Press release
Global Blood Group Typing Market Projected to Grow at 13.7% CAGR, Reaching $5.83 Billion by 2029
Blood Group Typing Market Growth
What Will the Blood Group Typing Industry Market Size Be by 2025?
The market for blood group typing has seen swift expansion in the past years. It is projected to rise from $3.07 billion in 2024 to $3.48 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 13.4%. Factors such as the increase in blood donation campaigns, the aging populace, development in healthcare infrastructure, and an increase in clinical trials have contributed to the growth witnessed in the historical period.
What's the Long-Term Growth Forecast for the Blood Group Typing Market Size Through 2029?
In the coming years, we anticipate a swift expansion of the blood group typing market. Its size is projected to reach $5.83 billion by 2029, with a compound annual growth rate (CAGR) of 13.7%. The surge during the forecast period can be connected to the escalating demand for blood and blood-related commodities, an increase in chronic disease cases, a rise in road accidents, and growth in healthcare expenditure. Noteworthy trends for the forecast period encompass automation and high-throughput systems, data consolidation, public health drives, and technological advancements.
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What Are the Key Growth Drivers Fueling the Blood Group Typing Market Expansion?
The blood group typing market was primarily propelled by the rise in blood donations and transfusions during the historical period. Many non-profit entities, governmental bodies, and other organizations are highlighting the significance of blood donations and transfusions, thereby increasing awareness via various initiatives. The surge in blood donations has escalated the need for blood group typing, ensuring donors are informed of their blood type. A report from the WHO in 2022 reflected that in affluent nations, housing 16% of the global population, 40% of the 118.5 million blood donations worldwide are made. It also highlighted that in underprivileged countries, children below the age of five receive almost 54% of blood transfusions, while 76% of transfusions go to individuals over 60 in richer nations. Consequently, the increased number of blood donations and transfusions played a significant role in advancing the blood group typing market.
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What Are the Key Trends Driving Blood Group Typing Market Growth?
Major players in the blood group typing industry are developing ground-breaking products using cutting-edge technologies like next-generation sequencing (NGS) to boost the accuracy and efficiency of blood typing procedures. NGS offers an in-depth examination of genetic variations in blood group antigens, ensuring more accurate and comprehensive blood group typing. For example, in April 2023, Metropolis Healthcare Limited, a health company based in India, introduced the NextGen HLA Typing Test that employs NGS technology to increase the precision of human leukocyte antigen (HLA) typing necessary for organ transplants. This sophisticated testing method is tailored to enhance assessments of compatibility between donors and recipients, a vital factor for the success of transplants.
How Is the Blood Group Typing Market Segmented?
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 Companies Are Leading the Charge in Blood Group Typing Market Innovation?
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.
Which Regions Are Leading the Global Blood Group Typing Market in Revenue?
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.
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