Blood
group typing process helps determine the type of blood group of an
individual. This typing method is a mandatory requirement before blood
transfusion to examine the compatibility between the blood group of
donor and recipient. Blood typing methods also have significance in
prenatal testing where the father has an RhD positive blood group, and
the mother has an RhD negative blood group.
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The
blood group typing market is growing pervasively owing to the
increasing prevalence of chronic diseases and accident cases, worldwide.
Moreover, technological advancements in blood group detections methods
such as quantum dots (QDs) and magnetic beads in assays improve
identification are escalating the market on the global platform,
enhancing the clinical safety in the blood transfusion processes.
According
to The American National Red Cross, over 21 MN blood components are
transfused each year in the US. Following the same suit, an estimated
6.8 million people in the US donate blood each year. Considering the
exponential growth, the market perceives currently; Market Research
Future (MRFR), in its recently published study report asserts that the
global blood group typing market will grow colossally by 2023, posting a
CAGR of over 9.5% during the review period (2018 – 2023).
Additional
factors boosting the market growth include the augmenting demand for
blood grouping during prenatal testing, the rise in blood donations, and
growing usage of blood typing in the forensic sciences. Moreover, the
growing number of road accidents and trauma cases which require blood
transfusion and the increasing demand for blood products foster market
growth.
On
the flip side, factors such as the stringent regulatory requirements
for blood transfusion are expected to hamper the growth of the global
blood group typing market. Also, the unmet clinical needs alongside the
unavailability of external funding are obstructing the market growth,
especially in the developing regions. Nevertheless, augmenting demand
for the blood group typing in the diagnostics that can give fastest
& accurate results is propelling the growth of the market.
GlobalBlood Group TypingMarket – Segments
The global blood group typing market has been segmented into technique, test type, product & service, and end user.
The
market, on the basis of technique, has been segmented into PCR-based
and Microarray techniques, array-based techniques, massively parallel
sequencing, and others.
The
market, by test type, has been segmented into antibody screening, HLA
typing, abo blood tests, cross-matching tests, and antigen typing.
The
market, by products and services, has been segmented into consumables,
instruments, and services. Consumables segment are further segmented
into antisera reagents, red blood cell reagents, anti-human globulin
reagents, and blood bank saline.
The market, by end users, has been segmented into hospitals, blood banks, clinical laboratories, and others.
Global Blood Group Typing Market – Regional Analysis
The
North American region, heading with the presence of a well-developed
healthcare sector would retain its dominance over the global blood group
typing market with the largest market share. The increasing occurrence
of chronic diseases and the high per capita healthcare expenditures
propel the growth in the regional market. This market will create a
substantial revenue pocket throughout the forecast period. Furthermore,
the presence of prominent market players impacts market growth
positively.
The blood group typing market
in the European & Asia Pacific region accounts for the second &
third largest market, respectively. In Europe, the blood group typing
market is growing due to the well-spread awareness towards keeping good
health and the initiatives undertaken by private and public
organizations. Moreover, the growing prevalence of various Hematological
disorders, chronic diseases, and the increasing number of blood
transfusion procedures in the region are fostering market growth.
The
Asia Pacific blood group typing market has been emerging as a promising
market, globally. Factors such as the continuously developing
economies, the rising prevalence of chronic diseases, spreading
awareness towards healthcare, and increasing government funding for the
healthcare sector are fostering the growth of the regional market.
Factors
substantiating growth in the APAC market include the substantial funds
transpired into R&D activities, huge patient population, and rapidly
developing healthcare infrastructure, government support. Furthermore,
increasing healthcare expenditures and favorable government policies,
especially in India and China, are propelling the growth of the market
in the region.
Global Blood Group Typing Market – Competitive Analysis
The
blood group typing market appears to be fragmented and fiercely
competitive due to many large and small players churning the competition
in the market. Through the strategic initiative such as partnership,
expansion, acquisition, product & technology launch, and
collaboration, these players try to gain a competitive edge in the
market.
Key Players:
Some
of the players leading the global blood group typing market are Grifols
International, S. A., Bio-Rad Laboratories, Inc., Beckman Coulter,
Ortho Clinical Diagnostics, Inc., Immucor, Inc., Quotient, Ltd., Bag
Healthcare GmbH, Novacyt Group, Rapid Labs, Agena Biosciences, Inc., AXO
Science, Merck KGaA, and Day Medical SA among others.
Industry, Innovation & Related News
April 08, 2019 ----
Bio-Rad Laboratories, Inc. (the US), a leading global pioneer in the
field of clinical diagnostic products and life science research
announced the receiving a 510(k) clearance from the U.S. FDA for its
automated random access system for blood typing and screening named -
IH-500.
The
IH-500 system is designed for blood typing and screening based on gel
card technology with minimal user intervention across small to
medium-sized laboratories. The system can process Bio-Rad’s entire range
of IH gel cards for ABO blood grouping, reverse testing, phenotype,
Rh-subgroups, antibody screening, antibody identification, single
antigen testing, direct AHG testing (DAT), and cross-match, to deliver
safe and accurate results.
Ref:
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=255743
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Global Blood Group Typing Market
Figure 3 Segmentation Market Dynamics for Global Blood Group Typing Market
Figure 4 Global Blood Group Typing Market Share, by Technique, 2020
Figure 5 Global Blood Group Typing Market Share, by Therapy, 2020
Figure 6 Global Blood Group Typing Market Share, by Product and Service, 2020
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