Blood Group Typing Market Insights: From USD 1.9 Billion to Over USD 3.3 Billion by 2030
The Blood Group Typing Market is expected to grow at a rapid pace over the coming years. In 2023, the market was valued at USD 1.9 billion, and by 2030, it's projected to surpass USD 3.3 billion, growing at a compound annual growth rate (CAGR) of 8.2%. This surge in market value highlights the increasing demand for blood typing in various healthcare sectors. What is Blood Group Typing? Blood group typing is the process of determining an individual's blood group, typically classified into A, B, AB, or O types. This crucial medical procedure ensures compatibility for blood transfusions, organ transplants, and managing pregnancies where blood group incompatibility may lead to complications. It also plays an important role in research, diagnostics, and therapeutics. Why is the Blood Group Typing Market Growing? Several factors contribute to the rapid growth of the blood group typing market: Rising Demand for Blood Transfusions : The growing number of surgeries and trauma cases