The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s blood group typing market report forecasts the blood group typing market size to grow to $4.29 Billion by 2027, with a CAGR (compound annual growth rate) of more than 12%.

Learn More On The Blood Group Typing Market Report 2023 – https://www.thebusinessresearchcompany.com/report/blood-group-typing-global-market-report

Blood Group Typing Market Size Forecast
The global blood group typing market is expected to grow from $2.4 billion in 2022 to $2.7 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The blood group typing market size is expected to grow to $4.29 billion in 2027 at a CAGR of 12.2%.

North America held the largest blood group typing market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Blood Group Typing Market Driver ­– Increase In Number Of Blood Donations And Transfusions
For instance, according to a report by the WHO in 2022, in high-income nations, which are home to 16% of the world’s population, blood donations account for 40% of the 118.5 million donations that are made worldwide. Moreover, children under the age of five receive up to 54% of blood transfusions in low-income nations, compared to patients over 60 who receive up to 76% of transfusions in high-income countries. The increase in the number of blood donations and transfusions thereby contributed to the growth of the blood typing market.

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Key Blood Group Typing Market Trend – Technological Advancements
Technological advancements such as automated technologies for blood typing gaining traction in the blood group typing market. Major companies in the market are focusing on introducing new types of tests based on innovative techniques that offer results in low turn-around time, with improved accuracy and efficiency. In September 2021, Ortho Clinical Diagnostics, a US-based in vitro diagnostics company, launched Immediate Spin Crossmatch (ISXM). ISXM is a serological test used in blood transfusions to identify ABO blood type mismatch between donor red blood cells and receiver serum or plasma. This new menu feature expands Ortho’s complete automated testing offering with the addition of ISXM.

Blood Group Typing Market Segment
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

Blood Group Typing Market Major Players and Strategies
Major players in the blood group typing market are Grifols, Bio-Rad Laboratories, Immucor Inc., Ortho Clinical Diagnostics, Quotient, BAG Health Care GmbH, AXO Science, Agena Bioscience, Merck KGaA, Beckman Coulter Inc., Sucuri Inc., Rapid Labs, AXO Science, Day Medical SA, and Novacyt Group.

In October 2020, Calibre Scientific, a provider of life science reagents, tools, instruments?and other consumables to the lab research, diagnostics, industrial and biopharmaceutical communities, acquired Lorne Laboratories for an undisclosed amount. The acquisition will support the Calibre diagnostics division and expand the expertise of the company. Lorne Laboratories is a speciality manufacturer of blood grouping reagents and diagnostic test kits.

The Blood Group Typing Global Market Report 2023 covers regional data on blood group typing market size, blood group typing market trends and drivers, opportunities, strategies, and blood group typing market competitor analysis. The countries covered in the blood group typing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Blood group typing is a method that tells the type of blood a person has, and it is done so that a person can safely donate blood or receive a blood transfusion.

View More Reports Related To The Blood Group Typing Market –
Blood Transfusion Diagnostics Global Market Report 2023
Analytical Laboratory Instrument Global Market Report 2023
Blood And Blood Components Global Market Report 2023

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