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Global Blood Transfusion Diagnostics Market Estimated for Rapid Growth for Future Due to Rise in Automated Procedures

Global blood transfusion diagnostics market is estimated to increment from an evaluated worth of US$3.3 bn in 2016 and reach a valuation of US$6.0 bn by the end of the forecast period, which is 2025.


Albany, NY -- (SBWIRE) -- 09/19/2017 -- Blood transfusions are currently a standard part of the medical emergency procedure on a patient who has suffered a life-threatening trauma with loss of blood or one who awaits major surgery. In recent years, increasing prevalence of diseases which require complete blood transfusion is one of the major drivers of the transfusion diagnostics market. A new study, titled "Blood Transfusion Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025" has been recently added to the mega-repository of Market Research Hub (MRH) which clearly states that the demand in the global blood transfusion diagnostics market will increment at a healthy CAGR of 6.8% during the forecast period of 2017 to 2025, reaching a valuation of US$6.0 bn by the end of 2025, significantly up from its evaluated worth of US$3.3 bn in 2016.

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Blood Transfusion is among the most common actions used for patients in hospitals. Different blood products that can be transfused in the human body are red blood cells, platelets, albumin, plasma and immunoglobulin preparations. In this procedure, a definite diagnosis is required for both the donor and recipient blood. According to the report findings, increasing number of blood transfusion procedures is the key factor augmenting the demand in the global blood transfusion diagnostics market.

Firstly, this report starts with a clear description related to the research methodology and assumptions, followed by a precise executive summary. This portion of the report also offers a deep insight related to the various market dynamics comprising drivers, restraints, and opportunity, together with key trend analysis for the global blood transfusion diagnostics market. As per the key findings, rising number of accidents due to road rash or other reasons which lead to blood loss is also likely to propel the market. Another factor driving the blood transfusion diagnostics market is the rising emergency situations for blood transfusions during surgical blood loss.

The market overview section also comprises impact factors such as drivers, restraints, and opportunities for the global blood transfusion diagnostics market. Currently, the market can be attributed to a number of factors, such as recent technological advancements and automation in blood processing equipment, growing number of blood transfusion procedures, consistent awareness programs by government and healthcare agencies, and the development of WHO recommended national blood policy. All of these factors would aid the stakeholders in establishing a strong foothold in the global blood transfusion diagnostics market, finds study.

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In the next section, the report has been segmented by product type, application, end-user and geography. The geographical segmentation of the study highlights some prime regions including North America, Asia Pacific, Europe, Latin America, Middle East & Africa. Moreover, by product type it covers kits & reagents and instruments. The instruments segment is projected to expand at a significantly slower growth rate during the forecast period with the increasing modernization of the automated tools. Application-wise, the global market for blood transfusion diagnostics has been bifurcated into blood grouping and disease screening.

The major players that are profiled in the report include Grifols, S.A., Abbott Laboratories, Bio-Rad Laboratories, Inc., BAG Health Care GmbH, Becton, Dickinson and Company, DiaSorin S.p.A., Hologic, Inc., Immucor, Inc and others.

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