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Global Blood Testing Market 2017-2021

Global Blood Testing Market 2017-2021

About Blood Testing

Blood testing is the analysis of blood samples. It is used in healthcare to detect mineral contents in blood, diseases and disease-causing infections, and signs of drug abuse. It helps physicians to understand the biochemical and physiological state of the blood, pharmaceutical drug effectiveness, and organ functioning. For blood testing, blood is either taken from a vein in the arm with the help of a syringe or through a finger prick with the help of a needle.

Technavio’s analysts forecast the global blood testing market to grow at a CAGR of 2.82% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global blood testing market for 2017-2021. To calculate the market size, the report considers the revenue generated from retail sales of blood testing equipment, which includes instruments, reagents, and consumables.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Blood Testing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott Laboratories
  • Bio-Rad Laboratories
  • F. Hoffmann La Roche
  • Siemens Healthineers
Other prominent vendors
  • bioMerieux
  • Cardinal Health
  • Cepheid
  • Danaher
  • Novartis
  • Thermo Fisher Scientific
  • Trinity Biotech
  • Trividia Health
Market driver
  • High demand for RDTs
  • For a full, detailed list, view our report
Market challenge
  • Lack of trained professionals
  • For a full, detailed list, view our report
Market trend
  • Thriving demand for POCT
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Blood Testing Market 2017-2021

Technavio recognizes the following companies as the key players in the global blood testing market: Abbott Laboratories, Bio-Rad Laboratories, F. Hoffmann La Roche, and Siemens Healthineers.

Other Prominent Vendors in the market are: bioMerieux, Cardinal Health, Cepheid, Danaher, Novartis, Thermo Fisher Scientific, Trinity Biotech, and Trividia Health.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is thriving demand for POCT. The diagnostics business market is undergoing revolutionary change, with the devices getting smaller in size, the customary focal research centers moving to close patient locales, and growing test menus due to the increasing adoption of multiparameter monitoring devices.”

According to the report, one driver in the market is high demand for RDTs. RDTs are medical tests that are quick and easy to perform. They are suitable for preliminary or emergency medical screening, and can be performed in medical facilities with limited resources. They also allow POC testing in primary care, which was earlier limited to laboratories. They provide results within two hours, typically in approximately 20 minutes. Hence, laboratory methods that require more than one hour to provide a clear diagnosis of disease are not considered rapid tests.

Further, the report states that one challenge in the market is lack of trained professionals. Effective translation of diagnostics from the research phase to the application phase presents challenges. For instance, blood testing requires extensive optimization before results can be interpreted correctly. Therefore, clinical laboratories require trained specialists. However, there is a shortage of these specialists in diagnostic centers and hospitals worldwide. Most rural hospitals in the US face issues such as lack of required patient volume to justify having specialists who charge a premium for performing additional tests.

Companies Mentioned

Abbott Laboratories, Bio-Rad Laboratories, F. Hoffmann La Roche, Siemens Healthineers, bioMerieux, Cardinal Health, Cepheid, Danaher, Novartis, Thermo Fisher Scientific, Trinity Biotech, and Trividia Health.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Advantages of blood testing
      • Table Types of blood tests
      • Table Global blood testing market: Market overview
  • Market landscape
    • Market size and forecast
      • Table Global blood testing market 2016-2021 ($ billions)
      • Table Factors impacting the global blood testing market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Overview
      • Table Global blood testing market by end-user 2016-2021 (% share)
      • Table Global blood testing market by end-user: Snapshot
    • Global blood testing market by hospitals
      • Table Hospitals in global blood testing market 2016-2021 ($ billions)
    • Global blood testing market by clinics and diagnostic centers
      • Table Clinics and diagnostic centers in global blood testing market 2016-2021 ($ billions)
    • Global blood testing market by others
      • Table Others in global blood testing market 2016-2021 ($ billions)
  • Regional landscape
    • Geographical segmentation
      • Table Global blood testing market by geography 2016-2021 (%share)
    • Regional comparison
      • Table Regional comparison
    • Americas: Market size & forecast
      • Table Americas: Market size & forecast
      • Table Americas: Year-over-year growth
      • Table Top 3 countries in Americas
    • EMEA: Market size & forecast
      • Table EMEA: Market size & forecast
      • Table EMEA: Year-over-year growth
      • Table Top 3 countries in EMEA
    • APAC: Market size & forecast
      • Table APAC: Market size & forecast
      • Table APAC: Year-over-year growth
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Barriers for diagnostics market in developing countries
  • Market trends
    • Thriving demand for POCT
    • Increasing adoption of automation in healthcare sector
    • Increasing number of blood donations
  • Vendor landscape
    • Competitive scenario
      • Table Strategic success factors for vendors to consider
      • Table Strategic success factor of companies
    • Investment opportunity
      • Table Investment opportunity mapping
  • Key vendor analysis
    • Abbott Laboratories
      • Table Abbott Laboratories: Company profile
      • Table Abbott Laboratories: Strength analysis
      • Table Abbott Laboratories: Strategy assessment
      • Table Abbott Laboratories: Opportunity assessment
    • Bio-Rad Laboratories
      • Table Bio-Rad Laboratories: Company profile
      • Table Bio-Rad Laboratories: Strength analysis
      • Table Bio-Rad Laboratories: Strategy assessment
      • Table Bio-Rad Laboratories: Opportunity assessment
    • F. Hoffmann-La Roche
      • Table F. Hoffmann-La Roche: Company profile
      • Table F. Hoffmann-La Roche: Strength analysis
      • Table F. Hoffmann-La Roche: Strategy assessment
      • Table F. Hoffmann-La Roche: Opportunity assessment
    • Siemens Healthineers
      • Table Siemens Healthineers: Company profile
      • Table Siemens Healthineers: Strength analysis
      • Table Siemens Healthineers: Strategy assessment
      • Table Siemens Healthineers: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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