Blood Testing Market Size 2022, Segments, Share and Growth Factor Analysis, Top Key Players Research Report 2031

The global blood testing market is estimated to garner around USD 140 billion in revenue by the end of 2031 by growing at a CAGR of nearly 8% throughout the forecast period, i.e., 2022 – 2031.

Blood Testing Market: A Pool of Proliferating ProfitIf you are asked to name one of the basic prescription that has been given by the doctors to diagnose most of the diseases, what would you name? Well, it’s a blood test! Whether it is diabetes, HIV, anemia, cancer, or thyroid, blood test is crucial method to diagnose. Nowadays, even doctors recommend patients have routine blood tests at diagnostic testing center at least once a year. Owing to this, the blood testing market is anticipated to garner significant growth in the coming decade. In this article, we will discuss about the types of blood test-

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Let us take a closer look at few common blood tests available1-Complete blood countA routine CBC checks for levels of different components of every major cell in the blood: red blood cells, white blood cells, platelets, hemoglobin, and hematocrit. There is a fixed range for every component and the abnormal level of these component may indicate various disease- Nutritional deficiencies, such as vitamin B12 or B6 Anemia Blood cancer Immune system disorders Clotting problems2-Lipid panel

This particular test checks the levels of two types of cholesterol that are- Low density lipoprotein (LDL) also called bad cholesterol and high density lipoprotein (HDL) also known as good cholesterol. The high density lipoprotein is good for the body as it eliminates harmful substances from your blood. On the other hand, low density lipoprotein is bad for the body because it causes the formation of plaque in the walls of arteries.3-Basic metabolic panel

A basic metabolic panel checks for the 8 compounds in the blood- Glucose Calcium Sodium Bicarbonate Potassium Blood urea nitrogen Creatinine Chloride

The abnormal result of any compound may indicate diabetes, kidney disease, or hormonal imbalance.

4-Comprehensive metabolic panelA CMP includes all the measurement of a BMP as well as additional proteins and other substances related to the liver function such as,-Total protein-Albumin-Aspartate aminotransferase (ALT): It is an enzyme mostly found in the liver-Alkaline phosphatase (ALP): It is an enzyme found in the bones and liver which is involved in various bodily process-Aspartate aminotransferase (AST): This enzyme found in liver and other tissue within body

-Bilirubin: This is the waste resulting from the breakdown of the RBC which the liver filters out

5-Thyroid panelA thyroid function test checks whether the production of thyroid if occurring properly or not.Thyroxine (T4): Along with T3, T4 regulates the metabolism and how the person growTriiodothyronine (T3): Along with T4, it regulates the heart rate and body temperatureThyroid-stimulating hormone (TSH): This helps in regulating the levels of hormone the thyroid release.

Abnormal levels of the any of these hormones can includes conditions such as, thyroid growth disorders, low protein levels, and abnormal levels of estrogen or testosterone

6-Sexually transmitted infection testsMany STDs such as chlamydia, gonorrhea, herpes, HIV, and syphilis, etc can be diagnosed using a blood sample. Although blood tests are not always accurate and sometimes it takes a lot of time to detect the virus.

7-Coagulation PanelCoagulation tests are used to measure how perfectly blood clots are occurring and how long it takes to clot the blood. Clotting is very crucial process which helps in stopping blood clotting after a cut or wound. The results from the coagulation can be used to diagnose disease such as leukemia, excessive bleeding, thrombosis, liver conditions, and vitamin K deficiency.

Market synopsis: –The hematology diagnostic market size was estimated to be USD 6.5 billion in the year 2019 and is anticipated to reach USD 12 billion by the year 2030.

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Wrapping up,The growing demand for the advanced diagnostic technologies is expected to foster the blood testing market in coming time period. If you are also willing to invest and begin business in the particular market, then it is advisable to know the intricacies of the market. The team of Research Nester has meticulously prepared an exhaustive research report incorporating the growth drivers, market constraints, key market players, regional synopsis, etc. These parameters are fairly important for the investor to know in order to make sound decisions for their business.

About Kenneth ResearchKenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare pharmaceuticals, ICT telecom, automotive transportation, energy power, chemicals, FMCG food, aerospace defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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