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Blood Group Typing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The blood group typing market is segmented by product (Instruments, Consumables, and Services ), technique, test type, end-user, and geography

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Market Snapshot

Blood Typing
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 9.5 %

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Market Overview

The major factors for the growth of the blood group typing market include the increasing demand for blood group typing in prenatal testing, a growing number of road accidents, emergencies, and trauma cases necessitating blood transfusions, and rising number of blood donations.

The blood group typing is done to safely donate the blood or receive a blood transfusion. It is also done to see if a person has a substance called Rh factor on the surface of red blood cells. There is a huge demand for blood typing products in the market owing to the rising road accidents and blood transfusions. For instance, according to Germany's Federal Statistics Office (Destatis) in 2019, 3,059 people were killed in road traffic accidents in Germany. In the case of the road accidents, there is a huge loss of blood and hence those patients require an immediate blood transfusion. Thus, the above-mentioned factors are expected to boost the growth of the market over the forecast period.

Scope of the Report

As per the scope of this report, blood group typing is a classification of blood, based on the presence and absence of antibodies and inherited antigenic substances on the surface of red blood cells. The market is segmented by product, technique, test type, end user, and geography.

By Product
Instruments
Consumables
Services
By Technique
PCR-based and Microarray
Assay-based
Massively Parallel Sequencing
Other
By Test Type
Antibody Screening
HLA Typing
Cross-matching Tests
ABO blood Tests
Other
By End User
Hospitals
Blood Banks
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Blood Banks are expected to Witness Healthy Growth Over the Forecast Period

Every year, nearly five million Americans need blood transfusions. An estimated 43,000 units of donated blood are used each day in the United States. Blood banks play a critical role by storing blood for future use. Also, blood banks carefully screen donated blood to keep blood safe. Blood transfusions sometimes cause transfusion reactions, therefore extensive precautions are taken before any blood transfusion in order to prevent infections from happening. After that, the blood type of the unit is checked many times, and the unit is carefully matched to ensure that it matches the blood type and Rh factor of the person who will receive it by both the nurse and blood bank lab technician. Thus, the market is expected to witness high growth. A number of tests are generally performed in blood bank before blood transfusion which includes screening for antibodies that may produce adverse effects if transfused, screening for possible infectious agents, ABO group and Rh type, screening for blood-group antibodies, and serologic tests. With the rising trend of blood donation out of social concern, the importance of blood group typing is also likely to grow.

Blood Group Typing Market 5

North America is Expected to Hold Largest Market Share over the Forecast Period

An increase in the number of road accidents and rising prevalence of chronic diseases are the major factors driving the growth of the market studied. According to the Association for Safe International Road Travel, more than 38,000 people die every year in crashes on U.S. roadways. The U.S. traffic fatality rate is 12.4 deaths per 100,000 inhabitants. Furthermore, road crashes cost the U.S. more than USD 380 million in direct medical costs. This is expected to augment the demand for blood group typing market over the forecast period. 

Furthermore, there is an increasing demand for blood transfusion in the United States. As per the estimates of the American National Red Cross, approximately 36,000 units of red blood cells are needed every day, and nearly 21 million blood components are transfused each year in the United States. In all of the above cases there is a huge need of blood typing and rising in the number of such cases will boost the growth of the market.

Blood Group Typing Market - Growth Rate by Region - Image

Competitive Landscape

The market studied is a fragmented owing to the presence of various market players. Some of the market players are Agena Bioscience, Inc., Beckman Coulter, Bio-Rad Laboratories, Inc., DAY MEDICAL SA, Grifols, S.A., Immucor, Inc., Merck KGaA, Quotient, Ltd., and Thermo Fisher Scientific

Blood Group Typing Market 3

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for Blood Group Typing in Prenatal Testing

      2. 4.2.2 Growing Number of Road Accidents, Emergencies, and Trauma Cases Necessitating Blood Transfusions

      3. 4.2.3 Rising Number of Blood Donations

    3. 4.3 Market Restraints

      1. 4.3.1 Poor Blood Service Infrastructure

      2. 4.3.2 Lack of Awareness and Skilled Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Instruments

      2. 5.1.2 Consumables

      3. 5.1.3 Services

    2. 5.2 By Technique

      1. 5.2.1 PCR-based and Microarray

      2. 5.2.2 Assay-based

      3. 5.2.3 Massively Parallel Sequencing

      4. 5.2.4 Other

    3. 5.3 By Test Type

      1. 5.3.1 Antibody Screening

      2. 5.3.2 HLA Typing

      3. 5.3.3 Cross-matching Tests

      4. 5.3.4 ABO blood Tests

      5. 5.3.5 Other

    4. 5.4 By End User

      1. 5.4.1 Hospitals

      2. 5.4.2 Blood Banks

      3. 5.4.3 Others

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle-East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle-East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Agena Bioscience, Inc.

      2. 6.1.2 Beckman Coulter

      3. 6.1.3 Bio-Rad Laboratories, Inc.

      4. 6.1.4 DAY MEDICAL SA

      5. 6.1.5 Grifols, S.A.

      6. 6.1.6 Immucor, Inc.

      7. 6.1.7 Merck KGaA

      8. 6.1.8 Quotient, Ltd.

      9. 6.1.9 Thermo Fisher Scientific

      2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Blood Group Typing Market market is studied from 2018 - 2026.

The Blood Group Typing Market is growing at a CAGR of 9.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Agena Bioscience, Inc., Beckman Coulter, Bio-Rad Laboratories, Inc., Grifols, S.A., Immucor, Inc. are the major companies operating in Blood Group Typing Market.

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