WiseGuyReports.Com Publish a New Market Research Report On –“ Blood Testing 2019 Global Market Net Worth US$ 65,464.3 million Forecast By 2025”.
Blood Testing Market 2019
The worldwide blood testing market is anticipated to reach USD 65,464.3 million by 2026. In 2017, the glucose testing segment dominated the global market, in terms of revenue, whereas geographically, North America accounted for the majority share in the global blood testing market.
Increasing dependency of doctors on blood-based diagnosis to ensure reliable and rapid treatment, along with rapidly growing geriatric population are the major factors which drives the blood testing device market. Moreover, surge in the demand for blood donations and organ donors, and increasing awareness about the safety of donated blood further increase the market growth. The other key factors enhancing the global market growth include multiplying prevalence of infectious diseases such as bacterial and viral diseases and other health-related disorders such as HIV, cancer, thyroid, and genetic disorders, and the exponential increase in the number of point of care (POC) testing. Use of self-testing products and home diagnostic tests, blood testing in under-developed countries, and research and development for developing new testing technologies further provide growth opportunities for the blood testing market in the forecast period.
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In the era of rapid and effective medical treatments, physicians and other medical personnel are dependent on various types of laboratory testing in order to make an accurate diagnosis and carry out subsequent treatment measures. Thus, increasing reliance on physicians for blood-based diagnosis to ensure reliable and rapid treatment procedures are the factors anticipated to enhance the blood testing market in the forecast period. Generally, the elderly population who are susceptible to age-related diseases such as diabetes and cardiovascular diseases require more frequent blood testing. Furthermore, the elderly population undergoes complex surgical procedures such as dialysis, joint replacements and cancer therapies which requires blood transfusions. These factors are anticipated to bolster the demand for blood testing in the upcoming years.
The major market players profiled in the report include Abbott Laboratories, Alere, Inc., Becton Dickinson and Company, Bio-Rad Laboratories, Beckman Coulter, bioMérieux SA, Biomerica Inc., Bruker Corporation, Nanosphere Inc., Nipro Diagnostics, Roche Diagnostics, Siemens AG, Thermo Fisher Scientific Inc. and Trinity Biotech PLC among others.
This report mentions various factors that are causative of fast-paced expansion of the Blood Testing market. This includes a detailed study of the pricing history of the product/service, the value of the product/service, and numerous volume trends. Some principal factors studied in the report include the influence of mounting population on a global level, burgeoning technological advancements, and the dynamics of demand and supply noted in the Blood Testing market. Additionally, it also studies the impact of various government initiatives and the competitive landscape existing in the Blood Testing market through the forecast period.
The report includes segmentation of the Blood Testing market on the basis of different aspects, along with a regional segmentation. Such segmentation has been carried out with the perspective of attaining detailed and accurate insights into the Blood Testing market. The report studies the regional segments of Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
The market research team has analyzed the global Blood Testing market by adopting Porter’s Five Force Model for the assessment period of 2019-2025. Furthermore, an in-depth SWOT analysis is carried out to enable faster decision making of the reader about the Blood Testing market.
Table Of Contents – Major Key Points
- Overview and Scope
- Executive Summary
- Blood Testing Market Insights
- Blood Testing Market Size and Forecast, 2017-2026 by Test Type
- Blood Testing Market Size and Forecast, 2017-2026 by Product Type
- Blood Testing Market Size and Forecast, 2017-2026 by End-Users
- Blood Testing Market Size and Forecast, 2017-2026 by Region
- Company Profiles
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