Blood Screening Market Trends

Growth Drivers

• Higher Need and Contributions to Blood Donation– As healthcare systems improve and the availability and need for complex surgical operations such as cardiology and transplant surgery, trauma treatment, and therapy for cancer and blood illness increase, so does the demand for donated blood. According to the World Health Organization, every year approximately 119 million units of blood are collected worldwide.
• Increasing Prevalence of HIV and Hepatitis– By the statistics of the Centers for Disease Control and Prevention, around 296 million people worldwide are living with Hepatitis B. In addition, globally around 38 million people have HIV. HIV testing is necessary for persons who are more likely to catch the virus.
• Increased Penetration of Malaria- The World Health Organisation (WHO) estimates that there are 300-500 million cases of malaria worldwide each year. Blood screening helps in identifying the Plasmodium species and determining parasitic load in the blood

Challenges

• Lack of Adequate Infrastructure – Proper equipment, electricity, temperature control, and a hygienic environment are required for the effective screening of blood samples. Apart from that, storage of the samples in the right manner is also necessary.
• Lack of Skilled Manpower
• Presence of Alternative Technologies