Blood Group Typing Market is expected to grow at a considerable rate during the forecast period 2019-2025. Blood group typing is a method to determine the type of blood that a person has. Blood typing is performed so that blood can be donated, or a blood transfusion can be received by a person safely. In addition, it is performed to see if the person has Rhesus (Rh) factor on the surface of red blood cells. Global blood group typing market is estimated to grow at a significant rate owing to various factors such as increasing number of road accidents, rising demand for blood and blood products, and increasing adoption of blood group typing in forensic science.

There is an increasing number of road accidents that are occurred globally, which serve as one of the major factors for the growth of the market. Road accidents are the major cause of mortalities by injury and tenth leading cause of all the mortalities globally, as per Population Reference Bureau. In addition, it is estimated to be the sixth major reasons for mortality by 2030. Road accidents are the reason for more than 1.2 million mortalities globally and injury to more than 25 million people every year. The percentage of road accidents is the highest in African and the Middle East region followed by the Asia-Pacific region, while the lowest in America and the European region. According to the WHO, road accident is the major reason for the mortality for the age group of 15-44 years road accidents. Total mortality observed in India were more than 146,000 and more than 50,000 in China in 2015. The increasing number of road accidents will surge the demand for blood and blood products. In addition, there will be an increased demand for blood transfusion as a lot of blood is lost in case of a road accident.

Global blood group typing market can be segmented on the basis of technique and end-user. As per technology, the market is further diversified as assay-based techniques, PCR-based techniques and other techniques such as massively parallel sequencing. Among these techniques, the PCR-based technique is estimated to be contributing significantly due to rising R&D investment for this technique for understanding the molecular basis of blood and antibody-antigen interactions. Further, on the basis of end-user, the market is further sub-segmented as hospitals and clinics and blood banks. Among these end-users, hospitals and clinics segment is estimated to hold the dominant position owing to the increasing number of road accidents.

Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America region is growing with considerable growth and is expected to contribute considerably to the global blood group typing market owing to the availability of high percentage of voluntary blood donors in the region, specifically in the US and Canada. In addition, the presence of a large number of players in the region is contributing significantly to the growth of blood group typing in the North American region.

There are various companies that are involved in the global blood group typing market such as Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd., Merck KGgA, Thermo Fisher Scientific, Inc., and others. To stay competitive in the market, the players in the market adopt various strategies such as partnership and collaboration, and product launch. In addition, the players are receiving FDA approval for their products to launch the product. For instance, In October 2016, Bio-Rad Laboratories, Inc., received the US FDA approval for its IH-1000 blood instrument along with approvals for various associated gel cards and reagents for the US blood typing market. With the release of this product, the company offers a variety of platforms and reagents for supporting different volume blood testing needs of the US market.

Research Methodology

The market study of the global blood group typing market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Authenticate database such as Organization for Economic Co-operation and Development (OECD) and so on.
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for blood group typing product manufacturers, hospitals and clinics, blood banks, research institutes, and venture capitalists for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, growth opportunities, and different products. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation

Global blood group typing market is segmented on the basis of regional outlook and following segments:

• Global Blood Group Typing Market Research and Analysis by Technique
• Global Blood Group Typing Market Research and Analysis by End-User
• Global Blood Group Typing Market Research and Analysis by Geography

The Report Covers

• Comprehensive research methodology of the global blood group typing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global blood group typing market.
• Insights about market determinants which are stimulating the global blood group typing market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.