U.S. Blood Transfusion Diagnostics Market Size & Outlook
U.S. blood transfusion diagnostics market, 2016-2027 (US$M)
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U.S. blood transfusion diagnostics market highlights
- The U.S. blood transfusion diagnostics market generated a revenue of USD 1,307.6 million in 2020 and is expected to reach USD 1,918.3 million by 2027.
- The U.S. market is expected to grow at a CAGR of 5.6% 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 1,307.6 million |
| Market revenue in 2027 | USD 1,918.3 million |
| Growth rate | 5.6% (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, U.S. accounted for 35.2% 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 |
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U.S. 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 65.1% in 2020. Horizon Databook has segmented the U.S. blood transfusion diagnostics market based on reagents & kits, instruments covering the revenue growth of each sub-segment from 2016 to 2027.
The U.S. accounted for the largest share in the North American blood transfusion diagnostics market and is anticipated to maintain its dominance during the forecast period owing to high healthcare expenditure, greater adoption of disease screening, growing number of blood donations, and regulations by the U.S. FDA to prevent Transfusion-Transmitted Infections (TTIs).
According to America’s Blood Centers, there is a growing need for blood in the U.S. Each day around 33,000 red blood cell units are needed in the country, based on data from the same source. Moreover, each year, approximately 21 million blood components are transfused in the U.S. and around 3 units are required for average blood cell transfusions, while 13.6 million units are donated in the country in a year.
Thus, rising funding programs and growing need for blood donations have led to growing awareness in the country through various campaigns. For instance, in September 2021, a community blood center of the Ozarks offers incentives such as a pint of ice-cream or beer for donating blood.
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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 U.S. blood transfusion diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into U.S. blood transfusion diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. blood transfusion diagnostics market size, by product, 2016-2027 (US$M)
U.S. Blood Transfusion Diagnostics Market Share, 2020 & 2027 (US$M)
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