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Next Move Strategy Consulting

Blood Testing Market Report: Trends, Insights, and Forecast for 2030

Blood Testing Market Report: Trends, Insights, and Forecast for 2030

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According to the study by Next Move Strategy Consulting, the global Blood Testing Market size is predicted to reach USD 147.61 billion with a CAGR of 7.1% till 2030.

Blood tests are used to measure or examine cells, chemicals, proteins, or other substances in the blood. These are also carried out to identify presence or development of a particular disease or medical condition in the body. The most common blood test is the complete blood count (CBC), which is performed as part of a routine check-up by a doctor. This test measures different components of blood such as red blood cells, white blood cells, and platelets.

However, high cost of automated blood testing and lack of awareness regarding latest advancements restrain growth of the market during. On the contrary, rise in use of glucometers with technological advancements such as wireless connectivity and Bluetooth, such as contour next one meter, OneTouch Verio Flex meter, and iHealth Smart Wireless Gluco-Monitoring System are expected to create ample growth opportunities for the market in the coming years.

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