Global Blood Testing Market Growth (Status and Outlook) 2023-2029

Global Blood Testing Market Growth (Status and Outlook) 2023-2029

A blood test is the analysis of blood sample performed in a laboratory and the blood is usually taken from the vein in the arm through a needle, or through a finger prick to determine patient’s health status. Blood tests are very often used in health care to understand biochemical and physiological states, mineral content, pharmaceutical drug effectiveness, organ function, disease and also used in drug tests to detect drug abuse. Multiple tests for specific blood components are often grouped together into one test panel called as blood panel or blood work. The function of organs and how well a treatment is working can be determined by blood culture tests. 

LPI (LP Information)' newest research report, the “Blood Testing Industry Forecast” looks at past sales and reviews total world Blood Testing sales in 2022, providing a comprehensive analysis by region and market sector of projected Blood Testing sales for 2023 through 2029. With Blood Testing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Blood Testing industry.

This Insight Report provides a comprehensive analysis of the global Blood Testing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Blood Testing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Blood Testing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Blood Testing and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Blood Testing.

The global Blood Testing market size is projected to grow from US$ 451.6 million in 2022 to US$ 519.3 million in 2029; it is expected to grow at a CAGR of 2.0% from 2023 to 2029.

Some major factors that have been anticipated to drive the market growth in the region include the presence of large patient population, continuously improving healthcare infrastructure coupled with the scope of expansion of clinical laboratories. Rapidly increasing elderly population will play a key role in driving the market growth in Japan as elderly population are more often undergo various blood tests. In Rest of the World (RoW) region, Latin America, Africa and Middle East are the major markets. Growing economy of Brazil, Mexico and South Africa is expected to be a prominent growth factor for blood testing market during upcoming years. Lacks of awareness and limited knowledge about advanced technology coupled with reluctance to adopt newer technology have been restraining the market growth in the region since long.

This report presents a comprehensive overview, market shares, and growth opportunities of Blood Testing market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Glucose
Lipid
BUN
A1C
CRP
Vitamin D
ALT
AST
Thyroid Stimulating Hormone

Segmentation by application
Hospitals
Clinic and Diagnostic Centers
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abbott Laboratories
Bio-Rad Laboratories
F. Hoffmann La Roche
Siemens Healthineers

Please note: The report will take approximately 2 business days to prepare and deliver.