Blood Group Typing Market Trends, Growth Drivers and Forecast Report 2024

New York, United States, 2019-Aug-08 — /EPR Network/ — The global blood group typing market is expected to grow significantly during the forecast period. The major driving force behind this growth are the increase in the use of blood group typing in forensic science; need for grouping of the blood during pregnancy and prenatal testing; growth in the number of road accidents and trauma cases that requires blood transfusion; increase in the demand of blood and blood products; and rise in blood donation. Blood group typing is very crucial for the detection of hemolytic disease of the newborn (HDN) in pregnant women which eventually stimulates the usage of blood group typing, hence causing the growth of the global market.

Regulatory standards for the blood transfusion are stringent as it is a very crucial process. Stringent regulatory requirements hinder the growth of the global blood group typing market. Other key factor restraining the growth of the global market is lack of trained and skilled professionals which can cause misleading transfusion.

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The development of novel molecular diagnostic tools which helps in reliable and rapid identification of blood groups in large samples is expected to provide abundant opportunities to the market players.

North America held the largest share in the global blood group typing market in 2016, followed by Europe. It was the prominent market for the blood group typing products and services. The reasons of the dominance of North America is the presence of different reimbursement schemes for several surgeries and prevalence of chronic diseases. Asia-Pacific blood group typing market is expected to witness the fastest growth during the forecast period with the growth centered at China, Japan, and India.

Bio-Rad Laboratories, Inc., Immucor, Inc., Quotient Limited, BAG Health Care GmbH, DAY medical SA, Grifols S.A., Ortho Clinical Diagnostics, Inc., Novacyt Group, DIAGAST, AXO Science, and Agena Bioscience, Inc. are some key players in the global blood group typing market.

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