The Global Blood Transfusion Diagnostics Market is expected to grow at a CAGR of 6.8 % during the forecast period. The market is estimated to grow rapidly during the forecast period. The major factor influencing the growth of the market include increasing prevalence of the haematological disorders. According to survey conducted by national cancer institute 405,815 people were suffering from leukaemia and estimated new cases in 2018 are 60,300, Centers for Disease Control and Prevention (CDC) data states that more than 100,000 patients are suffering from sickle cell disease (SCD) in America, Thus the increasing blood disorders will enhance the growth of global market. Other factors driving the market are: increasing awareness about blood transfusion, increasing automation in blood transfusion process and demand for screened blood products.
Global market of Blood Transfusion Diagnostics is expected to reach USD 2.45 billion in 2023 from USD 1.50 billion in 2016 with a CAGR of approximately 8.2% during the forecast period 2017-2023.
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The global blood transfusion diagnostics market is mainly driven by the growing demand for blood transfusions. The blood transferred during blood transfusions has to be checked for diseases before being transferred to another patient, as bloodborne diseases can be contracted by the recipient. This has led to a growing demand for strong blood transfusion diagnostics infrastructure. In developed regions, the blood transfusion diagnostics infrastructure is widespread and strong due to the high number of blood transfusion procedures carried out in these regions. The receiver of the blood as well as the medical staff are susceptible to diseases contained in donated blood, making it likely that the blood transfusion diagnostics market will grow at a stable growth rate over the forecast period.
Key Players:
Market Research Future (MRFR) recognizes the following companies as the key players in Blood Transfusion Diagnostics Market: There are plenty of large and small market players which operate in this market all over the globe.
Some of the key players profiled in this report are
- Grifols (Spain),
- Roche Diagnostics (Switzerland),
- bioMérieux (France),
- Immucor (U.S),
- Siemens Healthineers (Germany),
- Becton,
- Dickinson and Company (U.S.),
- Beckman Coulter, Inc. (U.S.),
- Beckman Coulter (U.S),
- Diagast (France),
- BAG healthcare (Germany),
- DiaSorin (Italy),
- Fujirebio (Belgium), and More
Grifols (Spain), Biokit (Spain), Thermo Fisher Scientific, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Ortho Clinical Diagnostics, Inc. (U.S.), Novartis AG (Switzerland), Ortho Clinical Diagnostics (U.S), Abbott Diagnostics (U.S), and Quidel (U.S), Hologic/Gen-Probe (U.S).
Industry News:
In February 2019, a two year old in the Tamil Nadu state of India was alleged to have contracted HIV from a blood transfusion. Further enquiries cleared the hospital staff of any wrongdoing, as the source of the HIV was ascertained to be something other than the transfusion. Such incidents reveal the need for strong blood transfusion diagnostics infrastructure, especially in emerging countries.
In October 2018, The FDA (U.S.) approved the first diagnostic test that reports genotypes when evaluating blood compatibility for transfusions, ID Core XT test, developed by Grifols’ Progenika Biopharma unit.
In October 2018, Bio-Rad, a global leader of life science research and clinical diagnostic products, has announced the receipt of FDA clearance for IH-Reader 24, which is a semi-automated blood typing instrument.
Segments:
By blood product, the global blood transfusion diagnostics market has been segmented into red blood cells, platelets, plasma, albumin, immunoglobulin preparations, and other products.
By technology, the blood transfusion diagnostics market is segmented into western blot, ELISA, nucleic acid amplification, fluorescence assay, rapid test, and other technologies. The ELISA segment has been further sub-segmented into chemiluminescence immunoassay (CLIA), fluorescence immunoassays (FIA), and colorimetric immunoassay (CI). The nucleic acid amplification segment is sub-segmented into Thermomechanical analysis (TMA) and real-time PCR.
By end-users, the blood transfusion diagnostics market has been segmented into hospitals, clinics, blood banks, laboratories.
Regional Analysis:
The Global Blood Transfusion Diagnostics Market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. Americas is the largest market for blood transfusion diagnostics. The regional market is poised to expand during the forecast period owing to increasing blood transfusions, rising awareness about blood donations, prevalence of infectious blood diseases, and initiatives undertaken by the government and other organization. Additionally, the rise in the use of nucleic acid amplification test is also likely to play a significant role in the augmentation of the blood transfusion diagnostics market in the foreseeable future.
Europe is projected to retain its second spot in the global blood transfusion diagnostics market towards the end of the review period. Asia Pacific, also, is expected to exhibit substantial growth over the assessment period. The growth is attributable to the increasing patient pool, rising awareness about diseases screening, increasing count of blood donors, etc. Meanwhile, the Middle East & Africa is set to witness steady growth through the forecast period.
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