Immunohematology Market: Emergence of Improvised Blood Screening Techniques to Bode Well for Growth, finds TMR

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Immunohematology, known as “blood banking” in common parlance, is predicted to see surging demand due to the emergence of better techniques for blood screening and launch of new products every now and then, finds a report by Transparency Market Research. The report, titled, “Immunohematology Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025,” shows that savvy industry players are pouring money into research and development of improved products to grow their sales and revenues.

A noticeable trend in the market for immunohematology is the growing uptake of automated instrumentation and integration of various functions on to a single platform by hospitals and diagnostic laboratories. Such developments, along with mergers and acquisitions by players to create value and synergies, are also having a positive impact on the market. Apart from that, rising popularity of cord blood banking on account of the stem cell they contain, is serving to propel the market too. This is because the collected cord blood is preserved after carrying out various immunohematology tests.

Some of the main product segments in the global immunohematology market are immunohematology analyzers and immunohematology reagents. Application-wise, the market can be segmented into HIV, blood-related diseases, and hepatitis. Hospitals, diagnostic laboratories, ambulatory surgical centers, and blood banks are some of the key end use segments in the market.

From a geographical standpoint, North America is the key market for immunohematology because of the rising instances of blood-related diseases such as hepatitis and HIV and trauma. Increased awareness among people about the early treatment and continued thrust on product development are also serving to drive the market. Europe is another key market that has risen steadily on the back of effective and superior technologies.

Some of the prominent participants in the global market for immunohematology are Grifols, Bio-Rad Laboratories, Inc., Immucor, ThermoFisher, Hologic, Inc., Abbott, Beckman Coulter, Becton, Dickinson and Company and Roche Diagnostics, Inc.

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