Worldwide Blood Group Typing Market Ready to Set outstanding Growth from 2018 to 2023
Added: (Wed Jan 30 2019)
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Blood group typing is a type of test that is used to determine the blood group. It is determined by the type of antigens present on the blood group. Blood group typing is a prerequisite for blood transfusion to examine the compatibility between the donor and the recipient blood groups. Blood cancer patients need a frequent blood transfusion which in turn requires blood group typing. The rising demand for blood and blood products, increasing prevalence of road accidents and trauma cases that make blood transfusion necessary, need for knowing the blood group for prenatal testing, and rising usage of blood group typing in forensic sciences are the factors driving the growth in this market. On the other hand, stringent government rules for blood transfusion, lack of skilled and trained blood transfusion professionals may hinder the growth of the market during the forecast period.
The global blood group typing market is currently dominated by many market players. The prominent players in the market are engaged in frequent new product launches and strategic collaborations to strengthen its market position. For instance, in October 2016, Bio-Rad laboratories got an approval from the US Food and Drug Administration (FDA) for its IH-1000 blood equipment.
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Key Players for Global Blood Group Typing Market
Market Research Future (MRFR) recognizes the following companies as the key players in Blood Group Typing Market: There are plenty of large and small market players which operate in this market all over the globe.
Some of the prominent players in the Global Blood Group Typing Market are Bio-Rad Laboratories, Grifols International S. A., Beckman Coulter, Immucor Inc., Ortho Clinical Diagnostics Inc., Quotient Ltd., Novacyt Group, Bag HealthCare GmbH, Rapid Labs, AXO Science, Agena Biosciences Inc., Day Medical S. A., Merck KGaA, and others.
Segments for Global Blood Group Typing Market
The global blood group typing market has been segmented into technique, test type, product & service, and end user.
The market, on the basis of technique, has been segmented into PCR-based and Microarray techniques, array-based techniques, massively parallel sequencing, and others.
The market, by test type, has been segmented into antibody screening, HLA typing, abo blood tests, cross-matching tests, and antigen typing.
The market, by products and services, has been segmented into consumables, instruments, and services. Consumables segment are further segmented into antisera reagents, red blood cell reagents, anti-human globulin reagents, and blood bank saline.
The market, by end users, has been segmented into hospitals, blood banks, clinical laboratories, and others.
Regional Analysis for Global Blood Group Typing Market
Geographically, the Americas is anticipated to dominate the global blood group typing market owing to a well-developed healthcare sector, rising prevalence of chronic diseases, increasing number of organ transplant, increasing number of blood donations, and presence of different reimbursement schemes for several surgeries. As per the National Kidney Foundation, about 121,678 patients in the US were on the waiting list to receive organs for transplant in 2016.
Europe is expected to hold the second largest position in the global blood group typing market. The market growth in this region is attributed to the rising prevalence of chronic diseases such as cancer along with various Hematological disorders and increasing number of blood transfusion due to road accidents. According to the Office for National Statistics, about 8,208 people were diagnosed with leukemia in England in 2016.
The blood group typing market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. Asia-Pacific is anticipated to be the fastest growing region in the market due to continuously developing economies, rising prevalence of diseases, growing awareness about blood donations, and increasing government funding for the healthcare sector.
On the other hand, the Middle East & Africa has the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to a well-developed healthcare sector and growing government initiatives for the healthcare sector.
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