Global Blood Group Typing Market is Likely to Grow at a CAGR Value of 9.50 % by 2028

The global blood group typing market size was worth USD 2,954.90 million in 2021 and is estimated to grow to USD 5,093.63 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.50 percent over the forecast period. The report analyzes the 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 market

The blood group type market consists the sales of blood group test products and related services by companies (organizations, sole traders, and partnerships) that provide blood group test data from specific tests. A blood type test is for the identification of a person's blood type and is done to ensure that they can safely donate or receive a blood transfusion. The main types of blood grouping are antibody screening, cross-matching, ABO testing, antigen typing, and human leukocyte antigen (HLA) typing. Leading healthcare and biotechnology companies involved in this industry are focused on developing new products and technologies for analyzing blood groups at the molecular level. Moreover, companies are increasingly focusing on developing products that enable efficient workload management of blood tests which is anticipated to boost the market expansion during the forecast period.

The increasing number of accident and trauma victims is one of the main drivers of the growth of the global blood group typing market. Scientists are also involved in various research activities to develop sensitive donor screening tests to detect emerging infectious diseases in blood donations. This increase in government initiatives related to blood safety can be recognized as a key driver of the blood group typing market. However, inadequate blood supply infrastructure, lack of awareness & skilled professionals, and the risk of infectious diseases such as hepatitis B & HIV will impede market growth over the coming years. Major market opportunities for blood group typing are presented by companies focused on developing new and improved methods for analyzing blood samples at the molecular level.

The global blood group typing market is segregated based on product & service, technique, test type, end-use, and region. By product & service, the market is divided into consumables, instruments, and services. Among these, the instruments segment dominates the market. 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 assay-based techniques segment is expected to develop at the fastest rate. 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 will dominate the market during the forecast period. Finally, by end-user, the market is divided into hospitals, blood banks, clinical laboratories, and other end users. Over the forecast period, the clinical laboratories segment is projected to grow rapidly.

North America dominates the global blood group typing market with the availability of favorable reimbursement policies and the increasing prevalence of chronic diseases in the region. In addition, the launch of new products by major market players is expected to propel the growth of the blood group typing market during the forecast period in the North American region. The Asia-Pacific region is expected to rapidly increase over the predicted period due to the prevalence of chronic diseases requiring blood typing for effective treatment and the number of victims of trauma & accidents that require immediate blood and as a result, are expected to experience a favorable growth rate in blood transfusion.

Key players functioning 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.

Recent developments:

• In March 2022, a new study published in the journal PLOS Genetics first revealed a causal relationship between blood group and the severity of COVID-19. Using an analytical technique called Mendel randomization, researchers investigated the association between gene mutations that regulate blood protein levels and the outcome of COVID-19 disease. Early in the epidemic, doctors began tracking the relationship between the severity of COVID-19 and the patient's blood type.

Browse the full “Blood Group Typing Market by Product & Service (Consumables, Instruments, Services) by Technique (PCR-based and Microarray Techniques, Assay-based Techniques, Massively Parallel Sequencing Techniques, and Other Techniques), by Test Type(Antibody Screening, HLA Typing, Cross-matching Tests, ABO Blood Tests, and Antigen Typing), by End User (Hospitals, Blood Banks, Clinical Laboratories, and Other End Users) and By Region-Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/blood-group-typing-market

Global blood group typing market is segmented as follows:

By Product & Service

• Consumables
• Instruments
• Services

By Technique

• PCR-based and Microarray Techniques
• Assay-based Techniques
• Massively Parallel Sequencing Techniques
• Other Techniques

By Test Type

• Antibody Screening
• HLA Typing
• Cross-matching Tests
• ABO Blood Tests
• Antigen Typing

By End User

• Hospitals
• Blood Banks
• Clinical Laboratories
• Other End Users

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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