Blood Group Typing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Blood Group Typing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Blood Group Typing Market

The blood group typing market size was valued at USD 1.96 billion in 2023, and the market is now projected to grow from USD 2.13 billion in 2024 to USD 4.34 billion by 2032, exhibiting a CAGR of 9.3% during the forecast period of 2024-2032.

The COVID-19 pandemic caused a decline in blood transfusions and donations, deliver chain disruptions, and less patient visits to healthcare facilities, reducing using diagnostic products globally. Consequently, companies like Bio Rad Laboratories, Inc. Noticed extensive revenue drops, with a 7.6% decrease of their clinical diagnostics segment in FY 2020 as compared to 2019.

The increase in voluntary blood donations globally has boosted the call for for blood organization reputation and bypass-matching techniques, accelerating market increase. According to the European Blood Alliance, the NHS Blood and Transplant (NHSBT) collects approximately 1. Five million donations annually, supported with the aid of 1. Three million registered donors, making sure a dependable blood supply and using the demand for related diagnostic services.

The adoption of computerized blood typing technology, which include PCR-based totally and microarray techniques, is improving the speed, standardization, and protection of transfusion diagnostics. This attention on advanced automation is ready to decide the marketplace increase trajectory with the aid of enhancing performance and reliability in blood typing techniques.

Comprehensive Analysis of Blood Group Typing Market

The blood group typing market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated By Product Analysis, By Test Type Analysis, By Technique Analysis, By End-User Analysis. ByProduct Analysis include instruments and reagents & kits. By Test Type Analysis include ABO tests, antigen typing, antibody screening, cross-matching tests, and HLA typing. By Technique Analysis include serology tests and molecular tests. By End-User Analysis include hospital-based laboratories and independent laboratories & blood banks.

North America region lead the blood group typing market share by benefitting a market size of USD 0.07 billion in 2023 due to the significant demand for blood transfusions, higher adoption of automated blood typing instruments, and favorable reimbursement policies for these procedures

The top gamers inside the market play a critical role in the industry assuring market boom and placing marketplace standards. These players include Quotient Limited, CareDx Inc., Agena Bioscience, Inc. (Mesa Laboratories, Inc.), DIAGAST, Illumina, Inc., Grifols, S.A., Immucor, Inc., Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Merck KGaA, QIAGEN, Beckman Coulter, Inc. (Danaher), QuidelOrtho Corporation. these market players provide a level playing competitive landscape.

In January 2023, Quotient Limited announced the launch of its ALBA products in Sweden, the Netherlands, France, Germany, Austria, Hungary, Italy, Greece, Poland, Romania, Luxembourg, and Slovakia..

Segmentation Table

REPORT SCOPE & SEGMENTATION

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 9.3% from 2024-2032

Unit Value (USD billion)

Segmentation By Product

Instruments

Reagents & Kits

By Test Type

ABO Tests

Antigen Typing

Antibody Screening

Cross-matching Tests

HLA Typing

By Technique

Serology Tests

Molecular Tests

By End-user

Hospital-based Laboratories

Independent Laboratories & Blood Banks

ByRegion

North America (By Product, By Test Type, By Technique, By End-user, and By Country)

- U.S.

- Canada

Europe (By Product, By Test Type, By Technique, By End-user, and By Country/Sub-Region)

- Germany

- U.K.

- France

- Italy

- Spain

- Scandinavia

- Rest of Europe

Asia Pacific (By Product, By Test Type, By Technique, By End-user, and By Country/Sub-Region)

- China

- Japan

- India

- Australia

- Southeast Asia

- Rest of Asia Pacific

Latin America (By Product, By Test Type, By Technique, By End-user, and By Country/Sub-Region)

- Brazil

- Mexico

- Rest of Latin America

Middle East & Africa (By Product, By Test Type, By Technique, By End-user, and By Country/Sub-Region)

- GCC

- South Africa

- Rest of Middle East & Africa


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