What Is Projected For Immunohematology Market Size And Growth?
According to the recent findings, the immunohematology market size has shown a steady growth. It is projected to grow from $2.46 billion in 2024 to an estimated $2.57 billion in 2025, showing a compound annual growth rate (CAGR) of 4.6%. The significant factors driving this growth can be attributed to advancements in blood transfusion science, the prevalence of blood disorders, the expansion of blood banks, government initiatives for blood safety, increased surgical procedures, and awareness of transfusion-related risks.
In terms of future outlook, the immunohematology market size is anticipated to witness strong growth. It is forecasted to reach $3.24 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. Factors expected to drive this growth include increasing demand for point-of-care testing, emergence of novel blood products, expansion of healthcare infrastructure, genetic testing for blood compatibility, and regulatory support for blood safety. Key trends include automation and high-throughput systems, molecular blood typing methods, antibody detection techniques, patient blood management programs, integration of AI in analysis, and telemedicine integration.
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What Are The Key Drivers Of The Immunohematology Market?
The significant drivers propelling the growth of the immunohematology market is the rising prevalence rate of hematological disorders. These disorders affect the blood and the components of the blood, such as red blood cells, white blood cells, platelets, and plasma. Immunohematology techniques are vital for safe blood transfusions as they help prevent transfusion reactions caused by incompatible blood types or antibodies present in the recipient’s blood. For instance, new leukemia cases caused by hematological disorders in the UK are expected to rise from roughly 12,400 cases in 2023-2025 to around 14,500 cases in 2038-2040, as per Cancer Research UK. This rise in hematological disorders solidifies the role of immunohematology, thus driving market growth.
What Are The Major Segments Of The Immunohematology Market?
• By Product: Analyzers And Systems, Reagents
• By Technology: Biochips, Erythrocyte-Magnetized Technology (Met), Gel Cards, Microplates, Polymerase Chain Reaction (PCR)
• By Disease: Blood-Related Diseases, HIV, Hepatitis
• By Application: Pretransfusion Testing, Investigation Of Immune Hemolysis, Perinatal Testing, Blood Group Phenotyping, Leucocyte And Platelet Serology
• By End User: Blood Banks, Diagnostic And Reference Laboratories, Hospitals, Academic And Research Institutes
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Who Are The Major Players In The Immunohematology Market?
The major companies operating in the immunohematology market include Ortho Clinical Diagnostics Inc., Immunocor Inc., Abbott Laboratories, Siemens Healthineers AG, Grifols S.A., Beckman Coulter Inc., Thermo Fisher Scientific Inc., Becton Dickinson and Company, Merck Co. & KGaA, Bio-Rad Laboratories, Sysmex Corporation, Danaher Corporation, Biosystems S.A., Roche Holdings AG, Mindray Medical International Limited, F.Hoffmann La-Roche Ltd., Biotest AG, Cardinal Health Inc., Quotient Limited, DiaSorin S.p.A., Lorne Laboratories Ltd., Biokit S.A., Avox Technologies, Diagnostic Automation/Cortez Diagnostics Inc., Inno-train Diagnostik GmbH, Drucker Diagnostics Inc., Immundia Diagnostics Pvt. Ltd.
What Trends Are Emerging In The Immunohematology Market?
Companies in the immunohematology market are focusing on developing innovative diagnostic solutions such as soluble recombinant proteins designed to overcome the interference of the cancer therapy daratumumab. For example, in November 2023, Grifols, S.A. launched the Grifols sCD38 solution, the first-ever soluble recombinant protein that addresses the interference caused by the cancer therapy daratumumab in vital blood transfusion compatibility testing.
What Is The Regional Analysis Of The Immunohematology Market?
In 2024, North America held the largest share in the immunohematology market. However, Asia-Pacific is expected to be the fastest-growing region in the global immunohematology market during the forecast period. The report includes a comprehensive regional analysis covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Immunohematology Market Report 2025 Offer?
Immunohematology is a branch of laboratory medicine that studies blood groups and the body’s immune response to foreign substances, especially in blood transfusions. Techniques in immunohematology help to locate and address diagnostic issues in patients with hematological conditions such as auto-immune hemolytic anemia. The Immunohematology 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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