Press release
Blood Testing Market And Segment Forecasts To 2017 – 2025
On the basis of test type, the blood testing market can be segmented into
Complete Blood Count (CBC), Basic Metabolic Panel (BMP), Erythrocyte Sedimentation Rate, C-reactive protein (CRP) Test, Coagulation Test, Electrolyte Test, Thyroid Function Test, Others
On the basis of end-user, the blood testing market can be segmented into,
Hospitals, Clinics, Diagnostic Center, Research Labs, Others
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Also, the availability of glucose monitoring devices manufactured by established as well as local players of the industry with reusability features is likely to be helpful and is in high demand in blood testing market. Also, monitoring of diabetes is done prior to any surgical intervention for a patient undergoing surgery and suffering with diabetes which consequently influences demand for this market.
Blood Testing Market: Region-wise Outlook
North America dominates the blood testing market reasons being an advancement in technology like the introduction of diagnostic devices providing accurate and rapid results having higher market penetration in this region along with favorable medical insurance policies enhancing market adoption which is attributive for the largest market share. Also, favorable government initiatives and CLIA waiver on testing devices is also a factor estimated to drive the growth of this market. Asia Pacific is estimated to witness high growth owing to the presence of high unmet medical needs pertaining to target disease segments such as diabetes, cardiovascular disorders, liver diseases, various cancers, and other diseases.
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Blood Testing Market: Key Players
Some of the players in the Blood Testing Market are Abbott Laboratories, Alere, Inc., Becton Dickinson and Company, BioMerieux, Bruker Corporation, Cepheid, Nanosphere, Inc., Roche Diagnostics, Siemens AG, and Thermo Fisher Scientific, Inc. These players are involved in strategic collaborations in order to enhance their market presence. For instance, Quest diagnostics acquired lab-related clinical outreach operations of Dignity Health. This acquisition provided Quest with patient service centers and associated business of Dignity Health in parts of Nevada and California, further enhancing its regional presence in that sector. Qualcomm Incorporated, a subsidiary of Qualcomm Life Inc. also entered into a strategic collaboration with Roche Diagnostics in order to innovate their remote patient monitoring solutions thus further enhancing the growth of blood testing market.
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