The global blood screening market size is projected to reach USD 4.09 billion by the end of 2026. The increasing awareness regarding blood disorders will lead to a wider adoption across the world. According to a report published by Fortune Business Insights, titled “Blood Screening Market Size, Share & Industry Analysis, By Product Type (Instruments, and Reagents & Kits), By Technology (Molecular Tests, and Serology Tests), By End User (Independent Clinical Laboratories, Hospital-based Laboratories, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 2.31 billion in 2018 and will exhibit a CAGR of 7.4% during the forecast period, 2019-2026.
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North America to Emerge Dominant; Increasing Investments by Major Companies Will Aid Market Growth
The report analyses the ongoing blood screening market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America currently dominates the global market accounting to the massive adoption of blood screening procedures by people across the country. The increasing awareness regarding the adverse effects of use of contaminated blood has played a major part towards the rapid adoption of this procedure. As of 2018, the market in North America was worth USD 967.0 million and this value is projected to increase further in the coming years.
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A few of the leading companies that are operating in the global blood screening market include:
- Bio-Rad Laboratories, Inc.
- Hoffmann-La Roche
- Ortho Clinical Diagnostics
- DiaSorin S.p.A.
- Thermo Fisher Scientific Inc.
- Other Players
April 2019: Bio-Rad Laboratories, Inc. announced that it has received approval from the U.S Food Drug and Administration (FDA) for its IH-500 system.
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