North America Blood Testing Market Insights Opportunity Analysis

Posted by rohan on October 30th, 2017

The North America Blood Testing Market was worth .48 billion in 2016 and estimated to be growing at a CAGR of 2.32%, to reach .73 billion by 2021. Rising government initiatives and increase in the number of surgical procedures in North America are the factors propelling the demand for blood tests in this region.

Demand for blood is endlessly increasing with patients undergoing complex surgeries that involve blood transfusions. For the support of patients, countries are growing their healthcare treatment so that maximum number of people can benefit out of required treatment.

Increasing concerns about spread of infectious diseases through donated blood has augmented the demand for blood and blood products. With the boost in geriatric population and incidence of diseases, there is a raise in the blood testing in the developed regions such as North America. The cost of blood handling equipment is a key challenge faced by the blood testing market.

The North America blood testing market is segmented on the basis of type into Complete Blood Count, Blood Chemistry Tests, Blood Enzymes Tests and Blood Clotting Tests. Complete Blood Count segmented is further divided into Red Blood Cells, White Blood Cells, Haemoglobin, Hematocrit and Platelets. Blood Chemistry Tests are bifurcated among Test for Electrolytes, Blood Glucose, Calcium and Test for Kidney Function. Blood Enzymes Tests are sub segmented into Troponin and Creatine Kinase.

Blood Clotting Tests Segment is segregated among Prothrombin time and Activated Partial Thromboplastin time and Blood Coagulation. On the basis of diseases the market is divided into Anaemia, Infection, Leukaemia, Hypokalemia, Kidney Disorders, Heart Attack and Coronary Heart Disease. Based on Methods, market is bifurcated among Manual Blood Culture Testing and Automated Blood Culture Testing. Automated Blood Culture Testing division is further sub segmented into Automated Blood Culture System and Blood Culture Instruments.

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Based on geography the North America market is analysed under various countries namely, USA and Canada. USA is leading the region’s market in terms of revenue followed by Canada.

Major players in this market are Bio-Rad Laboratories Inc. (U.S.), Siemens Healthcare (Germany), Grifols (Spain), Nanosphere Inc. (U.S.), BioMérieux (France), Dickinson and Company (U.S.), Ortho Clinical Diagnostics Inc. (U.S.), Roche Diagnostics (Switzerland), Alere Inc. (U.S.), Bruker Corporation (U.S.), Abbott Laboratories (U.S.), Thermo Fisher Scientific Inc. (U.S.) and Beckman Coulter (U.S.).

Market Segmentation                                              

1) By Type                        

  •          Complete Blood Count       
  •          Red Blood Cells
  •          White Blood Cells
  •          Haemoglobin
  •          Hematocrit
  •          Platelets
  •          Blood Chemistry Tests        
  •          Test for Electrolytes
  •          Blood Glucose
  •          Calcium
  •          Test for Kidney Function
  •          Blood Enzyme Tests            
  •          Troponin
  •          Creatine Kinase
  •          Blood Clotting Tests            
  •          Prothrombin time
  •          Activated Partial Thromboplastin time
  •          Blood Coagulation

2) By Diseases                

  •          Anaemia  
  •          Infection  
  •          Leukaemia              
  •          Hypokalemia          
  •          Kidney Disorders  
  •          Heart Attack           
  •          Coronary Heart Disease     

3) By Methods               

  •          Manual Blood Culture Testing         
  •          Automated Blood Culture Testing
  •          Automated Blood Culture System
  •          Blood Culture Instruments

The North America Blood Testing Market study offers the following deliverables:

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Type, By Diseases, and By Methods along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the North America market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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Joined: September 20th, 2017
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