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Blood transfusions are medical procedures in which blood, usually donated, is injected into an individual’s body. Blood transfusions are carried out for a variety of reasons such as loss of blood during surgery, injury, conditions such as cancer, leukemia, kidney disease among others. Blood transfusions involve the transfusion of either one or multiple components of blood such as red blood cell (RBC), white blood cell (WBC), platelets and plasma or the whole blood with all its components. Blood transfusion diagnostics tests carried out before the transfusion of blood or blood components from the donor to recipient. The Leukemia & Lymphoma Society estimated that in 2018, 174,250 people in the U.S. are anticipated to be diagnosed with leukemia, lymphoma or myeloma combined. The American Kidney Fund estimated 10% of the population worldwide is affected by chronic kidney disease (CKD), and the prevalence of kidney disease is increasing in countries such as India and China, due to the aging populations. These factors are expected to contribute to the considerable and rapid growth of the global blood transfusion diagnostics market.
The growth of the global blood transfusion diagnostics market can be primarily attributed to the increasing instances of blood transfusions globally, leading to the increased demand for blood transfusion diagnostics. Some of the factors contributing to the rapid growth of the global blood transfusion diagnostics market are increasing prevalence of infectious & chronic diseases, increase in surgical procedures, increasing awareness regarding the safety of donated blood, increasing number of blood donors and blood donations, and growing demand for blood transfusion.
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However, lack of skilled medical professionals for the undertaking of blood transfusion procedures is among the major factors restraining the growth of the global blood transfusion diagnostics market. This along with rising cases of complications due the transfusion procedures is also one of the factors restraining the growth of the global blood transfusion diagnostics market.
Some of the major companies that are present in the global blood transfusion diagnostics market are BAG Health Care GmbH, Abbott, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd, Immucor, Inc., DiaSorin S.p.A., Grifols, S.A. Ortho Clinical Diagnostics, and Quotient Limited.
By Product Type
· Kits & Reagents
· Blood Grouping
· Disease Screening
By End User
· Diagnostics Laboratories
· Blood Banks
· Plasma Fractionation Companies
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
In 2018, kits & reagents accounted for the largest proportion of the market, due to the increasing number for the blood transfusions leading to higher consumption of the kits & reagents for the usage in blood transfusions diagnostics.
New Product Launches
Overview of Technological Advancements In Blood Transfusion Diagnostics
Overview of Expansion Strategies by Key Players In Emerging Markets
Blood Donation Statistics, Key Countries/ Region
The global blood transfusion diagnostics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are the two largest markets for blood transfusion diagnostics at present and they are expected to account for a large proportion of the market during the forecast period. This is due to the increasing number of blood transfusions in the regions, stringent guidelines with respect to blood transfusions and the presence of a large number of voluntary donors. In the Asia Pacific, Japan, China, and India accounted for the largest share of the market in 2018. India and China, are the fastest emerging markets due to increased demand for blood transfusion diagnostics and the development of healthcare infrastructure.
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