What’s Driving Growth in the Blood Group Typing Market? Insights into Key Trends and Opportunities
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How has the blood group typing market grown in recent years?
There has been a substantial expansion in the size of the blood group typing market in the previous years. It is projected to increase from $3.07 billion in 2024 to $3.48 billion in 2025, with a compound annual growth rate (CAGR) of 13.4%. The notable growth seen in the past is due to a surge in blood donation drives, an ageing demographic, enhancement in healthcare infrastructure, and an increase in clinical trials.
How is the blood group typing market size expected to evolve during the forecast period?
The market size for blood group typing is set to experience significant expansion in the upcoming years. We anticipate that it will expand to $5.83 billion by 2029, with a compound annual growth rate (CAGR) of 13.7%. This growth during the forecast period can be credited to the growing need for blood and blood-based products, an increase in chronic disease frequency, a rise in road accidents, and increased healthcare expenditure. Key trends predicted during the forecast period consist of automation and high-throughput systems, data integration, public health endeavors and technological advancements.
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Which key drivers are propelling the blood group typing market’s growth?
The market size for blood group typing is set to experience significant expansion in the upcoming years. We anticipate that it will expand to $5.83 billion by 2029, with a compound annual growth rate (CAGR) of 13.7%. This growth during the forecast period can be credited to the growing need for blood and blood-based products, an increase in chronic disease frequency, a rise in road accidents, and increased healthcare expenditure. Key trends predicted during the forecast period consist of automation and high-throughput systems, data integration, public health endeavors and technological advancements.
What are the market segments in the blood group typing industry?
The blood group typing market covered in this report is segmented – _x000D_
_x000D_
1) By Test Type: Antibody Screening, Cross-Matching Tests, ABO Tests, Antigen Typing, HLA Typing_x000D_
2) By Product: Instruments, Reagents And Kits_x000D_
3) By Techniques: Serology Tests, Molecular Tests_x000D_
4) By End User: Hospital Based Laboratories, Independent Laboratories And Blood Banks_x000D_
_x000D_
Subsegments:_x000D_
1) By Antibody Screening: Indirect Coombs Test, Enzyme-Linked Immunosorbent Assay (ELISA) _x000D_
2) By Cross-Matching Tests: Major Crossmatch, Minor Crossmatch, Electronic Crossmatch _x000D_
3) By ABO Tests: Forward Typing, Reverse Typing _x000D_
4) By Antigen Typing: Rh Factor Typing, Kell Typing, Other Blood Group Antigen Typings _x000D_
5) By HLA Typing: Serological Methods, Molecular Methods (PCR-based)
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Which leading companies are shaping the growth of the 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.
What key trends are currently impacting the blood group typing market’s development?
Leading companies in the blood group typing market are focusing on the creation of ground-breaking products utilizing forward-thinking technologies like next-generation sequencing (NGS). This progression increases accuracy and effectiveness in the blood typing procedures. NGS is instrumental in the in-depth examination of genetic variations in blood group antigens, yielding more accurate and thorough blood group typing. For instance, Metropolis Healthcare Limited, a health company based out of India, debuted the NextGen HLA Typing Test in April 2023. This test employs next-generation sequencing (NGS) technology to heighten the precision of human leukocyte antigen (HLA) typing, vital for organ transplants. This innovative testing procedure is aimed at boosting compatibility evaluations between donors and recipients, a critical factor for successful transplantation.
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Which geographic areas are influencing the growth of the blood group typing market?
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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