The Blood Group Typing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).


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According to The Business Research Company’s Blood Group Typing Global Market Report 2024, The blood group typing market size has grown rapidly in recent years. It will grow from $2.76 billion in 2023 to $3.15 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to expansion in blood donation drives, aging population, rise in healthcare infrastructure development, rise in clinical trails.

The blood group typing market size is expected to see rapid growth in the next few years. It will grow to $5.18 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to increasing demand for blood and blood-related products, rising prevalence of chronic diseases, rising road accidents, rise in healthcare spending. Major trends in the forecast period include automation and high-throughput systems, data integration, public health initiatives, technological innovations.

The increase in number of blood donations and transfusions drove the blood group typing market during the historic period. Different non-profit organizations, government organizations and other agencies are emphasizing the importance of blood donations and transfusions and spreading awareness through various campaigns. An increase in blood donations increased the demand for blood group typing so that the donor can know what type of blood they have. For instance, according to a report by the WHO in 2022, in high-income nations, which are home to 16% of the world's population, blood donations account for 40% of the 118.5 million donations that are made worldwide. Moreover, children under the age of five receive up to 54% of blood transfusions in low-income nations, compared to patients over 60 who receive up to 76% of transfusions in high-income countries. The increase in the number of blood donations and transfusions thereby contributed to the growth of the blood typing market.

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The blood group typing market market covered in this report is segmented –

1) By Test Type: Antibody Screening, Cross-Matching Tests, ABO Tests, Antigen Typing, HLA Typing
2) By Product: Instruments, Reagents And Kits
3) By Techniques: Serology Tests, Molecular Tests
4) By End User: Hospital Based Laboratories, Independent Laboratories And Blood Banks

Technological advancements such as automated technologies for blood typing gaining traction in the blood group typing market. Major companies in the market are focusing on introducing new types of tests based on innovative techniques that offer results in low turn-around time, with improved accuracy and efficiency. In September 2021, Ortho Clinical Diagnostics, a US-based in vitro diagnostics company, launched Immediate Spin Crossmatch (ISXM). ISXM is a serological test used in blood transfusions to identify ABO blood type mismatch between donor red blood cells and receiver serum or plasma. This new menu feature expands Ortho's complete automated testing offering with the addition of ISXM.

The blood group typing market report table of contents includes:

1. Executive Summary
2. Blood Group Typing Market Characteristics
3. Blood Group Typing Market Trends And Strategies
4. Blood Group Typing Market - Macro Economic Scenario
5. Global Blood Group Typing Market Size and Growth
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31. Global Blood Group Typing Market Competitive Benchmarking
32. Global Blood Group Typing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Blood Group Typing Market
34. Blood Group Typing Market Future Outlook and Potential Analysis
35. Appendix


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