Blood Group Typing Market Rising at 9.80% CAGR to 2023: Top Key Players are Bio-Rad Laboratories, Immucor Inc., Ortho Clinical Diagnostics, Quotient, Ltd, Novacyt Group, BAG Healthcare GmbH, Rapid Labs

Blood Group Typing Market Overview
Classification of blood on the basis of absence and presence of antibodies or inherited antigenic substances on the surface of red blood cells is termed as blood group typing. These antigens may be proteins, carbohydrates, glycoproteins, or glycolipids, depending on the blood group system. Some of these antigens are present on the surface of other types of cells of various tissues. Several of these red blood cell surface antigens can stem from one allele and collectively form a blood group system.

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Market growth factors include increasing demand for blood groups for pregnancy and prenatal testing, increasing the number of blood donations through education and blood donations, and increasing the number of blood donations. Patients need transfusions due to accidents and trauma. However, lack of awareness and lack of trained professionals can lead to a misleading transfusion, which results in lower reagent sales for the blood bank and ultimately slows the growth of the blood typing market blood groups.

Blood Group Typing Market Forecast Report (2018-2023)
Global Blood Group typing market is anticipated to grow at 9.80% CAGR from 2018 to 2023 and it is estimated that the global market was valued at USD 2.36 billion in 2018 and is expected to reach USD 3.77 billion by 2023.

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Blood Group Typing Market Segmentation
The global Blood Group Typing Market is segmented on the basis of Technique, Product, Test Type, and End User. On the basis of Product, the market is segmented into Consumable, Instrument, and Service. On the basis of Test Type, the market is segmented into prestige ABO, Antigen, Antibody Screening, Cross Matching, and HLA. On the basis of Technique, the market is segmented into Assay, PCR, Microarray, and Massively Parallel Sequencing. On the basis of End User, the market is segmented into Clinical Laboratories, Blood Banks, Hospitals, and Other End Users. The hospitals end-user segment is expected to grow at the highest CAGR during the forecast period owing to an increase in the awareness among people regarding blood donations and its importance, rising number of blood donations, and growing requirement of blood in surgical treatments.

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On the basis of geography, the Blood Group Typing market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America occupies the largest market share followed by Europe. The United States has been the major market across the world. Factors such as advanced technology, research, and development activities have boosted the North America market. Asia Pacific is expected to witness the highest CAGR during the forecast period due to the rising population, and an increase in disposable income. Furthermore, due to these factors, the Asian market is observing a high number of new entrants compared to those in developed regions.

Major Players:
The major companies dominating this market for its products and services are
• 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,
• AXO Science.

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