Brazil Blood Transfusion Diagnostics Market Size & Outlook
Brazil blood transfusion diagnostics market, 2016-2027 (US$M)
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Brazil blood transfusion diagnostics market highlights
- The Brazil blood transfusion diagnostics market generated a revenue of USD 87.9 million in 2020 and is expected to reach USD 143.5 million by 2027.
- The Brazil market is expected to grow at a CAGR of 7.3% from 2021 to 2027.
- In terms of segment, reagents & kits was the largest revenue generating product in 2020.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Blood transfusion diagnostics market data book summary
| Market revenue in 2020 | USD 87.9 million |
| Market revenue in 2027 | USD 143.5 million |
| Growth rate | 7.3% (CAGR from 2020 to 2027) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents & Kits, Instruments |
| Key market players worldwide | Grifols SA Ordinary Shares - Class A, Bio-Rad Laboratories Inc, Roche Holding AG ADR, Quotient Sciences, Abbott Laboratories, BioMerieux SA, Siemens Healthineers AG ADR, MedGenome, Beckman Coulter |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.4% of the global blood transfusion diagnostics market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil blood transfusion diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 104.9 million by 2027.
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Blood Transfusion Diagnostics Market Scope
Blood Transfusion Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil blood transfusion diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blood transfusion diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 65.87% in 2020. Horizon Databook has segmented the Brazil blood transfusion diagnostics market based on reagents & kits, instruments covering the revenue growth of each sub-segment from 2016 to 2027.
The Brazil blood transfusion diagnostics market witnessed constraints from both sides, demand and supply. Due to the COVID-19 pandemic, requirement of blood transfusion deteriorated as major surgeries were postponed and all healthcare resources were allocated to stabilize the pandemic.
According to a study conducted in Brazil, the need for blood transfusions was low in COVID-19 patients, despite high enrollment in ICU units. Similarly, the number of surgeries declined from 4,009,116 in 2020 to 4,996,963 in 2019, which impacted the requirement of blood transfusion by hospitals.
From the supply perspective, Hemominas Blood Centers in Brazil witnessed decline of 17% in attendance of blood donors from March 2020 to June 2020. The decrease in blood donation during the pandemic was considerably high and recruitment of return donors was a crucial measure to increase blood stocks.
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Our clientele includes a mix of blood transfusion diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil blood transfusion diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Brazil blood transfusion diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil blood transfusion diagnostics market size, by product, 2016-2027 (US$M)
Brazil Blood Transfusion Diagnostics Market Share, 2020 & 2027 (US$M)
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