Blood Group Typing Market is Expected to Witness the Fastest Growth During the Forecast

There are various techniques and methods to detect the blood group. The global blood group typing market has witnessed significant growth due to the advancement in technology which has improved detection methods.

The global blood group typing market is categorized on the basis of the product and service offerings; techniques used; type of tests; and its end users. Based on product and services, the global market is segmented into consumables, instruments and services. Consumable, which includes blood bank saline, anti-human globulin reagents, antisera reagents and red blood cells reagents, held largest share in the global blood typing market in 2016. It has major contribution towards the growth of the global group typing market as compared to other segments. The major factor driving this growth are increasing rate of blood donation and major surgical procedures like organ transplantation.

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Blood group typing can be done via various tests namely, antigen typing, cross-matching tests, antibody screening, human leukocyte antigen (HLA) typing and ABO blood tests. Among the different blood group typing tests, antibody screening is expected to witness the fastest growth in the global market during the forecast period. Rising demand for early disease diagnosis and increase in chronic disorder cases is causing the growth in the usage of the antibody screening test for blood group typing.

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Globally, the demand for blood group typing products and services was largest in hospitals due to the increasing awareness regarding the importance of blood donations and growth in the requirements of blood for surgical treatments. Other key end users in the global blood group typing market are clinical laboratories and blood banks.

Regulatory standards for the blood transfusion are stringent as it is a very crucial process. Stringent regulatory requirements hinder the growth of the global blood group typing market. Other key factor restraining the growth of the global market is lack of trained and skilled professionals which can cause misleading transfusion.

North America held the largest share in the global blood group typing market in 2016, followed by Europe. It was the prominent market for the blood group typing products and services. The reasons of the dominance of North America is the presence of different reimbursement schemes for several surgeries and prevalence of chronic diseases. Asia-Pacific blood group typing market is expected to witness the fastest growth during the forecast period with the growth centered at China, Japan, and India.

In October 2016, Bio-Rad Laboratories, Inc., a manufacturer of life sciences and clinical diagnostic products, received the U.S. Food and Drug Administration (FDA) approval for its IH-1000 blood instrument.

In May 2014, Immucor’s PreciseType HEA Test received FDA approval to be used for screening blood donors for sickle cell trait (SCT). The PreciseType HEA test is the FDA-approved molecular assay designed to provide blood banks and clinicians with the detailed genetic matching information that they need to reduce the risk of alloimmunization and serious haemolytic reactions, which is especially problematic for patients receiving frequent blood transfusions.

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Keywords : Blood Group Typing Market Size, Share, Development, Growth,

by Kundan Kumar (few years ago!)

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