Blood Group Typing Market to reach US$ 3,556.0 Mn by 2026 – TMR

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4 years ago

Blood Group Typing Market: Contours of Evolution and Scope

A wide range of tests finds clinical application in blood group typing—there are as many as 33 blood group systems. Quite wide array of techniques and instruments have become popular in cross-matching tests in transfusion medicine. Transfusion-related problems have opened market for new tests for ABO and Rhesus system. These systems aside, a significant number of genetically-different BGs have been identified.

A growing body of research in blood group typing market has also put a slant emphasis on diseases RBC surface antigens can cause. Constant progress that blood transfusion medicine has witnessed world over is testimony to the growing application of conventional as well as some modern tests in blood group typing market. These comprise antibody screening, cross matching test, HLA typing, and antigen typing.

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Unarguably, experts consider blood group-linked diseases to be at nascent stage but strikingly evolving. These has attract attention of clinicians in using blood group typing tests for understanding malignancies with chronic diseases. This is a key driver for growing clinical role of ABO blood groups in understanding the severity of infection in chronic diseases. Most importantly, industry players are putting stakes on instruments that are used in blood group typing market, and harness them for expanding the management avenue for cancer.

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Blood Group Typing Market: Valuation and Projection

The global blood group typing market stood at US$ 1,500.0 Mn in 2017 and is anticipated to reach US$ 3,556.0 Mn by 2026, expanding at an impressive CAGR of 10.3% from 2018 to 2026.

Blood group typing tests and consumables have gained clinical acceptance due to rise in increase in blood transfusion rate across the world. To a great deal, the need for transfusion processes has risen at rapid pace due to its correlation with hospitalization caused due to various chronic diseases, such as kidney ailments.

The report segments the blood group typing market on the basis of product, technique, test, and end use.

Major end uses comprise instruments, consumables, and services.

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PCR-based Techniques Gathered Steam for Blood Grouping for Chronic Diseases

Of all products, consumables accounted for the leading share in 2017 and is expected to retain its lead throughout the forecast period. Constant efforts by researchers to test advanced instruments and kits have helped boost the prominence of the segment. Advancements in analytical devices have bolstered the prospects. Further, rise in demand for molecular diagnostic test kits and reagents

Key techniques used in the blood are PCR-based, microarray-based, assay-based technique, and massively parallel techniques.

Of these, the PCR-based segment held the leading share in the global market in 2017. It is expected to retain its dominance in coming years as well. The segment is expected to clock a CAGR of 10.6% from 2018 to 2026.

PCR-based techniques have gathered steam for blood grouping for chronic diseases such as aplastic anemia, sickle cell anemia, traumatic injuries, and leukemia. The associated techniques are also useful in rare type of blood group. The second prominent share is held by microarray-based segment.

Assay-based technique and massively parallel techniques held an approximately 30.0% share of the global blood group typing market, vis-à-vis revenue, in 2017.

In coming years, portable blood typing methods will help save the lives of patients who need blood transfusion in emergency settings. Their capabilities have gone rapid advancements on the back of incorporation of sensor technology.

Serologic testing has been popularly used in the blood group typing market. However, in recent years, molecular typing methods are gaining preference due to their capability in advanced blood group typing, such as for predicting the probable antigen type.