Global Immunohematology Market Size By Product Type, By Application, By End User, By Geographic Scope And Forecast
Report ID: 40267|No. of Pages: 202
Global Immunohematology Market Size By Product Type, By Application, By End User, By Geographic Scope And Forecast
Immunohematology Market Size And Forecast
Immunohematology Market size was valued at USD 3.91 Billion in 2023 and is projected to reach USD 8.15 Billion by 2030, growing at a CAGR of 12.1% during the forecast period 2024-2030.
Global Immunohematology Market Drivers
The market drivers for the Immunohematology Market can be influenced by various factors. These may include:
- Growing Need for Blood Transfusions: As the incidence of chronic illnesses, surgical procedures, and trauma cases rises, more blood transfusions become necessary, which fuels the market for immunohematology goods and services.Developments in Transfusion Medicine: The immunohematology market is expanding due to ongoing developments in transfusion medicine, which include enhanced compatibility testing, blood typing procedures, and blood storage strategies.
- Growing Geriatric Population: As the world’s population ages, more people are becoming older and requiring blood transfusions to treat age-related illnesses, which is driving up demand for immunohematology products.
- Growing Instances of Trauma and Accidents: The need for rapid blood transfusions due to accidents, crises, and trauma cases is a major factor driving the immunohematology market since it emphasizes the significance of accurate blood typing and compatibility testing.
- Technological Developments in Immunohematology Testing: Automation, molecular testing, and point-of-care testing are examples of technological developments that have accelerated blood typing and compatibility testing, leading to increased market expansion.
- Government attempts and Regulations: Tight regulatory rules requiring compatibility testing and blood screening, together with government attempts to improve blood safety and transfusion practices, are driving up demand for immunohematology services and supplies.
- The adoption of immunohematology solutions is being driven by an increase in education and understanding among the general public and healthcare professionals about the significance of compatibility testing, blood type, and safe transfusion practices.
- Growing Healthcare Expenditure: As healthcare facilities invest in cutting-edge blood banking technologies, rising healthcare spending in both developed and developing nations, along with a growing healthcare infrastructure, are anticipated to support the immunohematology market’s expansion.
Global Immunohematology Market Restraints
Several factors can act as restraints or challenges for the Immunohematology Market. These may include:
- High Cost of Immunohematology Testing: Healthcare facilities may find the cost of immunohematology testing techniques, reagents, and equipment to be prohibitive, especially in low-resource settings. This could impede uptake and accessibility.
- Strict Regulatory Requirements: Complying with strict regulations pertaining to blood transfusion safety, testing, and screening raises the complexity and cost of immunohematology procedures and may hinder market expansion.
- Limited Awareness and Education: The general public’s and healthcare professionals’ lack of knowledge regarding the significance of immunohematology testing and safe transfusion procedures may impede the market’s ability to grow.
- Periodic Shortages in Blood Supply: The demand for immunohematology products and services can be affected by periodic shortages in blood supply, which can be caused by events like emergencies, disasters, and seasonal oscillations. This can limit the growth of the market.
- Obstacles in Emerging Markets: The adoption of immunohematology treatments may be hampered by these countries’ poor financial resources, logistical difficulties, and limited healthcare infrastructure, which could limit market expansion in these areas.
- Danger of Transfusion-Transmitted Infections: In spite of strict screening protocols, transfusion-transmitted infections can still occur. This can erode public trust in the safety of blood transfusions and reduce demand for immunohematology goods and services.
- Ethical and Legal Issues: The availability and use of blood products may be impacted by ethical issues surrounding blood donation, such as consent, privacy, and confidentiality, as well as legal limitations in some areas. These factors could limit the immunohematology market.
- Limited payment Policies: In certain healthcare systems, inadequate payment for services linked to blood transfusions and immunohematology tests may discourage healthcare facilities from investing in cutting-edge immunohematology technologies, hence restricting market growth.
Global Immunohematology Market Segmentation Analysis
The Global Immunohematology Market is Segmented on the basis of Product Type, Application, End User, and Geography.
Immunohematology Market, By Product Type
- Instruments: Includes automated analyzers, centrifuges, and refrigerators used for blood typing and compatibility testing.
- Reagents: Various blood typing reagents such as antisera, antibodies, and blood grouping reagents.
- Consumables: Consumable items like test tubes, pipettes, and slides are required for blood typing and compatibility testing.
Immunohematology Market, By Application
- Blood Typing: Determines an individual’s blood type (e.g., A, B, AB, O) and Rh factor (positive or negative).
- Antibody Screening: Identifies antibodies present in a patient’s blood that may cause transfusion reactions.
- Compatibility Testing: Ensures compatibility between donor and recipient blood to prevent adverse reactions during transfusion.
- Other Applications: Includes prenatal testing, cross-matching, and blood donor screening.
Immunohematology Market, By End User
- Hospitals and Clinics: Major users of immunohematology products and services for blood transfusions and patient care.
- Blood Banks: Facilities responsible for collecting, testing, and storing donated blood for transfusion.
- Diagnostic Laboratories: Labs specializing in blood typing, antibody screening, and compatibility testing services.
- Others: Includes academic and research institutions, pharmaceutical companies, and contract research organizations involved in immunohematology research and development.
Immunohematology Market, By Geography
- North America: Market conditions and demand in the United States, Canada, and Mexico.
- Europe: Analysis of the Immunohematology Market in European countries.
- Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa: Examining market dynamics in the Middle East and African regions.
- Latin America: Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Immunohematology Market are:
- Grifols S.A.
- Immucor Inc.
- Thermo Fisher Scientific
- Merck KGaA
- Abbott Laboratories
- Bio-Rad Laboratories Inc.
- Becton Dickinson and Company
- Beckman Coulter Inc. (Danaher Corporation)
- Siemens Healthineers
- Ortho Clinical Diagnostics
- Cardinal Health
- F. Hoffmann La-Roche Ltd.
- DIAGAST
- MTC INVITRO
- Seqirus
- Institut de Biotechnologies Jacques Boy
- Hemo bioscience
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Grifols S.A., Immucor Inc., Thermo Fisher Scientific, Merck KGaA, Abbott Laboratories, Becton Dickinson and Company, Beckman Coulter Inc. (Danaher Corporation), Siemens Healthineers, Ortho Clinical Diagnostics, F. Hoffmann La-Roche Ltd. |
| SEGMENTS COVERED | By Product Type, By Application, By End User, and By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Top Trending Reports:
Global Gastroesophageal Reflux Disease Market Size And Forecast
Global Mannitol Injection Market Size And Forecast
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Immunohematology Market, By Product Type
• Instruments
• Reagents
• Consumables
5. Immunohematology Market, By Application
• Blood Typing
• Antibody Screening
• Compatibility Testing
• Other Applications
6. Immunohematology Market, By End User
• Hospitals and Clinics
• Blood Banks
• Diagnostic Laboratories
• Others
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• Grifols S.A.
• Immucor Inc.
• Thermo Fisher Scientific
• Merck KGaA
• Abbott Laboratories
• Bio-Rad Laboratories, Inc.
• Becton Dickinson and Company
• Beckman Coulter Inc. (Danaher Corporation)
• Siemens Healthineers
• Ortho Clinical Diagnostics
• Cardinal Health
• F. Hoffmann La-Roche Ltd.
• DIAGAST
• MTC INVITRO
• Seqirus
• Institut de Biotechnologies Jacques Boy
• Hemo bioscience
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
