India Blood Transfusion Diagnostics Market Size & Outlook
India blood transfusion diagnostics market, 2016-2027 (US$M)
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India blood transfusion diagnostics market highlights
- The India blood transfusion diagnostics market generated a revenue of USD 129.5 million in 2020 and is expected to reach USD 233.8 million by 2027.
- The India market is expected to grow at a CAGR of 8.8% 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 129.5 million |
| Market revenue in 2027 | USD 233.8 million |
| Growth rate | 8.8% (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, India accounted for 3.5% 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 Asia Pacific, Japan blood transfusion diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 295.1 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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India 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 66.33% in 2020. Horizon Databook has segmented the India blood transfusion diagnostics market based on reagents & kits, instruments covering the revenue growth of each sub-segment from 2016 to 2027.
India is expected to grow at a lucrative CAGR over the forecast period due to factors such as rising awareness about the significance of blood donations and growing number of pretransfusion tests to ensure a safe blood supply.
The country met 85% of its target of 13 million units of blood, as per WHO norms. This is expected to pose huge growth potential for the country, thus driving the regional market growth, as approximately 30 million blood components are transfused annually. As per the National Headquarters of the Indian Red Cross Society, New Delhi had 881 units in stock as of 27th September 2021.
Across India, there are 2,903 blood banks, out of which 1,043 are public and 1,860 private. In 2021, the Union Minister for Health and Family Welfare and Chairman of the Indian Red Cross Society, inaugurated three fully equipped blood collection vans. However, 17 states across the country do not have a single blood bank.
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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 India blood transfusion diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into India blood transfusion diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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India blood transfusion diagnostics market size, by product, 2016-2027 (US$M)
India Blood Transfusion Diagnostics Market Share, 2020 & 2027 (US$M)
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