Blood group typing is a test used in
determining the blood group of an individual. The need for frequent volumes of
blood for patients admitted in hospitals, during surgeries, and blood disorders
are likely to warrant for this type of test. The global blood group typing
market report by Market Research Future (MRFR) highlights various factors and
challenges which can assist investors in making a sizeable assessment.
Market Outlook
Blood
Group Typing Market is expected to reach USD 3.9 Billion by 2030 at CAGR
8.9% during the forecast period 2022-2030. High cases of road accidents, demand
for blood and blood products, and need in prenatal testing are factors likely
to drive the market growth. According to the American National Red Cross, close
to 21 million blood components are transfused annually in the U.S.
Successful developments in biotechnology
which can determine the probability of genetic disorders based on family and
patient medical history can work in favor of the blood group typing market.
Advances such as magnetic beads in assays and quantum dots are evident of
technological advances. The use of blood typing in forensic sciences to discern
identities of criminals can drive the market demand. Establishment of large
blood banks to ensure a constant supply of blood combined with blood donation
campaigns can influence the global market.
The uptick in the volume of major surgical
procedures and blood donation rates are prominent drivers of the market.
Increasing research and development activities for proper understanding of
blood and antibody-antigens can culminate in high dividends. Demand for tests
for early diagnosis and faster prognosis of chronic diseases can fuel the blood
group typing market.
But lack of skilled professionals and
strict rules for blood transfusion can impede market growth.
Competitive Outlook
The global blood
group typing market players are Day Medical SA, Merck KGaA, AXO Science,
Beckman Coulter, Agena Biosciences, Inc., Quotient, Ltd., Novacyt Group,
Grifols International, S. A., Bio-Rad Laboratories, Inc., Ortho Clinical
Diagnostics, Inc., Immucor, Inc., Rapid Labs, Bag Healthcare GmbH, and Novel
product launches in the form of kits and collaborations are prime strategies by
players to gain a competitive edge.
Segmentation Analysis
The global blood testing market is
segmented by technique, test type, product and service, and end-user.
By technique, it is segmented into
massively parallel sequencing, assay-based techniques, PCR-based and microarray
technique, and others.
By test type, it is segmented into antigen
typing, HLA typing, ABO blood tests, cross-matching tests, and antibody
screening.
By product and service, it is segmented
into instruments, consumables, services, blood bank saline, antisera reagents,
anti-human globulin reagents, red blood cell reagents, and others.
By end-user, it is segmented into clinical
laboratories, blood banks, hospitals, and others.
Regional Analysis
Europe, the Americas, Asia Pacific (APAC),
and the Middle East & Africa (MEA) are regions covered in the blood group
typing market report.
The Americas is projected to dominate the
global market due to large number of blood donations, rise in organ
transplants, rising prevalence of chronic diseases, well-developed healthcare
infrastructure, and reimbursement schemes for surgeries. According to the
National Kidney Foundation in 2016, close to 121,678 patients in the U.S. were
on the waiting list for organs.
Europe can assume the second position in
the global market till 2022. Rising prevalence of hematological disorders and
cases of blood cancer can collectively drive the regional market demand.
According to the Office for National Statistics, nearly 8,208 people were
diagnosed with leukemia.
The APAC region is predicted to exhibit
experience growth at a relative fast pace due to the uptick in blood disorders,
rising prevalence of chronic diseases, and continuously developing
economies.
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