Blood Testing Market, Trend, Growth, Demand | Covid-19 Impact Analysis | Global Forecast 2023 - PowerPoint PPT Presentation

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Blood Testing Market, Trend, Growth, Demand | Covid-19 Impact Analysis | Global Forecast 2023


According to MRFR Analysis – blood testing market research is expected to accrue strong growth in forecast period 2017 to 2023. The global market research report provides in-depth industry analysis with free additional customization, including the impact of the COVID-19 pandemic. – PowerPoint PPT presentation

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Title: Blood Testing Market, Trend, Growth, Demand | Covid-19 Impact Analysis | Global Forecast 2023

Blood Testing Market
Global Industry Analysis, Size, Share, Demand,
Growth Forecast to 2023
Blood Testing Market
Blood Testing Market Overview
Blood testing is a technique of laboratory
analysis performed on the basis of the blood
sample taken from the body of the patient with
the help of syringes or finger prick to determine
ones health status. The test aids in determining
the abnormal functionalities of a patients
organs. The global blood testing market is
anticipated to register a CAGR of 5.5 during the
forecast period of 2017 to 2023. The market is
expected to grow due to the presence of a
populated group of aged people, increasing
prevalence of diseases like human
Immunodeficiency virus (HIV) infection, genetic
disorders, bacterial and viral allergic
disorders, cancer, thyroids, and a growing number
of applications of blood testing in other
diagnostic areas. Point of Care Testing (POCT)
devices for blood testing is also identified to
witness increasing demand. However, the high cost
associated with automated blood testing, lack of
awareness concerning the latest advancements, and
regulatory approval processes are likely to
dampen the growth of the market.
Blood Testing Market
  • Blood Testing Market Segmentation
  • The global blood testing market segmentation is
    based on the following disease, test type,
    method, and end-user.
  • By test type, the market includes Prostate
    Specific Antigen (PSA) testing, glucose testing,
    lipid panel testing, direct LDL testing, A1C
    testing, serum nicotine/cotinine testing, Blood
    Urea Nitrogen (BUN) testing, Vitamin D testing,
    high sensitivity C-Reactive Protein (hs-CRP)
    testing, alt testing, testosterone testing,
    creatinine testing, cortisol testing, thyroid
    stimulating hormone testing, AST testing, and
  • By method, the market is divided into automated
    blood culture testing and manual blood culture
    testing. The automated blood culture testing
    segment includes blood culture instruments,
    automated blood culture system, and others.
  • By end-user, the market includes clinics,
    research labs, hospitals, into diagnostic
    centers, and others.
  • By disease, the market comprises of infection,
    kidney disorders, anemia, leukemia, coronary
    heart disease, hypokalemia, heart attack, and
    other diseases.
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Blood Testing Market
Blood Testing Market Regional Analysis
The global blood testing market is regionally
segmented into the following regions Asia
Pacific, North America, Europe, and the Middle
East and Africa. The North American region holds
the largest share in the global market standings
of blood testing. This is due to the rising
occurrences of diseases like blood stream
infections, kidney disorders, and other
infections as well as high demand for fast-paced
diagnostic tests and growing old-age
population. The European market holds the second
largest standings in terms of market share. The
growth of the market can be attributed to the
growing awareness concerning chronic infection
diseases owing to the favourable initiatives
undertaken by government organizations, private
enterprises, and educational institutions. The
Asia Pacific market is projected to be the
fastest growing market during the forecast period
due to the increasing awareness among the
consumers concerning the significance of
diagnostics in personalized medicines and due to
various initiatives undertaken by the government
that promote the usage of personalized
medications. Moreover, the growing number of
government schemes to reduce the increasing
expenditures in healthcare in developing
economies is also expected to push the growth of
the market. The Middle Eastern region is
anticipated to grow at a decent pace due to
factors like extensive development of the
healthcare infrastructure and surging research
and development activities in the healthcare
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Blood Testing Market
Blood Testing Market Competitive Analysis
The global blood testing market comprises of
numerous players including Cepheid Corporation
(U.S.), Baxter International (U.S.), Gen-Probe,
Inc. (U.S.), Abbott Laboratories Inc. (U.S.),
Biomerica, Inc. (U.S.), Meridian Bioscience, Inc.
(U.S.), Novartis Diagnostics (U.S.), Nanosphere
Inc. (U.S.), Roche Diagnostics (Switzerland),
Bio-Rad Laboratories Inc. (U.S.), Becton
Dickinson Company (U.S.), Thermo Fisher
Scientific Inc. (U.S.), bioMérieux (France),
Trinity Biotech (U.S.), Grifols (Spain), Alere
Inc. (U.S.), Beckman Coulter (U.S.), Cardinal
Health (U.S.), Siemens Healthcare (Germany),
Danaher Corporation (U.S.), Trividia Health
(U.S.), Bruker Corporation (U.S.), and
others. March 5th, 2019, Tasso, a start up from
Seattle, working on bringing-forward blood
testing to the home has raised USD 6.1 million in
Series A funding. The round was led by Vertical
Venture with percipients like Cedars Sinai and
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