|Immunohematology Market To Reach USD 2.45 Billion By 2026 | Reports And Data|
|By GLOBE NEWSWIRE|
|Wednesday, 04 December 2019 10:00|
New York, Dec. 04, 2019 (GLOBE NEWSWIRE)
New York, Dec. 04, 2019 (GLOBE NEWSWIRE) -- Increasing patient pool with hematological diseases, high incidence trauma cases, rapid technological developments, rapid expansion of the healthcare sector and increased awareness regarding medical care are key factors contributing to high CAGR of Immunohematology during forecast period.
According to the current analysis of Reports and Data, the global Immunohematology market was valued at USD 1.66 billion in 2018 and is expected to reach USD 2.45 billion by the year 2026, growing at a CAGR of 5.0%. Immunohematology is a branch of “Hematology,” which facilitates the screening of donor blood for antigens, Rh factor, and other blood components such as white blood cells. Commonly known as “Blood Banking,” it prepares blood components for transfusion and helps in reducing transfusion-related diseases such as HIV and thalassemia.
Immunohematology enables safe blood transfusion and transplantation of hematopoietic tissue, as well as prevent the undesired immune-related complications, transplantation, and pregnancy-related issues. High incidence of hematological diseases, increasing demand for platelets, plasma factors, and immunoglobin, the rapid development of blood banks by government and private institutions, and increased awareness regarding the importance of blood-transfusion related diseases are some of the key factors propelling the market growth.
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Technological advancements in the immunohematology devices include fully automated analyzers that perform the blood screening test and deliver speedy & accurate results. The technological advances have significantly improved the clinical outcomes and helped increasing reliability and accuracy. Such advancements have enabled the end-users to adopt a vitro study of blood compatibility between the receiver’s and donor’s blood. Advanced antiglobulin screening instruments and assays validate for proper blood typing. Key market players are significantly investing in Research & Development and product innovation. Furthermore, the companies are focusing on improving the safety and longevity of blood stored in blood banks by innovating advanced immunohematology devices.
The upcoming market trend is of Reagent rentals or leasing analyzers. However, considering that the high costs of the analyzers and of reagents are reducing the sales of immunohematology devices, manufacturers are permitting the end-users to rent the advanced reagents and analyzers. The biggest problems hampering the market growth is the availability of the truly voluntary altruistic blood donor. Despite, screening for transfusion transmissible diseases is now widespread although there is still a scope and requirement to enhance quality assurance procedures and to improve the outcome. Lack of awareness and shortage of skilled professionals to carry out the process are some of the major hindrances to the immunohematology market during the forecast period.
Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/immunohematology-market
Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Immunohematology market on the basis of Product, Application, Disease, End use, and region:
Product (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
Disease (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
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