
Published On: Nov 2022
Published On: Nov 2022
At 4.6% CAGR, the MEA Blood Transfusion Diagnostics Market is projected to be worth US$ 199.02 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the MEA blood transfusion diagnostics market was valued at US$ 151.99 million in 2022 and is expected to reach US$ 199.02 million by 2028, registering an annual growth rate of 4.6% from 2022 to 2028. Elevated healthcare expenditure in emerging economies and technological developments in blood transfusion diagnostics are the critical factors attributed to the market expansion.
Healthcare budget allocations help countries strengthen the workforces and improve this sector's productivity, thereby contributing to economic performance. Rapid economic developments have fueled the healthcare expenditure in developing countries, which enables them to establish better medical service infrastructure. Developing countries are significantly focusing on expanding and improving their healthcare facilities and services by leveraging technological advancements. These nations aim to introduce advanced healthcare facilities and services to overcome critical health issues. Several initiatives are likely to provide lucrative opportunities for market players to introduce advanced technologies in blood transfusion diagnostics, which in turn, will add to the growth of the market during the forecast years.
On the contrary, problems associated with blood transfusion services hurdles the growth of MEA blood transfusion diagnostics market.
Key players dominating the MEA blood transfusion diagnostics market are Abbott; BAG Diagnostics GmbH; Bio-Rad Laboratories, Inc.; DiaSorin S.p.A.; F. Hoffmann-La Roche Ltd; Grifols, S.A.; Immucor, Inc.; Ortho Clinical Diagnostics (QuidelOrtho Corporation); Quotient Limited; and Thermo Fisher Scientific Inc. among others.
March 2022, Immucor, a leader in the immunohematology industry, announced that automated monoclonal Jka and Jkb phenotype testing is now available on the NEO Iris/NEO (v2.0). Immucor’s fully automated Jka and Jkb phenotype assay brings ease of use, high sensitivity, and reduced subjectivity for Kidd antigen testing.
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