The blood testing market size is expected to reach USD 173.59 Billion by 2032, according to a new study by Polaris Market Research. The report “Blood Testing Market Share, Size, Trends, Industry Analysis Report, By Test (CBC test, Blood glucose test, Lipid panel testing, Covid-19, BUN testing (Blood Urea Nitrogen), A1C, Cortisol, Creatinine, Others), By Product, By Method, By End-Use, By Region, Segments & Forecast, 2023 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing prevalence of chronic and infectious diseases, technological advancements in blood testing devices, and the need for point-of-care (POC) testing centers are the prime factors expected to drive the market in the forecast period.
A blood test is a medical procedure in which a healthcare professional draws blood samples from a patient's vein using a needle, syringe, or another device. Blood tests are used for various purposes, including diagnosing diseases and medical conditions, monitoring the effectiveness of treatments, and evaluating overall health.
The increasing prevalence of chronic and infectious diseases drives demand for blood testing services and products, creating growth opportunities for companies in the blood testing market. Companies that can provide innovative, accurate, and cost-effective solutions to meet the growing demand for blood testing are likely to succeed in this dynamic market.
For instance, as per International Diabetes Federation, India has the highest number of people with diabetes in the world with about 77 million people living with diabetes and was projected to reach a value of 134 million by 2045. The increasing chronic diseases in India and other countries have necessitated blood testing to detect the disease.
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Polaris Market Research has segmented the blood testing market by test, product, method, end-use, and region:
Blood Testing Market, Test Outlook (Revenue - USD Billion, 2019 - 2032)
Blood Testing Market, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Blood Testing Market, Method Outlook (Revenue - USD Billion, 2019 - 2032)
Blood Testing Market, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Blood Testing Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)