Blood is an essential component of the human body. It carries oxygen and other vital components that sustain every organ in the body. But when an individual loses too much blood due to injury, illness, or medical procedure, a blood transfusion can help save their life.
But before any blood is given to a patient, it goes through an important safety process: blood transfusion diagnostics. These tests ensure that every blood transfusion helps patients safely. Keep reading as we explain to you all that you need to know about the blood transfusion diagnostic market.
A blood transfusion is a method of adding blood or blood components to a human body after an injury or illness. If any individual’s body is missing components that a healthy body requires, a transfusion can supply them. The process takes 1 to 4 hours, depending on the amount of blood required for the body. Replacement of blood or blood components includes RBCs, WBCs, platelets, etc. Blood transfusion is an ideal solution for managing multiple medical problems, such as blood loss and other related issues.
Over the last decade, the molecular diagnostics market has become a multibillion-dollar industry, driven by significant advances in biological chemistry and instrumentation. Robust diagnostic techniques are being introduced, enabling the use of real-time PCR and other methods. Hospitals and diagnostic laboratories commonly use molecular diagnostic methods for blood transfusion testing and diagnosis.
We’ve done an in-depth assessment of the rapidly evolving blood transfusion diagnostics market. Our analysis reveals the market stood at USD 4.91 billion in 2024. It is projected to account for a CAGR of 5.00% between 2025 and 2034.
The increasing number of surgeries performed worldwide, driven by rising accident and orthopedic disorder cases, is a major factor driving market growth. In addition to this, increasing cases of chronic diseases such as anemia, hemophilia, severe inflammation, extreme anemia, sickle cell disease, thrombocytopenia, and liver disease have resulted in increased demand for diagnosis and blood transfusions.
Furthermore, increasing healthcare expenditures by private-public organizations and government policies have enabled the rapid development of healthcare services. Growing awareness of the importance of blood donation, driven by campaigns run by various institutions, is further augmenting growth in the blood transfusion diagnostics market.
The market for blood transfusion diagnostics is primarily segmented on the basis of product, application, and end-use.
By product analysis, the reagents & kits segment dominated the market, accounting for the majority of revenue. This is due to the higher purchase rate of these products required for screening donor and recipient samples. Additionally, advancements in donor screening analyzers further support the segment’s leading position.
By application analysis, the disease screening segment accounted for the largest market share. The growing prevalence of blood-related diseases has led to increased demand for blood transfusions. This increased need for transfusions has resulted in higher risks of transfusion-transmitted diseases, impacting the blood transfusion diagnostics market favorably.
North America, with the largest share, dominated the market and is projected to retain its leading position in the coming years. In the North America market, the U.S. accounted for the majority of the market's revenue. Key factors driving the area's dominance include the increasing involvement of major corporations and rising public awareness of blood transfusion. According to statistics from the Community Blood Center, about 43,000 pints of donated blood are used in both the U.S. and Canada every day.
Asia Pacific is projected to experience the fastest CAGR on account of increasing awareness campaigns promoting the importance of blood donation, especially those run by the Indian and Australian governments. The declining number of donors in South Korea and Singapore, however, has led to reduced use of transfusion diagnostic tools in the region.
Blood transfusion diagnostics are an important part of blood transfusion. These tests use advanced science and rigorous screening to ensure that donated blood is completely safe before it’s given to the patient. The key players in the blood transfusion diagnostics market are pursuing various strategic initiatives to expand their product portfolios and maintain a competitive edge.