A recent report published by Infinium Global Research on blood group typing market provides an in-depth analysis of segments and sub-segments in the global as well as regional blood group typing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional blood group typing market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global blood group typing market. According to the report, the global blood group typing market is projected to grow at a CAGR of 9.5% over the forecast period of 2019-2025.
Blood group typing enables the medical professional to identify the particular type of the blood of an individual. Blood group typing is depended upon the nature and the occurrence of antigens in the red blood cells. Blood group typing is the important test that enables to identify the similarity of the donor with the receiver, during the blood transfusion or organ donation procedure. Enhancement in the blood detection technique increased the growth of the market.
Growth of the market is attributed by significant Rising number of blood donations by blood donation campaigns and rise in the number of blood transfusion. Rise in the number of blood cancers such as leukemia, lymphoma, and myeloma and blood related diseases have increased the number of blood transfusion and organ replacement. Wrong blood group and other blood component selection for the blood transfusion or improper identification of the similarities between donor and acceptor can generate an adverse immune response. Rising number of a road accident and trauma and an increasing number of blood test for blood transfusion are also contributing to the growth of the market. Moreover, rising importance of blood group typing during pregnancy is another factor contributing to the growth of the market. Blood group typing is very important thru the time of pregnancy as it aid to prevent extreme anemia in the newborn baby. On the other hand, lack of knowledge and trained experts can hamper the growth of the market. However, continuous demand for blood transfusion during the treatment of various diseases will provide better opportunities to the market.
Geographically, blood group typing market is segmented into North America, Europe, Asia-Pacific, and Row. North America dominate the market and anticipated to hold the highest share of the market in the forecast period, followed by Europe. Presence of reimbursement policies, rising prevalence of chronic diseases are the factors supporting the growth of the market in this regions. Market in Asia-Pacific is expected to grow with a high rate in the forecast period. Presence of large patient pool with blood related diseases and growing demand of blood transfusion are some of the factor contributing to the growth of the market.
The report on global blood group typing market covers segments such as techniques, test type, products type, and end user. On the basis of techniques, the sub-markets include microarray, massively parallel sequencing, assay-based techniques, and other techniques. On the basis of test type, the sub-markets include human leukocyte antigen (HLA) typing, antibody screening, ABO blood tests, cross-matching series, and antigen typing. On the basis of products type, the sub-markets include instruments, services, and consumables. On the basis of end user, the sub-markets include clinical laboratories, blood banks, hospitals, and other end users.
The report provides profiles of the companies in the market such as Quotient Limited, Immucor, Inc., DAY Medical SA, DIAGAST, Novacyt Group, Agena Bioscience, Inc., BAG Health Care GmbH, AXO Science, Ortho Clinical Diagnostics, Inc., Rapid Labs, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of blood group typing market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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