The global blood management and diagnostics market size was USD 4.40 Billion in 2022 and is expected to register a steady revenue CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of blood related disorders is a key factor driving market revenue growth. Blood management and diagnostics focuses on technologies, devices, and services aimed at improving the collection, processing, testing, storage, and utilization of blood and blood products in healthcare settings. According to the Canadian Hemophilia Society, Hemophilia A and B are both extremely rare conditions. Hemophilia A affects less than one in every 10,000 people, or approximately 2,500 Canadians. Hemophilia B is much rarer, affecting around 1 in 50,000 people, or approximately 600 Canadians.
The Global Blood Management and Diagnostics Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Blood Management and Diagnostics Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
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Effect of COVID-19 on the global market for Blood Management and Diagnostics Market
The COVID-19 pandemic had a significant negative influence on the market for Blood Management and Diagnostics Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Blood Management and Diagnostics Market were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Blood Management and Diagnostics Market in 2020. Additionally, demand for Blood Management and Diagnostics Market decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Blood Management and Diagnostics Market market : Competitive Landscape
The prominent players operating in the Blood Management and Diagnostics Market market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Blood Management and Diagnostics Market market .
Grifols, S.A., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd., DiaSorin S.p.A., Immucor, Inc., Merck KGaA, Abbott Laboratories, Thermo Fisher Scientific Inc., Beckman Coulter, Inc., Quidelortho Corporation, BioMérieux, and Quotient Suisse SA
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the Global Blood Management and Diagnostics Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.
Based on types, the market is segmented into
Product Outlook (Revenue, USD Billion; 2019-2032)
- Reagents Kits
- Instruments
Application Outlook (Revenue, USD Billion; 2019-2032)
- Blood Grouping
- Blood Screening
End-use Outlook (Revenue, USD Billion; 2019-2032)
- Hospitals
- Blood Banks
- Diagnostics Laboratories
- Others
Regional Outlook :
The growth of the Blood Management and Diagnostics Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.
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