Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.87 Billion | USD 6.17 Billion | 8.1% | 2024 |
The global blood group typing market size was worth around USD 2.87 Billion in 2024 and is predicted to grow to around USD 6.17 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 8.1% between 2025 and 2034. The report analyzes the global blood group typing market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the blood group typing industry.
A blood type test is a procedure to identify and determine a person's blood type. Blood types fall into one of the established classes: A, B, AB, and O. Blood type is important in transfusion to ensure that the donor's blood is compatible with the recipient's blood and is also used to determine the presence of the determinant Rh factor. Blood types are based on the presence or absence of proteins called antigens on the surface of red blood cells. Blood group typing has also been widely used in paternity testing to solve problems related to heredity and traditional paternity testing. Blood types are also used in forensic laboratories. Blood typing is also essential during pregnancy to detect and prevent the risk of hemolytic anemia in the newborn.
This has contributed to the increased demand for prenatal testing and may further drive market growth in the coming years. As accidents and injuries increase worldwide, the need for blood transfusions for patients in crisis is increasing, and the demand for blood products is increasing. In addition, key players' extensive R & D activities to develop innovative and advanced automation technologies that reduce processing time and improve accuracy are another important factor contributing to the growth of market profits. However, a shortage of skilled professionals reduced blood donations, and a lack of adequate medical facilities are important factors that are expected to curb market growth to some extent during the forecast period.
Growing number of transfusion and blood donation drives the growth of the market
The increasing number of blood donations and transfusions will drive the global blood group typing market growth during the forecast period. Various nonprofits, government agencies, and other authorities have emphasized the importance of blood donations and blood transfusions. They are raising awareness through various campaigns, which are estimated to spur the market expansion.
Lack of skilled practitioners and awareness of blood donation benefits will hamper the blood group typing market growth.
Lack of awareness and lack of qualified & trained professionals can lead to misleading blood transfusions, reduced sales of blood bank reagents, and ultimately hinder the growth of the blood group typing market. Lack of awareness of the health benefits of blood donations, such as reducing the risk of cancer & heart attack and improving liver health, is anticipated to hinder market growth. Moreover, inadequate blood supply infrastructure and the risk of infectious diseases such as hepatitis B & HIV can hamper the market growth in the coming years.
The global blood group typing market is segregated on the basis of product & service, technique, test type, end-use, and region.
Based on Product & Service, the global blood group typing market is divided into Consumables, Instruments, Services.
By technique, the market is classified into PCR-based & microarray techniques, assay-based techniques, massively parallel sequencing techniques, and other techniques. Over the forecast period, the PCR-based & microarray techniques segment is expected to develop at the fastest rate with a large share and high growth in this segment is due to the increased prevalence of chronic diseases and increased R & D activities focused on understanding the molecular basis of blood and antibody-antigen interactions.
By test type, the market is classified into antibody screening, HLA typing, cross-matching tests, ABO blood tests, and antigen typing. The antibody screening segment dominates the market during the forecast period.
By end-user, the market is divided into hospitals, blood banks, clinical laboratories, and other end users. Over the forecast period, the hospital segment is projected to grow rapidly owing to the growing awareness of blood donations & their importance, an increasing number of blood donations, and a growing need for blood in surgery.
Report Attributes | Report Details |
---|---|
Report Name | Blood Group Typing Market |
Market Size in 2024 | USD 2.87 Billion |
Market Forecast in 2034 | USD 6.17 Billion |
Growth Rate | CAGR of 8.1% |
Number of Pages | 241 |
Key Companies Covered | Grifols, S.A., Immucor Inc., Ortho Clinical Diagnostics, In., Rapid Labs, Quotient, Ltd., Novacyt Group , Bio-Rad Laboratories Inc, BAG Healthcare GmbH , Day medical SA, DIAGAST, and AXO Science., and others. |
Segments Covered | By Product & Service, By Technique, By Test Type, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Increasing number of transfusions is likely to help North America dominate the global market
North America gained the largest share in the global blood group typing market in 2021 due to increased blood transfusions in high-income countries such as the U. S. According to World Health Organization (WHO) data for 2019, 42% of blood donations come from high-income countries. In addition, according to the Centers for Disease Control and Prevention (CDC), about 18 million prenatal visits were made in the United States in 2015. This increases the demand for blood grouping during prenatal testing is likely to drive the regional market growth. Moreover, market players who launch new products are expected to contribute to the region's growth.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the blood group typing market on a global and regional basis.
The global blood group typing market is dominated by players like:
By Product & Service
By Technique
By Test Type
By End User
By Region
FrequentlyAsked Questions
North America is expected to dominate the blood group typing market over the forecast period.
Leading players in the global blood group typing market include Grifols, S.A., Immucor Inc., Ortho Clinical Diagnostics, In., Rapid Labs, Quotient, Ltd., Novacyt Group , Bio-Rad Laboratories Inc, BAG Healthcare GmbH , Day medical SA, DIAGAST, and AXO Science., among others.
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