Singapore Blood Transfusion Diagnostics Market Size & Outlook
Singapore blood transfusion diagnostics market, 2016-2027 (US$M)
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Singapore blood transfusion diagnostics market highlights
- The Singapore blood transfusion diagnostics market generated a revenue of USD 21.8 million in 2020 and is expected to reach USD 33.1 million by 2027.
- The Singapore market is expected to grow at a CAGR of 6.1% 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 21.8 million |
| Market revenue in 2027 | USD 33.1 million |
| Growth rate | 6.1% (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, Singapore accounted for 0.6% 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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Singapore 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 66.51% in 2020. Horizon Databook has segmented the Singapore blood transfusion diagnostics market based on reagents & kits, instruments covering the revenue growth of each sub-segment from 2016 to 2027.
Singapore is a niche market for blood transfusion diagnostics during the forecast period and the number of people making multiple donations is increasing in the country. According to Singapore Red Cross, in 2020, despite decreasing participation of donors, over 117,000 units of blood were donated and recorded the highest donation in the past 5 years.
The number of donors decreased from 75,000 in 2019 to 72,000 in 2020, accounting for the lowest in 5 years. Increase in the number of units is due to the rising participation of donors who donated multiple times and rose to 42% in 2020 from 37% in 2019.
As per Singapore Red Cross, social media was the key driver of this increase, as more donors came for donations after the media news on the low blood collection. Hence, increase in awareness is expected to increase blood supply for transfusion diagnostics.
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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 Singapore blood transfusion diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Singapore blood transfusion diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Singapore blood transfusion diagnostics market size, by product, 2016-2027 (US$M)
Singapore Blood Transfusion Diagnostics Market Share, 2020 & 2027 (US$M)
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