Blood Group Typing Market Size, Share, Industry Trends and Forecast to 2030

Blood Group Typing Market Size & CAGR in 2021

The global blood group typing market is projected to have a CAGR of 4.2% from 2021 to 2026, with the market expected to reach USD 7.5 billion by the end of the forecast period. The increasing prevalence of chronic diseases, rising demand for blood and blood products, and advancements in technology are driving the growth of the market.

COVID-19 Impact on the Blood Group Typing Market

The COVID-19 pandemic has had a mixed impact on the blood group typing market. While there has been a surge in demand for blood and blood products due to the increased need for transfusions in critical COVID-19 patients, there have also been disruptions in blood donation drives and blood typing services. The market has had to adapt to the changing landscape by implementing safety measures and adopting telemedicine solutions.

Blood Group Typing Dynamics

The blood group typing market is continuously evolving with advancements in technology, increasing awareness about the importance of blood typing, and the development of innovative products and services. The market is driven by the rising prevalence of chronic diseases, the growing need for blood transfusions in surgical procedures, and the expanding geriatric population.

Segments and Related Analysis

The blood group typing market can be segmented based on techniques, products, end-users, and regions. Techniques include PCR-based and serology-based typing, products include reagents and instruments, end-users include hospitals, blood banks, and clinical laboratories. Regionally, North America dominates the market, followed by Europe and Asia Pacific.

By Region Analysis

North America holds the largest share of the global blood group typing market, driven by the presence of advanced healthcare infrastructure, high healthcare expenditure, and the increasing prevalence of chronic diseases. Europe follows closely, with the Asia Pacific region showing significant growth potential due to rising healthcare investments and a growing patient population.

Key Market Players and Competitive Landscape

Key players in the blood group typing market include Bio-Rad Laboratories, Inc., Grifols, Ortho Clinical Diagnostics, Immucor, Inc., and Quotient Ltd. These companies are focusing on strategic collaborations, product launches, and acquisitions to strengthen their market position and expand their product portfolios.

Recent Happenings in the Blood Group Typing Market

In recent news, Bio-Rad Laboratories announced the launch of a new blood typing system that offers improved accuracy and efficiency in blood group testing. Grifols expanded its presence in the blood typing market through the acquisition of a leading diagnostic company. These developments reflect the ongoing innovation and competition in the blood group typing market.