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Blood Group Typing Market size surpassed USD 1.5 billion in 2021 and is expected to grow at a CAGR of over 7.5% between 2022-2030. Growing need for blood transfusion procedures and a rising number of road accidents will push the industry growth.
A rise in the number of road accidents and injuries worldwide is projected to accelerate the need for blood group typing consumables and services. Excessive loss of blood is considered to be one of the major causes of death after road accidents and injuries. Globally, hemorrhagic shock has a death rate of 55.9 in every 100,000 individuals. The urgent need to undertake blood transfusion procedures in such instances will boost the demand for blood typing tests and related instruments.
Blood typing plays a crucial role in blood transfusion and donations. It is a fast and easy method used to ensure that the donor and recipient are compatible to avoid any complications. It is extremely vital in pregnant women as incompatible blood transfusion can result in agglutination or blood clumping, which is essentially fatal.
Report Attribute | Details |
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Base Year: | 2021 |
Blood Group Typing Market Size in 2021: | USD 1.5 Billion |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 7.5% |
2030 Value Projection: | USD 3 Billion |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 165 |
Tables, Charts & Figures: | 234 |
Segments covered: | Components, Technique, Test Type, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Rising incidences of Transfusion Transmitted Infections (TTIs) will propel the market revenue. TTI infections such as HIV, hepatitis C virus (HCV), and hepatitis B virus (HBV) are an increasing concern in low-income and lower-middle-income economies.
In terms of the type of components, the blood group typing market share from the instruments segment is anticipated to witness a CAGR of over 9% through 2022-2030. Instruments such as the automated blood grouping machine are used to identify the blood type of an individual by performing a wide variety of tests, such as Rh typing, cross-matching, ABO grouping, and antibody screening. With an increasing number of road accidents and trauma-inducing incidents reported worldwide, the use of blood group typing instruments is expected to soar across healthcare settings.
Based on the type of technique, the blood group typing market is classified into assay-based, next-generation sequencing (NGS), PCR-based & microarray, and others. PCR-based & microarray segment is projected to generate more than USD 1 billion by 2030. The process has widespread application during the screening of rare blood types. High prevalence of chronic conditions such as sickle cell anemia, and leukemia, among others, is anticipated to boost the segment outlook. The Center for Disease Control and Prevention (CDC) estimates that sickle cell anemia or sickle cell disease (SCD) affects nearly 100,000 Americans.
Blood group typing market from antigen typing segment accounted for more than 20% business share in 2021. This type of testing helps medical professionals to detect the presence or absence of corresponding antibodies in patients. The technique is often applied to individuals that need long-term transfusion therapies, helping practitioners to gain insight into the phenotypically compatible units. With the rising prevalence of infectious diseases, the application of antigen typing will gain momentum.
Blood group typing market from blood banks segment is anticipated to exceed USD 540 million by 2030. Over the last decade, the number of blood banks worldwide have increased significantly. For instance, according to the WHO, nearly 13,300 blood centers are spread across 169 countries and reported 106 million donations as of 2022. These centers are focusing on ramping up voluntary blood donations that will drive the need for blood group typing tests.
North America blood group typing market accounted for over 30% revenue share in 2021. The U.S. has a massive footprint of key industry players who are expanding their product portfolio. The presence of federal agencies such as the Food and Drug Administration (FDA) has enabled the commercialization of innovative blood group typing solutions.
are some of the leading companies in blood group typing industry. Development of advanced products and technological upgradation are few of the key focus areas for these firms at present.
For instance, in September 2021, Ortho Clinical Diagnostics added Immediate Spin Crossmatch (ISXM) capabilities to its comprehensive automated testing portfolio including ORTHO VISION MAX, and ORTHO VISION, which are commercially available in the U.S., Japan, and Europe. The upgrade enabled the detection of incompatibility between recipients and donors during blood transfusions.
The COVID-19 pandemic had a slightly negative impact on the blood group typing industry. In the wake of the pandemic, blood donation campaigns were suspended due to the rising concerns associated with the transmission of the virus. The industry came to a standstill after blood banks and transfusion activities slowed down considerably.
Stringent regulations and norms imposed by various public entities such as social distancing, and lockdown were major factors that further led to a drop in voluntary blood donations. For instance, in January 2022, the American Red Cross reported a dramatic blood shortage in the U.S. with a 10% reduction in the number of people donating blood since the beginning of the pandemic.
The blood group typing market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2030 for the following segments: Click here to Buy Section of this Report
By Components
By Technique
By Test Type
By End-use
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