PUBLISHER: 360iResearch | PRODUCT CODE: 1466305
PUBLISHER: 360iResearch | PRODUCT CODE: 1466305
[193 Pages Report] The Blood Group Typing Market size was estimated at USD 3.37 billion in 2023 and expected to reach USD 3.63 billion in 2024, at a CAGR 7.82% to reach USD 5.72 billion by 2030.
Blood group typing, also known as blood typing or blood classification, is a crucial process in transfusion medicine and transplantation. It involves identifying specific antigens, proteins, and carbohydrates on the surface of red blood cells (RBCs) and determining an individual's blood group. The increasing demand for safe blood transfusion practices worldwide is one of the primary factors contributing to the market growth. This demand arises due to a growing prevalence of chronic diseases that require frequent blood transfusions. However, high costs associated with advanced testing techniques, such as molecular assays, limit their adoption, particularly in low-resource settings. A lack of skilled professionals capable of operating advanced instruments is another critical challenge th industry faces. Additionally, government initiatives improve healthcare infrastructure, and increased investment from private organizations presents opportunities for market players. Adopting automation technologies, including Next-Generation Sequencing (NGS), can significantly enhance throughput capabilities while reducing human errors during testing.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 3.37 billion |
Estimated Year [2024] | USD 3.63 billion |
Forecast Year [2030] | USD 5.72 billion |
CAGR (%) | 7.82% |
Techniques: Increasing adoption of assay-based and massively Parallel Sequencing techniques
Assay-based techniques are widely used for blood group typing, offering rapid and accurate results. They involve using reagents to detect specific antigens on red blood cells' surfaces using serological or molecular methods. Massively Parallel Sequencing (MPS), or Next-Generation Sequencing (NGS), is an advanced technique that allows simultaneous analysis of multiple genomic regions. Microarray technology is a high-throughput method utilized in genomics research that enables simultaneous analysis of various genes or genomic regions.
Test Type: Rapid emergence of ABO blood tests and human leukocyte antigen typing tests to detect the antigens
ABO blood tests are the most basic and widely used method for identifying an individual's blood type (A, B, AB, or O). These tests detect the presence of A and B antigens on red blood cells and corresponding antibodies in plasma. Antibody screening tests help identify clinically significant antibodies in an individual's plasma that may cause adverse reactions during transfusions or organ transplants. Antigen typing tests determine the presence or absence of specific antigens on red blood cells beyond A and B antigens. Cross-matching series tests are performed to ensure donor and recipient blood samples' compatibility directly. Human leukocyte antigen (HLA) Typing is crucial for determining compatibility in organ transplantation by identifying matching HLA molecules between donors and recipients.
Product: Significant use of consumables and instruments in blood group typing services
Consumables are essential materials used in blood group typing to identify and differentiate the various blood groups. The need for consumables has increased due to the demand for accurate and efficient blood group testing for transfusions, prenatal care, organ transplants, and research. Instruments utilized in blood group typing involve devices such as analyzers, cell sorters, microscopes, centrifuges, liquid handlers, and pipettes that enable precise measurement and analysis of samples with high throughput capacity. Blood group typing services encompass testing, consulting, training, and outsourcing solutions that aid hospitals, diagnostic centers, blood banks, and research institutes in managing blood grouping-related activities.
End-User: Emerging use of blood group typing services in clinical laboratories and hospitals
Blood banks are crucial in the healthcare industry as they collect, store, and distribute blood and blood components to hospitals and clinics. Clinical laboratories conduct diagnostic tests for disease detection, monitoring, prevention, or treatment strategies. Blood group typing is essential for prenatal screening, organ transplantation compatibility assessment, or diagnosis of certain genetic conditions. Hospitals require blood group typing services primarily for transfusion purposes and organ transplantation procedures.
Regional Insights
In the Americas, the U.S. and Canada significantly increased the adoption of blood group typing owing to its advanced healthcare infrastructure and huge demand for blood transfusions. Key players have recently invested in research initiatives such as the NIH-funded National Blood Donor Project. In Canada, a rise in government funding for healthcare organizations is driving demand for blood group typing technologies. The Asia-Pacific region is encountering substantial growth due to increased government spending on healthcare and advancements in medical technologies. In China, patent filings related to blood group typing have surged, indicating strong research and market potential. Japan's aging population and India's rising awareness of blood-related disorders drive the need for accurate and efficient blood typing solutions. In Europe, growing investments in biotechnology and life sciences fuel market growth. The EU's Horizon 2020 program has prioritized personalized medicine research through initiatives 'Towards Next-Generation ICTs for Health.' The Middle East and Africa region face unique challenges from their diverse populations and health disparities. However, an increasing focus on improving healthcare access creates opportunities for blood group typing providers.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Blood Group Typing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Blood Group Typing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Blood Group Typing Market, highlighting leading vendors and their innovative profiles. These include Agena Bioscience, Inc., Atlas Medical GmbH, AXO Science SAS, BAG Health Care GmbH, Beckman Coulter, Inc., Bio-Rad Laboratories, Inc, Biorex Diagnostics, Cardinal Health, Genome Diagnostics B.V., Grifols, S.A., Hemo bioscience, Inc., Lorne Laboratories Limited, Merck KGaA, Quotient Suisse SA, Rapid Labs Ltd, and Thermo Fisher Scientific, Inc..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Blood Group Typing Market?
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