Blood Group Typing Global Market To Reach Value Of About $3.6 Billion In 2025

1 Jun, 2021

The blood group typing market consists of sale of blood group typing products and related services by entities (organizations, sole traders and partnerships) that provide blood group type details that are derived from certain tests. Blood group typing is a method that tells the type of blood a person has and it is done so that a person can safely donate blood or receive a blood transfusion.

Global Blood Group Typing Market Size And Drivers:

The global blood group typing market is expected to grow from $2.08 billion in 2020 to $2.34 billion in 2021 at a compound annual growth rate (CAGR) of 12.37%. The growth is mainly due to the rise in blood transfusions, cross-match testing and prenatal testing, and technology advancements in blood testing reagents and instruments. The blood group typing market is expected to reach $3.59 billion in 2025 at a CAGR of 11.28%. Increase in blood donations increased the demand for blood group typing so that the donor can know what type of blood they have.

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Trends In The Global Blood Group Typing Market

Technological advancements such as automated technologies for blood typing are gaining traction in the blood group typing market. Major companies in the market are focusing on introduction of new type of tests based on innovative techniques that offer results in low turn-around time, with improved accuracy and efficiency. For instance, in January 2019, Grifols S.A secured clearance from the US Food and Drug Administration (FDA) for its fully-automated analyzer Erytra Eflexis. The system is designed to test pre-transfusion compatibility utilizing the DG Gel technology.

Global Blood Group Typing Market Segments:
The global blood group typing market is further segmented based on type and geography.
By Test Type: Antibody Screening, Cross-Matching Tests, ABO Tests, Antigen Typing, HLA Typing
By Product: Instruments, Reagents And Kits
By Techniques: Serology Tests, Molecular Tests
By End User: Hospital Based Laboratories, Independent Laboratories And Blood Banks
By Geography: The global blood group typing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the blood group typing market in 2020.

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Blood Group Typing Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides blood group typing market overviews, analyzes and forecasts market size and growth for the global blood group typing market, blood group typing market share, blood group typing market players, blood group typing market segments and geographies, blood group typing market’s leading competitors’ revenues, profiles and market shares. The blood group typing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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