The Blood Group Typing Market should see a stand-out year in 2020 | Fortune Business Insights™

Pune, India -- (SBWire) -- 10/14/2020 --The global blood group typing market size is projected to reach USD 2.68 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period. Rising prevalence of anemia worldwide is set to fuel the growth of this market, shares Fortune Business Insights™ in its report, titled "Blood Group Typing Market Size, Share & Industry Analysis, By Product (Instruments, and Reagents & Kits), By Test Type (ABO Tests, Antigen Typing, Antibody Screening, Cross-matching Tests, and HLA Typing), By Techniques (Serology Tests, and Molecular Tests), By End User (Hospital-based Laboratories, and Independent Laboratories & Blood Banks), and Regional Forecast, 2020-2027".

World Health Organization (WHO) data reveals that nearly 1.62 billion people, or 24.8% of the global population, are affected by anemia. Anemia is the deficiency of healthy red blood cells (RBCs) in the body, which leads to lack of oxygen supply to the organs. As a result, anemic people need to undergo regular blood transfusion exercises to maintain a stable RBC count in the body. Blood transfusion process requires blood typing tests to ensure compatibility between the donor's and recipient's blood type. Thus, growing incidence of anemia and the subsequent rising demand for blood transfusion will lead the blood group typing market trends in the foreseeable future.

Highlights of the Report:

In-depth analysis of various insights, namely, Blood Group Typing Market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and Blood Group Typing Market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.

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Key Players Operating in The Blood Group Typing Market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Agena Bioscience
Beckman Coulter, Inc.
Merck KGaA
Bio-Rad Laboratories, Inc.
Ortho Clinical Diagnostics
Immucor, Inc.
QUOTIENT
Grifols, S.A.
Market Restraint

Fears Arising from Covid-19 Pandemic to Severely Affect Blood Collection Globally

Voluntary blood donations are a prerequisite for patients suffering from chronic blood disorders as a higher stock of blood samples increases the probability of finding matching blood types for such individuals. Unfortunately, the COVID-19 outbreak has led to a drastic decline in voluntary blood donations across the globe, resulting from fears associated with the safety standards of the equipment used and imposition of lockdowns in most countries. Health systems in many countries have begun sounding alarm bells as existing stock of blood has started falling. For instance, the UK's National Health Service (NHS) reported in March 2020 that voluntary donations fell by 15%. Similarly, in India, the Rotary Blood Bank and the Indian Red Cross Society declared that they were facing a shocking 80% shortfall of blood collection. Such sudden dips in blood donations are likely to have unfathomable effects on the patients suffering from diseases such as thalassemia and hemophilia, which require regular blood transfusions. Since the efficacy of blood typing mechanisms is heavily dependent on blood donations, a fall in these activities will negatively impact the blood group typing market growth.

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Regional Analysis

North America to Lead the Market Supported by Rapid Adoption of Advanced Blood Typing Tests

With a market size of USD 572.0 million, North America is set to dominate the blood group typing market share during the forecast period. This is mainly attributable to the high adoption rate of advanced blood typing tests and methods in the region. Additionally, players operating in the region are provided adequate regulatory support, which has created conducive environment for innovation in the healthcare sector. Europe is anticipated to register an impressive CAGR on account of rising demand for safe blood transfusion techniques, while Asia-Pacific is slated to showcase considerable growth owing to increasing prevalence of chronic conditions such as anemia.

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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Technological Advancements in Blood Group Typing Techniques
Number of Blood Donations, For Key Country/Region,2019
Number of Blood Transfusion, For Key Country/ Region, 2019
Key Industry Developments - Mergers, Partnership, Acquisitions
Global Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Instruments
Reagents & Kits
Market Analysis, Insights and Forecast – By Test Type
ABO Tests
Antigen Typing
Antibody Screening
Cross-matching Tests
HLA Typing
Market Analysis, Insights and Forecast – By Techniques
Serology Tests
Molecular Tests
Market Analysis, Insights and Forecast – By End User
Hospital-based Laboratories
Independent Laboratories & Blood Banks
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia pacific
Latin America
Middle East & Africa
North America Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Instruments
Reagents & Kits
Market Analysis, Insights and Forecast – By Test Type
ABO Tests
Antigen Typing
Antibody Screening
Cross-matching Tests
HLA Typing
Market Analysis, Insights and Forecast – By Techniques
Serology Tests
Molecular Tests
Market Analysis, Insights and Forecast – By End User
Hospital-based Laboratories
Independent Laboratories & Blood Banks
Market Analysis, Insights and Forecast – By Country
S.
Canada
Europe Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Instruments
Reagents & Kits
Market Analysis, Insights and Forecast – By Test Type
ABO Tests
Antigen Typing
Antibody Screening
Cross-matching Tests
HLA Typing
Market Analysis, Insights and Forecast – By Techniques
Serology Tests
Molecular Tests
Market Analysis, Insights and Forecast – By End User
Hospital-based Laboratories
Independent Laboratories & Blood Banks
Market Analysis, Insights and Forecast – By Country/Sub-region
K.
Germany
France
Spain
Italy
Scandinavia
Rest of Europe
Asia pacific Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Instruments
Reagents & Kits
Market Analysis, Insights and Forecast – By Test Type
ABO Tests
Antigen Typing
Antibody Screening
Cross-matching Tests
HLA Typing
Market Analysis, Insights and Forecast – By Techniques
Serology Tests
Molecular Tests
Market Analysis, Insights and Forecast – By End User
Hospital-based Laboratories
Independent Laboratories & Blood Banks
Market Analysis, Insights and Forecast – By Country/Sub-region
Japan
China
India
Australia
Southeast Asia
Rest of Asia Pacific
Latin America Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Instruments
Reagents & Kits
Market Analysis, Insights and Forecast – By Test Type
ABO Tests
Antigen Typing
Antibody Screening
Cross-matching Tests
HLA Typing
Market Analysis, Insights and Forecast – By Techniques
Serology Tests
Molecular Tests
Market Analysis, Insights and Forecast – By End User
Hospital-based Laboratories
Independent Laboratories & Blood Banks
Market Analysis, Insights and Forecast – By Country/Sub-region
Brazil
Mexico
Rest of Latin America
Middle East & Africa Blood Group Typing Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Instruments
Reagents & Kits
Market Analysis, Insights and Forecast – By Test Type
ABO Tests
Antigen Typing
Antibody Screening
Cross-matching Tests
HLA Typing
Market Analysis, Insights and Forecast – By Techniques
Serology Tests
Molecular Tests
Market Analysis, Insights and Forecast – By End User
Hospital-based Laboratories
Independent Laboratories & Blood Banks
Market Analysis, Insights and Forecast – By Country/Sub-region
GCC Countries
South Africa
Rest of Middle East & Africa
Continued...