Blood Group Typing Market Scope
The blood group typing service providers are highly fragmented across the globe and some of the major manufacturers have used various strategies including strategic alliances with other brands such as a merger, acquisition, joint venture or partnership as well as new product launches, expansions, and many others to gain a competitive edge in the market. Moreover, the growing number of blood group typing service provides will further generate significant degree competition in a `moderately competitive environment and The increasing demand for blood and blood products, a 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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Billion) |
Key Companies Profiled | Bio-Rad Laboratories Inc. (United States), Beckman Coulter Inc. (Danaher) (United States), Grifols, S.A. (Spain), Immucor, Inc. (United States), Merck KGaA (Germany), Novacyt Group (France), Quotient Ltd. (United Kingdom), Ortho Clinical Diagnostics (United States), Bag Health Care GmbH (Germany) and Rapid Labs Ltd (United Kingdom) |
CAGR | 9.9% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Blood Group Typing market throughout the predicted period.
Bio-Rad Laboratories Inc. (United States), Beckman Coulter Inc. (Danaher) (United States), Grifols, S.A. (Spain), Immucor, Inc. (United States), Merck KGaA (Germany), Novacyt Group (France), Quotient Ltd. (United Kingdom), Ortho Clinical Diagnostics (United States), Bag Health Care GmbH (Germany) and Rapid Labs Ltd (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are AXO Science (France), Agena Bioscience Inc. (United States), Day Medical SA (Switzerland) and DIAGAST (France).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Blood Group Typing market by Type , by Application (Hospitals, Clinical Laboratories, Blood Banks and Other End Users) and Region with country level break-up.
On the basis of geography, the market of Blood Group Typing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2019, a global leader of life science research and clinical diagnostic products ‘Bio-Rad Laboratories, Inc.’ has announced that its QXDx AutoDG ddPCR System, which uses Bio-Rad’s Droplet Digital PCR technology, and the QXDx BCR-ABL %IS Kit are the industry’s first digital PCR products to receive the United States Food and Drug Administration (FDA) clearance. In the integration of both the systems from Bio-Rad’s system and the kit has enabled the company to provide precise and reproducible monitoring of molecular response to treatment in patients with chronic myeloid leukemia (CML).
In March 2024 Labcorp a global leader of innovative and comprehensive laboratory services, and OPKO Health, Inc. (Nasdaq: OPK), a multinational biopharmaceutical and diagnostics company, announced today that they have entered into an agreement for Labcorp to acquire select assets of BioReference Health, a wholly owned subsidiary of OPKO Health.
Influencing Trend:
Introduction to Technologically Advanced Blood Typing Methods with Minimal Side Effects and Growing Adoption of Blood Transfusion Techniques
Market Growth Drivers:
Rising Utilization of Blood Group Typing in Forensic Science and Growing Applications as well as Need for Blood Typing with respect to Increased Trauma Cases and Road Accidents
Challenges:
Highly Skilled and Experienced Workforce are required for Sensitive Treatments and Mistakes or Errors in Blood Group Typing might cause Numerous Side Effects and even Death
Restraints:
Lack of Awareness and Healthcare Infrastructure in the Underdeveloped Regions and Complex Blood Incompatibility/Compatibility Test
Opportunities:
Growing Awareness about Blood Donations Leading to Increased Blood Donators and Simplified Blood Group Typing Techniques
Key Target Audience
Blood Group Typing Service Providers, Blood Group Typing Service Downstream Buyers, Healthcare Industry Associations, Government Agencies, Research and Development Institutes and Others