The report predicts the global Blood Screening Market to grow with a CAGR of 10.4% over the forecast period from 2022-2031.
The blood screening market is CAGR 10.4% and is expected to reach $ 2.55 billion by 2031 from $ 1.5 billion in 2022. This market is categorized by product and service, technology, end user, and region. Based on products and services, the blood screening market is divided into equipment (hardware), reagents, and software and services. The reagent segment has the largest share of the blood screening market and is expected to grow at the highest CAGR over the next five years. Increased NAT adoption, increased blood donations, disposable reagents, and increased demand for transfusion blood are driving the growth of this segment.
Blood donations are the main contributors to the growth of the blood screening market. And increased number of blood donors, increased awareness of the safety of donated blood, increased affordability for patients, and increased demand for donated blood. In addition, the increasing adoption of NAT by governments in each country is another major driver of growth in this market. For example, in 2014, the Japanese Red Cross Society signed an agreement with Grifols (Spain) on a nucleic acid test (NAT) for whole blood donated in Japan. The deal is expected to support the growth of the blood screening market during the forecast period.
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Apart from comprehensive regional and product analysis and market size, this report also provides a competitive environment that covers the growth strategies adopted by industry players over the last three years. In addition, the corporate profile includes basic views on key players in the blood screening market and product portfolios, developments, and strategies adopted by market players to maintain and increase market share in the near future. The above market research data, current market size, and forecast of future trends are for key players and new entrants to invest in R & D for product delivery, regional focus, strategic approach changes, product and technology innovation, And to help you make the necessary decisions about production levels to stay successful
Reasons to buy a report:
This report enriches both existing and new entrants / small and medium-sized enterprises, measures market beating and Helps companies gain greater market share. Companies purchasing this report may use any or a combination of the following five strategies (market penetration, product development / innovation, market development, market diversification, competitive assessment) to enhance market share: This report provides
insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolio of top players in the blood screening market. This report analyzes the blood screening market by product and service, technology, end user, and region.
- Product Development / Innovation: Detailed insights into future technologies, R & D activities, and new product launches in the blood screening market
- Competition Rating: Detailed assessment of market strategies, regions and business segments, and product portfolios of key players in the blood screening market
- Market Development: Comprehensive information about profitable emerging markets. This report analyzes the markets for various blood screening products across the region.
- Market Diversification: Comprehensive information on new products and services, untapped regions, recent developments, and investments in the blood screening market.
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