Blood Screening Market Predicted to Exhibit Over 8.0% CAGR Between 2020 and 2030

ALBANY, Calif. - Nov. 11, 2020 - PRLog -- The main factors causing the expansion of the market are the implementation of strict regulations and policies regarding contaminated blood, the rising incidence of respiratory, chronic, and infectious diseases, rapid technological advancements in blood screening methods, soaring healthcare expenditure, and the increasing number of blood donors around the world.

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Due to the increasing number of blood contamination cases, the governments of several countries are implementing strict policies for minimizing the possibility of blood contamination. According to the World Health Organization (WHO), as many as 123 countries had regulations regarding blood testing, blood collection, storage, distribution, and processing in 2015. The organization also found that 104 countries had regulations regarding the quality of the transfused blood and the safety of the blood transfusion process.

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As per the WHO, 37.9 million people around the world were diagnosed with HIV/AIDS in 2018. Geographically, the blood screening market (https://www.psmarketresearch.com/market-analysis/blood-sc...) would exhibit the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of P&S Intelligence, a market research firm based in India. This would be because of the existence of leading market players, the increasing incidence of chronic diseases such as cancer, and the availability of affordable labor in the region.

Hence, it is safe to say that the market would demonstrate huge expansion all over the world in the coming years, mainly because of the rising incidence of cancer, increasing requirement for blood donation, and the soaring implementation of strict blood screening policies in several countries around the world.

This study covers

•          Major factors driving the market and their impact during the short, medium, and long terms

•          Market restraints and their impact during the short, medium, and long terms

•          Recent trends and evolving opportunities for the market participants

•          Historical and the present size of the market segments and understand their comparative future potential

•          Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

•          Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders

•          Major players operating in the market and their service offerings