Blood Transfusion Diagnostics Market Size And Forecast
The Global Blood Transfusion Diagnostics Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Blood Transfusion Diagnostics Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Blood Transfusion Diagnostics Market was valued at USD 3.93 Billion in 2019 and is projected to reach USD 6.96 Billion by 2027, growing at a CAGR of 7.5% from 2020 to 2027.
What is Blood Transfusion Diagnostics?
Blood transfusion is the process of transferring blood as a whole or a blood component from one person to another by intravenous route. Blood components are red blood cells, white blood cells, platelets, plasma and clotting factor. Blood has to be checked before being transferred from one person to another as it may cause transfer of infection or blood borne diseases such as post transfusion prurpura, anaphylactic reactions, delayed hemolytic reaction and febrile non-hemolytic reaction.
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Global Blood Transfusion Diagnostics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increase in awareness about blood transfusion diagnosis to prevent from infectious blood borne diseases and rapidly growing shift towards mechanization of blood banks are fueling the growth of blood transfusion diagnosis market. Additionally, rise in diseases like sickle cell anemia, leukemia and aplastic anemia in which transfer of blood required to increase blood count and to replace blood cells are driving the market growth of blood transfusion diagnosis market. As per World Health Organization (WHO) around 75% of births affects due to blood disorders in 230 countries. Thus, advancement in blood transfusion diagnosis is increasing. Recently in 2019, Abbott got approval from U.S FDA for new blood and plasma screening Alinity system. However, lack of skilled operators and stringent regulation by respective governments are restricting the growth of blood transfusion diagnosis market. In spite of this increasing adoption of automation and advancement in techniques with efficient results are expected to generate huge opportunities for blood transfusion diagnosis market over the forecast period.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Blood Transfusion Diagnostics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Blood Transfusion Diagnostics Market Competitive Landscape
The “Global Blood Transfusion Diagnostics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Ortho Clinical Diagnostics, DiaSorin S.p.A, Abbott, Grifols, S.A., F. Hoffmann-La Roche Ltd, Bio-Rad Laboratories, Inc., Siemens Healthcare Private Limited, Thermo Fisher Scientific Inc., and Beckman Coulter, Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Blood Transfusion Diagnostics Market, By Type
• Instruments and Kits
• Reagents
Blood Transfusion Diagnostics Market, By Application
• Blood Grouping
• Disease Screening
Blood Transfusion Diagnostics Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
o Middle-East-and-Africa
o Latin America
• Rest of the World
o Middle-East-and-Africa
o Latin America
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