Rise in Chronic Conditions Boosts Blood Transfusion Diagnostics Market

Published Date : May 14, 2018

Albany, New York, May 14, 2018: MarketResearchReports.biz announced the addition of a new research report to its online repository that showcases the future of the blood transfusion diagnostics market. The research report, titled “Blood Transfusion Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”, is a detailed publication on the historical achievements of the overall market and its present-day market situation. The research report discusses the changing perspective toward healthcare, which is projected to have a positive impact on the global blood transfusion diagnostics market. To provide a detailed explanation of the global market, the research report includes segmentation and comparative reports of the regions.

Blood transfusion is used for determining blood groups and screening of diseases if the collected blood has any before it is readied for donation. Instruments such as centrifuges and analyzers and kits and reagents are employed for the same purpose. Importance of blood transfusion cannot be stressed enough in the blood transfusion process. Hence, growing number of conditions and diseases that need transfusion have raised the demand for blood transfusion diagnostics in recent years.

The market is also being driven by the increasing uptake of automated blood banks that have drastically reduced the turnaround time for assessing the blood. The increasing efficiency of blood banks has also been a crucial factor for the global market to thrive on. In addition, the rising incidences of chronic conditions such as sickle cell anemia, asplastic anemia, and leukemia are also projected to drive the demand for blood transfusion diagnostics.

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On the basis of product type, the global blood transfusion diagnostics market is segmented into instruments and kits and reagents. Of these, the kits & reagents segment is projected to hold a lion’s share in the global market. The noticeable growth of this segment will be attributable to the rising blood donations and the subsequent rise blood transfusion procedures.

Geographically, the global blood transfusion diagnostic market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Out of these, North America is projected to lead the pack due high number of blood donors. Furthermore, better diagnostic centers due to stringent safety laws are also projected to aid the regional market in the coming years.

Some of the key players operating in the global blood transfusion diagnostics market are F. Hoffman-La Roche Ltd., Grifols S.A., Immucor Inc., Abbott, DiaSorin S.p.A., Bio-Rad Laboratories Inc., Quotient Limited, and Ortho Clinical Laboratories. The research report provides a complete reports of competitive landscape present in the global market. It evaluates the research and development statuses of these companies, their expansion plans for the coming years, and their business and marketing strategies. With the help of a Porter’s five forces reports the research report provides a perfect understanding of the threats and opportunities for new entrants and those for the existing players.

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