The Global Blood Group Typing Market was valued USD 1.9 Bn in 2020 is expected to reach USD 3.6 Bn by 2027, with a growing CAGR of 9.3% during the forecast period (2021-2027).
The procedure of classification and identification of individual’s blood group type into various blood group classes that is A, B, AB, and O blood group is known as blood group typing. The test for the identification of blood is very essential for the transfusion of the blood. It is important to understand the compatibility among the recipient blood type and the donor’s blood type. Moreover, it is also important to have knowledge about the Rh factor in the blood for the transfusion of the blood to avoid life risking harmful immune response. This is the considerably one of a major propelling factor for the growth of the global blood group typing market.
Blood group typing helps pregnant women to predetermine the disease in newborns which is called as hemolytic disease (HDN). Some of the other driving factors influencing the global blood group typing market are the increase in blood donation rates, rising number surgical procedures across the world, and growing number accidents and trauma cases.
Moreover, the covid-19 outbreak negatively impacted the blood group typing market across the globe. In this pandemic, due to the norm of social distancing, many voluntaries for the donation of blood decreases rapidly. For instance, as per the American Red Cross, due to spread of Covid- 19, over 2,700 blood donation camps cancelled all over the U.S and it drops the collection of blood for about 86,000 pints.
The Global Blood Group Typing Industry Segmentation:
By Type
By Products
By Techniques
By End- user
By Region
Based on type, the antibody screening segment has shown lucrative growth in the blood group typing market in 2020 and expected to exhibit similar trends during the forecast period
Based on type, the global blood group typing market can be segmented as cross-matching tests, human leukocyte antigen (HLA) typing, antigen typing, antibody screening, ABO tests. Among these, the antibody screening segment has shown the most lucrative growth in the blood group typing market in 2020 and expected to exhibit similar trends during the forecast period. This is mainly due to the blood banks and clinical labs make a use antibody screening for the detection of unwanted antibody in the serum. Globally, antibody screening shows positive impact on the blood group typing market.
Based on product, the kits segment is expected to witness a high growth trend in the forecast period and expected to hold a large share in the forecast period
Based on products, the global blood group typing market is segmented as reagents, instruments, and kits segment. Among these, reagents segments have a significant share in blood group typing market across the globe. This is mainly due to the tremendous use of kits all over the countries that drive the global market growth for the kits segment. Kits are ready for use at any time and gives faster results as compared to instruments and reagents. Many clinical labs, hospitals are adopting the kits for blood group typing is the propelling factor for the growth of kits segment.
Based on technique, assay-based techniques segment is expected to have the fastest growth in the global blood group typing market during the forecast period
Based on technique, the global blood group typing market can be segmented as massively parallel sequencing, assay-based techniques, PCR-based and microarray techniques, other techniques. Assay-based techniques is the fastest growing technique segment in the global blood group typing market. The rapid adaptation of the assay-based technique during the forecast period drives the assay-based segment market growth. Moreover, the low cost of assay- based technique is one of the propelling factors for the growth of the assay-based technique segment. However, the assay-based technique is not efficient to detect the weak subgroups of antigens is the restraining factor for the global blood group typing market growth.
Based on the end- users, retail and consumer goods industry is expected to witness the fastest growth in the global blood group typing market during the forecast period
Based on the end-users, the global blood group typing market can be segmented as blood banks, clinical laboratories, hospitals, others. Clinical laboratories are the leading segment for the global blood group typing market. Most of the population prefer the clinical laboratories to know the blood group type due to the availability of the clinical labs in most of regions. Moreover, the emergence of blood bank and standalone labs is increasing due to rising investment for blood donation.
Based on region, North America dominated the blood group typing market in 2020 and expected to show similar trends in forecast period
Based on region, the global blood group typing market can be segmented as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among these, North America dominated the blood group typing market in 2020 and expected to show similar trends in forecast period. This is because the government is investing in the blood donation camps and taking the initiative to emerge clinical laboratories and hospitals. Growing blood donors and transfusion processes in the North American region drives the global blood group typing market.
However, Asia- Pacific region is also anticipated the adequate growth of the blood group typing market due to increasing awareness about blood donation and the supportive governments initiatives in the developing countries such as China and India during the forecast period.
Company Profiles and Competitive Intelligence
The key players operating in the blood group typing market are:
The report also provides an in-depth analysis of market dynamics such as drivers and restraints
Drivers
Restraints
The report also provides in-depth analysis of key market trends.
The report also provides an in-depth analysis of recent News Developments and Investments
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