The increasing enactment of strict government regulations in many countries for minimizing the risks of blood contamination is one of the major factors fueling the popularity of blood screening procedures across the world. According to the World Health Organization (WHO), there were policies and regulations regarding testing, coordinated blood collection, distribution, and storage in as many as 123 countries in 2015. Furthermore, the organization found that there were regulations regarding blood transfusion safety in 104 countries in the same year.

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The surging number of blood donations is pushing up the number of screening activities across the world. According to the WHO, across the globe, 117.4 million units of blood are donated every year. Out of the 117.4 million units, 100 million units are donated at 12,700 blood centers located at 170 countries around the world. Because of these factors, the global blood screening market is predicted to grow explosively in the coming years.

Geographically, the blood screening market would register the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of the market research company, P&S Intelligence. This would be because of the existence of several major industry players, the availability of cost-effective labor, and the high incidence of various chronic diseases such as cancer in the region. According to the Global Cancer Observatory (GLOBOCAN), 2,003,789 new cancer cases were recorded in Southeast Asia in 2018.