Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 80.50 Billion | USD 128.45 Billion | 8.10% | 2021 |
FrequentlyAsked Questions
The blood testing market has expanded dramatically due to the impact of ageing around the world is driving the market growth. The number of strategies in the global market has increased dramatically in recent years, leading to an expansion of the market leader's product portfolio and a stronger market presence. In addition, blood tests increase in other diagnostic areas and develop various diseases such as bacterial and viral allergic diseases, thyroid diseases, human immunodeficiency virus (HIV) infections, hereditary diseases, cancer and hepatitis. Additional factors, such as higher rates, will propel the market growth during the forecast period.
According to the report, the global blood testing market was worth 80.50 (USD billion) in 2021 and is predicted to grow to 128.45 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 8.10 percent.
North America will dominate the blood testing market in the coming years. Due to the increased incidence of diseases such as kidney disease, bloodstream infections and other infections, the high demand for rapid diagnostic testing, and the ageing population, the North American region has become a medical test in the global blood testing market has the largest market share over the forecast period.
Some of the main competitors dominating the global blood testing market include - Richard Wolf GmbH, WISAP Medical Technology, KARL STORZ GmbH & Co. KG, Stryker, Teleflex Inc. Ethicon LLC, Centrel, OPTOMIC, Medgyn Products, Inc., Maxer Endoscopy, Vimex Sp. z o.o, Olympus Corporation, and Henke-Sass Wolf.
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