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What Is the Forecast for the Blood Group Typing Market from 2024 to 2025?

Over the recent years, the market size for blood group typing has witnessed a significant expansion. It is projected to rise from $3.07 billion in 2024 to reach $3.48 billion in 2025, growing at a compound annual growth rate (CAGR) of 13.4%. The historical growth is partly due to the increase in blood donation campaigns, an aging population, the expansion of healthcare infrastructure, and the increase in clinical trials.

What Is the Projected Market Size of the Blood Group Typing Market?

The market size of blood group typing is projected to experience swift expansion in the upcoming years. It is predicted to reach a value of $5.83 billion in 2029, growing at a compound annual growth rate (CAGR) of 13.7%. The surge in the prediction period could be ascribed to the rising demand for blood and products related to blood, increased occurrence of chronic diseases, escalating road mishaps, and growth in healthcare expenditure. The forecast period is likely to witness major developments like automated and high-throughput systems, data amalgamation, public health projects, and technological advancements.

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Who are the Major Competitors in the Blood Group Typing Market Outlook?

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 Is Fueling Growth in the Blood Group Typing Market?

The growth of the blood group typing market was spurred during the historical phase by an upsurge in blood donations and transfusions. The importance of donating blood and undergoing transfusions is being highlighted by different non-profit organizations, public bodies, and other agencies via various campaigns. There was an increased demand for blood group typing following a surge in blood donations, enabling donors to identify their blood type. For instance, the World Health Organization’s 2022 report indicates that 16% of the global population, located in high-income countries, is responsible for 40% of the 118.5 million donations made globally. Additionally, in low-income countries, children under five receive about 54% of the blood transfusions, while in high-income countries, patients over 60 receive approximately 76% of the transfusions. Hence, the rise in the number of blood donations and transfusions essentially fueled the expansion of the blood group typing market.

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Which Blood Group Typing Market Segments Are Growing the Fastest?

The blood group typing market 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)

Which Industry Trends Are Shaping the Future of the Blood Group Typing Market?

Leading businesses in the blood group typing market are innovating and constructing state-of-the-art products using high-tech mechanisms like next-generation sequencing (NGS). This heightens the preciseness and effectiveness of blood typing procedures. NGS permits in-depth scrutiny of genetic variations in blood group antigens, thereby offering more accurate and thorough blood group typing. For instance, Metropolis Healthcare Limited, a health company headquartered in India, introduced the NextGen HLA Typing Test in April 2023. This test employs the NGS technology to increase the precision of human leukocyte antigen (HLA) typing, vital for organ transplantation. This sophisticated testing method is formulated to better evaluations of compatibility between donors and recipients, an essential factor for successful transplants.

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Which Countries Are Leading 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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This Report Delivers Insight On:

1. How big is the blood group typing market, and how is it changing globally?

2. Who are the major companies in the blood group typing market, and how are they performing?

3. What are the key opportunities and risks in the blood group typing market right now?

4. Which products or customer segments are growing the most in the blood group typing market?

5. What factors are helping or slowing down the growth of the blood group typing market?

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