What is the Projected Market Size for the Global Blood Group Typing Market?
The blood group typing market size has experienced significant growth in recent years. It is forecast to expand from $3.07 billion in 2024 to $3.48 billion in 2025, representing a compound annual growth rate (CAGR) of 13.4%. This growth can be attributed to factors such as an increase in blood donation drives, an aging population, improved healthcare infrastructure, and an increase in clinical trials.
Moreover, the blood group typing market size is anticipated to witness rapid growth in coming years, growing to $5.83 billion in 2029 at a CAGR of 13.7%. This forecasted growth can be attributed to increasing demand for blood and blood-related products, a rising prevalence of chronic diseases, increasing road accidents, and growing healthcare spending. Key market trends include automation and high-throughput systems, data integration, public health initiatives, and technological innovations.
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What Factors Are Driving the Blood Group Typing Market?
Growth in the blood group typing market during the historic period can be largely attributed to an increase in the number of blood donations and transfusions. Numerous non-profit organizations, government organizations, and other agencies have been emphasizing the importance of blood donations and transfusions, and spreading awareness through various campaigns. This has increased the demand for blood group typing so that the donor can determine what type of blood they have.
Which Segments are Covered in the Blood Group Typing Market Report?
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
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Which Companies Are Major Players in 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 Trends Are Emerging in the Blood Group Typing Market?
Major companies operating in the blood group typing market are embracing innovative product developments utilizing advanced technologies like next-generation sequencing (NGS) to augment the accuracy and efficiency of blood typing processes.
Which Region Will Lead the Blood Group Typing Market Growth?
North America led the blood group typing market in 2024 with Asia-Pacific expected to be the fastest-growing region in the forecast period. The blood group typing market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Blood Group Typing Market Report 2025 Offer?
Blood group typing is a method used to determine a person’s blood type, and it is essential for safe blood donation or receiving a blood transfusion. The Blood Group Typing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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