Canada Blood Transfusion Diagnostics Market Size & Outlook
Canada blood transfusion diagnostics market, 2016-2027 (US$M)
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Canada blood transfusion diagnostics market highlights
- The Canada blood transfusion diagnostics market generated a revenue of USD 182.7 million in 2020 and is expected to reach USD 295.7 million by 2027.
- The Canada market is expected to grow at a CAGR of 7.1% 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 182.7 million |
| Market revenue in 2027 | USD 295.7 million |
| Growth rate | 7.1% (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, Canada accounted for 4.9% 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 North America, U.S. blood transfusion diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 295.7 million by 2027.
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Blood Transfusion Diagnostics Market Scope
Blood Transfusion Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 66.61% in 2020. Horizon Databook has segmented the Canada blood transfusion diagnostics market based on reagents & kits, instruments covering the revenue growth of each sub-segment from 2016 to 2027.
Canada is anticipated to exhibit the fastest growth over the forecast period in blood transfusion diagnostics market. According to the Canadian government, around 52% of the country’s population needs blood and blood products at some point in their lives. However, only one in 60 people in Canada donated blood in 2018.
Thus, the adoption of blood transfusion testing is very low in the country, which has led to low revenue generation over the forecast period. Moreover, according to Canadian Blood Services, in the last two months of the fiscal year 2019-2020, there were significant fluctuations in blood collections due to the outbreak of COVID-19 pandemic.
Canada is showcasing significant potential in blood donation through various campaigns. For instance, the Canadian government approved and funded three plasma collection centers of Canadian Blood Services, and along with collecting plasma, the centers are responsible to spread awareness about blood donation.
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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 Canada blood transfusion diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Canada blood transfusion diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada blood transfusion diagnostics market size, by product, 2016-2027 (US$M)
Canada Blood Transfusion Diagnostics Market Share, 2020 & 2027 (US$M)
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