Global Blood Transfusion Diagnostics Market By Product By Application, By End Use & Region: Segmental Insights, Growth, Comparative Analysis, Trends and Forecast, 2023 – 2031
- Industry: Healthcare
- Report ID: TNR-110-910
- Number of Pages: 420
- Table/Charts : Yes
- November, 2023
- Base Year : 2024
- No. of Companies : 10+
- No. of Countries : 29
- Views : 12276
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Global Blood Transfusion Diagnostics Market was valued at US$ 4.70 Billion in 2022, Growing at an Estimated CAGR of 5.87% from 2023-2031.
Blood transfusion diagnostics involves a set of tests conducted to ensure compatibility between the donor’s blood and the recipient’s blood during a transfusion. It focuses on identifying blood groups (A, B, AB, O) and Rh factor (positive or negative), preventing adverse reactions. The process includes ABO and Rh typing, where specific antigens and antibodies are matched to prevent immune reactions. Additionally, cross-matching tests verify compatibility by mixing donor and recipient blood samples in controlled conditions. These diagnostics also screen for infectious diseases like HIV, hepatitis, and syphilis in the donor’s blood to safeguard the recipient’s health. Blood transfusion diagnostics play a crucial role in maintaining the safety and effectiveness of blood transfusions, saving lives while minimizing risks.
Among products, reagents & kits are dominating in terms of demand. Surveys conducted within the medical and healthcare industry indicate a consistent requirement for high-quality and specialized reagents and kits for blood typing, cross-matching, and infectious disease screening. These consumables are crucial for ensuring the safety and compatibility of blood transfusions.
Global Blood Transfusion Diagnostics Market Revenue & Forecast, (US$ Million), 2015 – 2031
COVID-19 Impact Analysis on Global Blood Transfusion Diagnostics Market
The blood transfusion diagnostics market experienced distinct shifts before and after COVID-19. Pre-pandemic, the market was steadily growing due to the consistent demand for blood typing, compatibility testing, and disease screening in healthcare settings. However, the onset of the pandemic brought both challenges and opportunities. During COVID-19, healthcare systems worldwide faced unprecedented strain, and while routine medical procedures were affected, the need for safe and accurate blood transfusions remained crucial.
Blood Transfusion Diagnostics played a vital role in maintaining the safety of blood supplies and preventing transmission of infections. The pandemic emphasized the significance of robust diagnostic systems to ensure patient well-being. As the world emerges from the crisis, the blood transfusion diagnostics market is poised to adapt to new healthcare norms, combining technology and safety measures to continue delivering reliable blood compatibility testing and disease screening.
Report Coverage and Deliverables:
An important driver for the blood transfusion diagnostics market is the rising demand for blood transfusions globally. According to surveys conducted by healthcare organizations, the prevalence of medical conditions requiring blood transfusions, such as surgeries, trauma cases, and chronic diseases, is increasing. This drives the need for accurate blood grouping, compatibility testing, and disease screening to ensure safe and effective transfusions. For instance, a notable increase in surgical procedures in various countries has contributed to the consistent demand for reliable blood transfusion diagnostics, highlighting the critical role of these diagnostics in healthcare.
A significant restraint on the blood transfusion diagnostics market is the stringent regulatory landscape governing diagnostic products. Database records from regulatory authorities showcase the extensive regulatory scrutiny that blood transfusion diagnostic products undergo before approval. The thorough evaluation process, although essential for patient safety, can lead to extended product development timelines and increased costs. Surveys among diagnostic manufacturers indicate that navigating these complex regulatory requirements can pose challenges, especially for smaller companies with limited resources. This can potentially impede rapid market entry and innovation, hindering the market’s growth to some extent.
Blood grouping remains a dominant application due to its critical role in ensuring blood compatibility during transfusions. Surveys conducted among healthcare professionals underscore the ongoing need for accurate blood typing and cross-matching, especially in emergency situations and surgeries. The demand for reliable blood grouping solutions has consistently remained high.
North America dominated the global blood transfusion diagnostics market in 2022. The region holds a substantial market share due to its robust healthcare infrastructure and advanced diagnostic adoption. According to surveys by healthcare institutions, North America exhibits consistent demand for precise blood transfusion diagnostics due to the region’s high volume of medical procedures and surgeries. Regulatory databases highlight the stringent quality norms upheld in the region, indicating its commitment to maintaining diagnostic accuracy and patient safety. The American Red Cross reports that the US alone requires over 13,000 blood donations daily, emphasizing the substantial demand for accurate blood grouping and compatibility testing.
Competitive Landscape
The report provides both, qualitative and quantitative research of global blood transfusion diagnostics market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
Some of the players operating in the global blood transfusion diagnostics market are
- Abbott
- Beckman Coulter, Inc.
- BIOMERIEUX
- Bio-Rad Laboratories, Inc.
- F. Hoffmann-La Roche Ltd
- Grifols, S.A.
- MedGenome
- Ortho Clinical Diagnostics
- Quotient Suisse SA
- Siemens Healthcare Private Limited
- Other Industry Participants
Global Blood Transfusion Diagnostics Market Report Coverage
Report Specifications | Details |
Market Revenue in 2022 | US$ 4.70 Billion |
Market Size Forecast by 2031 | US$ 6.68 Billion |
Growth Rate (CAGR) | 5.87% |
Historic Data | 2015 – 2021 |
Base Year for Estimation | 2022 |
Forecast Period | 2023 – 2031 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Product, By Application, By End Use |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | Abbott, Beckman Coulter, Inc., BIOMERIEUX, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd, Grifols, S.A., MedGenome, Ortho Clinical Diagnostics, Quotient Suisse SA, Siemens Healthcare Private Limited, Other Industry Participants |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
Japan (Toll-Free): – +81 663-386-8111 South Korea (Toll-Free): – +82-808- 703-126 Saudi Arabia (Toll-Free): – +966 800 850 1643 United States: +1 302-232-5106 United Kingdom: +447537105080 E-mail: askanexpert@thenicheresearch.com
|
Global Blood Transfusion Diagnostics Market:
By Product
- Reagents and kits
- Instruments
- Others
By Application
- Blood Grouping
- Disease Screening
-
- Serological disease screening
- Molecular disease screening
By End-use
- Hospitals
- Blood Banks
- Diagnostic Laboratories
- Others
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Table of Contents
Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.
**Exclusive for Multi-User and Enterprise User.
Global Blood Transfusion Diagnostics Market Segmentation
By Product
By Application
By End-use
By Region
**Note: The report covers cross-segmentation analysis by region further into countries
The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.
Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.
Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.
Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:
- Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
- Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
- Consultant Insights: We tap into the expertise of our partner consultants from around the world to obtain their unique viewpoints and perspectives. Their insights contribute to a well-rounded understanding of the markets under investigation.
- In-House Validation: To ensure data accuracy and reliability, we conduct cross-validation of data points and information through our in-house team of consultants and utilize advanced data modeling tools for thorough verification.
The forecasts we provide are based on a comprehensive assessment of various factors, including:
- Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
- Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
- Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
- Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
- New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
- Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
- End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
- Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
- Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.
Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.