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Blood Testing Market Share

ID: MRFR//4341-HCR | 100 Pages | Author: Kinjoll Dey| November 2024

The blood testing market is a dynamic and critical component of the healthcare industry, playing a pivotal role in diagnostics and disease management. Market share positioning strategies are crucial for companies operating in this space to gain a competitive edge and meet the evolving needs of healthcare consumers.
To secure a prominent market share, companies are increasingly diversifying their testing services. This involves offering a comprehensive range of blood tests, from routine screenings to specialized diagnostic panels. By catering to a broad spectrum of medical needs, companies can capture a larger portion of the market and establish themselves as one-stop solutions for healthcare providers.
Staying abreast of technological advancements is key in the blood testing market. Companies are investing in cutting-edge technologies such as next-generation sequencing, point-of-care testing, and artificial intelligence-driven analytics. By adopting these innovations, companies can enhance the accuracy and efficiency of their tests, ultimately attracting healthcare professionals and consumers seeking the latest in diagnostic capabilities.
Making deals with healthcare providers is a usual way to make sure our market share stays strong. Blood test businesses work with hospitals, clinics and healthcare systems to grow their area. They make it easier for people to use their services. These team-ups help get more customers and also build trust among health care workers.
Blood test companies, knowing more people want personal care in healthcare are focusing on giving easy and patient-pleasing solutions. This includes things like home blood test kits, websites for getting results online and mobile health apps. By focusing on making the patient happy, businesses can stand out from competitors and create trust in their brand.
Blood testing firms are growing in more places to get a bigger share of the market. This means going into markets that haven't been touched and setting a solid base in areas with increasing healthcare needs. By making their services special to different groups, firms can break into new markets and grab more of the world blood testing market.
In a world of healthcare where cost-saving is important, blood test firms are planning to give lower prices for their services. To offer cheap tests, some strategies used include doing lab jobs well, getting good deals with suppliers and using large-scale savings. This method is liked by health professionals, insurance companies and people who watch their money.
Getting control of the market means teaching doctors and regular people why blood testing is important. Businesses spend money to teach people about healthy living, finding sickness early and the importance of blood tests for fast disease spotting. This not only helps them get their services known, but also supports efforts to keep people healthy.
In an industry where being right and trustworthy are very important, blood testing companies focus on following rules and making sure their work is good. Following strict rules helps make sure that testing processes and results are trustworthy. Businesses spend money on strong quality checks to gain the confidence of medical workers and customers, finally protecting their share in the market.
Remaining at the forefront of scientific advancements requires a commitment to ongoing research and development. Blood testing companies allocate resources to explore new biomarkers, refine testing methodologies, and improve the overall diagnostic capabilities of their services. This commitment to innovation not only sustains market share but positions companies as leaders in the ever-evolving landscape of healthcare diagnostics.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018 & 2020
Forecast Period 2023-2030
Growth Rate 7.90% (2022-2030)

Global Blood Testing Market Overview


Blood Testing Market Size was valued at USD 101.15 Billion in 2023. The Global Blood Testing industry is projected to grow from USD 110.49 Billion in 2024 to USD 205.68 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.15% during the forecast period (2024 - 2032).Growing medical spending by the government and regulatory bodiesare the key market drivers enhancing market growth.


Blood Testing Market


There may be a greater need for all-encompassing blood testing options due to the incidence of NCDs. Having more people get sick from infections is good for business. The rising prevalence of chronic diseases is a major factor in the market's CAGR. Growth in the market could be spurred by the increasing incidence of infectious disorders such diabetes, COVID-19, and cardiovascular disease.


The need for blood donations also rises in tandem with the rising cancer patient population. Blood and platelets are essential for patients undergoing chemotherapy, blood transfusions, or surgical procedures for cancer. Therefore, there will likely be a greater demand for diagnostic blood testing.


Health organizations on a global scale help in the search for new treatments and raise public consciousness about the importance of early identification and treatment of both common and chronic diseases. The market is anticipated to grow as a result of robust external funding for clinical trials leading to the creation of novel breakthrough diagnostic tests. High-impact rendering market drivers include the establishment of positive regulatory parameters that aim to boost the use of POC testing.


February 2024, Becton Dickinson has launched a new blood collection device that links with its digital health platform, enabling real-time monitoring and analysis of patient samples.


January 2024, Novartis Diagnostics has announced a new collaboration with a top technology company to improve its blood testing capabilities through AI. The partnership is intended to increase diagnostic accuracy and speed for a variety of blood-related illnesses.


July 2023:By the end of 2024, Identifai, an Israeli medical firm, may have commercialized a noninvasive test for genetic abnormalities, which could alleviate some of the associated anxiety during pregnancy. An ideal prenatal test would be a blood test that could detect genetic diseases as early as possible in pregnancy, with accuracy on par with amniocentesis. Furthermore, despite the test's ease of use and lack of invasiveness, it is still a screening tool used to anticipate risk, and not a diagnostic test.


Blood Testing Market Trends



  • Growing prevalence of NCDs will propel the market growth


According to the World Health Organization report, cardiovascular disease is the leading cause of most deaths (17.9 million) associated with NCD, followed by malignant disease, respiratory disease and diabetes. The prevalence of NCDs may increase the demand for comprehensive blood testing solutions. Increasing the number of people suffering from pathogens will boost the industry. The market CAGR is driven by an increase in chronic diseases related to health assessment. The rising prevalence of infectious diseases such as diabetes, COVID-19, and cardiovascular disease may boost the market growth. In addition, as the number of cancer patients increases, the demand for blood donations increases. Cancer patients need blood and platelets during chemotherapy, blood replacement, and surgery. As a result, the need for screening blood tests is expected to increase. For instance, as per the national diabetes statistics report in 2020, 34.2 million people approximately or about 10.5% of the United States population, have diabetes. Type 1 diabetes consists about 5.2% of all detected cases of diabetes, affecting approximately 1.6 million people in the United States.


Figure 1: Growing prevalence of NCDs globally from 2002-2017 (in %)


Growing prevalence of NCDs globally from 2002-2017


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Launching technologically advanced blood tests in the country will also positively contribute to market growth. For instance, in August 2021, Smart Meter launched an iGlucose monitor for managing gestational diabetes. iGlucose offers an reliable and easy way to monitor, test, and manage blood glucose levels, confirming that all care suppliers have rapid access to testing results.


However, the lengthy regulatory process and lack of understanding regarding developing new blood testing technologies and processes may hinder the the Blood Testing market revenue.


Blood Testing Market Segment Insights


Blood Testing Test Type Insights


Based on Test Type, the market segmentation of Blood Testing includes Complete Blood Count, Blood Chemistry Tests, and Enzyme Tests. The complete blood count Blood Testing segment held the majority share in 2021 with respect to the Blood Testing market revenue. The growth is being fueled to look at overall health and find various conditions, including anemia, infection and leukemia. Increased chronic disease will further help create demand in this segment. The growing burden of chronic diseases, rising demand for home healthcare, the introduction of advanced technology-enabled products, implementation of favorable government initiatives and rising research and development expenditures on developing blood tests is expected to drive the market.


Blood Testing Disease Insights


 The Blood Testing industry, based on disease, includes Anemia, infection, and Leukemia. The infection segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2024-2032, due to the increasing number of chronic and infectious diseases. The World Health Organization (WHO) said in January 2022 that an estimated 100-400 million dengue infections occur worldwide each year. Early detection of severe dengue-related disease progression and access to appropriate medical care can reduce severe dengue mortality to less than 1%. Therefore, the reduction in mortality due to early diagnosis of the disease will increase the demand for timely diagnosis and drive the market. It is among the major factors for the same. Hence, rising Disease options for blood testing positively impact the market growth.


Blood Testing Service Method Insights


The blood testing market segmentation, based on Method, includes manual and automated. The complete blood count blood testing segment held the majority share in 2022 with respect to the market revenue of blood testing, primarily owing to the growing integration of software in the laboratory for managing large sample sizes is one of the major factors propelling market development.


Blood Testing End-User Insights


The blood testing market data has been bifurcated by application in hospitals and diagnostic centers. The hospital's segment dominated the market in 2022, and the terminal side segment is anticipated to be the faster-growing segment during the forecast period, 2024-2032. The ascendency of this segment is due to its fast service. Clinics, hospitals and other medical facilities offer advanced testing. The exponential growth of COVID-19 cases worldwide has increased the demand for large-scale diagnostic testing..


May 2020:DarioHealth Corp. announced that its Self-test Blood Glucose Meters had been approved U.S. FDA approval for use in hospitalized diabetic patients.


Figure 2: Blood Testing Market, by End-User, 2023 & 2032 (USD Billion)


Blood Testing Market, by End-User, 2022 & 2030


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


July 2023,Quest Diagnostics introduced the first DTC blood test for beta amyloid, a critical Alzheimer's protein that can be present years before symptoms of dementia develop. The news comes after Leqembi, a medicine developed by Eisai and its partner Biogen to clear amyloid from the brain and delay the progression of Alzheimer's in early-stage patients, received full regulatory approval in the United States earlier this month. The FDA has not reviewed the Quest lab-designed test because it was developed and is administered in a single lab. As long as the test is ordered by a doctor, the FDA usually doesn't look into it.


July 2023,SiPhox Health, a Silicon Valley, California-based silicon photonics firm, revealed it had secured USD 27 million in investment. Khosla Ventures and Y Combinator led a USD 10 million seed fundraising round, while Intel Capital led a USD 17 million Series A round, both with participation from other investors. The funds raised will be used to hire more people to help the company gain FDA approval for the SiPhox Home platform. The business claims that its SiPhox Home device, which requires only a finger prick for blood collection, will be able to perform a wide variety of protein and hormone assays


Blood Testing Regional Insights


By region, the study offers market insights into Asia-Pacific, Europe, North America, and Rest of the World. The North America Blood Testing market accounted for USD 40.991 billion in 2022 and is anticipated to exhibit a significant CAGR growth during the study period. This is attributed to increasing strategic initiatives by government agencies and market players to increase plasma donations across the region, which is one of the factors expected to drive market growth. Blood centers across the country are increasing efforts to collect plasma from people who have recovered from illness. In addition, the US market of blood testing accounted for the largest market share, while the Canadian market of blood testing was the fastest growing market in the North America region.


Further, the key countries studied in the market report are: The U.S, Canada, UK, Italy, Spain, Germany, France, China, Japan, India, Australia, South Korea, and Brazil.


Figure 3: BLOOD TESTING MARKET SHARE BY REGION 2022 (%)


BLOOD TESTING MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe's Blood Testing market accounts for the second-largest market share due to the rising number of blood donations is further expected to drive demand for testing products for pre and post-transplant procedures to drive the market growth. Furthermore, various initiatives undertaken by governmental bodies to accelerate the market of blood testing enhance their capabilities and boost their position in the market. Moreover, the UK market of blood testing held the largest market share, and the Germany market of blood testing was the fastest-growing market in Asia-Pacific.


The Asia-Pacific Blood Testing Market is anticipated to increase at the fastest CAGR from 2024 to 2032 due to the Increasing occurrence of chronic diseases in developing countries such as China and India is the main factor driving the market growth. Additionally, several multinational companies have invested heavily in the region. Moreover, the China market of blood testing held the largest market share, and the India market of blood testing was the fastest-growing market in Asia-Pacific.


Blood Testing Key Market Players & Competitive Insights


Key market players are spending a lot of money on research & development to increase their product lines, which will help the market growth of blood testing. Market players are also taking various strategic initiatives to expand their presence, with key market developments such as contractual agreements, increased investments, new product launches, mergers and acquisitionsand collaboration with other organizations. Competitors in the Blood Testing industry must offer cost-effective products and services and survive in an environment of increasing competition and expanding markets..


One of the key business strategies manufacturers adopt in the Blood Testing industry to benefit clients and expand the market sector is increasing investment in R&D to enhance solutions and services. In recent years, the blood testing industry has provided transparency and reduced disruptions in the supply chain. The Blood Testing market major player such as Novartis Diagnostics (U.S.), Becton Dickinson & Company (U.S.), Biomerica Inc. (U.S.), Cepheid Corporation (U.S.), Meridian Bioscience, Inc. (U.S.), Trinity Biotech (U.S.), Bio-Rad Laboratories Inc. (U.S.), Siemens Healthcare (Germany), Grifols (Spain), Nanosphere Inc. (U.S.), bioMérieux (France), Roche Diagnostics (Switzerland), Alere Inc. (U.S.), Bruker Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.) Beckman Coulter (U.S.), Cardinal Health (U.S.), Danaher Corporation (U.S.), Trividia Health (U.S.), and others are working on expanding the market demand by investing in research and development activities.


Siemens Healthineers is a German medical device company. It is the parent company of numerous medical technology companies. In October 2020, Siemens Healthineers announced an expansion of its COVID-19 and molecular assay industrial capacity in India. This innovative facility will develop antibody (serology testing), antigen, and RT PCR tests for COVID-19 in in Vadodara, Gujarat.


Becton, Dickinson and Company (also known as BD) is an American manufacturer of multinational medical technology company and markets medical devices, device systems and reagents. BD also offers consulting and analytical services in certain geographies. For instance, in March 2020, BD and BioMedomics announced the release of an point-of-care test that can identify antibodies in blood to check past exposure or current to COVID-19 in less than 15 minutes.


Key Companies in the Blood Testing market includes



  • Novartis Diagnostics (U.S.)

  • Becton Dickinson & Company (U.S.)

  • Biomerica

  • Cepheid Corporation (U.S.)

  • Meridian Bioscience

  • Trinity Biotech (U.S.)

  • Bio-Rad Laboratories Inc. (U.S.)

  • Siemens Healthcare (Germany)

  • Grifols (Spain)

  • Nanosphere Inc. (U.S.)

  • bioMérieux (France)

  • Roche Diagnostics (Switzerland)

  • Alere Inc. (U.S.)

  • Bruker Corporation (U.S.)

  • Thermo Fisher Scientific Inc. (U.S.) Beckman Coulter (U.S.)

  • Cardinal Health (U.S.)

  • Danaher Corporation (U.S.)

  • Trividia Health (U.S.)


Blood Testing Industry Developments


October 2020: Siemens Healthineers has announced the shipping worldwide of a laboratory-based total antibody test for the discovery of IgM and IgG antibodies to SARS-CoV-2 in blood. Total antibody testing can identify patients who have developed an adaptive immune response.


November 2020: BioMerieux launched CLARION, a software-as-a-service (SaaS) solution for diagnosing infectious diseases and connecting the diagnostic data in the United States. Developments such as these are expected to impact industry dynamics positively.


Blood Testing Market Segmentation


Blood Testing Test Type Outlook




  • Complete Blood Count




  • Blood Chemistry Tests




  • Enzyme Tests




Blood Testing Disease Outlook



Blood Testing Method Outlook




  • Manual




  • Automated




Blood Testing End-User Outlook




  • Hospitals




  • Diagnostic Center




Blood Testing Regional Outlook




  • North America



    • US

    • Canada




  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe






  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America





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