Single Blood Drop Analysis Market by Type (Blood Collection, Blood Analyzers, Consumables), Applications (Cancer, Diabetes, Cardiovascular, Viral/Bacterial Infection, Fertility, and Others), End-user (Hospitals, Clinics, Home, and Others) and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020-2027
Single Blood Drop Analysis Market Outlook
The global single blood drop analysis market size was valued at USD 18,412.6 Million in 2019 and is projected to reach USD 43,921.5 Million by 2027, expanding at a CAGR of 11.5% during the forecast period. In terms of volume the single blood drop analysis market is anticipated to expand at a CAGR of 11.0% during the forecast period. Single blood drop analysis is attained from a finger prick or capillary puncture method and is a source of a huge repository of biological data and information of patients.
Single blood drop analysis technologies embrace the massive potential in PoC diagnostic technologies for detecting several levels of biomarkers, predominantly for the diagnosis and treatment of cancer. Growing need for accurate, rapid, and economical disease diagnostics in numerous clinical facilities is projected to propel the market.
Increasing integration of such technologies in downstream molecular diagnosis is anticipated to significantly magnify the growth opportunities in the single blood drop analysis market. Large-scale developments in biotechnology and nanotechnology in the recent years are expected to create growth prospects in the market.
Generally, medical decisions depend upon the results of blood tests, meaning that accurate results are essential to offer information that can aid in the diagnosis, prevention, management, and treatment of diseases. The process becomes less painful with single blood drop technology, as small amount of blood is needed.
Moreover, advanced technologies result in minimized human errors and costs associated with blood analysis. This, in turn, reduces the overall healthcare costs for individuals, which is anticipated to propel the single blood drop analysis market growth during the forecast period.
Single Blood Drop Analysis Market Dynamics
Drivers
Increasing Demand for Self-monitoring Diagnostic Devices
Growing healthcare spending, particularly in hospital settings, has increased focus in the direction of alternative methods of treatments such as home healthcare. This, in turn, fueled the demand for effective home-use devices with single blood drop analysis technologies. According to the World Health Organization (WHO), the number of people aged 65 or older is estimated to increase from 524 million in 2010 to approximately 1.5 billion by 2050; therefore, rising geriatric population globally is fueling the demand for these devices.
Rising disease burden is anticipated to require a diverse healthcare workforce that can effectively and efficiently treat patients with complex medical conditions. Remote home monitoring boosts patient engagement and enables healthcare providers to monitor their chronic medical conditions, which is expected to drive the demand for self-monitoring diagnostic devices during the forecast period.
Additionally, the finger-prick sample technology is beneficial for vulnerable patients, including cancer patients and newborns, who cannot undergo large blood draws for treatment. Single blood drop analysis reduces risk in anemic patients, which is further anticipated to fuel the market growth in the coming years.
Rising Popularity of Single Blood Drop Analysis Technologies in Point of Care (PoC) Facilities
Point-of-care (POC) testing allows medical staff and physicians to precisely receive lab-quality, real-time diagnostic results within minutes. Latest technological advancements have significantly increased the competencies of POC testing systems. Rapidly increasing demand for PoC settings in demographics with weak healthcare infrastructures is expected to create new opportunities for the key market participants.
Furthermore, the demand for single blood drops analysis technologies is rising in the diagnosis of diseases for pediatric patients and PoC settings, which is anticipated to boost the single blood drop analysis market. Increasing use of advanced microfluidic chips in PoC settings is driving the growth of the single blood drop analysis market during the forecast period.
Restraints
Stringent Government Regulations for Blood Sugar Monitoring Devices
Healthcare is one of the most regulated industries globally. Regulatory guidelines are required for clinical facilities and organizations to ensure privacy of patient information and protection of healthcare staff to prevent fraud. For the use of over-the-counter blood sugar monitoring devices, the US Food and Drug Administration (FDA) have provided several guidelines for manufacturers regarding the production process of blood sugar monitoring devices under Self-Monitoring Blood Glucose Test Systems (SBGs) regulations.
Moreover, blood glucose monitoring test systems (BGMS) for prescription and PoC usage is authorized under BGMS guidance provided by FDA. Such stringent regulations are anticipated to create barriers for approvals from healthcare authorities, as the patent and approval process is time consuming. Additionally, implementation of rigid regulations is expected to limit the entry of new participants into the market.
Single Blood Drop Analysis Market Segment Insights
Type Segment Analysis
On the basis of type, the market is segmented into blood analyzers, consumables, and blood collection. In terms of value, the blood collection segment accounted for 31.9% share of the market in 2019. The rapid growth of the segment is attributed to the rise in the demand for the short time analysis of the blood drop. Capillary puncture blood collection method is widely used for infants or in adults where venipuncture is difficult which is anticipated to boost the segment growth during the forecast period.
Application Segment Analysis
In terms of application and services, the global single blood drop analysis market is divided into cancer, diabetics, cardiovascular, viral/bacterial infection, fertility, and allergy. According to the International Diabetes Federation (IDF) in 2019 over 463 million adults between the age of 20–79 years were living with diabetes. Moreover, this number is anticipated to grow to 700 million by 2014.
This in turn is anticipated to boost the adoption of single blood drop analysis for the regular monitoring of blood glucose levels in these patients. Increasing number of patients with cancer also projected to drive the demand for single blood drop analysis devices. For instance, in 2018 according to the International Agency for Research on Cancer (IARC), 17.0 million new cancer cases were identified. This in turn is expected to increase the demand for single blood drop analysis devices for cancer diagnosis.
End-User Segment Analysis
In terms of end-user, the global single blood drop analysis market is segregated into divided into hospitals, clinics, home, and others. The need for single blood drop analysis technology is rising in point-of-care (PoC) settings to diagnose the disease of patients at the earliest.
The single blood drop technology is widely used in the diagnosis of diseases in pediatric patients, which in turn is projected to drive the growth of the hospital segment during the forecast period. Expanding role of such technologies in downstream molecular analysis is expected to substantially fuel the growth of the single blood drop analysis market.
Regional Analysis
In terms of regions, the global single blood drop analysis market is fragmented into Asia Pacific, Latin America, Europe, North America, and Middle East & Africa. In terms of value, the market in the Asia Pacific is projected to expand at a CAGR of 12.1% during the forecast period. Rise in presence of several manufacturers, is thereby boosting the growth of the single blood drop analysis market in Asia Pacific.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Single Blood Drop Analysis Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Single Blood Drop Analysis Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Single Blood Drop Analysis Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Single Blood Drop Analysis Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Single Blood Drop Analysis Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Single Blood Drop Analysis Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Single Blood Drop Analysis Market Size & Forecast, 2017-2027
4.5.1 Single Blood Drop Analysis Market Size and Y-o-Y Growth
4.5.2 Single Blood Drop Analysis Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, By Type, 2017-2027
4.7 Prevalence of Diagnosed Infectious Diseases in Top Countries
4.8 Global Cancer Rates Analysis by Regions
4.9 Global Diabetes Data & Estimates
4.10 Global Fertility Rate Analysis
Chapter 5 Global Single Blood Drop Analysis Market Estimate and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Single Blood Drop Analysis Market Size & Volume Forecast By Type
5.2.1 Blood Collection
5.2.1.1 Finger Prick
5.2.1.2 Capillary Puncture Method
5.2.2 Blood Analyzers
5.2.2.1 Point of Care Blood Analyzers
5.2.2.2 Lab-Based Blood Analyzers
5.2.3 Consumables
5.2.3.1 Reagents and Assays
5.2.3.2 Disposable Kits
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Single Blood Drop Analysis Market Estimate and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Single Blood Drop Analysis Market Size & Volume Forecast By Application
6.2.1 Cancer
6.2.2 Diabetes
6.2.3 Cardiovascular
6.2.4 Viral/Bacterial Infection
6.2.5 Fertility
6.2.6 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Single Blood Drop Analysis Market Estimate and Forecast By End-user
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities End-user
7.1.2 Basis Point Share (BPS) Analysis End-user
7.1.3 Absolute $ Opportunity Assessment End-user
7.2 Single Blood Drop Analysis Market Size & Volume Forecast End-user
7.2.1 Hospitals
7.2.2 Home
7.2.3 Clinics
7.2.4 Others
7.3 Market Attractiveness Analysis End-user
Chapter 8 Global Single Blood Drop Analysis Market Estimate and Forecast By Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Single Blood Drop Analysis Market Size & Volume Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Single Blood Drop Analysis and Forecast
10.1 Introduction
10.2 North America Single Blood Drop Analysis Market Size & Volume Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Single Blood Drop Analysis Market Size & Volume Forecast By Type
10.6.1 Blood Collection
10.6.1.1 Finger Prick
10.6.1.2 Capillary Puncture Method
10.6.2 Blood Analyzers
10.6.2.1 Point of Care Blood Analyzers
10.6.2.2 Lab-Based Blood Analyzers
10.6.3 Consumables
10.6.3.1 Reagents and Assays
10.6.3.2 Disposable Kits
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Single Blood Drop Analysis Market Size & Volume Forecast By Application
10.10.1 Cancer
10.10.2 Diabetes
10.10.3 Cardiovascular
10.10.4 Viral/Bacterial Infection
10.10.5 Fertility
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
10.14 North America Single Blood Drop Analysis Market Size & Volume Forecast End-user
10.14.1 Hospitals
10.14.2 Home
10.14.3 Clinics
10.14.4 Others
10.15 Basis Point Share (BPS) Analysis End-user
10.16 Absolute $ Opportunity Assessment End-user
10.17 Market Attractiveness Analysis End-user
Chapter 11 Europe Single Blood Drop Analysis and Forecast
11.1 Introduction
11.2 Europe Single Blood Drop Analysis Market Size & Volume Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Single Blood Drop Analysis Market Size & Volume Forecast By Type
11.6.1 Blood Collection
11.6.1.1 Finger Prick
11.6.1.2 Capillary Puncture Method
11.6.2 Blood Analyzers
11.6.2.1 Point of Care Blood Analyzers
11.6.2.2 Lab-Based Blood Analyzers
11.6.3 Consumables
11.6.3.1 Reagents and Assays
11.6.3.2 Disposable Kits
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Single Blood Drop Analysis Market Size & Volume Forecast By Application
11.10.1 Cancer
11.10.2 Diabetes
11.10.3 Cardiovascular
11.10.4 Viral/Bacterial Infection
11.10.5 Fertility
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
11.14 Europe Single Blood Drop Analysis Market Size & Volume Forecast End-user
11.14.1 Hospitals
11.14.2 Home
11.14.3 Clinics
11.14.4 Others
11.15 Basis Point Share (BPS) Analysis End-user
11.16 Absolute $ Opportunity Assessment End-user
11.17 Market Attractiveness Analysis End-user
Chapter 12 Asia Pacific Single Blood Drop Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Single Blood Drop Analysis Market Size & Volume Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Single Blood Drop Analysis Market Size & Volume Forecast By Type
12.6.1 Blood Collection
12.6.1.1 Finger Prick
12.6.1.2 Capillary Puncture Method
12.6.2 Blood Analyzers
12.6.2.1 Point of Care Blood Analyzers
12.6.2.2 Lab-Based Blood Analyzers
12.6.3 Consumables
12.6.3.1 Reagents and Assays
12.6.3.2 Disposable Kits
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Single Blood Drop Analysis Market Size & Volume Forecast By Application
12.10.1 Cancer
12.10.2 Diabetes
12.10.3 Cardiovascular
12.10.4 Viral/Bacterial Infection
12.10.5 Fertility
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
12.14 Asia Pacific Single Blood Drop Analysis Market Size & Volume Forecast End-user
12.14.1 Hospitals
12.14.2 Home
12.14.3 Clinics
12.14.4 Others
12.15 Basis Point Share (BPS) Analysis End-user
12.16 Absolute $ Opportunity Assessment End-user
12.17 Market Attractiveness Analysis End-user
Chapter 13 Latin America Single Blood Drop Analysis and Forecast
13.1 Introduction
13.2 Latin America Single Blood Drop Analysis Market Size & Volume Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Single Blood Drop Analysis Market Size & Volume Forecast By Type
13.6.1 Blood Collection
13.6.1.1 Finger Prick
13.6.1.2 Capillary Puncture Method
13.6.2 Blood Analyzers
13.6.2.1 Point of Care Blood Analyzers
13.6.2.2 Lab-Based Blood Analyzers
13.6.3 Consumables
13.6.3.1 Reagents and Assays
13.6.3.2 Disposable Kits
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Single Blood Drop Analysis Market Size & Volume Forecast By Application
13.10.1 Cancer
13.10.2 Diabetes
13.10.3 Cardiovascular
13.10.4 Viral/Bacterial Infection
13.10.5 Fertility
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
13.14 Latin America Single Blood Drop Analysis Market Size & Volume Forecast End-user
13.14.1 Hospitals
13.14.2 Home
13.14.3 Clinics
13.14.4 Others
13.15 Basis Point Share (BPS) Analysis End-user
13.16 Absolute $ Opportunity Assessment End-user
13.17 Market Attractiveness Analysis End-user
Chapter 14 Middle East & Africa (MEA) Single Blood Drop Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Single Blood Drop Analysis Market Size & Volume Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Single Blood Drop Analysis Market Size & Volume Forecast By Type
14.6.1 Blood Collection
14.6.1.1 Finger Prick
14.6.1.2 Capillary Puncture Method
14.6.2 Blood Analyzers
14.6.2.1 Point of Care Blood Analyzers
14.6.2.2 Lab-Based Blood Analyzers
14.6.3 Consumables
14.6.3.1 Reagents and Assays
14.6.3.2 Disposable Kits
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Single Blood Drop Analysis Market Size & Volume Forecast By Application
14.10.1 Cancer
14.10.2 Diabetes
14.10.3 Cardiovascular
14.10.4 Viral/Bacterial Infection
14.10.5 Fertility
14.10.6 Others
14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application
14.14 Middle East & Africa (MEA) Single Blood Drop Analysis Market Size & Volume Forecast End-user
14.14.1 Hospitals
14.14.2 Home
14.14.3 Clinics
14.14.4 Others
14.15 Basis Point Share (BPS) Analysis End-user
14.16 Absolute $ Opportunity Assessment End-user
14.17 Market Attractiveness Analysis End-user
Chapter 15 Competition Landscape
15.1 Single Blood Drop Analysis Market: Competitive Dashboard
15.2 Global Single Blood Drop Analysis Market: Market Share Analysis, 2019
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Danaher Corp
15.3.2 Siemens
15.3.3 Bayer AG
15.3.4 Roche Holding AG
15.3.5 Abbott Laboratories
15.3.6 BluSense Diagnostics
15.3.7 Jana Care Inc.
15.3.8 Eurolyser Diagnostica GmbH
15.3.9 Genalyte
15.3.10 Abionic SA
15.3.11 Becton, Dickinson and Company
15.3.12 Grail Inc.
15.3.13 Karius Inc.