Industry Background:
Immunohematology is a branch of medicine that studies the antibodies and antigens found in red blood cells (RBCs) as well as blood transfusions and blood banking. Various immunohematology studies include analyzing blood samples for over 230 antigens found in red blood cells (RBCs), which are classified into two categories: polypeptides and carbohydrates. The screening of blood antigens, Rh factor, plasma, and white blood cell components in donor blood is aided by immunohematology. The processing of blood components for transfusion is generally referred to as blood banking. It helps to prevent deaths from transfusion-related diseases including HIV and thalassemia. Increased investment in the construction of blood banks by both public and private entities is a key factor driving market growth. Furthermore, blood banks are gaining popularity and have the ability to boost immunohematology product sales. Antigen-antibody reactions that can cause hemolysis or RBC agglutination are tested in most immunohematology instruments. Leading immunohematology companies are developing technologically advanced immunohematology instruments to improve the accuracy of various tests and services conducted in end-user organizations like laboratories and hospitals.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bio-Rad Laboratories (United States), Immucor, Inc (United States), Grifols S.A. (Spain), Hologic, Inc (United States), Becton Dickinson and Company (United States), Siemens Healthineers (Germany), Thermo Fisher Scientific (United States), Abbott Laboratories (United States), Merck KGaA (Germany) and F. Hoffmann La-Roche Ltd (Switzerland) |
This growth is primarily driven by An Increasing Number of Blood Banks and Trauma Centers in Developed Countries, Increasing Incidence of Trauma and Immunohematological disorders and The rising prevalence rate of various Hematological disorders.
Globally, a noticeable market trend is evident Use of Mono-Clonal Reagents Major Players, such as Bio-Rad Laboratories (United States), Immucor, Inc (United States), Grifols S.A. (Spain), Hologic, Inc (United States), Becton Dickinson and Company (United States), Siemens Healthineers (Germany), Thermo Fisher Scientific (United States), Abbott Laboratories (United States), Merck KGaA (Germany) and F. Hoffmann La-Roche Ltd (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In March 2021, Roche announced a merger with GenMark Diagnostics to expand its molecular diagnostic tests. This strategy will benefit the company in expanding its product portfolio and achieving further growth in the market.
April 2020 - Bio-Rad Laboratories a global leader in life science research and clinical diagnostic products, announced that the company is launching a blood-based immunoassay kit to identify antibodies to the coronavirus SARS-CoV-2, the virus associated with COVID-19
Regulatory Insights:
In the United States, the Food and Drug Administration (FDA) oversees the regulation of immunohematology products. The FDA sets standards and guidelines for blood products, blood transfusions, and tests used in immunohematology, ensuring their safety and effectiveness.
Influencing Trend:
Use of Mono-Clonal Reagents
Market Growth Drivers:
An Increasing Number of Blood Banks and Trauma Centers in Developed Countries, Increasing Incidence of Trauma and Immunohematological disorders and The rising prevalence rate of various Hematological disorders
Challenges:
Need of Specifically Skilled Professionals and Stringent Regulatory Policies
Restraints:
High Costs of Techniques
Opportunities:
Increasing Number of Blood Donation Awareness Programs in Developing Countries, Rising Worldwide Concerns about Medical Safety and Technological Advancements in Immunohematology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Immunohematology Market
- Analysis about New Entrants in Immunohematology Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Immunohematology Study Sheds Light on
The Immunohematology Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Immunohematology industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Immunohematology industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.