The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The blood group typing market has experienced significant growth in recent years, with the market size expanding from $2.76 billion in 2023 to $3.15 billion in 2024, representing a remarkable Compound Annual Growth Rate (CAGR) of 14.1%. Looking ahead, the market is poised to continue its upward trajectory, reaching $5.18 billion in 2028, fueled by a CAGR of 13.3%. This growth is attributed to various factors, including the increasing demand for blood products, a rise in chronic diseases, and enhanced healthcare spending.

Factors Driving Growth in Historic Period

• Expansion in blood donation drives
• Aging population
• Rise in healthcare infrastructure development
• Increase in clinical trials

Factors Fueling Forecasted Growth

• Rising demand for blood and blood-related products
• Growing prevalence of chronic diseases
• Increase in road accidents
• Surge in healthcare spending

Addressing Infectious Diseases

One major driver of the blood group typing market is the escalating prevalence of infectious diseases. These disorders, caused by various organisms such as bacteria, viruses, fungi, or parasites, have witnessed a surge globally. Blood group typing plays a crucial role in analyzing specific antibodies against infectious agents, aiding in effective treatment and preventing further transmission. For instance, the World Health Organization reported a significant number of deaths due to tuberculosis and malaria in recent years, highlighting the urgent need for efficient blood typing methods.

Key Players in the Blood Group Typing Market

Major companies dominating the blood group typing market include Grifols S.A., Bio-Rad Laboratories Inc., Immucor Inc., Ortho-Clinical Diagnostics Inc., and others. These companies contribute significantly to market growth through their innovative products and solutions.

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Innovations Transforming the Market

ABO and RhD Solid-Phase Blood Grouping Kits

• Major companies focus on innovative products like ABO and RhD Solid-Phase Blood Grouping Kits.
• These kits detect ABO blood type system A/B antigen and Rh blood group system D antigen using solid-phase technology.
• lnTec PRODUCTS, INC. launched the Notice-2nd Generation ABO and RhD Solid-Phase Blood Grouping Kit in February 2022, offering improved features such as affordability, speed, and ease of use.

Strategic Acquisitions

In March 2023, Werfen, S.A., a Spain-based company, acquired Immucor Inc. for approximately US$2 billion. This strategic move enhanced Werfen’s position in the specialized diagnostics market, strengthening its diagnostic solutions for hospitals and clinical laboratories.

Market Segmentation

The blood group typing market is segmented based on:

1. Test Type:
   • Antibody Screening
   • Cross-Matching Tests
   • ABO Tests
   • Antigen Typing
   • HLA Typing
2. Product:
   • Instruments
   • Reagents and Kits
3. Techniques:
   • Serology Tests
   • Molecular Tests
4. End User:
   • Hospital-Based Laboratories
   • Independent Laboratories and Blood Banks

Regional Analysis

• North America held the largest share in the blood group typing market in 2023.
• Asia-Pacific is anticipated to be the fastest-growing region in the forecast period, indicating significant opportunities for market expansion.

In conclusion, the blood group typing market is on an upward trajectory, driven by factors such as increasing demand for blood-related products, the prevalence of infectious diseases, and technological innovations. As the market continues to evolve, it presents lucrative opportunities for both established players and new entrants aiming to contribute to the advancement of healthcare diagnostics.

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