Home > Healthcare > Medical Devices > Diagnostic Devices > Blood Screening Market

Blood Screening Market Trends

Report ID: GMI7618
Published Date: Dec 2023
Report Format: PDF

Download Free Sample

Blood Screening Market Trends

The continuous technological advancements, such as the integration of nucleic acid testing (NAT) and other molecular diagnostic techniques, growing demand for point-of-care testing, rising need for infectious disease screening, and surging demand for integrated artificial intelligence (AI) in healthcare and machine learning applications. These factors collectively contribute to the evolving landscape of the market.

Point-of-care testing method is becoming more popular, allowing for rapid and decentralized blood screening. POCT enables quick decisions in a variety of healthcare settings, including rural or resource-limited settings, emergency rooms, and clinics, thus, reducing the time necessary to receive data.
Moreover, AI and machine learning tools are currently being incorporated into blood screening systems for data analysis, pattern identification, and predictive analytics. These technologies improve the accuracy of screening results and help identify subtle trends related with various health issues.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Blood screening industry size was USD 3.2 billion in 2023 and is estimated to exceed USD 6.1 billion by 2032 due to the continual technological advancements, the rise in blood donation activities, increasing prevalence of infectious diseases and the growing healthcare infrastructure.

The reagents & kits product segment was around USD 2.4 billion revenue in 2023 owing to the growing focus on blood donation activities coupled with the higher automation and technology integration in the procedures.

Blood screening market size from blood banks segment exceeded USD 1.7 billion in 2023 due to the surging need for blood transfusions driven by the expanding ageing population.

North America blood screening industry size was USD 1.3 billion revenue in 2023 and is predicted to witness substantial growth up to 2032 propelled by the rising medical procedures, surgeries and trauma cases as well as the higher prevalence of chronic diseases.