Product ID: SQMIG35J2044
Global Blood Screening Market Size, Share, Growth Analysis, By Product Type(Reagents & Kits, Instruments), By End User(Hospitals & Clinics, Blood Banks) - Industry Forecast 2024-2031
Report ID:
SQMIG35J2044 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
64 |
Figures:
77
Global Blood Screening Market Insights
Global Blood Screening Market size was valued at USD 2.73 Billion in 2022 and is poised to grow from USD 2.96 Billion in 2023 to USD 5.69 Billion by 2031, at a CAGR of 8.50% during the forecast period (2024-2031).
Automated molecular platforms for blood screening have been a popular tactic among top industry participants, which is helping the market grow. A few of the key reasons boosting the growth of the blood screening market are the rising number of blood donations and blood donors, increased awareness of the safety of donated blood, rising prevalence of infectious illnesses, and a number of government initiatives. Rising blood donations, an increase in the prevalence of infectious diseases, and government initiatives are all contributing to the market's explosive growth. Over 234 million major surgeries are carried out annually worldwide, according to the article titled "Operative Risk" that was published in December 2021. To prepare for childhood acute anaemia, trauma, and congenital maternal blood abnormalities, blood transfusions are frequently administered in problematic childbirths. Moreover, the World Health Organization (WHO) Factsheet from June 2021 states that 118.5 million blood donations are made worldwide, with 40% of those donations made in high-income countries, which account for 16% of global blood donations. In high-income countries, 31.5% of donations are made up of blood, compared to 15.9% in upper-middle-income nations, 6.8% in lower-middle-income nations, and 5.0% in low-income nations.
US Blood Screening Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Blood Screening Market Report Snapshots
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