BLOOD GROUP TYPING MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 An increase in the number of road accidents and the rising prevalence of chronic diseases are the major factors driving the growth of the market studied. In July 2022, According to the Association for Safe International Road Travel, The United States is one of the busiest countries in terms of road traffic with nearly 284 million vehicles in operation as of the third quarter of 2021. It was further reported that more than 228.7 million drivers were holding valid driving licenses as of 2020. This level of traffic is one of the reasons leading to more road accidents. In September 2020, there were some 12.15 million vehicles involved in crashes in the United States, with over half that volume being passenger cars. Thus, the increasing road fatalities and crashes are increasing the demand for blood group typing. This is expected to augment the demand for the blood group typing market over the forecast period.

The blood group typing market is expected to register a CAGR of 9.5% over the forecast period.

During the COVID-19 public health emergency, the demand for blood group typing has increased subsequently. Many individuals with weak immune systems have been infected by COVID-19 and hospitalized and may require a blood transfusion due to COVID-19. As a result, the demand for blood group typing has risen during COVID-19, following the pandemic. Many governments have also taken the initiative to help increase blood donation. For instance, in June 2020, the Maharashtra state government in India used social media initiatives to increase the number of blood donations. The move was taken following the shortage of blood in the region. Such programs have positively impacted the global blood group typing market growth in many regions during the pandemic.

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