The Key Factor For growth Of Blood Testing Market :
• Increasing
number of blood donations and blood donors
• Growing
affordability and adoption of nucleic acid test (NAT) for blood screening,
• Rising
awareness regarding the safety of donated blood,
• Growing
demand for donated blood, and increasing prevalence/incidence of infectious
diseases.
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Based on technology, the Blood
Testing Market is segmented into NAT, ELISA, rapid tests, western blot assay,
and NGS. The ELISA segment is projected to grow at the highest CAGR during the
forecast period. The major factors contributing to the growth of this segment
include increasing number of donations, growing prevalence of infectious
diseases, and the increasing demand for donated blood around the world.
Based on product and service, the
Blood Testing Market is segmented into reagents & kits, instruments, and
software & services. The reagents & kits segment is further
subsegmented into NAT, ELISA, and other reagents and kits. The ELISA reagents
and kits segment is expected to register the highest growth during the forecast
period. This growth can be attributed to the high consumption and repeated use
of reagents and kits in blood screening procedures.
Based on region, the Blood Testing
Market is segmented into North America, Europe, Asia, and Rest of the World
(RoW). The Asian market is expected to grow at the highest CAGR during the
forecast period due to increasing prevalence and incidence of infectious
diseases, high demand for donated blood, and increased awareness among people
regarding the safety of donated blood.
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