Global Blood Group Typing Market 2019-2023 | 10% CAGR Projection over the Next Four Years | Technavio | Financial Buzz

Global Blood Group Typing Market 2019-2023 | 10% CAGR Projection over the Next Four Years | Technavio

The global blood group typing market is expected to post a CAGR of
nearly 10% during 2019-2023, according to the latest market
research report by Technavio.

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Technavio has released a new market research report on the global blood group typing market for the period 2019-2023. (Graphic: Business Wire)

Healthcare and biotechnology companies are increasingly investing in
innovating and introducing newer products to analyze the molecular level
of blood group typing. Researchers have developed a flexible DNA
microarray platform for molecular blood group typing. The platform
enables the processing of blood samples and genotype which allows blood
banks to offer extensive screening to blood donors at relatively low
costs.

As per Technavio, the increasing government support towards blood safety
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
blood group typing market 2019-2023 research report also
analyzes other important trends and market drivers that will affect
market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Global blood group typing market: Increasing
government support about blood safety

National blood policies are being implemented and developed owing to
factors such as the risk of transmissible diseases, including HIV,
hepatitis B (HBV), HCV, and syphilis, lack of suitable infrastructure to
provide blood services, and inadequate staff to conduct blood
transfusion services.

“Development of sensitive donor screening tests to detect emerging
diseases and potential bioterrorism agents in blood donations are being
initiated. Regulators are working with other blood organizations,
government agencies, and device manufacturers to keep adequate blood
inventories in case of an emergency,” says a senior analyst at
Technavio.

Global blood group typing market: Segmentation
analysis

This market research report segments the global blood group typing
market by product (consumables, instruments, and software) and
geographical regions (North America, Europe, Asia, and ROW).

The consumables segment held the largest market share in 2018,
accounting for nearly 43% of the market. This product segment is
expected to dominate the global market throughout the forecast period.

North America led the market in 2018 with a market share of over 34%.
This region is expected to dominate the market through 2023 despite its
market share decreasing.

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Technavio’s sample reports are free of charge and contain multiple
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challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190118005148/en/