Market Overview:
The global blood testing services market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of lifestyle diseases, rising geriatric population, and technological advancements in blood testing services. Based on type, the global blood testing services market is segmented into screen, test, and evaluate segments. The screen segment is further sub-segmented into pre-test screening and post-test screening segments. The test segment is further sub-segmented into diagnostic tests and therapeutic drug monitoring (TDM) tests segments. The evaluate segment is further sub-segmented into quality assurance (QA) and quality control (QC) segments. Based on application, the global blood testing services market is divided into hospital, clinic, research institute, commonweal organizations segments. Geographically speaking North America dominates the global blood testing service followed by Europe due States owing to factors such as high prevalence of lifestyle diseases such as obesity & diabetes mellitus; growing geriatric population; increase in number of clinical laboratories; presence of major players offering advanced technologies for conducting various types of tests etc., Asia Pacific region has emerged as one fastest growing markets for Blood Testing Services Market with countries like China & India leading this charge backed by factors such as large population base; increasing awareness about early diagnosis/treatment options for various diseases etc.
Product Definition:
A blood testing service is a laboratory or other health care provider that offers blood tests to patients. Blood tests can be used to diagnose a variety of medical conditions, including infections, genetic disorders, and cancers. They can also be used to monitor the effectiveness of treatments.
Screen:
The global screen market is expected to witness significant growth over the forecast period. Increasing demand for advanced diagnostic technologies and rising awareness about early disease diagnosis are some of the factors driving this market. Furthermore, increasing prevalence of blood-related disorders such as sickle cell anemia, thalassemia and leukemia is also anticipated to fuel product demand in coming seven years.
Test:
The global test market is expected to witness significant growth over the forecast period. The increasing prevalence of target diseases such as cancer, diabetes, and cardiovascular disorders has led to a rise in demand for blood testing services. According to the International Diabetes Federation (IDF), approximately 425 million people are estimated to be diagnosed with diabetes by 2045 globally which will lead to an increase in demand for self-monitoring of blood glucose (SMBG) devices and tests.
Application Insights:
The hospital application segment dominated the global blood testing services market in 2017. This can be attributed to factors such as presence of a large number of hospitals, clinics and other healthcare facilities that offer routine blood tests to their patients. Moreover, increasing investments by governments in building new hospitals and upgrading existing facilities is expected to drive demand for these services over the forecast period.
Clinical research institutes also play an important role in driving market growth through various initiatives such as clinical trials for discovering new drugs or therapies or conducting clinical studies on diseases that affect a large number of people globally. For instance, The Institute of Cancer Research & Royal Marsden Hospital collaborate with University College London Hospitals NHS Foundation Trust for conducting international clinical trials related to cancer treatment every year.
Regional Analysis:
North America dominated the global blood testing services market in 2017. This can be attributed to the presence of a large number of players, high adoption rate for advanced technologies, and favorable reimbursement policies & regulatory reforms. The U.S., which is at the forefront of this region, has adopted several initiatives that are aimed at encouraging and supporting biotechnology companies with novel therapies that address unmet medical needs or offer potential for commercialization.
The Asia Pacific region is expected to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure due to government funding.
Growth Factors:
- Increasing incidence of lifestyle diseases such as diabetes and hypertension is expected to drive the demand for blood testing services.
- Rising awareness about the benefits of early diagnosis and treatment is anticipated to boost the growth of the market.
- Technological advancements in blood testing services are projected to fuel market growth over the forecast period.
- Growing demand for personalized medicine is expected to create opportunities for Blood Testing Services market players in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Blood Testing Services Market Research Report
By Type
Screen, Test, Evaluate
By Application
Hospital, Clinic, Research Institute, Commonweal Organizations
By Companies
Abbott, Biomerieux Marcy L’etoile, Roche, Nova Biomedical Corp., Siemens, Thermo Fisher Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Blood Testing Services Market Report Segments:
The global Blood Testing Services market is segmented on the basis of:
Types
Screen, Test, Evaluate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Research Institute, Commonweal Organizations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott
- Biomerieux Marcy L’etoile
- Roche
- Nova Biomedical Corp.
- Siemens
- Thermo Fisher Scientific
Highlights of The Blood Testing Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Screen
- Test
- Evaluate
- By Application:
- Hospital
- Clinic
- Research Institute
- Commonweal Organizations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blood Testing Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blood testing services are a way to get information about your blood chemistry. This can include things like checking for signs of diabetes, high cholesterol, and other health problems.
Some of the major companies in the blood testing services market are Abbott, Biomerieux Marcy L’etoile, Roche, Nova Biomedical Corp., Siemens, Thermo Fisher Scientific.
The blood testing services market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blood Testing Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blood Testing Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blood Testing Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blood Testing Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blood Testing Services Market Size & Forecast, 2018-2028
4.5.1 Blood Testing Services Market Size and Y-o-Y Growth
4.5.2 Blood Testing Services Market Absolute $ Opportunity
Chapter 5 Global Blood Testing Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Blood Testing Services Market Size Forecast by Type
5.2.1 Screen
5.2.2 Test
5.2.3 Evaluate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blood Testing Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Blood Testing Services Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Research Institute
6.2.4 Commonweal Organizations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blood Testing Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blood Testing Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Blood Testing Services Analysis and Forecast
9.1 Introduction
9.2 North America Blood Testing Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Blood Testing Services Market Size Forecast by Type
9.6.1 Screen
9.6.2 Test
9.6.3 Evaluate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Blood Testing Services Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Research Institute
9.10.4 Commonweal Organizations
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Blood Testing Services Analysis and Forecast
10.1 Introduction
10.2 Europe Blood Testing Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Blood Testing Services Market Size Forecast by Type
10.6.1 Screen
10.6.2 Test
10.6.3 Evaluate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Blood Testing Services Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Research Institute
10.10.4 Commonweal Organizations
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Blood Testing Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blood Testing Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Blood Testing Services Market Size Forecast by Type
11.6.1 Screen
11.6.2 Test
11.6.3 Evaluate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Blood Testing Services Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Research Institute
11.10.4 Commonweal Organizations
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Blood Testing Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Blood Testing Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Blood Testing Services Market Size Forecast by Type
12.6.1 Screen
12.6.2 Test
12.6.3 Evaluate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Blood Testing Services Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Research Institute
12.10.4 Commonweal Organizations
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Blood Testing Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blood Testing Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Blood Testing Services Market Size Forecast by Type
13.6.1 Screen
13.6.2 Test
13.6.3 Evaluate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Blood Testing Services Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Research Institute
13.10.4 Commonweal Organizations
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blood Testing Services Market: Competitive Dashboard
14.2 Global Blood Testing Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 Biomerieux Marcy L’etoile
14.3.3 Roche
14.3.4 Nova Biomedical Corp.
14.3.5 Siemens
14.3.6 Thermo Fisher Scientific
