Blood Screening Market Is Projected To Witness Growth Based On Increasing Screening Of Donor & Continuous Technological Advancements By The Market Players Till 2024:Grand View Research,inc.
The global blood screening market is expected to reach a value of USD 3.9 billion by 2024, based on a new report by Grand View Research, Inc. The growth of the market is attributed to the increasing screening of donor and continuous technological advancements by the market players. Demand for blood screening tests are increasing continuously due to increasing donation, rising awareness about transfusion-transmitted diseases, and technological developments in the industry. Thorough screening is necessary for all donated blood to ensure that recipients receive the safest products. As of 2015, such testing consists of screening for red cell antibodies, and the infectious diseases agents: HIV-1, HIV-2, hepatitis virus, West Nile Virus (WNV), Human T-Lymphotropic Virus (HTLV) T. Cruzi , and T. pallidum (syphilis). Result of all these assays must be negative for blood donation. Technological developments in the market increase the sensitivity and effic...