Global Blood Testing Market

Blood Testing Market Analysis

The Global Blood Testing Market size is estimated at USD 96.85 billion in 2025, and is expected to reach USD 135.08 billion by 2030, at a CAGR of 6.88% during the forecast period (2025-2030).

Factors such as the growing burden of chronic diseases, rising demand for home healthcare, the introduction of advanced technology-enabled products, the implementation of favorable government initiatives, and rising research and development expenditures on developing blood tests are expected to drive the market.

Blood, plasma, and serum are the most important elements in the body's circulation system. These are also widely studied for the detection of biomarkers, especially for cancer detection and early diagnosis. The growing burden of several chronic diseases increased the demand for their early and effective diagnosis, as delay in diagnosis may lead to complications that can be fatal. For instance, according to the National Breast Cancer Foundation's April 2024 update, approximately 1 in 8 women in the United States is expected to face a breast cancer diagnosis during their lifetime. For 2024, projections suggest that around 310,720 women and 2,800 men will receive diagnoses of invasive breast cancer. The huge prevalence of cancer cases worldwide requires regular monitoring and diagnosing of these diseases, which is expected to fuel the market growth during the forecast period.

According to the European Centre for Disease Prevention and Control's January 2023 publication, up to December 31, 2022, 4,110,465 cases of dengue were reported. The majority of cases were reported from Brazil (2,363,490), Vietnam (367,729), the Philippines (220,705), Indonesia (125,888), and India (110,473). Early detection of disease progression associated with severe dengue boosts the demand for blood testing for timely diagnosis of the diseases, thus driving the market. Furthermore, product launches by market players are expected to propel the market's growth over the forecast period. For instance, in June 2022, in association with Datar Cancer Genetics, Apollo Cancer Centers introduced a blood test to detect breast cancer early in asymptomatic individuals. The test, EasyCheck-Breast, can help detect breast cancer even before the first stage.

Thus, the market is expected to grow significantly during the forecast period due to the above-mentioned factors. However, a stringent regulatory approval process is expected to hinder market growth during the forecast period.

Blood Testing Market Trends

Glucose Testing is Expected to Hold a Significant Share of the Blood Testing Market

A blood glucose test measures the total amount of glucose in the blood. The symptoms of various disorders like diabetes usually appear suddenly, which is why blood sugar levels must be checked. Self-testing blood sugar is also important to manage diabetes and prevent complications. The rising prevalence of type I and type II diabetes, coupled with the growing cases of hereditary diabetes, also supports the growth of the glucose testing segment.

The prevalence of diabetes has increased in recent years, and many reports expect this prevalence to increase further in the future. For instance, as per report by the International Diabetes Federation, the total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. It will increase the demand for blood glucose testing, which will boost segmental growth.

The presence of portable glucose meters that patients can use for routine check-ups anywhere anytime boosts segmental growth. Furthermore, diabetes monitoring is carried out before any surgical intervention for the patient with diabetes, which influences the demand for these products. The launch of new products in the segment is expected to drive growth during the forecast period. For instance, in May 2022, Labcorp launched an at-home collection kit through Labcorp OnDemand that measures hemoglobin A1c (HbA1c) from a small blood sample to measure the sugar level.

Thus, the segment is expected to grow significantly over the forecast period due to the above-mentioned factors.

North America Holds a Significant Market Share

North America holds a significant market share due to technological advancements such as miniaturized diagnostic devices, which render rapid and accurate test results. Higher market penetration in the region and favorable medical insurance policies enhance the adoption of such products. The United States is expected to dominate the market.

The rising burden of chronic diseases in the United States, such as cancer, diabetes, thyroid, and other diseases requiring blood tests, will boost market growth. For instance, according to Cancer Facts and Figures 2023, published in January 2023 by the American Cancer Society, an estimated 1.9 million new cancer cases were diagnosed in 2023. Among these, prostate cancer accounted for 288,300 cases, followed by 23,830 cases of lung cancer and 300,590 cases of breast cancer. According to statistics published in May 2022 by the Government of Canada, about 233,900 Canadians were diagnosed with cancer in 2022, and prostate cancer is expected to remain the most commonly diagnosed cancer. Thus, the huge burden of cancer in the region is expected to increase the demand for blood testing, thereby boosting market growth over the forecast period.

Launching technologically advanced blood tests in the country will also positively contribute to market growth. For instance, in January 2022, Eurofins subsidiary empowerDX launched PFAS Exposure in the United States, a direct-to-consumer at-home test to determine levels of per- and polyfluorinated alkyl substances (PFAS) in a person's blood and measure 47 of the PFAS chemical compounds.

Thus, the above-mentioned factors are expected to drive market growth in North America.

Blood Testing Industry Overview

The blood testing market is fragmented and consists of several major players. The companies implemented certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, to help them strengthen their market position. The major players are Danaher Corporation, BioRad Laboratories, Thermofisher Scientific, Abbott Laboratories, and BioMerieux SA. Key players are also involved in various strategic alliances, such as acquisitions and collaborations, and launching advanced products to secure their position in the global market.

Blood Testing Market Leaders

Blood Testing Market News

• April 2024: BD (Becton, Dickinson, and Company) introduced its BD Vacutainer UltraTouch Push Button Blood Collection Set in India. This innovative set features BD RightGauge technology, which allows the use of a finer needle during blood collection. Additionally, it incorporates BD's proprietary PentaPoint Technology.
• March 2023: Guardant Health Inc. submitted the final module of its premarket approval (PMA) application for Shield, Guardant Health's blood test to screen for colorectal cancer (CRC), to the US Food and Drug Administration (FDA).