The global blood group typing market size is projected to reach USD 2.68 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period. Rising prevalence of anemia worldwide is set to fuel the growth of this market, shares Fortune Business Insights™ in its report, titled “Blood Group Typing Market Size, Share & Industry Analysis, By Product (Instruments, and Reagents & Kits), By Test Type (ABO Tests, Antigen Typing, Antibody Screening, Cross-matching Tests, and HLA Typing), By Techniques (Serology Tests, and Molecular Tests), By End User (Hospital-based Laboratories, and Independent Laboratories & Blood Banks), and Regional Forecast, 2020-2027”.
World Health Organization (WHO) data reveals that nearly 1.62 billion people, or 24.8% of the global population, are affected by anemia. Anemia is the deficiency of healthy red blood cells (RBCs) in the body, which leads to lack of oxygen supply to the organs. As a result, anemic people need to undergo regular blood transfusion exercises to maintain a stable RBC count in the body. Blood transfusion process requires blood typing tests to ensure compatibility between the donor’s and recipient’s blood type. Thus, growing incidence of anemia and the subsequent rising demand for blood transfusion will lead the blood group typing market trends in the foreseeable future.
Highlights of the Report:
- In-depth analysis of various insights, namely, Blood Group Typing Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Blood Group Typing Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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Key Players Operating in The Blood Group Typing Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Agena Bioscience
- Beckman Coulter, Inc.
- Merck KGaA
- Bio-Rad Laboratories, Inc.
- Ortho Clinical Diagnostics
- Immucor, Inc.
- QUOTIENT
- Grifols, S.A.
Market Restraint
Fears Arising from Covid-19 Pandemic to Severely Affect Blood Collection Globally
Voluntary blood donations are a prerequisite for patients suffering from chronic blood disorders as a higher stock of blood samples increases the probability of finding matching blood types for such individuals. Unfortunately, the COVID-19 outbreak has led to a drastic decline in voluntary blood donations across the globe, resulting from fears associated with the safety standards of the equipment used and imposition of lockdowns in most countries. Health systems in many countries have begun sounding alarm bells as existing stock of blood has started falling. For instance, the UK’s National Health Service (NHS) reported in March 2020 that voluntary donations fell by 15%. Similarly, in India, the Rotary Blood Bank and the Indian Red Cross Society declared that they were facing a shocking 80% shortfall of blood collection. Such sudden dips in blood donations are likely to have unfathomable effects on the patients suffering from diseases such as thalassemia and hemophilia, which require regular blood transfusions. Since the efficacy of blood typing mechanisms is heavily dependent on blood donations, a fall in these activities will negatively impact the blood group typing market growth.
Regional Analysis
North America to Lead the Market Supported by Rapid Adoption of Advanced Blood Typing Tests
With a market size of USD 572.0 million, North America is set to dominate the blood group typing market share during the forecast period. This is mainly attributable to the high adoption rate of advanced blood typing tests and methods in the region. Additionally, players operating in the region are provided adequate regulatory support, which has created conducive environment for innovation in the healthcare sector. Europe is anticipated to register an impressive CAGR on account of rising demand for safe blood transfusion techniques, while Asia-Pacific is slated to showcase considerable growth owing to increasing prevalence of chronic conditions such as anemia.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Technological Advancements in Blood Group Typing Techniques
- Number of Blood Donations, For Key Country/Region,2019
- Number of Blood Transfusion, For Key Country/ Region, 2019
- Key Industry Developments – Mergers, Partnership, Acquisitions
- Global Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Instruments
- Reagents & Kits
- Market Analysis, Insights and Forecast – By Test Type
- ABO Tests
- Antigen Typing
- Antibody Screening
- Cross-matching Tests
- HLA Typing
- Market Analysis, Insights and Forecast – By Techniques
- Serology Tests
- Molecular Tests
- Market Analysis, Insights and Forecast – By End User
- Hospital-based Laboratories
- Independent Laboratories & Blood Banks
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Latin America
- Middle East & Africa
- North America Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Instruments
- Reagents & Kits
- Market Analysis, Insights and Forecast – By Test Type
- ABO Tests
- Antigen Typing
- Antibody Screening
- Cross-matching Tests
- HLA Typing
- Market Analysis, Insights and Forecast – By Techniques
- Serology Tests
- Molecular Tests
- Market Analysis, Insights and Forecast – By End User
- Hospital-based Laboratories
- Independent Laboratories & Blood Banks
- Market Analysis, Insights and Forecast – By Country
- S.
- Canada
- Europe Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Instruments
- Reagents & Kits
- Market Analysis, Insights and Forecast – By Test Type
- ABO Tests
- Antigen Typing
- Antibody Screening
- Cross-matching Tests
- HLA Typing
- Market Analysis, Insights and Forecast – By Techniques
- Serology Tests
- Molecular Tests
- Market Analysis, Insights and Forecast – By End User
- Hospital-based Laboratories
- Independent Laboratories & Blood Banks
- Market Analysis, Insights and Forecast – By Country/Sub-region
- K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia pacific Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Instruments
- Reagents & Kits
- Market Analysis, Insights and Forecast – By Test Type
- ABO Tests
- Antigen Typing
- Antibody Screening
- Cross-matching Tests
- HLA Typing
- Market Analysis, Insights and Forecast – By Techniques
- Serology Tests
- Molecular Tests
- Market Analysis, Insights and Forecast – By End User
- Hospital-based Laboratories
- Independent Laboratories & Blood Banks
- Market Analysis, Insights and Forecast – By Country/Sub-region
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Instruments
- Reagents & Kits
- Market Analysis, Insights and Forecast – By Test Type
- ABO Tests
- Antigen Typing
- Antibody Screening
- Cross-matching Tests
- HLA Typing
- Market Analysis, Insights and Forecast – By Techniques
- Serology Tests
- Molecular Tests
- Market Analysis, Insights and Forecast – By End User
- Hospital-based Laboratories
- Independent Laboratories & Blood Banks
- Market Analysis, Insights and Forecast – By Country/Sub-region
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Instruments
- Reagents & Kits
- Market Analysis, Insights and Forecast – By Test Type
- ABO Tests
- Antigen Typing
- Antibody Screening
- Cross-matching Tests
- HLA Typing
- Market Analysis, Insights and Forecast – By Techniques
- Serology Tests
- Molecular Tests
- Market Analysis, Insights and Forecast – By End User
- Hospital-based Laboratories
- Independent Laboratories & Blood Banks
- Market Analysis, Insights and Forecast – By Country/Sub-region
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Continued…
