Rapid Growth Predicted for Blood Group Typing Market, Rising to $5.83 Billion by 2029
28 Jan, 2025
What Has Been the Progress and Growth of the Blood Group Typing Market in Recent Years?
The blood group typing market has seen considerable growth due to a variety of factors.
• The market size has amplified from $3.07 billion in 2024 to $3.48 billion in 2025, delivering a solid compound annual growth rate (CAGR) of 13.4%.
The expansion witnessed in blood donation drives, an aging population, rise in healthcare infrastructure development, and the surge in clinical trials has largely driven the market's growth during this period.
What Can Be Expected from the Blood Group Typing Market in the Coming Years?
The blood group typing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size is predicted to reach a value of $5.83 billion in 2029, demonstrating a CAGR of 13.7%.
Factors such as increasing demand for blood and blood-related products, the escalating prevalence of chronic diseases, growing incidences of road accidents, and a surge in healthcare spending are expected to bolster growth. The market growth during the forecast period will also be influenced by emerging trends such as automation and high-throughput systems, data integration, public health initiatives, and technological innovations.
What Are the Critical Driver Fuelling the Blood Group Typing Market's Growth?
The blood group typing market saw significant growth in the historic period led by the increase in the number of blood donations and transfusions. With non-profit organizations, government agencies, and other organizations emphasizing the importance of blood donations and transfusions, the demand for blood group typing so that the donor can know their blood type has increased. According to the World Health Organization, high-income nations, housing 16% of the world population, account for 40% of all blood donations worldwide. This surge in blood donations and transfusions has notably contributed to the growth of the blood group typing market.
How Is the Blood Group Typing Market segmented?
The blood group typing market covered in this report has been segmented –
1) By Test Type: Antibody Screening, Cross-Matching Tests, ABO Tests, Antigen Typing, HLA Typing
2) By Product: Instruments, Reagents And Kits
3) By Techniques: Serology Tests, Molecular Tests
4) By End User: Hospital Based Laboratories, Independent Laboratories, And Blood Banks
What New Trends Are Influencing the Blood Group Typing Market?
Several companies in the blood group typing market are focusing on developing products with advanced technologies like next-generation sequencing (NGS) to refine the efficiency and accuracy of blood typing processes. In April 2023, Metropolis Healthcare Limited an Indian health company, launched NextGen HLA Typing Test, using NGS technology to improve the precision of human leukocyte antigen (HLA) typing necessary for successful organ transplants. These trends improve compatibility assessments between donors and recipients, potentially impacting the market growth positively.
Who Are the Key Players in the Blood Group Typing Market?
Major market players in the blood group typing industry include:
• Grifols S.A.
• Bio-Rad Laboratories Inc.
• Immucor Inc.
• Ortho-Clinical Diagnostics Inc.
• Quotient Limited
• B. Braun Melsungen AG
• AXO Science SAS
• Agena Bioscience Inc.
• Merck KGaA
• Beckman Coulter Inc.
What Is The Most Dominant Region In The Blood Group Typing Market?
North America emerged as the largest region in the blood group typing market in 2024, but it is Asia-Pacific that is forecast to be the fastest-growing region in the subsequent years.