Blood Testing Market Size, Research, Analysis

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Growth of the Global Blood Testing Market to be
Propelled by Increasing Prevalence of Infectious
Diseases and Various Cancers by CAGR of 8
During 2022 2031 Kenneth Research published a
report titled Blood Testing Market Global
Demand Analysis Opportunity Outlook 2031
which delivers detailed overview of the blood
testing in terms of market segmentation by types,
method, end users, and by region. Further, for
the in-depth analysis, the report encompasses the
industry growth indicators, restraints, supply
and demand risk, along with detailed discussion
on current and future market trends that are
associated with the growth of the market. Rising
number of infectious diseases and various cancers
are driving the need to adopt blood testing
procedures. For instance, according to the World
Health Organization, lower respiratory
infections accounted for most deaths among
communicable diseases with a number of 105.6
million deaths in 2019. Owing to these factors,
the global blood testing market is anticipated to
garner around USD 140 billion in revenue by the
end of 2031 by growing at a CAGR of 8
throughout the forecast period, i.e., 2022
2031. The global market is segmented by types
into glucose testing, lipid panel testing,
prostate specific antigen (PSA) testing, blood
urea nitrogen (BUN) testing, thyroid stimulating
hormone testing, and other types. Out of which,
the glucose testing segment is expected to hold
the major share over the forecast period on the
back of increasing use of portable glucose meters
by the patients for routine checkups anywhere
anytime. This has also resulted in high demand
for glucose testing kits. Geographically, the
market is segmented into five major regions
including North America, Europe, Asia Pacific,
Latin America and Middle East Africa region.
Among these regions, the market in North America
region is estimated to hold the largest share of
the market and witness significant growth over
the forecast period. The factors driving the
market growth in the region are technological
advancements such as the introduction of
miniaturized diagnostic devices providing rapid
and accurate test results. Additionally, the
market in Asia Pacific region is projected to
grow at the highest rate over the forecast
period. The research is global in nature and
covers detailed analysis on the market in North
America (U.S., Canada), Europe (U.K., Germany,
France, Italy, Spain, Hungary, Belgium,
Netherlands Luxembourg, NORDIC Finland,
Sweden, Norway, Denmark, Poland, Turkey, Russia,
Rest
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of Europe), Latin America (Brazil, Mexico,
Argentina, Rest of Latin America), Asia-Pacific
(China, India, Japan, South Korea, Indonesia,
Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa
(Israel, GCC Saudi Arabia, UAE, Bahrain, Kuwait,
Qatar, Oman, North Africa, South Africa, Rest
of Middle East and Africa). In addition, analysis
comprising market size, Y-O-Y growth
opportunity analysis, market players competitive
study, investment opportunities, demand for
future outlook etc. has also been covered and
displayed in the research report. Request Sample
Report - https//www.kennethresearch.com/sample-r
equest-10070562 Rising Need for the
Identification of Various Types of Infections,
and Growing Healthcare Spending by Government
and Regulatory Bodies to Boost the Market
Growth Rising need to detect various types of
infections and cancers are expected to increase
the demand for blood testing procedures. This is
a key factor that is anticipated to drive the
growth of the market during the forecast period.
Growing infectious and chronic diseases, such as
COVID-19, influenza, diabetes, cardiovascular
diseases, liver diseases, prostate cancer, uterus
cancer, and many more are further expected to
boost the market growth in the upcoming years.
For instance, according to International Diabetes
Federation, it was estimated that the total
number of people with diabetes, globally, will
reach to 643 million by 2030 and further increase
to 783 million by 2045. Moreover, the increasing
spending on healthcare by government and
regulatory bodies is predicted to propel the
growth of the blood testing market
further. However, stringent regulatory approval
process, and lack of awareness regarding
development of latest technologies and the
process related to blood testing are expected to
operate as key restraints to the growth of the
global blood testing market over the forecast
period. This report also provides the existing
competitive scenario of some of the key players
of the global blood testing market which
includes company profiling of Danaher, Bio-Rad
Laboratories, Inc., Thermo Fisher Scientific
Inc., Abbott, bioMérieux SA, Quest Diagnostics
Incorporated, Biomerica, Siemens Healthcare GmbH,
Trinity Biotech Plc., Ortho Clinical
Diagnostics, and others. The profiling enfolds
key information of the companies which
encompasses business overview, products and
services, key financials and recent news and
developments. On the whole, the report depicts
detailed overview of the global blood testing
market that will help industry
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consultants, equipment manufacturers, existing
players searching for expansion opportunities,
new players searching possibilities and other
stakeholders to align their market centric
strategies according to the ongoing and expected
trends in the future. Request Sample Report -
https//www.kennethresearch.com/sample-request-100
70562 Kenneth Research is a leading service
provider for strategic market research and
consulting. We aim to provide unbiased,
unparalleled market insights and industry
analysis to help industries, conglomerates and
executives to take wise decisions for their
future marketing strategy, expansion and
investment etc. We believe every business can
expand to its new horizon, provided a right
guidance at a right time is available through
strategic minds. Our out of box thinking helps
our clients to take wise decision in order to
avoid future uncertainties. Contact for more
Info AJ Daniel Email sales_at_kennethresearch.com
U.S. Phone [phone]