Blood Screening Market is expected to reach $2.5 billion by 2019 from $1.55 billion in 2014

2026-08-07 07:57:53 Health and Fitness

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The report ?Blood Screening Market by Technology (Nucleic Acid Amplification Test, ELISA, Rapid Test, Chemiluminescence Immunoassay, Next Generation Sequencing, Western Blotting), Product (Instrument, Reagent) & End User (Blood Bank, Hospital) - Forecasts to 2019?, provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the blood screening market along with estimates and forecasts of the revenue and share analysis.

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The global blood screening market is expected to reach $2.5 billion by 2019 from $1.55 billion in 2014, growing at a CAGR of 10.4% from 2014 to 2019.

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The report segments the blood screening market on the basis of products and services, technologies, end users, and regions. Among various products, the reagents segment accounted for the largest share of the blood screening market in 2014. This segment is also expected to grow at the highest CAGR during the forecast period owing to the increasing adoption rate of NAT, rising number of blood donations, and growing demand of blood for transfusion.

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Based on regions, the global blood screening market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). In 2014, North America accounted for the largest share of the market while Asia witnessed the highest growth rate.