According to Wise Guy Reports, the global single blood drop analysis market will grow at a compound annual growth rate (CAGR) of 10.6% and reach nearly $25.1 billion during the 10-year forecast period from 2017 to 2027. Technological advancements are a major factor driving this market growth.
Single blood drop analysis is extremely popular in point-of-care (POC) devices for diagnosis and monitoring of blood glucose and provides results similar to conventional lab testing. Today, it is not limited to just diabetes care. The report provides the following examples of tests that can be performed on a single drop of blood:
- The Abbott i-STAT can perform 26 tests by analyzing chemistries, electrolytes, hematology and blood gases from single blood drop
- A test from Toray Industries Inc. can detect 13 types of cancers from a single blood drop
- A test developed by Cepheid which offers quantitative and qualitative assays for HIV, hepatitis C and Ebola using three to four drops of blood
- A test developed by Karius Inc. that can identify 1,250 microbes (bacteria, viruses, fungi, protozoa) from a single drop of blood
This market report is divided into various segments based on applications, technology, end user, and geography. While the technologies segment includes blood collection, blood analyzers, and consumable technologies, the applications segment comprises diagnostic testing for various diseases such as cancer, diabetes, cardiovascular, viral or bacterial infection, fertility, and allergy. The report also focuses on patient monitoring and drug response monitoring. Geographically, the market is divided into North America, Europe, Asia-Pacific (APAC), and Rest of World.
The report identifies the leading players performing well in the diabetes care market as Bayer, Abbott, Alere, Siemens, Koninklijke Philips, and Becton Dickinson (BD). Other manufacturers that are involved in single blood drop analysis market are 1Drop Diagnostics, Apollo Medical Devices LLC, Blusense Diagnostics, PixCell-Medical, and Zepto Life Technology, LLC.