Blood Grouping Reagents Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
The global blood grouping reagents market was valued at approximately USD 3.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2028. The growth of this market is driven by the increasing demand for blood transfusions, advancements in diagnostic technologies, and rising prevalence of blood disorders. Additionally, the aging population and growing awareness of blood group compatibility in clinical settings are expected to further boost market expansion. The market's steady growth is also supported by ongoing research and development efforts aimed at improving the accuracy and efficiency of blood grouping tests.
Opportunities in the blood grouping reagents market are significantly influenced by the rising adoption of advanced technologies, such as automated blood grouping systems and molecular diagnostic tools. Emerging markets, particularly in Asia-Pacific and Latin America, present lucrative prospects due to improving healthcare infrastructure, increasing healthcare expenditure, and a growing focus on enhancing diagnostic capabilities. Moreover, collaborations between healthcare providers and reagent manufacturers are likely to drive innovation and expand market reach. As the healthcare industry continues to evolve, the demand for more sophisticated and reliable blood grouping solutions is anticipated to rise, creating substantial opportunities for growth.
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LOREN
Aikang
Rapid Labs Ltd
Diagast SAS
Omega BIO-TEK
Immucor
Inc
Quotient Ltd
Tulip Diagnostics
Atlas Medical
Biotec Laboratories Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Blood Grouping Reagents Market
Hospitals
Blood Banks
Clinical Laboratories
Others
Based on Types the Market is categorized into Below types that held the largest Blood Grouping Reagents market share In 2023.
Blood Group A Reagents
Blood Group B Reagents
Blood Group O Reagents
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Blood Grouping Reagents Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Blood Grouping Reagents Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blood Grouping Reagents Market, By Type
6. Global Blood Grouping Reagents Market, By Application
7. Global Blood Grouping Reagents Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Blood Grouping Reagents Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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