Market Summary: The global market for blood group typing amounted to USD 2.86 Billion in 2020 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.1% throughout the forecast period. Factors such as the increasing necessity for blood group typing in prenatal testing, its expanding utility in forensic sciences, and the rising demand for blood and blood products are anticipated to propel market revenue growth in the foreseeable future. Moreover, the escalating number of blood transfusions worldwide due to a surge in injuries, road accidents, and trauma cases is driving the need for blood group typing to ensure successful transfusions.
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Blood group characteristics are primarily hereditary and remain unaffected by environmental factors such as nutrition, age, diet, and diseases. Blood typing, a laboratory-based procedure, is conducted to determine an individual's blood type, classifying them into A, B, AB, or O categories. This typing is critical prior to blood transfusion to assess donor-recipient compatibility and to ascertain the presence of the Rh factor. Blood types are determined by the presence or absence of specific proteins, known as antigens, on the surface of red blood cells. These antigens serve as stable, polymorphic markers on both red and white blood cells, facilitating various applications. Blood group typing is extensively utilized in parentage testing to resolve inheritance-related issues, infant mix-ups, and traditional paternity cases. It also plays a vital role in transfusion and transplantation medicine. The procedure typically involves mixing a blood sample with antibodies against type A and type B and analyzing the sample to assess blood cell adherence. Typing determines blood type accurately, a crucial aspect for transfusions and other medical procedures.
The incidence of road accidents and trauma cases has significantly driven the demand for blood and blood products, as immediate transfusions are often necessary for patients. Major market players are actively engaged in extensive research and development endeavors to innovate and enhance techniques, aiming to reduce turnaround time and enhance the accuracy and efficiency of cross-match testing. The introduction of advanced and automated blood group typing techniques is anticipated to make substantial contributions to market revenue growth during the forecast period.
Market Dynamics: Driving Factor: Increasing Blood Donations and Transfusions In recent years, numerous initiatives undertaken by non-profit and for-profit organizations, regional government agencies, healthcare institutions, and national governments have focused on emphasizing the importance of blood donations. Additionally, heightened public awareness and encouragement toward blood donation are expected to drive market expansion in the forecast period. The increasing prevalence of accidents and the rising incidence of cancer and other chronic diseases, necessitating blood transfusions, are also poised to bolster market growth. According to the American National Red Cross, a blood transfusion is needed every two seconds in the United States alone, significantly driving demand for blood donation and expected to fuel market growth in the future.
Technique Overview: Segmentation based on technique comprises PCR-based and microarray, assay-based, massively parallel sequencing, and other techniques. The PCR-based and microarray technique segment dominated the market in terms of revenue in 2020 and is projected to exhibit significant growth throughout the forecast period. This growth can be attributed to increasing research and development activities focusing on antibody-antigen interactions, the growing prevalence of chronic diseases such as sickle cell anemia, and rising awareness about microarray-based techniques. Additionally, rapid technological advancements and the expanding application of PCR-based techniques for screening rare blood groups are anticipated to drive revenue growth in this segment.
Test Type Overview: The global blood group typing market, segmented by test type, includes antibody screening, HLA typing, cross-matching, ABO blood tests, and antigen typing. The antibody screening segment is anticipated to hold a substantial revenue share in the market due to the increasing demand for early screening and diagnosis, as well as the growing healthcare burden of chronic diseases. The rising prevalence of blood transfusion procedures is also expected to contribute to the segment's revenue growth. The ABO testing segment is forecasted to witness considerable revenue growth during the forecast period, driven by the rising demand for ABO blood typing before transfusion procedures.
End-use Overview: End-use segmentation encompasses hospitals, blood banks, clinical laboratories, and other facilities. Blood banks are expected to capture a significant revenue share during the forecast period, attributed to increasing investments in establishing more blood banks, laboratory developments in emerging economies, and a rising rate of blood donation. Hospitals are projected to dominate other segments during the forecast period, primarily due to increasing awareness regarding blood donation's importance and the growing need for blood during transplant procedures, surgeries, and other complex interventions.
Competitive Landscape: The global blood group typing market exhibits high competitiveness, with numerous companies operating on both global and regional scales. Key market players are focused on developing novel and advanced testing procedures and forging strategic alliances such as mergers & acquisitions, collaborations, and partnerships to expand their product portfolios and establish a robust foothold in the market. Major companies in the market include Bio-Rad Laboratories, Inc., Grifols, S.A., Immucor, Inc., Ortho Clinical Diagnostics, Inc., Quotient, Ltd., Novacyt Group, BAG Healthcare GmbH, Rapid Labs, Day medical SA, DIAGAST, and AXO Science.
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