In 2015, the global immunohematology market was worth USD 1.5 billion. This market will see significant growth due to the introduction of new technologies and product launches. The growth is being accelerated by hospitals and diagnostic laboratories shifting to automated instrumentation and integration across multiple functions on a single platform.
U.S. Immunohematology Market by Product, 2013-2024 (USD Million).
Industry players are investing more in research and development to boost market growth. Grifols spent USD 256.97million and USD 211.95million in R&D during 2015 and 2014.
In the industry, there is a growing emphasis on diversification. As an expansion strategy, mergers and acquisitions are a dynamic strategy that key industry players employ.
Immucor purchased Sirona Genomics for USD 14.4 Million in March 2016. The original deal was signed in 2014, and it was completed in 2016. The company plans to include HLA typing products into its product portfolio. This deal was originally signed in 2014 and completed in 2016.
2015 saw the largest market share for immunohematology reagents. Due to the growing demand for immunohematology reagents and an increase in blood banks, this segment accounted a large share of 2015's market. Automated analyzers work with a specific set of reagents. This makes them a mandatory and recurring purchase in hospitals and diagnostic labs.
Automated immunohematology analyzers are expected to grow faster over the forecast period. Automated analyzers can be more precise and provide quicker results. They also consume less reagents. Some analyzers can display digital results immediately on the screen. This allows for faster screening and categorization.
The largest market share for immunohematology was held by hospitals. Hospitals must check blood donated for infection, determine the parameters for hematology components and conduct pre-transfusion compatibility testing of recipients and donors.
Market for immunohematology, by end-use in 2015
Transfusions are made more efficient and safer by using cell counters, analyzers and reagents. Due to an increase in blood banks, increased awareness about donation and an increase in voluntary donors around the world, blood banks make up the majority of shareholders. Grifols has more than 43 plasma collection centres in the United States as part of their vertical integration strategy. They acquired Grifols in 2002.
North America was the biggest market in 2015 High demand for immunohematology products is due to the high number of blood banks and trauma centers in this region.
A large number of target diseases such as cancer and sickle cell disease are contributing to the high demand. Multiple blood transfusions are required for patients with sickle cell disease and those suffering from cancer. Sickle cell disease affects approximately 0.1 million people. Additionally, 1,000 babies are born each year with the condition.
Its large share is also due to the acceptance of new technology and preference for automated technology. Companies are eager to launch products in the region because the U.S. FDA has granted clearance for many advanced technology-based products.
Europe is expected to be a key shareholder in the hematology industry. This region is helped by the presence of industry giants like Grifols, Roche Diagnostics Corporation and Siemens Healthcare. Asia Pacific is projected to experience growth during the forecast period. The untapped potential in the region is being highlighted by industry players who are expanding their presence.
Siemens' new Shenzhen healthcare image center was opened in July 2015. It houses a diagnostic imaging unit, conducts workshops, presents, and meets with immunohematology technologists. Roche Diagnostics Corporation also invested USD 455 millions in 2014 to expand its Chinese diagnostic business.
Bio-Rad Laboratories, Inc., Immucor, Ortho Clinical Diagnostics, Grifols, BD (Becton Dixonson); Hologic, Inc., Siemens Healthcare GmbH, ThermoFisher, Abbott, and Beckman Coulter, Inc. are some key industry players.
Market consolidation is being helped by the dynamic merger and acquisition activity in the sector. Many companies have adopted the strategy of acquiring smaller players to increase their product offerings as a key strategy for growth.
Immucor, for example, acquired the transplant and other immune-monitoring sections of Hologic, Inc. in March 2013. It was expected that it would complement the product portfolio. It was originally owned by Gen-Probe Incorporated, which Hologic, Inc. purchased in August 2012.
Major companies are constantly introducing new products to increase market growth. Ortho Vision is a transfusion analyzer that was launched by Ortho Clinical Diagnostics in August 2015. It is currently available in the U.S.
This report provides a forecast of revenue growth as well as an analysis of the most recent trends in each sub-segment from 2013 to 2024. Grand View Research has divided the global immunohematology market by product, region, and end-use.
Analyzer for immunohematology
Reagent for immunohematology
Hospitals
Blood banks
Diagnostic laboratories
North America
The U.S.
Canada
Europe
U.K.
Germany
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
MEA
South Africa
b. Global immunohematology market was valued at USD 1.85 Billion in 2019, and will reach USD 1.94 Billion by 2020.
What is the growth rate of the immunohematology market?b. Global immunohematology markets are expected to grow at a compound annual rate of 5.0% between 2016 and 2024, reaching USD 2.36 billion in 2024.
Which market segment had the largest share of immunohematology?b. With a 42.0% share in 2019, North America was the leader of the immunohematology market. This is due to the large number of trauma centers, blood bank facilities, and large cohort of target diseases such as cancer.
What are the major players in the immunohematology marketb. b.
What are the driving factors for the immunohematology marketb. Market growth is driven by the development of new technologies for blood screening, and product launches. Key players are investing more in research and development.
Up Market Research published a new report titled “Immunohematology Market research report which is segmented by End Use (Hospitals, Blood banks, Diagnostic Laboratories), by Product (Immunohematology Reagent, Immunohematology Analyzer), By Players/Companies Bio-Rad Laboratories, Inc, Inc; Siemens Healthineers; ThermoFisher; Abbott; and Beckman Coulter, Inc; Immucor; Ortho Clinical Diagnostics; Grifols; BD (Becton Dickinson); Hologic”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Immunohematology Market Research Report |
By End Use | Hospitals, Blood banks, Diagnostic Laboratories |
By Product | Immunohematology Reagent, Immunohematology Analyzer |
By Companies | Bio-Rad Laboratories, Inc, Inc; Siemens Healthineers; ThermoFisher; Abbott; and Beckman Coulter, Inc; Immucor; Ortho Clinical Diagnostics; Grifols; BD (Becton Dickinson); Hologic |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 200 |
Number of Tables & Figures | 140 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End Use (Hospitals, Blood banks, Diagnostic Laboratories), by Product (Immunohematology Reagent, Immunohematology Analyzer).
Immunohematology Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Immunohematology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Immunohematology Market Report:
Some other reports from this category!