The new report by Expert Market Research titled, ‘Global Blood Group Typing Market Size, Trend, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global blood group typing market. It assesses the market based on its segments like offerings, techniques, test types, end-uses, and major regions.
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The key highlights of the report include:
Market Overview 2018-2028
• Historical Market Size (2021): USD 2 billion
• Forecast CAGR (2023-2028): 9.10%
• Forecast Market Size (2027): USD 3.37 billion
The market for blood group typing is being driven by the increasing prevalence of chronic diseases, along with the rising demand for blood from various end-users such as hospitals and clinics, research institutes, and blood banks, among others. The increasing number of emergencies and road accidents that demand blood transfusions is also bolstering the market for blood group typing.
The rapid expansion of medical facilities, the growing healthcare infrastructure, and the growing demand for blood and blood products are further propelling the blood group typing market growth. At a regional level, North America occupies a significant market share for blood group typing, due to the growing number of blood donors, coupled with the high demand for blood in the region.
Blood Group Typing Market Segmentation
Blood group typing is a form of a test that is performed to identify the blood type of an individual. The procedure is integral in determining the compatibility of blood types for safe blood transfusion or donation. It also identifies the presence of the Rh factor on the surface of the red blood cells of an individual.
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The market, based on offerings, is segmented into:
- Antisera Reagents
- Anti-Human Globulin Reagents
- Blood Bank Saline
By technique, the blood group typing market is classified into:
• PCR-Based and Microarray Techniques
• Massively Parallel Sequencing
• Assay-Based Techniques
The major test types of blood group typing are:
• Antibody Screening
• ABO Blood Tests
• HLA Typing
• Antigen Typing
• Cross-Matching Tests
Based on end-use, the market is divided into:
• Hospital-based Laboratories
• Independent Laboratories and Blood Banks
The major regional markets of blood group typing are:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
Blood Group Typing Market Trends
The blood group typing market is likely to be propelled by the surging government initiatives to boost blood safety and the growing awareness regarding blood donation. The rising disposable incomes and the development of innovative techniques of blood group typing are likely to boost the demand for blood group typing during the forecast period.
At a regional level, the Asia Pacific is projected to register growth over the upcoming years. This is due to the rising healthcare infrastructure, technological advancements, and the rising requirement for blood for instant blood transfusions in the Asia Pacific.
Key Market Players
The major players in the market:
• Grifols, S.A.
• Bio-Rad Laboratories, Inc.
• Immucor, Inc.
• Beckman Coulter, Inc.
• BAG Diagnostics GmbH
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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