The market in Asia Pacific is projected to grow at a rapid pace during the forecast period, owing to large patient pool requiring blood transfusions and rise in awareness about disease screening in countries in the region.
Albany, NY -- (SBWIRE) -- 05/29/2018 -- The comprehensive study, titled "Blood Transfusion Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" is the latest addition to the massive research catalog of Market Research Hub (MRH). This 155-page study offers a comprehensive analysis of the current market trends and future estimations in the market until the end of 2025. Moreover, the report covers market dynamics including drivers, restraints opportunities, and trends predictable to influence the global blood transfusion diagnostics market growth during the said period. In addition, stakeholders of this report include companies engaged in the manufacture of blood transfusion diagnostics.
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Market Introduction and Key Findings
As per the research key evaluations, the global blood transfusion diagnostics market was valued at US$ 3.0Bn in 2016 and is projected to swell at a CAGR of 5.9% from 2017 to 2025 to reach US$ 5.5 Bn by 2025. Currently, there are various factors contributing towards this market growth. Analysts of the report have identified that rise in demand for blood and blood components transfusions owing to a large patient population suffering from chronic diseases such as aplastic anemia, sickle cell anemia, and leukemia is the major factor driving the blood transfusion diagnostics market.
For providing a snapshot of this market to the stakeholders, in the initial section executive summary section is included in this report, which summarizes the market size, trends, and competition in different regions. The regional analysis is also a crucial part of the report which highlights market growth in terms of revenue % across different regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Apart from that, the research has been categorized into various segments and sub-segments for in-depth analysis of blood transfusion diagnostics market. The market segmentation is based on product, application, and end-user.
Blood transfusion diagnostics are products used to conduct tests before transfusion of blood and blood products from donor to recipient. By product type, the study covers instruments, and Kits & Reagents. The research finds that with that large patient population requiring blood transfusions is expected to drive demand for blood transfusions, this as a result prompting demand for transfusion diagnostic instruments, kits, and reagents. Based on application, the disease screening segment accounted for the largest market share in 2016 and is expected to gain market share by 2025.
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In terms of geography, the report adds that the market in the Asia Pacific is projected to grow at a rapid pace during the forecast period, owing to large patient group demanding blood transfusions and upsurge in awareness about disease screening.
Competitive Scenario
The final section of the report deals with the competitive landscape which highlights the significant players operating in the blood transfusion diagnostic market including DiaSorin S.p.A., Grifols S.A., Ortho Clinical Laboratories, Immucor Inc., Bio-Rad Laboratories Inc., Abbott, Quotient Limited, and F. Hoffman-La Roche Ltd.
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