Global Blood Testing Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz, in its upcoming report titled, “Global Blood Testing Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global blood testing market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global blood testing market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global blood testing market is estimated to exhibit a X.X% CAGR in terms of value during the forecast period 2018–2027. The global blood testing market report has been segmented on the basis of type and region.

Blood test is the lab analysis of elements in the blood. It is performed to determine the state of health, the presence of virus and bacteria, and to accesses the disease progression. It is performed by taking a small sample of blood from patients’ body with the help of finger prick or needle. Cardiovascular diseases, cancer, diabetes, and anemia are some of the major diseases for which blood test is recommended to confirm the diseased condition. Blood testing is recommended by physicians to analysis the body functioning. Blood testing is performed in order to assess the functioning of body organs such as liver, kidney, and thyroid.

Increasing awareness among the people about self-testing and home diagnostic tests are expected to fuel the market growth over the forecast period. Patients with a chronic disease like diabetes have a long-term need for portable and self-reliable diagnostic capabilities. Blood testing market is estimated to grow due to increase in prevalence of diseases such as cancer, thyroids, hepatitis, HIV infection, genetic disorder, and viral allergies.

Glucose testing is estimated to account the largest share of revenue owing to the higher sale of these tests than other tests. Higher occurrence rate of Type I and Type II Diabetes coupled with a rise in chances of development of genetic diabetes are key factors attributive for comparatively higher sales associated with the segment. Diabetes monitoring is also carried out prior to any surgical intervention in the patient undergoing surgery and suffering from diabetes which consequently influences demand for these test.

North America is the accounted for the largest share of revenue in the global blood test market. Increasing chronic diseases among the population are expected to fuel the blood test market in the region. The Asia Pacific is expected to register the highest growth due to the presence of high unmet diagnostic needs in the region coupled with rising healthcare expenditure in the developing economies like India and China is expected to boost the blood test market in the region.

Market segmentation and key players operating in the Global Blood Testing Market:

Global market segmentation by type:

• Glucose testing
• Lipid panel testing
• Thyroid stimulating hormone testing
• Others

Global market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa