According to the report, the global immunohematology market was approximately USD 1.71 billion in 2018 and is expected to generate around USD 2.29 billion by 2025, at a CAGR of around 4.3% between 2019 and 2025.
New York, NY, June 25, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Immunohematology Market by Product (Immunohematology Analyzer and Immunohematology Reagents), by Application (Blood Typing, Antibody Screening, and Others), and by End-User (Hospitals, Academic and Research Institutes, Blood Banks, and Diagnostics & Reference Laboratories): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global immunohematology market was approximately USD 1.71 billion in 2018 and is expected to generate around USD 2.29 billion by 2025, at a CAGR of around 4.3% between 2019 and 2025.
Immunohematology is the study of antibodies and RBC antigens that are mainly associated with blood transfusion. The basic principle of immunohematology is the reaction between antigens and antibodies, which either causes hemolysis or RBC agglutination. This is used to detect the presence of a particular antigen in the blood. The growing prevalence of blood cancer and blood-related diseases, such as sickle cell disease, is leading to an increase in the demand for blood transfusion procedures. This, in turn, is fueling the global immunohematology market. However, the high cost of analyzers and reagents and the dearth of skilled professionals may limit the global immunohematology market growth.
Browse through 54 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Immunohematology Market Share, Segments 2018 Analysis: By Type, Industry Size, Trends, Growth, and Forecast to 2025”.
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The global immunohematology market is divided into product, application, and end-user. Based on products, the immunohematology market is divided into immunohematology analyzers and immunohematology reagents. Immunohematology reagents are anticipated to dominate the market in the future, owing to the increasing use of reagents in the blood banks for immunohematology tests, rising number of customization for reagents used during tests, and growing demand for regents due to increased use of immunohematology in diagnostic technologies.
The application segment of the immunohematology market includes blood typing, antibody screening, and others. Antibody screening dominated the market in 2018, owing to its increased use for blood transfusion. Additionally, antibody screening is generally performed to confirm the presence of any unwanted antibodies before the blood transfusion procedure. The growing demand for blood transfusions due to an increase in the number of accidents is mainly fueling this segment.
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On the basis of end-user, the market includes blood banking, diagnostics and reference laboratories, hospitals, and academic and research institutes. Hospitals dominated the global market for immunohematology in 2018, owing to the presence of a large patient pool and an increase in the global number of blood transfusions.
North America is projected to dominate the global immunohematology market in the years ahead, owing to the early introduction of highly developed techniques, the presence of a highly skilled workforce, diagnostics centers, and blood banks, and availability of advanced healthcare infrastructure. According to the Leukemia & Lymphoma Society, in 2018, approximately 174,000 individuals were diagnosed with leukemia, lymphoma, or myeloma in the U.S. This increase in the prevalence of blood cancer types is fueling the demand for blood transfusion procedures, which is driving the region’s immunohematology market.
Browse the full “Immunohematology Market by Product (Immunohematology Analyzer and Immunohematology Reagents), by Application (Blood Typing, Antibody Screening, and Others), and by End-User (Hospitals, Academic and Research Institutes, Blood Banks, and Diagnostics & Reference Laboratories): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/immunohematology-market
Europe held the second largest share of the global market in 2018. According to the NCBI, the prevalence of sickle cell anemia disease in 25 European countries was estimated to be 1 in 150. The growing prevalence of blood-related diseases like sickle cell anemia, growing government investments for the development of blood banks, and the presence of developed healthcare infrastructure in Europe are fueling the immunohematology market.
The Asia Pacific region is anticipated to be the most lucrative market for immunohematology in the upcoming years, owing to the rising investments and funding by government, the establishment of blood banks and trauma centers in India and China, rapidly developing healthcare infrastructure, presence of a large patient pool, and increasing accidents in the region. According to a Thalassemia Center, in China, about 60 out of 100,000 newborns suffer from a type of Thalassemia. It was also stated that this projected number of thalassemia births will be over 20,000 annually in the future. Thalassemia is a rare autosomal recessive disease in which an individual’s hemoglobin synthesis is affected. The people suffering from this condition require regular blood transfusions. This increase in the prevalence of thalassemia in China is also fueling the region’s immunohematology market.
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The Middle East and Africa and Latin America are likely to show moderate market growth, owing to the various developments related to healthcare infrastructure, increasing prevalence of cancer, HIV, and blood-related diseases, growing investments by the government for development of blood transfusion techniques, and establishment of diagnostic laboratories and trauma centers.
Some major players of the global immunohematology market are Thermo Fisher Scientific, Bio-Rad Laboratories, IMMUNOCOR, Siemens Healthineers, Ortho Clinical Diagnostics, Grifols, Beckman Coulter, Becton, Dickinson and Company, Abbott Laboratories, and Merck.
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This report segments the global immunohematology market into:
Global Immunohematology Market: Product Analysis
- Immunohematology Analyzer
- Immunohematology Reagents
Global Immunohematology Market: Application Analysis
- Blood Typing
- Antibody Screening
Global Immunohematology Market: End-User Analysis
- Academic and Research Institutes
- Diagnostics and Reference Laboratories
- Blood Banks
Global Immunohematology Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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