Home > Healthcare IT > Blood Testing Market Growth by Test Type, regional outlook & end-user
Straits Research

Blood Testing Market

Blood Testing Market: Information by Test Type (Glucose Testing, Liquid Panel Testing), End-User and Regional Outlook — Forecast Till 2026

Table of Content Download Sample

Market Snapshot

market snapshot
Base Year:
2017
Study Period:
2016-2026
CAGR:
6.10 %
Fastest Growing Market:
Asia Pacific
Largest Market:
North America

Blood testing is a laboratory-based examination used to assess the general state of health and disease progression, and identify the presence of bacteria & virus. It is generally performed by taking a small trail of blood from the patient’s body with the help of a finger prick or needle. Cancer, cardiovascular disease, Acquired Immunodeficiency Syndrome (AIDS), anemia, and diabetes are some of the common diseases wherein blood tests are used for diagnosis. Thyroid function test, enzyme-linked immunosorbent assay (ELISA) test, karyotyping, blood cholesterol test, full blood count (FBC), erythrocyte sedimentation rate (ESR), C-reactive protein (CRP) test, electrolyte test, and liver function test are some of the important blood tests used for diagnosing different diseases.

The global blood testing market has been witnessing significant growth, owing to growing health consciousness, rapidly aging global population, increasing incidences of numerous diseases such as hepatitis, human immunodeficiency virus (HIV) infection, cancer, thyroid, genetic disorders and bacterial and viral allergic disorders, and expanding application of blood testing in other diagnostic areas.

The global blood testing market was valued at USD 54.1212 billion in 2018 and is projected to reach a value of USD 67.50 billion by 2026, registering a CAGR of 6.10% during the forecast period, 2019–2026.

Intended Audience

  • Biotechnology Companies
  • Government Institute
  • Blood Testing Kit Manufacturers and Suppliers
  • Blood Testing System Manufacturers and Suppliers
  • Research and Consulting Firms
  • Academic Medical Centers and Universities
  • Venture Capital Firms
  • Research and Development Firms

Blood Testing Market: Segmental Insights

The blood testing market has been segmented on the basis of type, end-user, and region.

Based on type, the global blood testing market has been segmented into glucose testing, lipid panel testing, direct LDL testing, BUN testing, and high sensitivity CRP testing. Glucose testing, also referred to as blood sugar, FBS, and blood glucose, is expected to gain traction in the global blood testing market during the forecast period (2019–2026). Blood glucose testing is a test used to weigh the concentration of glucose in blood. It is essential to test glucose prior to or post major and minor surgeries in order to examine the state of health and the health of certain organs that may be affected by high and low blood sugar, such as liver, and kidneys. The vital role played by glucose test in routine heath checkups and surgeries is expected to propel market growth in years to come.

By end-user, the global blood testing market has been segmented into hospitals, clinic, and diagnostic centers. The hospital segment is expected to register the highest CAGR during the forecast period, 2019–2026. Growing number of hospitals, villages and remote areas and increasing use of glucose test reports prior and post surgery are expected to augment the demand for glucose testing . Furthermore, some multinational hospitals are looking to establish global presence; for instance, in 2017, Columbia Asia, a multinational chain of hospitals owned by U.S. investors, opened a chain hospital in Bangalore, India.

Geographically, the global blood testing market is classified into four major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa.

North America is estimated to dominate the market owing to continuously increasing geriatric population, progressive technological facilities, and introduction of advanced technologies for the POC blood test. Additionally, the rising standard of living and the increase in disposable income simultaneously increases the growth of the market.

Regional Insights

Geographically, the blood testing market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

North America is estimated to hold a major share in the global blood testing market, owing to the increasing number of cancer patients, growing geriatric population, progressive technological facilities, and introduction of advanced technologies for the POC blood test. Moreover, a favorable medical reimbursement scenario is also expected to drive market growth in the region. According to the Center for Disease Control and Prevention, in the U.S., more than 9.5 million people donate blood while over 5 million people receive blood annually.

The Asia Pacific is pegged to be the fastest-growing region in the global blood testing market due to the region’s untapped market potential and increasing awareness regarding early disease detection. Glucose testing finds critical importance in pregnancy, and government initiatives facilitating assured, quality, and comprehensive antenatal care free of cost are expected to bolster the demand for blood testing in the region. According to the Ministry of Health & Family Welfare (Government of India), The Pradhan Mantri Surakshit Matritva Abhiyan was launched with an aim to provide maternity and free-of-cost facilities for healthy and secure pregnancies.  

Europe is expected to witness strong growth in the global blood testing market owing to technological advancements, development of improved healthcare infrastructure, government support, and favorable reimbursement policies. Additionally, increasing diabetic population and growing number of diagnostic laboratories are propelling market growth in Europe. According to the World Health Organization (WHO), about 60 million people suffer from diabetes in Europe.

The LAMEA region is expected to witness steady growth during the forecast period, 20192026, owing to the lack of awareness, poor healthcare infrastructure, and government policies in the region.

Prominent Players

Some of the prominent players in the blood testing market include Abbott Laboratories (U.S.), Ortho Clinical Diagnostics (U.S.), Bio-Rad Laboratories (U.S.), Baxter International (U.S.), Gen-Probe Inc. (U.S.), Novartis (Switzerland), Roche Diagnostics (Switzerland), Becton Dickinson & Company (U.S.), Biomerica Inc. (U.S.), bioMerieux Inc. (France), Cepheid Corporation (U.S.), Meridian Bioscience Inc. (U.S.), Trinity Biotech (Ireland), and Alere Inc. (U.S.).

Report Scope

Report Metric Details
Market Size USD 67.50 billion by 2026
CAGR CAGR 6.1%
Historical Data 2015-2016
Base Year 2017
Forecast Period 2018-2026
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered by Test Type (Glucose Testing, Liquid Panel Testing), End-User
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Abbott Laboratories (U.S.), Ortho Clinical Diagnostics (U.S.), Bio-Rad Laboratories (U.S.), Baxter International (U.S.), Gen-Probe Inc. (U.S.), Novartis (Switzerland), Roche Diagnostics (Switzerland), Becton Dickinson & Company (U.S.), Biomerica Inc. (U.S.), bioMerieux Inc. (France), Cepheid Corporation (U.S.), Meridian Bioscience Inc. (U.S.), Trinity Biotech (Ireland), and Alere Inc. (U.S.).,
Key Market Opportunities Advanced Technologies For The Poc Blood Test

Blood Testing Market Segmentation

By Test Type

  • Glucose Testing
  • Lipid Panel Testing
  • Direct LDL Testing
  • Bun Testing
  • High Sensitivity CRP Testing
  • Others

By End-User

  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Others

By Regions

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Argentina
  • Colombia
  • Rest of Latin America

MEA

  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA

Why buy this report?

  • Historical inferences, findings & analysis of the market from 2016 to 2018
  • Projections and performance forecast analysis for future from 2019 to 2026
  • Production and consumption point of view (POV) analysis
  • Market drivers, restraint and opportunity analysis to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
  • Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability and future prospects.

Frequently Asked Questions (FAQs)

The global blood testing market was valued at USD 54.1212 billion in 2018 and is projected to reach a value of USD 67.50 billion by 2026, registering a CAGR of 2.8% during the forecast period, 2019–2026.

The blood testing segment is expected to be the leading segment in Testing Market during the forecast period.
In 2018 Global Blood Testing Market was valued at USD 54.1212 billion.
Owing to the increasing number of cancer patients, growing geriatric population, progressive technological facilities, and introduction of advanced technologies for the POC blood test.
North America is expected to hold the highest market share in the Blood Testing Market.
Abbott Laboratories (U.S.), Ortho Clinical Diagnostics (U.S.), Bio-Rad Laboratories (U.S.), Baxter International (U.S.), Gen-Probe Inc. (U.S.), Novartis (Switzerland), Roche Diagnostics (Switzerland), Becton Dickinson & Company (U.S.), Biomerica Inc. (U.S.), bioMerieux Inc. (France), Cepheid Corporation (U.S.), Meridian Bioscience Inc. (U.S.), Trinity Biotech (Ireland), and Alere Inc. (U.S.) are the top players in Blood Testing Market.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
Price Starts From
USD4250

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report
Want to learn more about recent trends and data ?
They Already Trust Us :
Veto-Pharma
Nippon Becton Dickinson
Merck
Argon Medical Devices
Abbott
Johnson & Johnson
Need Assistance?
+1 646 480 7505 (U.S.)
+44 208 068 9665 (U.K.)
Looking For Custom Report ?

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Check Our License Options :
Report Snapshot

As featured on :

clients
Trusted by Fortune 500
Over 30000+ subscribers