Global Dried Blood Spot Collection Cards Market is expected to grow at a CAGR of 3.7% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Dried Blood Spot Collection Cards Market By Application (New-born Screening, Infectious Disease Testing, Forensics, Therapeutic Drug Monitoring), Card Type (Whatman 903, Ahlstrom 226, FTA, and Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027.
The global dried blood spot collection cards market is expected to grow from USD 266.82 million in 2019 to USD 356.81 million by 2027, at a CAGR of 3.7% during the forecast period 2020-2027. North America is expected to dominate the market during the forecast period. The rising initiatives taken by the government for spreading awareness regarding the use of DBS for screening of new-borns is the major driver for market growth. The increasing steps taken by several NGOs and health regulatory bodies are resulting in an increase in the number of tests performed on the new-borns. The rise in detection of diseases like galactosemia and hypothyroidism is further contributing to a greater number of tests in the region. The US is the major country contributing to the growth of the market in the region. Europe is expected to witness the highest growth rate during the forecast period. The rising investments in the improvement of healthcare facilities with the adoption of the latest technological advancements are expected to drive market growth. The increasing prevalence of hepatitis B in the population is further expected to boost market growth.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Some of the leading players of the market include PerkinElmer, Qiagen, Roche, Ahlstrom-Munksjö, Shimazdu (Novilytic Labs), Pall Corporation, ARCHIMEDlife, Eastern Business Forms, Inc., and Centogene AG. A high level of fragmentation characterises the market. The companies are focusing on investments in innovation, leading to new product launches. In 2019, GenTegra LLC and Ahlstrom launched a DBS collection card for providing higher protection of DNA.
This study delivers a comprehensive analysis of types of application, card type, and regions. On the basis of application, the market can be divided into new-born screening, infectious disease testing, forensics, and therapeutic drug monitoring. New-born screening segment is expected to dominate the market during the forecast period. The growth can be attributed to less invasive process, affordable, quick testing, a high degree of precision, ease of collection and storage of the sample, accessible transportation, and reproducibility. The therapeutic drug monitoring segment is expected to grow at a significant rate during the forecast period due to the ability of home sampling and non-contagious character of the monitoring system. On the basis of card type, the market can be divided into Whatman 903, Ahlstrom 226, FTA, and others. Whatman 903 cards are expected to dominate the market during the forecast period. The ease of identification, collection and transportation of sample with the help of safe and efficient method is the primary driver for market growth. FTA cards are expected to witness the highest growth rate during the forecast period. The quick and convenient analysis of tests is anticipated to drive market growth.
The increase in the number of new-borns has given rise to the demand for screening of metabolic and congenital diseases. The detection of the disorders at an early stage facilitates better diagnosis and treatment. DBS is quicker than conventional testing and also helps in avoiding retesting of the infant. The dried blood spot collection card is available for parents to conduct further tests of the new-born. The potential contamination of the collection card may act as a hindrance to market growth.
About the report:
The global dried blood spot collection cards market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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