About Blood Screening
The main objective of blood screening is to detect markers of infection so as to prevent the release of infected blood and blood components for clinical use. Blood screening strategies are designed to ensure the safety of blood units, but should not be used for notifying blood donors of reactive test results. The appropriate confirmatory testing policy for blood donor management should be applied before notifying donors of their infectivity status. The screening of donated blood and the quarantine of blood and blood components represent critical processes that should be followed to assure that blood units are safe. Based on the screening results, they should either be released for clinical or manufacturing usage or be discarded.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.2% |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Blood Screening market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Trinity Biotech (Ireland), Luminex Corp (United States) and Alere Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Blood Screening market by Type (Reagents & Kits, Instruments and Software & Services), Application (Blood Bank and Hospitals) and Region.
On the basis of geography, the market of Blood Screening has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Spain, Italy, Ireland, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Nucleic Acid Amplification Test (NAT) will boost the Blood Screening market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Blood Screening Methods
Market Growth Drivers:
Growing Prevalence of Infectious Diseases and Increasing Demand for Donated Blood
Challenges:
Introduction of Alternative Technologies
Restraints:
Lack of Skilled Manpower
Opportunities:
Improving Health Care Infrastructure in Developing Countries
Market Leaders and their expansionary development strategies
In November 2023, Universal DX ("UDX"), a biotech company on a mission to transform cancer into a curable disease, today announced a strategic collaboration with Quest Diagnostics ("Quest") (NYSE: DGX), the nation's leading provider of diagnostic information services, designed to improve colorectal cancer screening
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.
The FDA Center for Biologics Evaluation and Research, or CBER, Office of Blood Research and Review, called OBRR, reviews several different types of regulatory applications with respect to blood and blood components. This includes biologics license applications, called BLAs, which represent the regulatory pathway for blood components. The BLA regulatory process also applies to biological drugs such as fractionated plasma products. and OBRR also regulates in-vitro diagnostic devices used for screening of collected blood, and does so also using the BLA regulatory pathway. Review of these devices as biologic licenses allows CBER to apply a higher level of manufacturing oversight, including lot release testing and pre-licensure inspection. This regulatory pathway applies to infectious disease tests for blood screening, as well as blood grouping and phenotyping reagents.
Key Target Audience
Manufacturers of Blood Screening Instruments and Reagents, Software and Services Providers of Blood Screening, Blood Banks, Healthcare industry, Hospitals, Governmental bodies, Regulatory Bodies and Research and Consulting Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.