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Immunohematology Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-21 

Immunohematology Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Rapid technological advancements, alongside increasing deployment of automated systems in blood screening, are likely to fuel global immunohematology market outlook over the forecast spell.

Likewise, shifting preference of patients towards technologically advanced and automated analyzers, coupled with high adoption of serological tests including reverse typing, will further augment industry expansion in the coming years. In order to enhance the position in the global market, industry players are focusing on developing advanced techniques for investigating immunohematology. Accelerating incidences and risk factors of several hematological diseases including Thalassemia, leukemia, and sickle-cell disorders will add impetus to the immunohematology market growth over the projected timeframe.

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According to reliable reports, the global immunohematology market size is expected to exceed $2.7 billion by 2024.

Increasing efforts undertaken by internationally recognized institutions such as the World Health Organization to support the national blood systems to determine access to reliable and sufficient supply of blood and blood-related products will intensify the market demand in the near future.

Concerning the type of technology, gel cards have gained considerable recognition over the years owing to the increasing use of gel cards in antigen detection, antibody identification as well as cross-matching. These are considered to be faster, safer, reduce incidences of technical errors, and eliminate the need for skilled professionals.

The constant increase in the number of people suffering from hematological disorders like leukemia, sickle-cell disorder, and thalassemia are other major reasons supporting the need for immunohematology. As per the National Cancer Institute, during the year 2017, nearly 434,982 people in the United States were suffering from leukemia.

The growing prevalence of diseases and increased hospital admissions in both developed and developing nations in order to cater to the wide medical needs of the people has emerged as a major reason supplementing developments in the industry. During the year 2017, hospitals accounted for 54.2% of the total immunohematology industry revenue share.

With respect to geographical expanse, the U.S. has emerged as a profitable revenue terrain over the years for healthcare businesses due to the wide prevalence of hematological disorders among the people in the region. During the year 2017, the U.S. immunohematology market held the maximum revenue share of USD 616.5 million.

Constant developments in the regional healthcare industry will continue to drive healthcare advancements in the coming years. The presence of a high number of industry players in the U.S. will also support regional business expansion.

As coronavirus continues to wreak havoc worldwide, scientists are racing to develop effective antidotes for the new COVID-19, which started infecting humans late last year. Researchers are exploring several avenues to come up with treatments that may help fight the lethal virus. One such possible treatment is Convalescent Plasma Therapy.

Countries like China and India have initiated a clinical trial for plasma therapy which involves using antibodies from the blood of a COVID-19 patient to treat those who are critically suffering from the virus. The therapy may also be used to immunize those at a high risk of contracting the virus-like the family of the patients, health workers, and other high- risk contacts. This has further amplified the growth prospects of immunohematology market.

Immunohematology providers are constantly working towards increasing their market share by way of entering into strategic alliances, mergers, and acquisitions to achieve a competitive edge and expand their geographical reach. For instance, in April 2020, California based Bio-Rad Laboratories reportedly acquired Celsee Inc. – an entity that provides instruments and consumables for the detection and analysis of single cells.

The purchase will help the scientists carefully study and combine cellular behavior and collect cell-based information for enhanced results in applications like single-cell transcriptomics, single-cell multiomics as well as immune-monitoring. Some of the other leading industry players include Siemens Healthcare GmbH, Abbott, Thermo Fisher Scientific, Roche Diagnostics, and Grifols, among various others. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/immunohematology-market

Partial Chapter of the Table of Content 

Chapter 4. Immunohematology Market, By Product

4.1. Key segment trends

4.2. Analyzers

4.2.1.  Market size, by region, 2013-2024 (USD Million)

4.3. Reagents

4.3.1.  Market size, by region, 2013-2024 (USD Million)

Chapter 5. Immunohematology Market, By Technology

5.1. Key segment trends

5.2. Biochips

5.2.1.  Market size, by region, 2013-2024 (USD Million)

5.3. Gel cards

5.3.1.  Market size, by region, 2013-2024 (USD Million)

5.4. Microplates

5.4.1.  Market size, by region, 2013-2024 (USD Million)

5.5. Polymerase Chain Reaction

5.5.1.  Market size, by region, 2013-2024 (USD Million)

5.6. Erythrocyte-magnetized technology (EMT)

5.6.1.  Market size, by region, 2013-2024 (USD Million)

5.7. Erythrocyte-magnetized technology (EMT)

5.7.1.  Market size, by region, 2013-2024 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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