Overview and Scope
Blood group typing is a method that tells the type of blood a person has, and it is done so that a person can safely donate blood or receive a blood transfusion.
Sizing and Forecast
The blood group typing market size has grown rapidly in recent years. It will grow from <b>$2.76 billion in 2023 to $3.15 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. </b> The growth in the historic period can be attributed to expansion in blood donation drives, aging population, rise in healthcare infrastructure development, rise in clinical trails.
The blood group typing market size is expected to see rapid growth in the next few years. It will grow to <b>$5.18 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. </b> The growth in the forecast period can be attributed to increasing demand for blood and blood-related products, rising prevalence of chronic diseases, rising road accidents, rise in healthcare spending. Major trends in the forecast period include automation and high-throughput systems, data integration, public health initiatives, technological innovations.
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Segmentation & Regional Insights
The blood group typing market market covered in this report is segmented –
1) By Test Type: Antibody Screening, Cross-Matching Tests, ABO Tests, Antigen Typing, HLA Typing
2) By Product: Instruments, Reagents And Kits
3) By Techniques: Serology Tests, Molecular Tests
4) By End User: Hospital Based Laboratories, Independent Laboratories And Blood Banks
<b>North America</b> was the largest region in the blood group typing market in 2023. <b>Asia-Pacific</b> is expected to be the fastest growing region in the forecast period. The regions covered in the blood group typing market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in number of blood donations and transfusions drove the blood group typing market during the historic period. Different non-profit organizations, government organizations and other agencies are emphasizing the importance of blood donations and transfusions and spreading awareness through various campaigns. An increase in blood donations increased the demand for blood group typing so that the donor can know what type of blood they have. For instance, according to a report by the WHO in 2022, in high-income nations, which are home to 16% of the world’s population, blood donations account for 40% of the 118.5 million donations that are made worldwide. Moreover, children under the age of five receive up to 54% of blood transfusions in low-income nations, compared to patients over 60 who receive up to 76% of transfusions in high-income countries. The increase in the number of blood donations and transfusions thereby contributed to the growth of the blood typing market.
Key Industry Players
Major companies operating in the blood group typing market market include <b> Grifols S.A., Bio-Rad Laboratories Inc., Immucor Inc., Ortho-Clinical Diagnostics Inc., Quotient Limited, B. Braun Melsungen AG, AXO Science SAS, Agena Bioscience Inc., Merck KGaA, Beckman Coulter Inc., Sucuri Inc., Rapid Labs Ltd., Day Medical SA, Novacyt Group, Chemtrade Logistics Income Fund, DIAGAST SAS, Thermo Fisher Scientific Inc., One Lambda Inc., Tulip Diagnostics (P) Ltd., Guangzhou Wondfo Biotech Co. Ltd., Mesa Laboratories Inc., Hemaxis Inc., ZenTech S.A., Hemogenyx Pharmaceuticals plc, Lifespan Diagnostics LLC, TECOmedical AG, Blood Systems Inc., Japan Blood Products Organization, Medion Diagnostics GmbH, BioMedomics Inc., DiaSorin S.p.A., Grifols Diagnostic Solutions Inc., Hemo bioscience Inc. </b>
The blood group typing market report table of contents includes:
1. Executive Summary
2. Blood Group Typing Market Characteristics
3. Blood Group Typing Market Trends And Strategies
4. Blood Group Typing Market – Macro Economic Scenario
5. Global Blood Group Typing Market Size and Growt
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26. South America Blood Group Typing Market
27. Brazil Blood Group Typing Market
28. Middle East Blood Group Typing Market
29. Africa Blood Group Typing Market
30. Blood Group Typing Market Competitive Landscape And Company Profiles
Top Major Players:
- Grifols S.A
- Bio-Rad Laboratories Inc.
- Immucor Inc
- Ortho-Clinical Diagnostics Inc.
- Quotient Limited
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