Market Revenue Blood Screening Market Formulation and Validation

Blood Screening Market Formulation and Validation, Estimation,
Scope Till 2024
“Blood Screening Market factors such as dearth of skilled manpower, high
operating costs, and strict regulatory approvals may hinder the market
development. The introduction of pathogen reduction technology and
microbiology screening.”
Global Blood Screening Market is anticipated to reach USD 3.9 billion by 2024. It is anticipated to grow at a
healthy rate in the years to come. Blood is a living tissue made up of liquid, with several proteins and cells
suspended in it. It contains red blood cells, circulating fluid, platelets, and white blood cells. It offers nutrition
and oxygen to the body cells through arteries, capillaries, and veins. It also helps in removal of carbon dioxide
and metabolic waste from the body. Blood screening implies medical procedure wherein blood is inspected for
a specific condition or disease. It helps to monitor health issues & diseases and a chronic ailments such as cancer
and infections. The facts that propel the growth of the Market include surge in adoption of nucleic acid
amplification test (NAT), increase in prevalence of infectious diseases, rise in awareness regarding healthcare,
and increase in the number of blood donations. Furthermore, surge in healthcare expenditure, increase in
healthcare initiatives by government, and technical developments in blood screening technologies have resulted
in the market growth.
On the other hand, factors such as dearth of skilled manpower, high operating costs, and strict regulatory
approvals may hinder the market development. The introduction of pathogen reduction technology and
microbiology screening & multiplexing are anticipated to offer profitable opportunities for the blood screening
market. and grow at a significant CAGR of 10.2% in the upcoming period as the scope, product types, and its
applications are increasing across the globe. Blood Screening Market may be analyzed based on technology,
product outlook, end users, and geography.
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