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Immunohematology Market | Top Key Players - Thermo Fisher Scientific, Beckman Coulter, Hologic, Siemens Healthcare GmbH, Grifols, Ortho Clinical Diagnostics, Immucor, BD (Becton Dickinson), Abbott, MTC Invitro, Antisel, Roche Diagnostics, Bio-Rad Laborato
Immunohematology Market will exceed USD 2.7 billion by 2024; as per a new research report.
Growing technological advancements in immunohematology coupled with rising adoption of automated systems for blood screening will augment immunohematology market during the forecast period. Increasing patient preference towards technologically advanced automated analyzers as well as serologic techniques including ABO serum typing will drive the market growth. Moreover, increasing focus of industry players on developing advanced immunohematology techniques will further foster the immunohematology industry growth.
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Some of the prominent industry players operating in immunohematology market include Thermo Fisher Scientific, Beckman Coulter, Hologic, Siemens Healthcare GmbH, Grifols, Ortho Clinical Diagnostics, Immucor, BD (Becton Dickinson), Abbott, MTC Invitro, Antisel, Roche Diagnostics, Bio-Rad Laboratories. Industry players are primarily focusing on inorganic strategies such as collaborations, mergers, acquisitions and new product launch to sustain market competition and capitalize on market opportunities.
Rising prevalence of hematological diseases such as sickle-cell disorders, leukemia and thalassemia is another positive impact rendering factor in the immunohematology business growth. Increase in the number of programs organized by WHO to support national blood systems, for determination of timely access to safe and sufficient supply of blood and blood products will further propel market growth. However, stringent regulatory policies pertaining to blood and blood products may hamper immunohematology market growth in the coming years.
Reagents segment dominated the immunohematology market with USD 1.2 billion in 2017 and is projected to grow significantly over the forecast timeframe. Increasing number of customized reagents used in antibody screening and blood typing processes will spur immunohematology reagents market.
Gel cards segment is estimated to witness highest CAGR of 6.2% CAGR by 2024 due to growing demand for gel cards in alloantibody identification, antigen detection and cross matching. Gel cards are safer, quicker, reduces technical/interpretive errors and does not require skilled professionals. Aforementioned benefits should further boost segmental growth in forthcoming years.
Hospitals segment accounted for 54.2% revenue share in 2017 owing to rising number of emergency cases including accidents and trauma cases. High adoption rate for medical products and consumables in hospital settings will spur segmental growth in foreseeable future. Diagnostic laboratories segment will witness significant CAGR in the coming years due to increasing patient preference towards advanced laboratory diagnostic techniques.
U.S. immunohematology market held the largest revenue share of USD 616.5 million in 2017 and will show similar trend during the forecast timeframe. Increasing prevalence of hematological disorders such as sickle cell anemia, leukemia and thalassemia will serve to be a major impact rendering factor in the market growth. Furthermore, strong foothold of well-established industry players in the country will further accelerate the U.S. immunohematology business growth.
Germany immunohematology market accounted for significant revenue share in 2017 and is estimated to witness 4.8% CAGR over the forecast period. The growth is attributable to increasing number of blood banks and trauma centers in the country. In addition, presence of regulatory authorities in the country for monitoring quality and safety of blood and blood products play an important role in boosting immunohematology industry growth.
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Immunohematology market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 2422.07 million by 2028 and will grow at a CAGR of 4.19% in the above mentioned forecast period.
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Immunohematology Market Competitive Analysis and Forecast 2017-2025
Global Immunohematology Market: Snapshot
Immunohematology helps in examining the Rh factor, plasma, white blood cells components, and antigens in the blood of the donor. This process is commonly known as blood banking and deals with the preparation of blood cells for transfusions. Immunohematology helps in reducing the threats related to blood transfusions such as thalassemia and HIV.
The global immunohematology market is anticipated to observe substantial growth owing to the development of…
