Global Blood Group Typing Market Analysis to 2029 - Featuring Ortho Clinical Diagnostics, Quotient, Novacyt and Rapid Labs Among Others - ResearchAndMarkets.com

The "Blood Group Typing Market Analysis by Product (Instruments, Consumables), by Techniques (Assay-Based Techniques, PCR-Based and Microarray Techniques), by Test Type (ABO Blood Tests, Antibody Screening, HLA Typing, Antigen Typing), and by Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The blood group typing market size is estimated to be USD 3.41 billion in 2021 and is projected to witness a CAGR of 9.98 during the forecast period.

Companies Mentioned

• Day medical SA (Switzerland)
• Bio-Rad Laboratories Inc. (U.S.)
• Grifols S.A. (Spain)
• Immucor Inc. (U.S.)
• BAG Healthcare GmbH (Germany)
• Ortho Clinical Diagnostics Inc. (U.S.)
• Quotient Ltd. (U.S.)
• Novacyt Group (France)
• Rapid Labs (U.K.)
• DIAGAST (France)
• AXO Science (France)

Growth in global number of road accidents and trauma cases requiring blood transfusions is a key driver for the growth of the global blood group typing market. Additionally, increase in demand for blood group typing in prenatal testing and rise in application of blood group typing in forensic sciences are some of the other drivers propelling the market growth. Nevertheless, high cost of blood group typing and lack of knowledge regarding blood group typing among developing economies are expected to restrain the global market growth.

By Product

Based on product, the market is segmented into consumables, services, and instruments. In 2021, the consumables segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to increase in surgical processes namely organ transplantation and the application of serological fluids and reagents in laboratories worldwide. Instruments segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the growing investment in R&D activities for new instruments and products in the global market.

By Techniques

Based on techniques, the market is segmented into assay-based techniques, PCR-based and microarray techniques, massively parallel sequencing techniques, and other techniques. In 2021, the PCR-based and microarray techniques segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to increase in R&D undertakings concentrated on antibody-antigen interactions along with the high occurrence of chronic diseases worldwide. Assay-based techniques segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the increasing investment in the assay-based technique by major biotechnology and pharmaceutical manufacturers globally.

By Test Type

Based on test type, the market is categorized into ABO blood tests, antibody screening, HLA typing, antigen typing, and cross-matching tests. In 2021, the antibody screening segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the increase in demand for initial analysis and rise in incidence of chronic disorders worldwide. The ABO blood tests segment is anticipated to grow at a profitable CAGR during the forecast period, due to the increasing application ABO blood tests for blood grouping.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the growth in the number of transfusions, presence of major players in the region, increase in the share of healthcare expenditure in the per capita income, growth in initiatives from government, accessibility of technological advanced products in the region.

Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the increasing cases of chronic diseases in the region, growing government and corporate investment in healthcare sector, increasing travel tourism in the developing economies, and increase in cases of trauma and road accidents, are the major factors in this region.

 

Key Topics Covered:

 

1. Research Methodology

 

2. Introduction: Blood Group Typing

 

3. Executive Summary

3.1. Global Market Scenario

3.2. Segment Market Scenario

3.3. Geographic Market Scenario

3.4. COVID-19 Impact

3.5. Competitive Landscape

 

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraint

4.3. Market Opportunities

4.4. Market Trends

4.5. Market Challenges

 

5. Market Environment Analysis

 

6. COVID-19 Impact Analysis: Blood Group Typing Market

 

7. Market Analysis by Product

 

8. Market Analysis by Techniques

 

9. Market Analysis by Test Type

 

10. Regional Market Analysis

 

11. North America Blood Group Typing Market

 

12. Europe Blood Group Typing Market

 

13. Asia Pacific Blood Group Typing Market

 

14. Latin America Blood Group Typing Market

 

15. MEA Blood Group Typing Market

 

16. Competitor Analysis

 

17. Company Profiles

 

18. Conclusion & Recommendations

 

For more information about this report visit https://www.researchandmarkets.com/r/wog3rv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220629005820/en/