Blood Group Typing Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Blood Group Typing Market?
The surge in blood contributions and infusions during the historic period propelled the blood group typing market. Various non-profit entities, governmental bodies, and other agencies have been advocating for the significance of blood donations and transfusions, raising consciousness via multiple campaigns. This surge in blood donations has escalated the need for blood group typing, allowing donors to identify their blood type. A 2022 report by the World Health Organization indicated that 40% of the 118.5 million global blood donations come from high-income countries that comprise 16% of the global population. Moreover, in low-income countries, children below the age of five receive as much as 54% of blood transfusions, in contrast to those over 60 who receive up to 76% of transfusions in high-income nations. This rise in blood contributions and transfusions has driven the growth of the blood typing market.
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#What is the Projected CAGR for the Blood Group Typing Market Size from 2025 to 2034?
In recent times, the market size for blood group typing has seen a significant increase. It is projected to expand from a value of $3.07 billion in 2024 to $3.48 billion in 2025, with a compound annual growth rate (CAGR) of 13.4%. This substantial growth during the historical period can be credited to factors such as an increase in blood donation campaigns, an ageing population, advancements in healthcare infrastructure, and an upswing in clinical trials.
The market size of blood group typing is anticipated to experience swift expansion in the coming years, with expectations to reach $5.83 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 13.7%. The surge during the projected period can be aligned to factors such as the escalating necessity for blood and products related to it, the increasing incidences of chronic ailments, a rise in road accidents, and amplified healthcare expenditure. Prevailing trends within the forecast period encompass automation alongside high-throughput systems, data consolidation, public health programs, and advancements in technology.
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What New Market Trends Are Reshaping theBlood Group Typing Market and Its Opportunities?
Leading enterprises active in the blood group typing industry are bringing forth novel products equipped with advanced technology such as next-generation sequencing (NGS) to augment the precision and effectiveness of blood typing procedures. With NGS, a thorough examination of genetic variations in blood group antigens is possible, thereby yielding more accurate and exhaustive blood group typing results. For instance, Metropolis Healthcare Limited, a health corporation in India, introduced the NextGen HLA Typing Test in April 2023. It makes use of the next-generation sequencing (NGS) technology to bolster the precision of human leukocyte antigen (HLA) typing, imperative for organ transplantation. This state-of-the-art testing technique is devised to better the evaluations of compatibility between donors and recipients, which is paramount for successful transplants.
Who Are the Leading Market Players Fueling Growth in the Blood Group Typing Market Trend?
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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How is the Global Blood Group Typing Market Segemented?
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)
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Which Geographics 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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