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North America accounts for a significant share of the market due to the presence of leading healthcare companies and the US government’s massive investment in healthcare facilities. The amount spent on healthcare in the United States increased by 2.7% in 2021 to USD 4.3 trillion, or USD 12,914 per person. Healthcare spending made up 18.3 per cent of the country’s gross domestic product.
According to US government publications, one or more chronic diseases, such as diabetes, cancer, heart disease, or stroke, affect six out of ten Americans. An estimated 42% of adult Americans are obese, and about 30% are overweight; thus, they have to go through pathological testing frequently. Additionally, being the largest economy in the world, the growth in per capita income and consumer awareness towards health further contribute to the blood group typing market expansion.
Continuous innovation in product development further bolsters the market growth. In October 2022, as part of an exclusive agreement, Bio-Rad Laboratories, Inc. (NYSE: BIO) and the South African National Blood Service (SANBS) announced that they substantially completed the rollout of Bio-Rad's IH-500 immunohematology systems across the SANBS network of transfusion medicine laboratories.
Transfusion medicine laboratories can rely on the IH-500, a fully automated random-access platform for blood type and screening, to deliver prompt, dependable results around the clock. In collaboration with SANBS, Bio-Rad deployed its IH-500 systems throughout the organisation’s network of eighty-six laboratories and blood banks, allowing for consistent and high-quality lab testing throughout the provinces that depend on SANBS to supply South Africans with blood products and services.
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The major players in the global blood group typing market are Grifols, S.A., Bio-Rad Laboratories, Inc., Immucor, Inc., Beckman Coulter, Inc., and BAG Diagnostics GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Offering |
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Breakup by Technique |
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Breakup by Test Type |
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Breakup by End-Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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