Press release
Blood Testing Market is Projected to Reach USD 156.73 Billion by 2030: Cognitive Market Research
Blood Testing Market is Projected to Reach USD 156.73 Billion by 2030: Cognitive Market Research
Blood testing is a medical diagnostic technique that involves taking a sample of a person's blood and analyzing it for various markers, such as levels of specific substances, cells, or antibodies. Blood tests can provide valuable information about a person's health status, including indicators of disease, infection, or organ function. some common blood test includes A1C, BUN Testing, Glucose, Covid-19, Lipid Panel, Vitamin D, Testosterone, Direct LDL, ALT, Prostate-specific antigen, Creatinine, and others
Summary:
As per the study of CMR, the Global Blood Testing Market was valued at USD 83.43 Billion in 2022 and will reach USD 156.73 Billion by 2030 and is expected to grow at a CAGR of 8.2% during the forecast period (2023-2030).
To know more about The Blood Testing Market statistics click here: https://www.cognitivemarketresearch.com/blood-testing-market-report
Market Dynamics:
What are the driving factors for the global blood testing market?
growing awareness about early diagnosis of different diseases, and the rising prevalence of chronic diseases are the major driving factor for the global blood testing market. According to, World Health Organization, cancer is the second leading cause of death globally, accounting for an estimated 9.6 million deaths, or one in six deaths, in 2018. Further, blood testing is common in diagnosis and different body checkups for diabetes disease, which is also propelling the growth of the market. According to, International Diabetes Federation, in 2021, approximately 537 million adults (20-79 years) were living with diabetes and it is estimated that the total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045.
Further, emerging advancements in the medical sector and growing medical spending by the government and regulatory bodies can create lucrative opportunities for the market during the forecast period. However, the high cost of some blood tests can hamper the growth of the market.
Blood Testing Market Segmentation:
Type:
• A1C
• BUN Testing
• Glucose
• Covid-19
• Lipid Panel
• Vitamin D
• Testosterone
• Direct LDL
• ALT
• Prostate-specific antigen
• Creatinine
• Others
Blood glucose testing is dominating segment of the blood testing market. The total amount of glucose in the blood is determined via a blood glucose test. The need to examine blood sugar levels is frequently caused by the sudden onset of the symptoms of various conditions, such as diabetes, which is propelling the growth of this segment. Blood sugar self-testing is another crucial technique for managing diabetes and avoiding complications.
End User:
• Clinic
• Hospital
• Research Laboratory
• Diagnostic Centers
• Other
Competitive Analysis of the Blood Testing Market: Abbott Laboratories , F. Hoffmann La Roche , Siemens Healthineers , Bio-Rad Laboratories Inc. , Quest Diagnostics , Biomerica Inc , Becton Dickinson and Company , Siemens Healthineers , Danaher Corporation , Trinity Biotech Plc
Get free sample pages of the latest published Blood Testing Market Report: https://www.cognitivemarketresearch.com/blood-testing-market-report#request_sample
Blood Testing Market Regional Analysis:
Geographically, North America is estimated as the dominating region for the global blood testing market. This growth is attributed to the developed healthcare infrastructure in this region, and the initiative taken by the government bodies and major market players for plasma donations across the region. In addition, continuous research on different disease vaccines is also contributing to the growth of the market. On the other hand, Asia Pacific is the second largest contributor to the global blood testing market and is estimated that it will grow with a significant CAGR during the forecast period. This is due to the rising prevalence of chronic disease in major developing economies like India, & China, and rising investments by several major companies in this region.
Blood Testing Market News:
Labcorp Launched First-of-its-kind At-home Collection Device for Diabetes Risk Testing (May 2022)
Labcorp one of the leading global life sciences companies is making screening for diabetes easier with the launch of an at-home collection kit through Labcorp OnDemand™ that measures hemoglobin A1c (HbA1c) from a small blood sample.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Blood Testing Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Blood Testing Market Segmentation
1.5.1 Blood Testing Market Regional Fragmentation
1.5.1 Blood Testing Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Blood Testing Market
• 3.1 Global Blood Testing Market Size 2018 - 2030, (USD Million)
• 3.2 Global Blood Testing Value, Absolute & Opportunity Analysis
• 3.3 Global Blood Testing Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Blood Testing Market Statistics 2022: Snapshot
Chapter 4 Global Blood Testing Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Blood Testing Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Blood Testing Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Blood Testing Market Regional Analysis
Chapter 12 North America Blood Testing Market Outlook (2018 - 2030)
Chapter 13 Europe Blood Testing Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Blood Testing Market Outlook (2018 - 2030)
Chapter 15 Latin America Blood Testing Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Blood Testing Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Blood Testing Market TOC click here: https://www.cognitivemarketresearch.com/blood-testing-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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