Blood Group Typing Market Set to Cross USD 4.56 billion by 2032, Driven by 7.5% CAGR

Blood Group Typing Market Size Worth $4.56 Billion By 2032 | CAGR: 7.5%


The global blood group typing market size is expected to reach USD 4.56 billion by 2032, according to a new study by Polaris Market Research. The report “Blood Group Typing Market Share, Size, Trends, Industry Analysis Report, By Test Type (HLA Typing, ABO Blood Test, Antibody Screening, Cross-matching Tests, Antigen Typing); By Product Type; By Technique; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Blood group typing is a crucial laboratory procedure that classifies blood into four main types - A, B, AB, or O, and identifies the presence of the Rh factor. This test is essential for safe transfusions and determining compatibility between blood donors and recipients.

The growth of the blood group typing market is driven by various factors, including the increasing prevalence of accidents, emergencies, and trauma, as well as the rising demand for prenatal testing. Early screening, safe transfusions, and adoption in forensic sciences further boost the market. However, challenges such as limited awareness, inadequate healthcare infrastructure, and a shortage of skilled professionals can hinder the sales of blood bank reagents, potentially impacting market growth.

In 2021, the World Health Organization reported concerning anemia prevalence rates of 48.2% in children and 12.8% in men, indicating a potential rise in blood disorders worldwide. This trend suggests an increased demand for early diagnosis and treatment, with blood playing a pivotal role. As a result, there will likely be an escalated demand for blood group typing, which is expected to fuel the growth of the market.

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The market for blood typing presents a significant opportunity in modern healthcare. The demand for blood transfusions is increasing due to the rising cases of accidents, surgeries, and chronic diseases. Therefore, accurate blood typing is paramount. With advancements in molecular techniques like PCR and NGS, blood typing accuracy is being revolutionized. Personalized medicine, where treatments are tailored to an individual's blood type, is a burgeoning field. The application of blood typing in prenatal testing and forensics is also expanding, offering new avenues for growth. As healthcare infrastructure improves in emerging markets, the demand for precise blood typing technologies is expected to surge. This indicates a promising outlook for the blood typing market.

Blood Group Typing Market Report Highlights

  • The consumables segment accounted for the largest market share in 2022, owing to an increase in surgical procedures
  • The ABO blood test segment is expected to witness the highest growth during the forecast period, due to increasing trauma cases, and accidents
  • Assay-based techniques segment held a significant market revenue share in 2022,
  • North America region dominated the market with a majority share in 2022, owing to exponential growth in the technology and advanced healthcare infrastructure
  • The global key market players include Bio-Rad Laboratories, Inc., Danaher Corporation, Grifols International S.A, Merck KGaA (Merck Millipore), Ortho Clinical Diagnostics, Inc.

Polaris Market Research has segmented the blood group typing market report based on product type, test type, technique, and region:

Blood Group Typing, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Instruments
  • Consumables
  • Services                                  

Blood Group Typing, Test Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • HLA Typing
  • ABO Blood Test
  • Antibody Screening
  • Cross-matching Tests
  • Antigen Typing

Blood Group Typing, Techniques Outlook (Revenue - USD Billion, 2019 - 2032)

  • Assay-based Techniques
  • PCR-based and Microarray Techniques
  • Massively Parallel Sequencing Techniques
  • Others

Blood Group Typing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Blood Group Typing Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 2.56 billion

Revenue forecast in 2032

USD 4.56 billion

CAGR

7.5% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Product Type, By Test Type, By Technique, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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