The blood group typing market is projected to reach USD 3.12 Billion by 2021 from USD 1.95 Billion in 2016, at a CAGR of 9.8%. The increasing demand for blood and blood products, growing number of road accidents and trauma cases that necessitate blood transfusion, need for blood grouping during prenatal testing, and increasing usage of blood group typing in forensic sciences are the major factors fueling the growth of this market.
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The market is segmented based on product & service, technique, test type, end user, and region.
The market is segmented into four major regions North America, Europe, Asia, and the Rest of the World. In 2016, North America accounted for the largest share of the market, followed by Europe. North America will continue to dominate the market in the forecast period due to the availability of reimbursement for several surgeries and increasing prevalence of chronic disorders in the region. However, the market in Asia is expected to witness the highest CAGR, with the growth centered on China, Japan, and India.
Premium Insights of Blood Group Typing Industry:
1. Blood Group Typing: Market Overview
2. Geographic Analysis: Blood Group Typing Market, By End User
3. Geographical Snapshot of the Market
4. Blood Group Typing Industry Size, By Technique, 2016 vs 2021
Key Factors Driving Growth In Blood Group Typing Market:
1. Increasing Number of Blood Donations
2. Growing Number of Road Accidents, Emergencies, and Trauma Cases Necessitating Blood Transfusions
3. Increasing Demand for Blood Group Typing in Prenatal Testing
4. Increasing Usage of Blood Group Typing in Forensic Sciences
5. Stringent Regulatory Standards for Blood Transfusion Will Fuel Market Growth
Target Audience of Blood Group Typing Market:
1. Manufacturers of blood group typing products
2. Vendors and distributors of blood group typing products
3. Hospitals and clinics
4. Blood banks
5. Research institutes
6. Venture capitalists and investors
Blood Group Typing Industry, by Product & Service:
1. Consumables
2. Instruments
3. Services
Blood Group Typing Industry, by Technique
1. PCR-based and Microarray Techniques
2. Assay-based Techniques
3. Massively Parallel Sequencing Techniques
4. Other Techniques
Blood Group Typing Industry, by Test Type
1. Antibody Screening
2. HLA Typing
3. Cross-matching Tests
4. ABO Blood Tests
5. Antigen Typing
Key players in the Blood Group Typing Industry include Bio-Rad Laboratories, Inc. (U.S.), Grifols, S.A. (Spain), Immucor, Inc. (U.S.), Ortho Clinical Diagnostics, Inc. (U.S.), Quotient, Ltd. (U.S.), Novacyt Group (France), BAG Healthcare GmbH (Germany), Rapid Labs (U.K.), Day medical SA (Switzerland), DIAGAST (France), and AXO Science (France).
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Bio-Rad Laboratories, Inc. was the largest player in the market in 2015 with its strong product portfolio for blood group typing. The company focuses on acquisitions to strengthen its position in the market. For instance, in February 2015, Bio-Rad Laboratories acquired GnuBIO Inc. (U.S.). This acquisition helped the company to expand its blood group typing portfolio. Such acquisitions enabled the company to increase its product portfolio in the market. The company is also focused on expansion activities to increase its global presence.
The key strategies followed by most companies in the market are product launches and acquisitions.
