Blood Grouping Reagents Market Report is Expected to Increase at a Dependable Compound Annual Growth Rate 7.6% CAGR By 2030

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Blood grouping reagents market research and analysis information by product, by technique, by test type, by end user and region forecast till 2030. The global blood grouping reagents market is estimated to acquire a valuation of over USD 1.7 billion by the end of 2030. The report further projects that the market will register a growth rate of over 7.6% between 2022 – 2030.

Blood grouping reagents are the substances that are used to differentiate between MNS, Kell, Rhesus, and ABO blood groups. The presence or absence of antigens on the surface of red blood cells determines these blood groups in humans. The global market for blood grouping reagents has undergone remarkable expansion in the past several years. The global rise in chronic diseases is the main factor driving the market’s expansion. Additionally, the significant rise in medical research expenditures across a number of areas is probably what would push the market’s expansion over the assessment period. On the other side, it is anticipated that the market’s expansion during the estimated timeframe would be hampered by the growing worries regarding the effectiveness and competence of test kits.

Blood Grouping Reagents Market Competitive Analysis

The global blood grouping reagents market has an incredibly competitive landscape. The players across the global market are focused on growing their global market reach and thus are implementing several growth policies. The market players compete based on aftermarket services, reliability, product quality, and cost. The global blood grouping reagents market has prominent leaders such as Aikang (China), Yuvraj Biobiz Incubator India Pvt (India), Ortho Clinical Diagnostics (US), DAY medical SA (Switzerland), Haemokinesis Pty Ltd (Australia), Novacyt Group (France), Merck KGaA (Germany), Tulip Diagnostics (India), Diagast SAS (France), Rapid Labs Ltd (UK), MTC Med. Produkte GmbH (Germany), Beckman Coulter, Inc (US), Bio-Rad Laboratories, Inc (US), and several others.

Blood Grouping Reagents Market Segment Analysis

The global blood grouping reagents market report has been divided into various segments based on product type, technique, test type, end-user, and region.

The blood grouping reagents market is split into instruments and consumables based on product.

By technique, the blood grouping reagents market is divided into serology, massively parallel sequencing techniques, assay-based techniques, PCR-based and microarray techniques, and others.

Based on test type, the global market for blood grouping reagents is split into antigen typing, antibody identification, antibody screening, coombs tests, cross-matching tests, and blood group and phenotype.

The blood grouping reagents market is split into clinical laboratories, blood banks, and hospitals based on end-user.

Blood Grouping Reagents Market Regional Analysis

The global blood grouping reagents market is examined across five major regions: North America, Asia-Pacific, Europe, South America, and the Middle East & Africa.

As per the MRFR reports, the North American region will secure the top position in the global blood grouping reagents market over the assessment era. The presence of major manufacturers is the primary aspect causing an upsurge in the regional market’s growth. Furthermore, the growing occurrence of chronic diseases causes an elevation in demand for organ transplants and blood transfusion. Moreover, the factors such as the growing awareness among the population, technological developments in the clinical segment, the growing number of launch new products & collaborations, and rising investments in research & collaborative approach are also anticipated to boost the regional market’s growth over the assessment era.

Over the anticipated period, the Asia-Pacific blood grouping reagents market is anticipated to grow at the highest rate. The rise in traumatic injuries due to trauma and accidents is blamed for the expansion of the local market. Additionally, it is anticipated that the rise in traffic accidents resulting in traumatic injuries, the rising number of government initiatives, and the rising need for blood banking services will all contribute to the expansion of the regional blood grouping reagents market over the expected period.

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