Blood Screening Market - By Product (Reagents & Kits [NAT, ELISA], Instruments), Technology (Serology/Immunoassays, Rapid Test, Western Blot Assays, NGS), End-use (Hospitals, Blood Banks, Pathology Laboratories) - Global Forecast, 2024-2032

Blood Screening Market - By Product (Reagents & Kits [NAT, ELISA], Instruments), Technology (Serology/Immunoassays, Rapid Test, Western Blot Assays, NGS), End-use (Hospitals, Blood Banks, Pathology Laboratories) - Global Forecast, 2024-2032

Blood Screening Market is anticipated to register a CAGR of 7.3% between 2024 and 2032, owing to the advancements in healthcare technologies and increased awareness regarding the importance of early disease detection. Blood screening helps in identifying various medical conditions, including infectious diseases and genetic disorders. As per WHO, a total of 1.3 million people died from tuberculosis in 2022, making it the second leading infectious disease worldwide after COVID-19.

The ongoing efforts to control and prevent infectious outbreaks have led to an increased focus on blood screening as a vital component of public health initiatives. Additionally, the need for blood screening in blood banks and transfusion centers to ensure the safety of blood donations further stimulates market growth.

Blood screening industry is segmented based on product, technology, end-use, and region.

Western blot assay segment is slated to witness significant growth during 2024-2032, owing to the precision and versatility in detecting specific proteins within blood samples. This technique offers high sensitivity and accuracy, making it particularly effective in identifying various antibodies, antigens, or specific proteins associated with infectious diseases or other medical conditions. It provides detailed information about the presence and concentration of target molecules in a blood sample, making it an invaluable tool in the diagnosis and monitoring of diseases such as HIV and certain types of cancers.

Pathology laboratories segment is poised to generate notable revenues over the forecast period, favored by the expertise in conducting comprehensive and precise diagnostic tests. The accessibility of specialized equipment and skilled professionals in these laboratories ensures the accuracy and reliability of blood screening results. Additionally, the increasing trend toward preventive healthcare and routine health check-ups enhances the demand for blood screening services provided by pathology laboratories.

Asia Pacific blood screening industry size is anticipated to grow at a significant pace over 2024-2032, favored by the region's growing population. The commitment towards enhancing healthcare infrastructure and the adoption of advanced medical technologies contribute to the wider usage of blood screening in preventive healthcare practices. As governments and healthcare providers increasingly focus on addressing public health challenges, the blood screening market experiences robust growth in APAC.