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Blood Testing Services Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players Abbott, Biomerieux Marcy L’etoile, Roche

24 Mar, 2022 | 87 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Blood Testing Services Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 8.5% during the review period (2022 to 2027).



Blood Testing Services Market Overview:



Preliminary blood testing procedures used in medical and wellness settings play a critical role in patient health management and the prevention of cardiovascular and diabetic diseases. However, numerous new blood tests have recently been released on the market that identify circulating DNA fragments in the circulation to aid diagnosis. Because they are relatively sophisticated, many tests, such as cancer and prenatal testing, have gained quick appeal. As a result, boosting research activities in order to unleash the potential of blood tests is likely to promote market growth.



The report aspects discussed the profile of the top manufacturers of the global Blood Testing Services Market. These aspects include the financial status of major companies, trending advancements and the entire market scenario. Growth of the report has examined Blood Testing Services Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.



Who are the Major Players in Blood Testing Services Market?



The global Blood Testing Services includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Abbott, Biomerieux Marcy L’etoile, Roche, Nova Biomedical Corp., Siemens, Thermo Fisher Scientific



Industry News:



ABBOTT TO ACQUIRE ALERE, BECOMING LEADER IN POINT OF CARE TESTING AND SIGNIFICANTLY ADVANCING GLOBAL DIAGNOSTICS PRESENCE



Feb. 1, 2016 Abbott and Alere Inc. announced today a definitive agreement for Abbott to acquire Alere, significantly advancing Abbott's global diagnostics presence and leadership. Under the terms of the agreement, Abbott will pay $56 per common share at a total expected equity value of $5.8 billion. Once the transaction is completed, Abbott will become the leading diagnostics provider of point of care testing. Abbott's total diagnostics sales will exceed $7 billion after the close.



What are the major Applications, Types and Regions for Blood Testing Services Market?



Blood Testing Services Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into          




  •     Hospital

  •     Clinic

  •     Research Institute

  •     Commonweal Organizations



By Applications, it is segmented into




  •     Screen

  •     Test

  •     Evaluate



Blood Testing Services Market Regional Analysis



Due to technological improvements such as the introduction of miniaturised diagnostic equipment, which provide rapid and accurate test results with better market penetration in the region, as well as favourable medical insurance policies, the North American region has obtained the highest market share. In the North American area, the United States is the largest market. According to the National Diabetes Statistics Report, 2020, diabetes affects roughly 34.2 million people, or 10.5 percent of the US population. Type 1 diabetes affects roughly 1.6 million people in the United States, accounting for about 5.2 percent of all diagnosed cases of diabetes. According to the National Diabetes Statistics Report, 2020, which provided prices up to 2017, the overall estimated cost of diagnosed diabetes in the United States was USD 327 billion in 2017. Furthermore, total direct projected diabetes expenditures grew from USD 188 billion in 2012 to USD 237 billion in 2017, while total indirect costs climbed from USD 73 billion to USD 90 billion in 2017. As a result, rising diabetes healthcare costs, as well as the rising prevalence of diabetes and other chronic diseases, are projected to drive the market in the near future.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Blood Testing Services Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Blood Testing Services Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Blood Testing Services Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 8.5 % over the forecast period (2022-2027)



By Type



 




  •     Hospital

  •     Clinic

  •     Research Institute

  •     Commonweal Organizations



By Application



 




  •     Screen

  •     Test

  •     Evaluate



By Companies



Abbott, Biomerieux Marcy L’etoile, Roche, Nova Biomedical Corp., Siemens, Thermo Fisher Scientific



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



87



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Blood Testing Services Market Report




  • Evaluate Blood Testing Services Market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.

  • Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Blood Testing Services Market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.



Frequently Asked Questions



How do you conduct primary research interviews?





We use tools such as video conferences, telephone calls, face-to-face interviews, and questionnaires with key respondents.



What if the report I want is not listed in the repository of your reports?



Industry Data Analytics has a repository of reports on various industry verticals and not all of them have been listed on the website. Please contact our sales team with your requirements.



Who are the key players in the Blood Testing Services Market?



Abbott, Biomerieux Marcy L’etoile, Roche, Nova Biomedical Corp., Siemens, Thermo Fisher Scientific



What regions does this Blood Testing Services Market report cover?





North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Blood Testing Services Market?





Hospital, Clinic, Research Institute, Commonweal Organizations



What are the major end-use applications of the Blood Testing Services Market?



Screen, Test, Evaluate



All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL BLOOD TESTING SERVICES MARKET BY TYPES

    3. GLOBAL BLOOD TESTING SERVICES MARKET BY APPLICATION



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR BLOOD TESTING SERVICES MARKET 



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGULATIONS

      2. HIGH COST OF MATERIALS



    3. OPPORTUNITIES

      1. BLOOD TESTING SERVICES MARKET GROWTH

      2. APPLICATION OF BLOOD TESTING SERVICES MARKET 



    4. IMPACT OF COVID 19



  5. GLOBAL BLOOD TESTING SERVICES MARKET, BY TYPES

    1. Introduction       

    2. Hospital

    3. Clinic

    4. Research Institute

    5. Commonweal Organizations



  6. GLOBAL BLOOD TESTING SERVICES MARKET, BY APPLICATIONS

    1. Introduction          

    2. Screen

    3. Test

    4. Evaluate



  7. GLOBAL BLOOD TESTING SERVICES MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Abbott

      2. Biomerieux Marcy L’etoile

      3. Roche

      4. Nova Biomedical Corp.

      5. Siemens

      6. Thermo Fisher Scientific







 

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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