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
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.