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Blood Testing Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

Blood

The “Blood Testing Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Blood Testing industry. The information available in the Blood Testing market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Blood Testing market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Blood Testing Market:

  • Abbott Laboratories
  • BioRad Laboratories
  • Baxter International
  • Thermo Fisher Scientific
  • Novartis International AG
  • F. Hoffmann
  • La Roche AG
  • Becton, Dickinson and Company
  • Biomerica Inc
  • BioMerieux SA
  • Cepheid Corporation

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    Market Overview:

  • The blood testing market is expected to witness rapid growth, due to the increasing need for the identification of infectious agents, cardiovascular diseases, cancer biomarkers, drug abuse, and women’s health issues. A blood test is performed for various indications, such as anaemia, infection, leukaemia, hypokalemia, and kidney. About 70% of the information in the average medical charts is from laboratory diagnostics, which also includes blood tests. Lab diagnostics, relying on diagnostic tests to initiate the treatment of any disease condition, have played a significant role in the growth of the blood testing market.
  • Moreover, increasing technological advancement is also one of the significant factors for the growth of the market. For instance, a couple of Universities in the United States have researched and made remarkable progress in developing new methods and ways of blood testing and analysing the samples. At the University of California, San Diego, the bioengineers have developed a new blood test that could detect cancer and pinpoint the location of the growing tumour.
  • Furthermore, a substantial number of CLIA waived blood tests available in the market are used within a wide range of healthcare settings. This, in turn, has led to the growth in the blood testing practices at out-of-hospital settings, such as home and physician’s offices.
  • The biotechnology company providing diagnostic solutions, i-calQ, has developed a smartphone-based point-of-care integrated mobile diagnosis and decision support system. Biosensor-equipped smartphones are used to quantify, interpret, and record point-of-care diagnostic tests using a drop of blood or saliva, and the results can be interpreted anywhere and at any time. Thus, technological advancement and increasing demand for identification of blood test are two main factors for the growth of the market.

    Scope of the Report:

  • As per the , blood testing is an analysis conducted in a laboratory, with the main aim to determine the general state of health, the presence of any harmful bacteria or viruses, and to assess disease progression. Some of the major diseases that require blood testing are Cancer and AIDS/HIV.

    Reasons for Buying Blood Testing Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Automated Blood Testing is Expected to Hold the Largest Share of the Blood Testing Market, over the Forecast Period

    Advanced technologies have reduced the number of blood vials necessary to perform blood testing. Now, hundreds of different tests can be performed from a single drop. Such a dramatic change has been cost-effective in providing better information for the physician, enabling disease detection at an early stage to initiate immediate treatment. For instance, Tasso Inc. has launched HemoLink, a painless blood collection product for blood sampling, which can be employed in a broad range of diagnostic applications. There are recent technology advances in needle-safety, for e.g., needles that are manually activated after insertion into the vein. Most recent among this allow passive activation of the safety feature, as the blood collection is initiated. Theranos company has launched a blood testing platform where the device uses a finger stick to draw a microlitre sample of blood into a disposable cartridge, which is loaded into the device’s “reader” for analysis; results are sent wirelessly from the reader to a secure database, from where they go online for a patient or patient’s physician to access. All these factors may augment the growth of automated blood testing in the market.

    North American Region Holds the Largest Market Share of the Blood Testing Market

    North America acquired its largest market share with technological advancements such as the introduction of miniaturized diagnostic devices, rendering rapid and accurate test results that have higher market penetration in the region, coupled with favourable medical insurance policies enhancing the market adoption. Favourable government initiatives and CLIA waiver on POC testing devices were also notable factors that estimated the growth.

    Blood Testing Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Blood Testing Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Growing Prevalence of Target Diseases
    4.2.2 Rising Demand for Home Healthcare and the Introduction of Advance Technology-enabled Products
    4.2.3 Implementation of Favorable Government Initiatives & External Funding for R&D Exercises
    4.2.4 Introduction of CLIA Waived Tests
    4.3 Market Restraints
    4.3.1 High Procedure Costs
    4.3.2 Stringent Regulatory Approval Process
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Complete Blood Count
    5.1.2 Blood Chemistry Tests/Basic Metabolic Panel
    5.1.2.1 Blood Glucose
    5.1.2.2 Kidney function tests
    5.1.2.3 Cardiac Function tests
    5.1.2.4 Liver Function test
    5.1.2.5 Lipid profile
    5.1.2.6 Others
    5.1.3 Microbiology Tests
    5.1.3.1 Blood Culture tests
    5.1.3.2 Staining
    5.1.3.3 Biochemical tests
    5.1.4 Other Types
    5.2 By Methods
    5.2.1 Manual Blood Testing
    5.2.2 Automated Blood Testing
    5.3 By End User
    5.3.1 Laboratory Diagnostics
    5.3.2 Hospitals
    5.3.3 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories
    6.1.2 BioRad Laboratories
    6.1.3 Baxter International
    6.1.4 Thermo Fisher Scientific
    6.1.5 Novartis International AG
    6.1.6 F. Hoffmann-La Roche AG
    6.1.7 Becton, Dickinson and Company
    6.1.8 Biomerica Inc
    6.1.9 BioMerieux SA
    6.1.10 Cepheid Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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