Blood Transfusion Diagnostics Market Overview Analysis, Trends, Share, Size, Type & Future Forecast to 2030

Blood Transfusion Diagnostics Market is valued at around USD 4.73 billion in 2022 and is expected to reach USD 8.7 billion by 2030, registering a CAGR of 7% over the forecast period.

Blood components that have been lost can be replaced by transfusions. Red blood cells, white blood cells, platelets, clotting factors, and plasma are the blood components that are most frequently transfused. These blood components are essential to laboratories and hospitals during an emergency or a critical instance of excessive blood loss. RBC transfusion is necessary when hemoglobin levels drop below 100g/L. Blood from a donor must be examined for a number of infectious disorders before being transfused. The increased prevalence of chronic and infectious disorders such cancer, hemophilia, renal, liver, severe infection, sickle cell disease, and thrombocytopenia as well as the advent of technologically sophisticated goods are driving the demand for blood transfusions.

Industry Dynamics
The global market was driven by the rising number of hospital admissions linked to surgeries, auto accidents, blood-related disorders, trauma cases, and injuries sustained during recreational activities. Additionally, the growing need for blood transfusions for complicated procedures across North America and Europe's developed economies is projected to support market expansion.
Demand for transfusion diagnostics is anticipated to be driven by an increase in the requirement for donor screening due to the likelihood of transfusion-transmitted infections (TTIs). Additionally, the demand for blood transfusions has increased due to the increase in traffic accidents. WHO estimates that between 20 and 50 million individuals worldwide experience non-fatal injuries, and the need for transfusions is what is driving market expansion.

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The Blood Transfusion Diagnostics Market - Market Trends
• Dialysis is a kidney failure treatment that purifies the blood to get rid of extra fluid, toxins, and waste.
• The body may have trouble cleansing the blood and maintaining the chemical balance of the body when the kidneys fail.
• This is anticipated to increase demand for these blood transfusion diagnostics during the anticipated time frame.
• The primary cause of death worldwide, according to the World Health Organization, is chronic cardiovascular disease. In addition, cardiovascular disease claimed the lives of about 18 million people.

The Blood Transfusion Diagnostics Market - Segmentation
The Blood Transfusion Diagnostics Market fragrance concentrates market has been sub-classified into product type, application, end-user.

On the basis of products, the Blood Transfusion Diagnostics Market is bifurcated into:
• Instruments
• Reagents and kits
• Others

On the basis of applications, the market is segmented into:
• Blood group typing
• Blood screening
• Others

On the basis of end-user, the market segmented into:
• Hospital based laboratories
• Blood banks
• Others

The Blood Transfusion Diagnostics Market -Regional Analysis
North America dominated the global Blood Transfusion Diagnostics Market, is expected to continue to lead the world in blood transfusion diagnostics. Important growth factors include a high percentage of voluntary blood donors and the incorporation of blood transfusion policies for safety and communicable disease testing. Major players in the European blood transfusion diagnostics market include Germany and the UK. The development of the medical industry in these countries is responsible for the rise in surgical procedures and transplantation techniques.

The Blood Transfusion Diagnostics Market - Key Market players
Global key players of Blood Transfusion Diagnostics Market include Grifols S.A., Bio-Rad Laboratories, Inc., Immucor, Inc., CSL Ltd., Abbott Laboratories, F. Hoffmann-La Roche Ltd, QUOTIENT, Merck KGaA, and DiaSorin S.p.A., and others.

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FAQS
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4.Which is the fastest growing region in the Global Blood Transfusion Diagnostics Market?
5.What are some major strategies used by top players for the expansion of their business in the Global Blood Transfusion Diagnostics Market?

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