Blood Screening Market is Expected to Reach $2.5 Billion by 2019 - New Report by MarketsandMarkets

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Adoption of Nucleic Acid Tests (NAT) and Emerging Economies in Asia are the Lucrative Opportunities in the Blood Screening Market



The blood screening market size is expected to reach $2.55 billion by 2019 from $1.5 billion in 2014 at a CAGR of 10.4%. This market is categorized on the basis of products and services, technologies, end users and regions.

The major factors contributing to the growth of the blood screening market include the increasing number of blood donations and blood donors, increasing awareness regarding the safety of donated blood, increasing patient affordability, and increasing demand of donated blood. Furthermore increasing adoption of NAT by governments of various countries is another major factor providing impetus for growth of this market. For instance, in 2014 the Japanese Red Cross entered into an agreement with Grifols (Spain) for nucleic acid testing (NAT) for the total blood donated in Japan. This agreement is expected to aid the growth of the blood screening market during the forecast period.

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Apart from comprehensive regional and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise basic views on the key players in the blood screening market and product portfolios, developments and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, regional focus, change in strategic approach, R&D investments for innovations in products and technologies and levels of output in order to remain successful.

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Mr. Rohan
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