The article cited AMA's Global Blood Screening Market Study explored substantial growth with CAGR of 7.2%. According the report, Technological Advancements in Blood Screening Methods is one of the primary growth factors for the market. Growing Prevalence of Infectious Diseases
is also expected to contribute significantly to the Blood Screening market. Overall, Blood Bank
applications of Blood Screening, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Grifols (Spain), Bio-Rad Laboratories, Inc. (United States), Roche Diagnostics (Switzerland), BioMérieux (France), Abbott Laboratories (United States), Siemens Healthineers (Germany), Thermo Fisher Scientific, Inc. (United States), Beckman Coulter, Inc. (United States), Ortho Clinical Diagnostics, Inc. (United States) and Becton, Dickinson and Company (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Technology, such as Nucleic Acid Amplification Test (NAT), is boosting the Blood Screening market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Blood Screening market identified that the demand is rising in many different parts of the world as "Improving Health Care Infrastructure in Developing Countries". Furthermore, some recent industry insights like "In November 2023, Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, announced that it has launched its blood-based colorectal cancer screening test, ShieldTM, in collaboration with Samsung Medical Center in South Korea." is constantly making the industry dynamic. One of the challenges that industry facing is "Introduction of Alternative Technologies"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Blood Screening market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Blood Screening market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Blood Screening market tight? Which application/end-user category or Product Type [Reagents & Kits, Instruments and Software & Services] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Blood Screening market and other related sub-markets covered in the study.
o Key & emerging players in the Blood Screening market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Blood Screening market size is calculated using market estimation process, the Blood Screening market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Blood Screening market size has been validated using both top-down and bottom-up approaches.