Global Blood Group Typing Market
Medical Equipment

Blood Group Typing Market Size Forecast: Revenue and CAGR by 2029

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What Market Value Is The Blood Group Typing Industry Expected To Reach By 2029, Starting From 2025 Levels?

The market for blood group typing has experienced substantial expansion lately, poised to advance from a valuation of $3.07 billion in 2024 to $3.46 billion by 2025, which reflects a compound annual growth rate (CAGR) of 12.5%; this historical upward trajectory is linked to several factors, including the proliferation of blood donation initiatives, an increasing elderly demographic, improvements in medical facility development, and an uplift in clinical study execution.

Anticipation for escalating expansion characterizes the blood group typing sector, projecting a rise to $5.74 billion by the year 2029, propelled by an annual growth rate compounded at 13.5%. This surge throughout the projection timeframe is fundamentally driven by several key factors: escalating needs for transfusable blood and associated medical supplies, a greater incidence of long-term illnesses, a higher frequency of vehicular incidents, concurrent increases in overall expenditure on healthcare services, alongside market trends such as the adoption of automated and high-capacity processing apparatus, the incorporation of data linkage functionalities, supportive public health campaigns, and various technological advancements.

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What Are The Drivers Pushing New Developments In The Blood Group Typing Market?

Surging volumes of blood donations coupled with increased blood transfusions acted as the primary catalyst for the expansion of the blood group typing market throughout the review period. Various awareness initiatives spearheaded by governmental bodies, non-profit entities, and supplementary organizations have underscored the vital significance of both donating and receiving blood. As the volume of donations rose, so too did the necessity for blood typing procedures so that individuals making donations could ascertain their specific blood type. Illustratively, data from a 2022 World Health Organization publication indicated that high-income economies, representing only 16 percent of the global populace, account for a substantial 40 percent of the 118.5 million total blood donations recorded globally. Furthermore, a disparity in transfusion recipients emerges: up to 54 percent of transfusions in lower-income settings go to youngsters under five years old, whereas in wealthier nations, the majority, reaching up to 76 percent, are administered to seniors exceeding the age of sixty. Consequently, this heightened activity in both donating and utilizing donated blood directly fueled the advancement of the blood typing sector.

What Are The Primary Types Of Segments Analyzed In The Blood Group Typing Market?

The blood group typingmarket 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)

How Are Trends Influencing The Blood Group Typing Market?

Leading firms within the blood group identification sector are actively creating novel offerings incorporating cutting-edge methods like next-generation sequencing (NGS) to boost both the precision and effectiveness of blood classification procedures; this NGS capability facilitates an in-depth examination of genetic deviations within blood group antigens, thereby achieving a finer and more thorough blood type determination. For example, in April of 2023, Metropolis Healthcare Limited, a healthcare entity situated in India, introduced its NextGen HLA Typing Test, which leverages NGS technology specifically to refine the accuracy of human leukocyte antigen (HLA) typing essential for organ transplantation, a sophisticated testing approach engineered to optimize compatibility evaluations connecting donors and recipients, a step vital for achieving successful transplant outcomes.

Who Are The Primary Competitors In The Global Blood Group Typing Market?

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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Which Geographies Are Emerging As Strong Markets For The Blood Group Typing Industry?

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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