Blood Transfusion Diagnostics Market Analysis
Global blood transfusion diagnostics market is projected to touch USD 2.45 billion at an 8.2% CAGR between 2017-2023, states the new Market Research Future (MRFR) report. Blood transfusion diagnostics, simply put, are devices that are used for conducting tests prior to the blood transfusion from donor recipient. A patient may need a blood transfusion for a number of reasons, such as during major surgery, serious injury, or having diseases such as kidney disease or leukemia.
Numerous factors are adding to the growth of the global blood transfusion diagnostics market. These factors, according to the latest Market Research Future report, include the development of advanced diagnostics, increasing rate of road accidents, a significant increase in various infectious diseases such as viral and bacterial allergic disorders, human immunodeficiency virus infection, and hepatitis, and rise in surgical procedures. Additional factors adding to the growth of the blood transfusion diagnostics market include increasing awareness regarding the need for effective blood transfusion, increasing number of blood donation camps, increasing need for blood transfusion, and increasing number of blood donors.
On the contrary, high operating costs, strict regulatory approval policies, lack of skilled technicians, and increasing incidences of complications at the time of blood transfusion are factors that may deter the global blood transfusion diagnostics market growth during the forecast period.
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Blood Transfusion Diagnostics Market Segmentation
The Market Research Future report provides a complete segmental analysis of the global blood transfusion diagnostics market based on the product, technology, and end users.
By product, the global blood transfusion diagnostics market has been segmented into albumin, red blood cells, immunoglobulin preparations, plasma, platelets, and others.
By technology, the blood transfusion diagnostics market has been segmented into rapid test, fluorescence assay, nucleic acid amplification, ELISA, western blot, and others. The ELISA segment is again segmented into fluorescence immunoassays (FIA), colorimetric immunoassay (CI), and chemiluminescence immunoassay (CLIA). The nucleic acid amplification segment is further segmented into real-time PCR and thermomechanical analysis (TMA).
By end users, the global blood transfusion diagnostics market is segmented into laboratories, blood banks, clinics, and hospitals. Of these, blood banks will command the largest share in the market during the forecast period.
Blood Transfusion Diagnostics Market Regional Analysis
By region, the global blood transfusion diagnostics market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific, and the Middle East and Africa. Of these, the Americas will command the largest share in the market during the forecast period. Numerous factors are adding to the growth of the blood transfusion diagnostics market in the region such as stringent rules related to transfusion and storage of blood, automation of blood banks, increasing use of nucleic acid implication diagnosis test, and ample non-government organizations conducting awareness programs and camps for cancer patients for safe handling of blood.
The global blood transfusion diagnostics market in Europe will hold the second-largest share in the market during the forecast period for the increasing partnerships between government bodies and NGOs, available skilled healthcare experts, and the need for an improved diagnostics test.
In the APAC region, the blood transfusion diagnostics market will grow at a quick pace during the forecast period. Numerous factors are adding to the growth of the blood transfusion diagnostics market in the region, such as an increasing number of donors, demand for the latest technology, and rising penetration of market players.
The blood transfusion diagnostics market in the Middle East and Africa & Latin America will have a slow growth over the forecast period for lack of awareness.
Blood Transfusion Diagnostics Market Key Players
Notable players profiled in the global blood transfusion diagnostics market report include Biokit (Spain), Hologic/Gen-Probe (U.S), Quidel (U.S), Grifols (Spain), Fujirebio (Belgium), DiaSorin (Italy), BAG healthcare (Germany), Abbott Diagnostics (U.S), Diagast (France), Beckman Coulter, Inc. (U.S.), Novartis AG (Switzerland), Becton, Dickinson, and Company (U.S.), Siemens Healthineers (Germany), Bio-Rad Laboratories, Inc. (U.S.), BioMérieux (France), Roche Diagnostics (Switzerland), Thermo Fisher Scientific, Inc. (U.S.), Ortho Clinical Diagnostics, Inc. (U.S.), Grifols (Spain), Beckman Coulter (U.S), Immucor (U.S), and Ortho Clinical Diagnostics (U.S).
Blood Transfusion Diagnostics Industry News
December 2019: Irish doctors have recently pioneered the first-ever blood transfusion unit in the world from land to sea through a special drone. This will offer the potential for cheaper, faster, and safer means to get critical medicines to oil rigs, cruise ships, freighters, and ferries from the land.
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