (CLIA) and Enzyme Immunoassay (EIA)
    • Next-Generation Sequencing (NGS)
    • Western Blotting

Blood Screening Product Outlook (Market Revenue in USD Million, 2013 – 2024)
    • Reagent
    • Instrument

Blood Screening Regional Outlook (Market Revenue in USD Million, 2013 – 2024)
    • North America
        • U.S.
        • Canada
    • Europe
        • UK
        • Germany
    • Asia Pacific
        • Japan
        • China
    • Latin America
        • Brazil
    • Middle East and Africa
        • South Africa

Explore the Latest Press Releases by Million Insights:

• Pre-engineered Building Market: The global pre-engineered building market size is projected to reach USD 30.79 billion by 2025 with a CAGR of 15.5%. Rising technological developments in the construction industry and growing urbanization & industrialization in the developing economies such as China, Brazil and India are expected to drive the demand for the market.

• CRISPR And Cas Genes Market: The global CRISPR and cas genes market size is estimated to arrive at USD 7.4 billion by 2028. It is projected to develop by 21.7% CAGR from 2021 to 2028.

About Million Insights      

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India