Global Blood Group Typing Market 2019-2023

The global blood group typing market size will grow USD 1.36 billion during 2019-2023. This report provides a detailed analysis of the market based on segmentation by product (consumables, instruments, and software) and geography (Asia, Europe, North America, and ROW). The report also analyzes the market’s competitive landscape and offers information on several blood group typing companies including Agena Bioscience, Bio-Rad Laboratories, Danaher, Merck KGaA, and Ortho Clinical Diagnostics.

Some of the key findings from this blood group typing market forecast report are summarized below

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Global blood group typing industry overview

Biotechnology and healthcare companies are focusing on the development of new technologies and products for analyzing the molecular level of blood group typing. For instance, the flexible DNA microarray platform helps blood banks to offer extensive screening at low costs by allowing blood sample and genotype processing. Companies are also developing products which enable efficient blood testing workload management thereby helping them to increase their market share. For instance, the PreciseType HEA Test developed by Immucor has received US FDA approval and is used for sickle cell trait (SCT) screening in blood donors. The increasing R&D activities and product innovations related to the analysis of the molecular level of blood group typing are driving the growth of the market.

Lack of proper blood service infrastructure, inadequate staff, and risk of transmissible diseases such as HCV, HIV, hepatitis B (HBV), and syphilis have resulted in an increasing focus on blood safety. The regulatory bodies are developing and implementing national blood policies to ensure universal access to safe blood. The FDA scientists are developing sensitive donor screening tests to detect emerging diseases and potential bioterrorism agents in blood donations. Also, the regulatory body is working to keep adequate blood inventories ready in case of emergencies with the help of various blood organizations and government agencies. This growing government assistance pertaining to blood safety is identified as a key trend that will boost blood group typing market growth at a CAGR of almost 10% during the forecast period.

Top blood group typing companies covered in this market research report

The global blood group typing market is moderately concentrated and as the market is in its growth phase, the competition among companies is intense. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this blood group typing market analysis report suggests strategies companies can follow and recommends key areas they should focus on, in order to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies including:

• Agena Bioscience
• Bio-Rad Laboratories
• Danaher 
• Merck KGaA
• Ortho Clinical Diagnostics

Blood group typing market segmentation based on product

• Consumables
• Instruments
• Software

The consumables segment will account for the highest share in the blood group typing market. The increasing use of serological reagents, fluids, and consumables in laboratories has contributed to the growth of the market. High blood donation rates have resulted in increased blood sample analysis which, in turn, has boosted the demand for consumables in the blood group typing market.

Blood group typing market segmentation based on geographic region

• Asia
• Europe
• North America
• ROW

With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the highest growth of the blood group typing market throughout the forecast period. The presence of several vendors offering blood group typing consumables, software, and instruments is identified as one of the major factors driving market growth in this region.

Key highlights of the global blood group typing market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the blood group typing market during the next five years
• Precise estimation of the global blood group typing market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the blood group typing industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of blood group typing companies 

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