The COVID-19 Outbreak to Radically Alter the Blood Group Typing Market Dynamics in the Coming Years
                     Title : Blood Group Typing Market Worth $2.68 Billion at 7.2% CAGR; Dominant Players  
Such as Grifols and Merck Focus on Developing Advanced Blood Typing Solutions
The COVID-19 Outbreak to Radically Alter the Blood Group Typing Market Dynamics in 
the  Coming Years
Description : Blood Group Typing Market to Gather Steam; Ortho Clinical Partners with  
Quotient Limited for Global Distribution of Quotient’s Transfusion Diagnostics Platform:  
Fortune Business Insights™
Content :
The global blood group typing market size is projected to reach USD 2.68 billion by 2027,  
exhibiting a CAGR of 7.2% during the forecast period. Rising prevalence of anemia  
worldwide is set to fuel the growth of this market, shares Fortune Business Insights™ in its  
report, titled “Blood Group Typing Market Size, Share & Industry Analysis, By Product  
(Instruments, and Reagents & Kits), By Test Type (ABO Tests, Antigen Typing, Antibody  
Screening, Cross-matching Tests, and HLA Typing), By Techniques (Serology Tests, and  
Molecular Tests), By End User (Hospital-based Laboratories, and Independent  
Laboratories & Blood Banks), and Regional Forecast, 2020-2027”.World Health  
Organization (WHO) data reveals that nearly 1.62 billion people, or 24.8% of the global  
population, are affected by anemia. Anemia is the deficiency of healthy red blood cells  
(RBCs) in the body, which leads to lack of oxygen supply to the organs. As a result, anemic  
people need to undergo regular blood transfusion exercises to maintain a stable RBC count  
in the body. Blood transfusion process requires blood typing tests to ensure compatibility  
between the donor’s and recipient’s blood type. Thus, growing incidence of anemia and the 
 subsequent rising demand for blood transfusion will lead the blood group typing market  
trends in the foreseeable future.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this  
health crisis has brought an unprecedented impact on businesses across industries.
However, this too shall pass. Rising support from governments and several companies can  
help in the fight against this highly contagious disease. There are some industries that are  
struggling and some are thriving. Overall, almost every sector is anticipated to be impacted  
by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19  
pandemics. Based on our experience and expertise, we will offer you an impact analysis of  
corona virus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this [Market].
For More Information : 
https://www.fortunebusinessinsights.com/industry-reports/blood-  
group-typing-market-101767
Market Restraint
Fears Arising from Covid-19 Pandemic to Severely Affect Blood Collection Globally
Voluntary blood donations are a prerequisite for patients suffering from chronic blood  
disorders as a higher stock of blood samples increases the probability of finding matching  
blood types for such individuals. Unfortunately, the COVID-19 outbreak has led to a drastic  
decline in voluntary blood donations across the globe, resulting from fears associated with  
the safety standards of the equipment used and imposition of lockdowns in most 
countries.  Health systems in many countries have begun sounding alarm bells as existing 
stock of  blood has started falling. For instance, the UK’s National Health Service (NHS) 
reported in  March 2020 that voluntary donations fell by 15%. Similarly, in India, the Rotary 
Blood Bank  and the Indian Red Cross Society declared that they were facing a shocking 
80% shortfall of  blood collection. Such sudden dips in blood donations are likely to have 
unfathomable  effects on the patients suffering from diseases such as thalassemia and 
hemophilia, which  require regular blood transfusions. Since the efficacy of blood typing 
mechanisms is heavily  dependent on blood donations, a fall in these activities will 
negatively impact the blood  group typing market growth.
Regional Analysis
North America to Lead the Market Supported by Rapid Adoption of Advanced Blood  
Typing Tests
With a market size of USD 572.0 million, North America is set to dominate the blood 
group  typing market share during the forecast period. This is mainly attributable to the 
high  adoption rate of advanced blood typing tests and methods in the region. 
Additionally,  players operating in the region are provided adequate regulatory support, 
which has  created conducive environment for innovation in the healthcare sector. Europe 
is  anticipated to register an impressive CAGR on account of rising demand for safe blood  
transfusion techniques, while Asia-Pacific is slated to showcase considerable growth 
owing  to increasing prevalence of chronic conditions such as anemia.
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