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blood testing market

Blood Testing Market [By Test Type (Glucose Testing, Lipid Profile, Liver Function Tests, Prostate Specific Antigen, Hormones, Blood Urea Nitrogen, High-sensitivity C-reactive Protein, Thyroid Stimulating Hormone, Serum Nicotine/Cotinine, and Others); By Product Type (Instruments, Software & Services, and Reagents & Testing Kits); By End-users (Laboratory, Hospitals, Point-of-Care (POC) Testing, and Blood Banks); By Region]: Market Size & Forecast, 2017 – 2026

Published: Feb 2018
Pages: 150
Format: PDF
Report ID: PM1105
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Report Summary

The global blood testing market was estimated at USD 52,316.1 million in 2017 and is anticipated to grow at a CAGR of 2.6% during the forecast period. A blood test is a medical process of analyzing blood samples in a laboratory, which are taken from the veins in the patient’s arm using a needle or a finger prick. Blood tests help in determining biochemical and physiological state of patients, analyzing the efficacy of pharmaceutical drugs, determining organs functioning, diagnosing diseases, evaluating mineral content, and detecting drug abuse.

The global market is driven by factors such as surge in blood donations and organ offerings, rise in awareness about the safety of donated blood, increase in ageing population, growth in the demand for donated blood, and rise in prevalence of infectious diseases such as bacterial and viral diseases, and other disorders such as HIV, cancer, thyroid, and genetic disorders. Moreover, increasing inclination of physicians toward blood-based diagnosis to ensure reliable and rapid results and burgeoning number of point-of-care (POC) testing centers have led to the spiraling growth of the market. However, increase in the costs of testing and lack of skilled labor could hamper the market growth to a certain extent. Further, increase in awareness among patients about self-testing products & home diagnostic tests in developing countries, and research & development for developing new testing technologies is expected to offer significant opportunities for market growth in near future.

North America Blood Testing Market Share, By End-Users, 2017 & 2026

North America Blood Testing Market Share, By End-Users, 2017 & 2026

Note: Inside circle depicts data for 2017 & outside circle depicts the data for 2026

Segment Analysis

The global blood testing market is segmented on the basis of type of tests, product type, end-users and geography. Based on the type of tests, the market is categorized into glucose testing, lipid profile, liver function tests, prostate specific antigen, hormones, blood urea nitrogen, high-sensitivity C-reactive protein, thyroid stimulating hormone, serum nicotine/cotinine and others. Depending on the product type, the market is divided into Instruments, Software and Services and Reagents & Testing Kits; and based on end-users the market is segmented into laboratory, hospitals, POC testing and blood banks.

SAMPLE TABLE
North America Blood Testing Market, By End-users, 2017 - 2026 
(USD Million)

SAMPLE TABLE North America Blood Testing Market, By End-users, 2017 - 2026 (USD Million)

Regional Analysis

The report analyzes the global market across North America, Germany, Asia-Pacific, Latin America, and Middle East & Africa (MEA). North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Russia and Rest of Europe. Asia-Pacific is bifurcated into India, China, Japan and Rest of Asia-Pacific. Latin America is categorized into Brazil and Mexico. Middle East & Africa comprise of South Africa, and Rest of Middle East & Africa.

Competitive Landscape

The key players in the market are launching new products and gaining regulatory approval to maintain a competitive edge. For instance, in November 2017, ITL Biomedical launched Transfer Cap Set, which is the latest blood culture testing product which ensures the safe and effective transfer of culture samples from a bacterial collection bottle to a vacuum tube. Additionally, In September 2017, Abbott’s FreeStyle Libre Flash Glucose Monitoring System has cleared the US FDA approval which uses under-the-skin sensor wire to measure the blood glucose levels, thereby eliminating the need of finger pricking. Moreover, In January 2017, Abbott has received the CE Mark for its Alinity System used for plasma and blood screening. The other key players operating in the industry include Abbott Laboratories, Alere, Inc., Becton Dickinson and Company, Bio-Rad Laboratories, Beckman Coulter, bioMérieux SA, Biomerica Inc., Bruker Corporation, Cepheid, Nanosphere, Inc., Nipro Diagnostics, Roche Diagnostics, Siemens AG, Thermo Fisher Scientific, Inc., and Trinity Biotech PLC. Market players have adopted various strategies such as such as merger & acquisitions, novel product development, venture capital investments among others to expand their foothold and increase their customer base. Geographically, North America accounted the largest share in the global blood testing market in 2017.

Key questions answered by the report

  • What is the current market size and forecasts of Global blood testing market
  • What is the market opportunity for glucose testing market
  • How big is the market size for POC testing for the blood testing market
  • How much will the North America blood testing market be worth by 2026
  • What are the companies in this market and how are they classified
  • What are the available opportunities and who are the top market players in this segment
  • Which are the major application segments and what traction are they gaining in the market

 

Table of Contents

  1. Overview and Scope
    1. Research goal & scope
    2. Research assumptions
    3. Research methodology
      1. Primary data sources
      2. Secondary data sources
    4. Key take-aways
    5. Stakeholders
  2. Executive Summary
    1. Market definition
    2. Market segmentation
  3. Blood Testing Market Insights
    1. Blood Testing – Industry snapshot
    2. Blood Testing - Ecosystem analysis
    3. Blood Testing Market Dynamics
      1. Blood Testing – Market Forces
        1. Blood Testing Market Driver Analysis
        2. Blood Testing Market Restraint/Challenges analysis
        3. Blood Testing Market Opportunity Analysis
      2. Industry analysis - Porter's five force
        1. Bargaining power of supplier
        2. Bargaining power of buyer
        3. Threat of substitute
        4. Threat of new entrant
        5. Degree of competition
      3. Blood Testing Market PEST Analysis, 2017
      4. Blood Testing Market Value Chain Analysis
      5. Blood Testing Industry Trends
      6. Competitive Ranking Analysis
  4. Blood Testing Market Size and Forecast, 2017-2026 by Test Type
    1. Key Findings
    2. Glucose testing
    3. Lipid Profile
    4. Liver function tests
    5. Prostate specific antigen
    6. Hormones
    7. Blood Urea Nitrogen
    8. High-sensitivity C-reactive protein
    9. Thyroid stimulating hormone
    10. Serum nicotine/cotinine
    11. Others
  5. Blood Testing Market Size and Forecast, 2017-2026 by Product Type
    1. Key Findings
    2. Instruments
    3. Software and Services
    4. Reagents & Testing Kits
  6. Blood Testing Market Size and Forecast, 2017-2026 by End-Users
    1. Key Findings
    2. Laboratory
    3. Hospitals
    4. Point of Care (POC) Testing
    5. Blood banks
  7. Blood Testing Market Size and Forecast, 2017-2026 by Region
    1. Key Findings
    2. North America
      1. U.S.
      2. Canada
    3. Europe
      1. Germany
      2. UK
      3. Russia
      4. Rest of Europe
    4. Asia-Pacific
      1. China
      2. Japan
      3. Rest of Asia-Pacific
    5. Latin America
      1. Brazil
      2. Mexico
    6. Middle East & Africa
  8. Company Profiles
    1. Abbott
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    2. Alere, Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    3. Becton Dickinson and Company
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    4. Bio-Rad Laboratories
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    5. Beckman Coulter
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    6. bioMérieux SA
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    7. Biomerica Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    8. Bruker Corporation
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    9. Cepheid
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    10. Nanosphere Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    11. Nipro Diagnostics
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    12. Roche Diagnostics
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    13. Siemens AG
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    14. Thermo Fisher Scientific Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    15. Trinity Biotech PLC
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments

Report Content

Qualitative Analysis

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
  • Competitive landscape
    • Overview
    • Financials
    • Product benchmarking
    • Latest strategic developments

Quantitative Analysis

  • Market size, estimates, and forecasts from 2017 – 2026
  • Market revenue estimates for test type up to 2026
  • Market revenue estimates for product type up to 2026
  • Market revenue estimates for end-user up to 2026
  • Regional market size and forecast for segments up to 2026
  • Company financials

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