The global blood screening market is projected to reach USD 3.8 billion by 2026 from USD 2.5 billion in 2021, at a CAGR of 8.4% during the forecast period. Growth in this market is mainly driven by the rising demand for donated blood, the growing number of blood donations across the world, and the rising prevalence of infectious diseases.
The key players in this market are Grifols (Spain), F. Hoffmann-La Roche Ltd. (Switzerland), Abbott Laboratories, Inc. (US), bioMérieux (France), Bio-Rad Laboratories, Inc. (US), Becton, Dickinson and Company (US), Beckman Coulter, Inc. (Danaher) (US), DiaSorin (Italy), Siemens Healthineers (Germany), Thermo Fisher Scientific, Inc. (US), Ortho Clinical Diagnostics Inc. (US), GE Healthcare (US), Merck KGaA (Germany), PerkinElmer (US), Bio-Techne Corporation (US), GFE (Germany), Trinity Biotech (Ireland), Mindray (China), Maccura Biotechnology Co., Ltd. (China), Immucor, Inc. (US), Cellabs (Australia), Abnova Corporation (Taiwan), Enzo Biochem, Inc. (US), and Cepheid (US).
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In 2020, F. Hoffmann-La Roche Ltd. held the leading position in the blood screening market. The company’s leading position in this market can be attributed to its strong global sales and distribution network, enabling it to market its products in various countries effectively. In addition, F. Hoffmann-La Roche Ltd. invests a significant amount of its revenue on R&D. This enables the company to develop and launch new products in the market. In March 2021, the company launched its Cobas 6800/8800 systems. Additionally, in March 2021, the company launched its Cobas SARS-CoV-2 Variant Set 1 Test. These tests were developed for the accurate detection and differentiation of SARS-CoV-2 mutations.
In 2020, Grifols accounted for the second-largest share of the blood screening market. The company has maintained a leading position in the market through its strong distribution networks across North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The company adopts inorganic growth strategies to increase its dominance in this market. For instance, in September 2021, the company acquired Biotest (Germany). This acquisition strengthened Grifols’s position as a leading innovator in procedural plasma medicines across the world. Such developments will enable Grifols to add innovative technologies and products to its portfolio, which, in turn, will strengthen its presence in the blood screening market.
Abbott Laboratories, Inc. (US) leading position in this market can be attributed to its strong sales and distribution network across the globe, which enables it to effectively market its products in various countries. It focuses on strengthening its R&D capabilities to gain a competitive advantage in the market. This allowed Abbott to introduce advanced products in the blood screening market, such as its Alinity family of next-generation systems (in July 2019) for blood and plasma screening, clinical chemistry, hematology, PoC, and molecular diagnostics.
Blood Screening Market by Technology (Nucleic Acid Amplification, (Real-Time PCR), ELISA (Chemiluminescence immunoassay), Rapid Test, Western Blot), Product (Instrument, Reagent & Kits, Software) & End User (Blood Bank, Hospital) - Global Forecast to 2026
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