Blood Group Typing Market Overview
The global blood group typing market is growing pervasively. The market growth attributes to the increasing prevalence of chronic diseases and accident cases worldwide. Besides, increasing requirements for the blood transfusion process drives the market growth substantially. Blood typing methods also play a significant role in prenatal testing, where parents’ blood groups are different and do not match — for instance, RhD positive blood group and RhD negative blood group.
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Moreover, technological advancements in blood group identification methods such as quantum dots (QDs) and magnetic beads in assays escalate the market growth, enhancing clinical safety in the blood transfusion processes. According to Market Research Future (MRFR), the global blood group typing market is projected to grow at 10% CAGR during the review period (2018 – 2023). Rising blood components transfusing facilities and blood donation camps play a causal role in the development of the market.
Additionally, augmenting demand for blood grouping during prenatal testing and growing blood typing in the forensic sciences, boost the market demand. Also, increasing numbers of road accidents & trauma cases and surgeries that need a blood transfusion process and increasing blood product demands fosters market growth. Conversely, stringent regulatory requirements for blood transfusion are major factors expected to hamper the growth of the market.
Moreover, unmet clinical needs, alongside the unavailability of external funding, obstruct market growth, especially in the developing and underdeveloped regions. However, augmenting demand for the blood group typing in the diagnostics that can give quick & accurate results would support the growth of the market throughout the estimated period. Furthermore, various blood tests used in the treatment of COVID 19 to identify and quantify the human immune system’s response to the virus are expected to influence the market growth a great deal.
Blood Group Typing Market – Segmentations
The report is segmented into five dynamics;
By Technique : Assay-based Techniques, PCR-based & Microarray Techniques, Massively Parallel Sequencing, and others.
By Test Type : HLA Typing, Antibody Screening, ABO Blood Tests, and Antigen Typing, Cross-Matching Tests, and others.
By Product & Service: Consumables, Instruments, and Services.
By End-user : Blood Banks, Hospitals, Clinical Laboratories, and others.
By Regions : Europe, Americas, Asia Pacific, and the Rest-of-the-World (RoW).
Blood Group Typing Market – Geographical Analysis
North America dominates the global blood group typing market. The largest market share attributes to the presence of well-developed healthcare sectors and promising industry players in the region. Besides, the increasing occurrence of chronic diseases and high per capita healthcare expenditures propel the regional market growth. The North American blood group typing market would retain its dominance throughout the forecast period.
Europe stands second in the global blood group typing market. The market is driven by the well-spread awareness for the benefits of good health and initiatives undertaken by governments and private healthcare organizations. Besides, the growing prevalence of various hematological disorders, chronic diseases, and the increasing number of blood transfusion procedures in the region create enormous market demand. The European blood group typing market is estimated to create a substantial revenue pocket over the review period.
The blood group typing market in the Asia Pacific region is growing rapidly. Factors such as the rapidly spreading awareness towards healthcare and per capita healthcare budgets drive the regional market growth. Besides, continuously developing economies, rising prevalence of chronic diseases, and increasing government funding in healthcare sectors foster the growth of the regional market. Additionally, substantial R&D funds by private & public health sectors, huge patient population, and rapidly developing healthcare infrastructure substantiate the market growth.
Blood Group Typing Market – Competitive Landscape
Highly competitive, the blood group typing market appears fragmented due to the presence of well-established industry players. These players try to gain a substantially larger competitive share by adopting strategic initiatives such as mergers & acquisitions, expansion, collaboration, and product & technology launch.
Blood Group Typing Market Major Players:
Players leading the blood group typing market include Grifols International, S. A., Beckman Coulter, Bio-Rad Laboratories, Inc., Ortho Clinical Diagnostics, Inc., Quotient, Ltd., Immucor, Inc., Bag Healthcare GmbH, Rapid Labs, Novacyt Group, Agena Biosciences, Inc., Merck KGaA, AXO Science, and Day Medical SA, among others.
Blood Group Typing Industry, Innovation & Related News
July 13, 2020 —- Tokyo University of Science (Japan), announced the development of A novel lab-on-a-chip device that can detect blood type within minutes. The new micro-lab on a chip holds much potential for use in an emergency. Delay in blood group typing prolongs blood transfusions in emergencies, which can prove fatal. Hence, this team of scientists has developed this unique lab-on-a-chip device that tells the blood type within five minutes and allows medical staff to read the results through simple visual inspections.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
…TOC Continued
LIST OF TABLES
Table 1 Global Blood Group Typing Market Synopsis, 2018–2023
Table 2 Global Blood Group Typing Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Blood Group Typing Market, By Region, 2018–2023 (USD Million)
Table 4 Global Blood Group Typing Market, By Technique, 2018–2023 (USD Million)
Table 5 Global Blood Group Typing Market, By Test Type, 2018–2023(USD Million)
Table 6 Global Blood Group Typing Market, By Product And Service, 2018–2023 (USD Million)
…Continued
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Blood Group Typing Market
Figure 3 Segmentation Market Dynamics For Global Blood Group Typing Market
Figure 4 Global Blood Group Typing Market Share, By Technique, 2017
Figure 5 Global Blood Group Typing Market Share, By Therapy, 2017
Figure 6 Global Blood Group Typing Market Share, By Product And Service, 2017
…Continued
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