Global Blood Group Typing Market to Grow at a CAGR of 9.1% During 2024-2032, Driven by The Increasing Awareness of Blood Donation and The Rising Number of Blood Banks

North America accounts for a significant share of the market due to the presence of leading healthcare companies and the US government’s massive investment in healthcare facilities. The amount spent on healthcare in the United States increased by 2.7% in 2021 to USD 4.3 trillion, or USD 12,914 per person. Healthcare spending made up 18.3 per cent of the country’s gross domestic product.

According to US government publications, one or more chronic diseases, such as diabetes, cancer, heart disease, or stroke, affect six out of ten Americans. An estimated 42% of adult Americans are obese, and about 30% are overweight; thus, they have to go through pathological testing frequently. Additionally, being the largest economy in the world, the growth in per capita income and consumer awareness towards health further contribute to the blood group typing market expansion.

Continuous innovation in product development further bolsters the market growth. In October 2022, as part of an exclusive agreement, Bio-Rad Laboratories, Inc. (NYSE: BIO) and the South African National Blood Service (SANBS) announced that they substantially completed the rollout of Bio-Rad's IH-500 immunohematology systems across the SANBS network of transfusion medicine laboratories.

Transfusion medicine laboratories can rely on the IH-500, a fully automated random-access platform for blood type and screening, to deliver prompt, dependable results around the clock. In collaboration with SANBS, Bio-Rad deployed its IH-500 systems throughout the organisation’s network of eighty-six laboratories and blood banks, allowing for consistent and high-quality lab testing throughout the provinces that depend on SANBS to supply South Africans with blood products and services.

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Market Analysis by Offering, Technique, Test Type, End-Use, and Region:

• The market, on the basis of offering, can be divided into consumables, instruments, and services.

• Based on technique, the market can be divided into PCR-based and microarray techniques, assay-based techniques, and massively parallel sequencing, among others.

• The different test types for blood group typing include antibody screening, HLA typing, ABO blood tests, cross-matching tests, and antigen typing.

• Based on end-use, the market can be bifurcated into hospital-based laboratories and independent laboratories and blood banks.

• The regional markets for blood group typing include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Technological advancements in blood group typing, such as the flow cytometry method, in which antibodies labelled with fluorescence are used to identify antigen expression variants and red blood cell antigens, and effective typing techniques, such as molecular approaches, propel the blood group typing market growth.

• The increasing awareness of blood donation and the rising number of blood banks in the world aid the market. Voluntary blood donation programmes by governments and organisations around the world such as the launch of the “eBloodServices” app by the Indian Red Cross Society further contribute to the market.

• The growth of medical tourism drives the market as increased movement of patients necessitates blood testing to ensure the safety of the population.

• The rising prevalence of chronic diseases and blood group typing needs during pregnancy positively contributes to the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global blood group typing market for the periods (2017-2023) and (2024-2032).

• The report also offers the historical (2017-2023) and forecast (2024-2032) markets for the offerings, techniques, test types, end-uses, and major regions of blood group typing.

• The market report also analyses the trade data by covering the major importing and exporting countries.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global blood group typing market are Grifols, S.A., Bio-Rad Laboratories, Inc., Immucor, Inc., Beckman Coulter, Inc., and BAG Diagnostics GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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