Demand to Rise on Account of Escalating Incidences of Accidents Resulting in Need for Blood Transfusion

San Francisco, California, February 28, 2017: TMR Research has published a new report titled, “Blood Group Typing Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” According to the report, the global blood group typing market is propelled by the increasing number of blood donations as well as a staggering rise in the number of patients requiring a blood transfusion. The demand for blood group typing is also increasing on account of the rising incidences of accidents and trauma. Blood group typing is also in demand for pregnancy and prenatal testing as well as hemolytic disease of the newborn. Apart from all these factors, the rising application of blood group typing in forensic sciences will accelerate the growth of this market in the near future. The advent of novel molecular diagnostic tools which help in the rapid and reliable identification of blood group in large blood samples is anticipated to open new growth opportunities for market players to tap on.

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The demand for blood group typing is increasing as there is a heightened need for accurate and reliable grouping of blood so as to fulfil safe blood transfusion process and organ donation process, to list a few. The market is also greatly supported by technological advancements and efforts taken by manufacturers. Today, advanced methods such as magnetic beads in assays and quantum dots are being used for enhanced clinical safety of blood transfusion and improved identification.

On the basis of geography, the global blood group typing market is segmented into North America, Asia-Pacific for my Europe, and the Rest of the World. Of these, North America is a lucrative market for blood group typing devices and consumables and is leading in terms of the largest regional market. The growth of the North American blood group typing market is attributed to the consistent advancements in technology developments in ECR and assays for blood grouping, and designing of novel blood grouping platforms which are cost-effective. Also, it is anticipated that the market for blood group typing will be promising in the Asia-Pacific region between 2017 and 2025. In fact, Asia Pacific is anticipated to advance at a rapid pace in the blood group typing market on account of the promising clinical studies in high throughput devices and rising number of blood transfusions. An increase in the health care spending, rising medical tourism, and increasing incidences of road accidents and trauma will bolster the growth of the blood group typing market in Asia-Pacific.

The report profiles prominent players within the global blood group typing market for the purpose of study. The key strategies adopted by these players in order to stay ahead of competition is also revealed in the report. In addition to this, the recent developments and advancements by key players within the field of blood group typing is also given in the report. The challenges faced by the companies as well as their business and financial overview are also discussed in the report. The names of the companies listed in the report are Day medical SA, Novacyt Group, Rapid Labs, Bio-Rad Laboratories, Inc., Quotient, Ltd., Ortho Clinical Diagnostics, Inc. Immucor, Inc., AXO Science, and Grifols, S.A.