The global blood testing market is growing rapidly. It’s no wonder – blood testing plays an important role in diagnostic applications. Moreover, more and more people are realizing the truth in the expert advice that having regular blood tests is crucial for maintaining optimal health.
Blood tests help in early identification of risk factors that can lead to serious medical conditions, allowing physicians to recommend steps to prevent them from occurring. For instance, a blood test to detect calcium imbalance may help prevent crippling bone fractures, a kidney stone (renal calculi), or heart valve failure, all diseases which make become apparent only years after the calcium imbalance first begins. Conducting a simple blood chemistry test on a yearly basis would help early detection of the imbalance and correction of problem before it is too late.
Similarly, higher than normal levels of insulin, glucose, homocysteine, fibrinogen, high sensitivity C-reactive protein, triglycerides, and LDL are prominent risk factors for heart attack, stroke, and other arterial diseases. Blood tests on a yearly basis to measure these parameters to detect cardiovascular risk status are also crucial as significant changes can occur during a year, which nullify the results of previous tests. Experts recommend the following panels of tests on a yearly basis:
- For men: a complete blood count (CBC), chemistry test, ferritin, insulin, lipids, Free T3 & TSH, homocysteine, total and free testosterone, estradiol, prostate-specific antigen (PSA), and DHEA.
- For women: a complete CBC, chemistry test, ferritin, insulin, lipids, Free T3, TSH, estradiol, progesterone, total and free testosterone, DHEA, and homocysteine.
If elevated homocysteine, hormone imbalance, high PSA or other serious abnormalities are detected, experts advise that testing be done more often.
In addition to the expanding application of blood testing in such diagnostic areas, a ResearchMoz report which anticipates the blood testing market trends during 2014-2020, states that factors such as aging population, rise in the incidence of diseases such as hepatitis, human immunodeficiency virus (HIV) infection, cancer, thyroid, genetic disorders and bacterial and viral allergic disorders are driving the growth of the market for blood testing. The increasing demand for point of care testing (POCT) is another important reason for the growth of the global blood testing market. The research also points out that the development of innovative and safe testing tools and blood collection equipment plays a key role in fuelling the demand for blood testing products and services.