Press release
Blood Group Typing Market Set to Reach $5.83 Billion by 2029 with 13.7% Yearly Growth
Blood Group Typing Market
The blood group typing market experienced growth during the historic period due to a rise in the number of blood donations and transfusions. Many entities, including non-profit and government organizations, have been highlighting the significance of blood donations and transfusions, helping to boost awareness through various initiatives. As the number of blood donations rose, so did the demand for blood group typing, allowing donors to identify their blood type. A 2022 WHO report indicated that in nations with high incomes, which constitutes 16% of the global population, there are 40% of the 118.5 million global donations. Furthermore, in low-income countries, children under the age of five receive as much as 54% of blood transfusions, while patients over 60 receive around 76% of transfusions in wealthier nations. This surge in blood donations and transfusions ultimately stimulated the growth of the blood typing market.
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What Is the projected market size and growth rate for the blood group typing market?
Recent years have seen a substantial surge in the size of the blood group typing market. Expected to increase from $3.07 billion in 2024 to $3.48 billion in 2025, the market's compound annual growth rate (CAGR) stands at 13.4%. The historic surge in growth can be linked back to factors such as expansive blood donation initiatives, an aging demographic, the development of healthcare infrastructure, and an increase in clinical trials.
The market size for blood group typing is anticipated to experience a swift escalation in the coming years and is predicted to reach $5.83 billion by 2029, with a compound annual growth rate (CAGR) of 13.7%. The expansion within the projected timeframe can be tied to the escalating demand for blood and related commodities, increasing instances of chronic ailments, a surge in traffic mishaps, and the elevation in healthcare expenditures. Key trends contributing to this growth during the forecast period include the incorporation of automated systems and high-throughput, data amalgamation, public health drives, and technological advancements.
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What new trends are reshaping the blood group typing market and its opportunities?
Leading firms in the blood group typing market are introducing innovative solutions leveraging cutting-edge technologies like next-generation sequencing (NGS) to boost the precision and efficiency of blood typing procedures. NGS facilitates comprehensive examination of genetic variations in blood group antigens, yielding more accurate and exhaustive blood group typing. For example, Metropolis Healthcare Limited, a healthcare firm based in India, introduced the NextGen HLA Typing Test in April 2023. This test uses NGS technology to refine the precision of human leukocyte antigen (HLA) typing, an important process in organ transplantation. This novel testing approach aims to enhance compatibility evaluations between donors and recipients, a critical factor for successful transplant procedures.
What major market segments define the scope and growth of the blood group typing market?
The blood group typing market covered in this report is segmented -
1) By Test Type: Antibody Screening, Cross-Matching Tests, ABO Tests, Antigen Typing, HLA Typing
2) By Product: Instruments, Reagents And Kits
3) By Techniques: Serology Tests, Molecular Tests
4) By End User: Hospital Based Laboratories, Independent Laboratories And Blood Banks
Subsegments:
1) By Antibody Screening: Indirect Coombs Test, Enzyme-Linked Immunosorbent Assay (ELISA)
2) By Cross-Matching Tests: Major Crossmatch, Minor Crossmatch, Electronic Crossmatch
3) By ABO Tests: Forward Typing, Reverse Typing
4) By Antigen Typing: Rh Factor Typing, Kell Typing, Other Blood Group Antigen Typings
5) By HLA Typing: Serological Methods, Molecular Methods (PCR-based)
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Which region dominates the blood group typing market?
North America was the largest region in the blood group typing market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the blood group typing market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the blood group typing industry growth?
Major companies operating in the blood group typing market include Grifols S.A., Bio-Rad Laboratories Inc., Immucor Inc., Ortho-Clinical Diagnostics Inc., Quotient Limited, B. Braun Melsungen AG, AXO Science SAS, Agena Bioscience Inc., Merck KGaA, Beckman Coulter Inc., Rapid Labs Ltd., Day Medical SA, Novacyt Group, Chemtrade Logistics Income Fund, DIAGAST SAS, Thermo Fisher Scientific Inc., One Lambda Inc., Tulip Diagnostics (P) Ltd., Guangzhou Wondfo Biotech Co. Ltd., Mesa Laboratories Inc., Hemaxis Inc., ZenTech S.A., Hemogenyx Pharmaceuticals plc, Lifespan Diagnostics LLC, TECOmedical AG, Blood Systems Inc., Japan Blood Products Organization, Medion Diagnostics GmbH, BioMedomics Inc., DiaSorin S.p.A., Grifols Diagnostic Solutions Inc., Hemo bioscience Inc.
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What Is Covered In The Blood Group Typing Global Market Report?
•Market Size Forecast: Examine the blood group typing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the blood group typing market for a structured understanding.
•Key Players Overview: Analyze major players in the blood group typing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the blood group typing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the blood group typing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the blood group typing market.
•Industry Challenges: Identify potential risks and obstacles affecting the blood group typing market.
•Competitive Landscape: Review strategic developments in the blood group typing market, including expansions, agreements, and new product launches.
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