Blood Transfusion Diagnostics Market Size Volume, Share, Demand growth, Business Opportunities, Trends by 2030

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The global Blood Transfusion Diagnostics market size is expected to be worth around US$ 10.8 billion by 2030, according to a new report by Vision Research Reports.

The global Blood Transfusion Diagnostics market size was valued at US$ 4,713.7 million in 2020 and is anticipated to grow at a CAGR of 7.6% during forecast period 2021 to 2030.

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Blood Transfusion Diagnostics Market (By Product: Reagents & Kits, Instruments; By Application: Blood Grouping, Disease Screening; By End-use: Hospitals, Blood Banks, Diagnostic Laboratories) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size US$ 10.8 Billion by 2030
Growth Rate CAGR of 7.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Immucor, Inc.; Ortho Clinical Diagnostics; Abbott; Bio-Rad Laboratories; F. Hoffmann-La Roche AG; Quotient Limited; BAG Healthcare GmbH; DiaSorin S.P.A.; Danaher;BIO KIT (Werfen)

Growth Factors

This growth can be attributed to the increasing rate of approval by the U.S. FDA for blood transfusion diagnostics products. The introduction of new technologies to assist in blood donation and storage is expected to further drive the market.

Growing initiatives for blood donation campaigns is another driver boosting market growth significantly. The slogan for the.2021 was Give blood and keep the world-beating. The major focus of this year’s campaign by WHO was to encourage the young population to donate and ensure a safe blood supply. With economies are relaxing their norms and the number of blood donation campaigns across the world is increasing, the need for blood transfusion diagnostics is expected to increase to the pre-COVID-19 level.

By Product Analysis

The reagents and kits segment dominated the market for blood transfusion diagnostics and accounted for the largest revenue share of 65.8%. Easy availability of products and repetitive purchase of these products required to screen both donor and recipient samples have majorly driven the segment growth.

Increasing the launch of products and approvals for different systems or automated systems by key players for blood transfusion is expected to boost the market growth.

By Application Analysis

The disease screening segment dominated the market for blood transfusion diagnostics and accounted for the largest revenue share of 60.0% in 2020. increasing safety screening of donated blood, to maintain safe transfusion; rising technological advancements; and wide product portfolios offered by key players in the market.

The blood grouping segment is expected to hold a significant revenue share during the study period. These diagnostic tests are commonly performed in the blood banks. Routine blood typing and cross-matching tests performed before transfusion therapy for identifying the compatibility of donor and recipient blood are some of the factors driving the segmental growth.

By End-use Analysis

The blood banks segment dominated the market for blood transfusion diagnostics and accounted for the largest revenue share of 40.9% in 2020. This is due to a large number of disease screening and blood typing services performed before transfusion therapy.

It is mandatory for hospitals to screen donated blood for infections, perform compatibility tests of donor and recipient as a pretransfusion therapy, and set parameters of hematology components. Thus, the hospitals’ segment accounted for significant shares in 2020.

By Regional Analysis

 North America dominated the blood transfusion diagnostics market and accounted for the largest revenue share of 40.1% in 2020. The segment is expected to maintain its position during the forecast period. Increasing health awareness, high disposable income.

In Asia Pacific, the market for blood transfusion diagnostics is expected to grow at the fastest rate during the forecast period. the declining number of donors in Singapore and South Korea has led to less adoption of transfusion diagnostic tools in Asia Pacific.

Key Players

  • Immucor, Inc.
  • Ortho Clinical Diagnostics
  • Abbott
  • Bio-Rad Laboratories
  • F. Hoffmann-La Roche AG
  • Quotient Limited
  • BAG Healthcare GmbH
  • DiaSorin S.P.A.
  • Danaher
  • BIOKIT (Werfen)

Market Segmentation

  • By Product
    • Reagents & Kits
    • Instruments
    • Others
  • By Application
    • Blood Grouping
    • Disease Screening
      • Serological Disease Screening
      • Molecular Disease Screening
  • By End-use
    • Hospitals
    • Blood Banks
    • Diagnostic Laboratories
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Singapore
      • Australia
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • MEA
      • South Africa
      • Saudi Arabia
      • UAE

Browse complete table of contents at@ https://www.visionresearchreports.com/blood-transfusion-diagnostics-market/toc/38912

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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