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Global Blood Testing Market By Test Type: (Complete Blood Count (CBC), Blood Glucose Test, COVID-19, BUN Testing (Blood Urea Nitrogen), Direct LDL, ALT, Creatinine, A1C, Prostate Specific Antigen, Testosterone, Lipid Panel Testing, Cortisol And Others); By Product (Reagents& Kits, Instruments And Software); By Method (Automated And Manual); By End-Use (Hospitals, Clinics, Diagnostic Centres, Research Laboratory Blood Banks And Others)” - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

A prominent research firm, Cognizance Market Research added a cutting-edge industry report on “Global Blood Testing Market”. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2023 to 2030.

Global Blood Testing Market Analysis

According to cognizance market research, the Global Blood Testing Market was valued at US$ 90.4 Billion in 2022 and is anticipated to reach US$ 155.6 Million by the end of 2030 with a CAGR of 7.0% from 2023 to 2030.

blood testing market

What is Global Blood Testing?

Blood testing is a medical evaluation used to determine the patient’s health status using blood samples drawn from the patient’s body using a needle or finger prick. For instance, blood culture studies can assess how well the body is healing and how well the systems are functioning. These exams are common, and even routine check-ups may call for one. In medicine, blood tests are frequently used to understand biochemical and physiological conditions, mineral composition, the efficacy of pharmaceutical drugs, organ function, illness, and drug tests to identify substance misuse. A blood panel, also known as blood work, is a collection of multiple examinations for distinct blood components. Blood culture studies can also tell how well a therapy is working and how well an organ functions.

Global Blood Testing Market Outlook

In the Global blood testing report, the market outlook segment mainly includes important dynamics of the market which include drivers, restraints, opportunities and challenges tackled by the industry. Opportunities and challenges are extrinsic factors whereas, drivers and restraints are intrinsic factors of the market.

The frequency and occurrence of target diseases such as diabetes and CVDs are both considerably rising year over year, which is helping the blood testing market expand. The technique for performing blood test methods has significantly improved over the past few years, which has led to the expansion of the world market for blood testing. Blood tests can be performed more quickly and with less difficulty using automatic methods as opposed to human ones. Therefore, the viability of computerized blood test processes will ultimately aid in boosting market development.

The global rivalry has gotten more intense as a result of technological breakthroughs and the ongoing demand for better blood testing technologies. The high development in the global blood testing market can be attributed to the increase in blood donations and blood donors, as well as the rise in infectious illnesses and knowledge of the safety of given blood. The global blood testing market has more opportunities due to the growth of people around the globe. Additionally, as more individuals contract these illnesses, there will be more opportunities for market expansion. The worldwide market for blood testing also has many pharmaceutical and biotechnology firms offering expansion prospects.

The various blood tests that are offered on the market for the same diagnostic reason will offer the blood testing market substantial growth possibilities. Additionally, accurate diagnostic factors for serious illnesses contribute to higher sales.

Segment Analysis:

The global blood testing market has been segmented into test type, product, method, end-use and geography.

Based on test type, the global blood testing market is segmented into complete blood count (CBC), blood glucose test, COVID-19, BUN testing (blood urea nitrogen), direct LDL, ALT, A1C, creatinine, testosterone, prostate-specific antigen, lipid panel testing, cortisol and others. The market for blood testing was dominated by the glucose testing segment, which also generated the biggest revenue share. This can be explained by the substantial market spread of these tests on the international market.

Based on product, the market has been classified into reagents & kits, instruments and software. The instruments segment holds a dominant share in the global blood testing market. The COVID-19 outbreak created numerous possibilities for the introduction and growth of sophisticated blood testing products approved by regulatory agencies. The market forecasts will be boosted by the launch of new products like these and by robust regulatory support.

Based on the method, the global blood testing market has been further segmented into manual and automated. The manual segment is expected to hold a dominant position owing to growing investment interest in the healthcare centre.

Based on end-use, the market for global blood testing has been segmented into hospitals, clinics, blood banks, diagnostic centres, research laboratories and others. The diagnostic centres segment is the leading one in the market. The increasing number of compact, user-friendly, and accurate blood testing equipment is one of the main drivers of this development. Additionally, the growing popularity of biosensors due to their simplicity of use will support sector demand.

Geographical Analysis:

Based on geography the global blood testing market has been segmented into five main regions namely, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa

The biggest income share came from North America, which dominated the world market for blood testing. One of the key factors fueling the market development over the projection period is an increase in the number of strategic activities being carried out by various market participants and governmental agencies to boost plasma donations in the region. In terms of the sale worth of blood testing equipment, the United States came out on top. The demand for testing goods in the area is further expected to be fueled by the rising number of blood donors.

Additionally, over the course of the projection, Asia Pacific is anticipated to experience the blood testing market’s quickest CAGR growth. One major reason driving the market development is the steadily increasing prevalence of chronic diseases in developing nations like India, China, and Indonesia. Additionally, it is anticipated that increased investment by numerous international corporations in the region’s growth sector will benefit the market for blood tests globally. For example, the National Center for Global Health and Medicine in Japan created a blood test in September 2020 that allows us to receive early notice for severe COVID-19 cases.

geographical analysis

The report offers the revenue of the global blood testing market for the period 2020-2030, considering 2020 & 2021 as a historical years, 2022 as the base year and 2023 to 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global blood testing market for the forecast period. The global blood testing market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the global blood testing market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the global blood testing market.

The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the global blood testing market. Secondary research involved a detailed analysis of significant players’ product portfolios. Literature reviews, press releases, annual reports, white papers, and relevant documents have been also studied to understand the global blood testing market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.

The report includes an executive summary, along with a growth pattern of different segments included in the study’s scope. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the global blood testing market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the global blood testing market. The subsequent section of the global blood testing report highlights the USPs, which include key industry events (Type launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenario.

Global Blood Testing Market Competitive Landscape

The “Global Blood Testing Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as

  • Abbott Diagnostics
  • Becton Dickinson & Company
  • Biomeric, Inc.
  • bioMérieux S.A
  • Bio-Rad Laboratories Inc.
  • Danaher Corporation
  • Luminex Corporation
  • Ortho Clinical Diagnostics
  • Quest Diagnostics
  • Roche Diagnostics
  • Siemens Healthcare
  • Trinity Biotech PLC

In February 2020, Ortho Clinical Diagnostics revealed the introduction and availability of VITROS XT 3400, which completes its VITIOS XT solutions and aids labs in obtaining reliably quick, accurate, and dependable results.

Siemens Healthineers and Epocal Inc. signed a purchase agreement in June 2017. A division of Epocal Inc. creates and offers a point-of-care blood testing system for healthcare companies, including the epocßllod Analysis System.

Nanosphere, Inc., which offers assistance and services in the molecular and microbiology testing sectors, was acquired by Luminex Corporation in June 2016, as previously stated.

The report explores the competitive scenario of the global blood testing market. Major players operating in the global blood testing market have been identified and profiled for unique commercial attributes. Company overview (company description, Type portfolio, geographic presence, employee strength, Key management, etc.), financials, SWOT analysis, recent developments, and key strategies are some of the features of companies profiled in the global blood testing market report.

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Table of Content

Research Methodology: Aspects

Market research is a crucial tool for organizations aiming to navigate the dynamic landscape of customer preferences, business trends, and competitive landscapes. At Cognizance Market Research, acknowledging the importance of robust research methodologies is vital to delivering actionable insights to our clientele. The significance of such methodologies lies in their capability to offer clarity in complexity, guiding strategic management with realistic evidence rather than speculation. Our clientele seek insights that excel superficial observations, reaching deep into the details of consumer behaviours, market dynamics, and evolving opportunities. These insights serve as the basis upon which businesses craft tailored approaches, optimize product offerings, and gain a competitive edge in an ever-growing marketplace.

The frequency of information updates is a cornerstone of our commitment to providing timely, relevant, and accurate insights. Cognizance Market Research adheres to a rigorous schedule of data collection, analysis, and distribution to ensure that our reports reflect the most current market realities. This proactive approach enables our clients to stay ahead of the curve, capitalize on emerging trends, and mitigate risks associated with outdated information.

Our research process is characterized by meticulous attention to detail and methodological rigor. It begins with a comprehensive understanding of client objectives, industry dynamics, and research scope. Leveraging a combination of primary and secondary research methodologies, we gather data from diverse sources including surveys, interviews, industry reports, and proprietary databases. Rigorous data analysis techniques are then employed to derive meaningful insights, identify patterns, and uncover actionable recommendations. Throughout the process, we remain vigilant in upholding the highest standards of data integrity, ensuring that our findings are robust, reliable, and actionable.

Key phases involved in in our research process are mentioned below:


Understanding Clients’ Objectives:

Extensive Discussions and Consultations:

  • We initiate in-depth discussions and consultations with our clients to gain a comprehensive understanding of their objectives. This involves actively listening to their needs, concerns, and aspirations regarding the research project.
  • Through these interactions, we aim to uncover the underlying motivations driving their research requirements and the specific outcomes they hope to achieve.

Industry and Market Segment Analysis:

  • We invest time and effort in comprehensively understanding our clients’ industry and market segment. This involves conducting thorough research into market trends, competitive dynamics, regulatory frameworks, and emerging opportunities or threats.
  • By acquiring a deep understanding of the broader industry landscape, we can provide context-rich insights that resonate with our clients’ strategic objectives.

Target Audience Understanding:

  • We analyze our clients’ target audience demographics, behaviors, preferences, and needs to align our research efforts with their consumer-centric objectives. This entails segmenting the audience based on various criteria such as age, gender, income level, geographic location, and psychographic factors.
  • By understanding the nuances of the target audience, we can tailor our research methodologies to gather relevant data that illuminates consumer perceptions, attitudes, and purchase intent.


Identifying Challenges and Opportunities:

  • We proactively identify the challenges and opportunities facing our clients within their respective industries. This involves conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses and competitive benchmarking exercises.
  • By identifying potential obstacles and growth drivers, we can provide strategic recommendations that help our clients navigate complexities and capitalize on emerging opportunities effectively.

Grasping Specific Goals:

  • We delve into the intricacies of our clients’ objectives to gain clarity on the specific goals they aim to accomplish through the research. This entails understanding their desired outcomes, such as market expansion, product development, or competitive analysis.
  • By gaining a nuanced understanding of our clients’ goals, we can tailor our research approach to address their unique challenges and opportunities effectively.

Data Collection:


Primary Research Process:

  • Surveys: We design and administer surveys tailored to capture specific information relevant to our clients’ objectives. This may involve employing various survey methodologies, such as online, telephone, or face-to-face interviews, to reach target audiences effectively.
  • Interviews: We conduct structured or semi-structured interviews with key stakeholders, industry experts, or target consumers to gather in-depth insights and perspectives on relevant topics. These interviews allow us to probe deeper into specific issues and uncover valuable qualitative data.
  • Focus Groups: We organize focus group discussions with carefully selected participants to facilitate interactive discussions and gather collective opinions, attitudes, and preferences. This qualitative research method provides rich contextual insights into consumer behaviors and perceptions.
  • Observations: We conduct observational research by directly observing consumer behaviors, interactions, and experiences in real-world settings. This method enables us to gather objective data on consumer actions and reactions without relying on self-reported information.

Secondary Research Process:

  • Literature Review: We conduct comprehensive literature reviews to identify existing studies, academic articles, and industry reports relevant to the research topic. This helps us gain insights into previous research findings, theoretical frameworks, and best practices.
  • Industry Reports: We analyze industry reports published by reputable trade associations (whitepapers, research studies, etc.), and government agencies (U.S. Census Bureau, Bureau of Labor Statistics, and Securities and Exchange Commission etc.) to obtain macro-level insights into market trends, competitive landscapes, and industry dynamics.
  • Government Publications: We review government publications, such as economic reports, regulatory documents, and statistical databases, to gather relevant data on demographics, market size, consumer spending patterns, and regulatory frameworks.
  • Online Databases: We leverage online databases, such as industry portals, and academic repositories (PubMed Central (PMC), ScienceDirect, SSRN (Social Science Research Network), Directory of Open Access Journals (DOAJ), NCBI, etc.), to access a wide range of secondary data sources, including market statistics, financial data, and industry analyses.





Data Analysis:

The data analysis phase serves as a critical juncture where raw data is transformed into actionable insights that inform strategic decision-making. Through the utilization of analytical methods such as statistical analysis and qualitative techniques like thematic coding, we uncover patterns, correlations, and trends within the data. By ensuring the integrity and validity of our findings, we strive to provide clients with accurate and reliable insights that accurately reflect the realities of the market landscape.



Transformation of Raw Data:

  • Upon collecting the necessary data, we transition into the data analysis phase, where raw data is processed and transformed into actionable insights. This involves organizing, cleaning, and structuring the data to prepare it for analysis.

Utilization of Analytical Methods:

  • Depending on the research objectives, we employ a diverse range of analytical methods to extract meaningful insights from the data. These methods include statistical analysis, trend analysis, regression analysis, and qualitative coding.

Statistical Analysis:

  • Statistical tools are instrumental in uncovering patterns, correlations, and trends within the data. By applying statistical techniques such as descriptive statistics, hypothesis testing, and multivariate analysis, we can discern relationships and derive valuable insights.

Qualitative Analysis Techniques:

  • In addition to quantitative analysis, we leverage qualitative analysis techniques to gain deeper insights from qualitative data sources such as interviews or open-ended survey responses. One such technique is thematic coding, which involves systematically categorizing and interpreting themes or patterns within qualitative data.

Integrity and Validity Maintenance:

  • Throughout the analysis process, we maintain a steadfast commitment to upholding the integrity and validity of our findings. This entails rigorous adherence to established methodologies, transparency in data handling, and thorough validation of analytical outcomes.

Data Validation:

The final phase of our research methodology is data validation, which is essential for ensuring the reliability and credibility of our findings. Validation involves scrutinizing the collected data to identify any inconsistencies, errors, or biases that may have crept in during the research process. We employ various validation techniques, including cross-referencing data from multiple sources, conducting validity checks on survey instruments, and seeking feedback from independent experts or peer reviewers. Additionally, we leverage internal quality assurance protocols to verify the accuracy and integrity of our analysis. By subjecting our findings to rigorous validation procedures, we instill confidence in our clients that the insights they receive are robust, reliable, and trustworthy.


Importance of Data Validation:

  • Data validation is the final phase of the research methodology, crucial for ensuring the reliability and credibility of the findings. It involves a systematic process of reviewing and verifying the collected data to detect any inconsistencies, errors, or biases.

Scrutiny of Collected Data:

  • The validation process begins with a thorough scrutiny of the collected data to identify any discrepancies or anomalies. This entails comparing data points, checking for outliers, and verifying the accuracy of data entries against the original sources.

Validation Techniques:

  • Various validation techniques are employed to ensure the accuracy and integrity of the data. These include cross-referencing data from multiple sources to corroborate findings, conducting validity checks on survey instruments to assess the reliability of responses, and seeking feedback from independent experts or peer reviewers to validate the interpretation of results.

Internal Quality Assurance Protocols:

  • In addition to external validation measures, internal quality assurance protocols are implemented to further validate the accuracy of the analysis. This may involve conducting internal audits, peer reviews, or data validation checks to ensure that the research process adheres to established standards and guidelines.

Report Scope:



Market Size

US$ 155.6 Million (2030)

Compound Annual Growth Rate (CAGR)


Base Year


Forecast Period


Forecast Units

Value (US$ Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Geographies Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Countries Covered

U.S., Canada, Germany, U.K., France, Spain, Italy, Rest of Europe, Japan, China, India, Australia & New Zealand, South Korea, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, GCC, South Africa, Rest of Middle East & Africa

Key Companies Profiled

Abbott Diagnostics, Becton Dickinson & Company, Biomeric, Inc., bioMérieux S.A, Bio-Rad Laboratories Inc., Danaher Corporation, Luminex Corporation, Ortho Clinical Diagnostics, Quest Diagnostics, Roche Diagnostics, Siemens Healthcare and Trinity Biotech PLC

Key Questions Answered in Blood Testing Market Report

The major players operating in the global blood testing market are Abbott Diagnostics, Becton Dickinson & Company, Biomeric, Inc., bioMérieux S.A, Bio-Rad Laboratories Inc., Danaher Corporation, Luminex Corporation, Ortho Clinical Diagnostics, Quest Diagnostics, Roche Diagnostics, Siemens Healthcare and Trinity Biotech PLC.

Blood testing is a medical evaluation used to determine the patient’s health status using blood samples drawn from the patient’s body using a needle or finger prick.

The drivers in the global blood testing market include-

External funding for clinical studies aimed at developing new and advanced technology in diagnostic tests is a major driver of the growth of the market.

Rising awareness among patients about several types of self-testing and home diagnostic tests is likely to influence the growth of the global blood testing market.

Continuously increasing prevalence of chronic disease along with a rapid growth in the demand for fast products for accessing health problems is projected to propel the market in the coming years.

Some of the restraints in the global blood testing market are as follows-

Lack of awareness about the latest technology devices among patients in developing countries such as India, Indonesia, and Malaysia is expected to hinder the market growth during the forecast period.

High cost of the devices and self-testing kits is likely to be a factor restraining the market demand in the coming years.

The diabetes segment is expected to lead the global blood testing market owing to the substantial market spread of these tests on the international market.

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