Rising prevalence of blood cancers such as leukemia and growing awareness about advanced hematology diagnostics are some key factors driving market revenue growth
Hematology Diagnostics Market Size – USD 7.10 billion in 2020, Market Growth – at a CAGR of 5.87%, Market Trends – Increasing adoption of automated hematology diagnostic systems
The global Hematology Diagnostics Market size is expected to reach USD 11.16 billion in 2028 at a CAGR of 5.87%, according to the latest report by Reports and Data. Global market revenue growth is majorly driven by surging prevalence of blood-associated disorders such as anemia, myelofibrosis, thalassemia, and malignant lymphomas, increased adoption of advanced hematology diagnostic techniques, and rising number of procedures including blood transfusion and bone marrow stem cell transplantation, and automation in hematology diagnostic procedures such as test identification and sample collection and processing.
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Hematology refers to the scientific study of blood and blood-related disorders. Hematology diagnostics include a wide range of hematology tests and require samples of whole blood, serum, urine, and other bodily fluids for proper disease diagnosis. These tests are based on in vitro diagnostic technologies such as hemostasis, blood analysis, immunodiagnostics, flow cytometry, and molecular diagnostics. These tests are widely performed to accurate diagnose various blood-related disorders such as anemia, bleeding disorders like blood clots and hemophila, and blood cancers including leukemia. Hence, hemostatis, hematology reagents, immunohematology, and hematology rapid tests are among the most common hematology diagnostic tests.
Some Key Highlights From the Report:
- Based on product type, the consumables segment is projected to account for largest revenue share in the global hematology diagnostics market over the forecast period. Growing healthcare burden of blood-related disorders worldwide, rise in demand for early and accurate disease diagnosis, surging use of hematology consumables, and increasing volumes of hematological tests are among some key factors driving growth of the consumables segment.
- The diagnostic laboratories segment is the leading end-use segment and is projected to register highest revenue growth rate over the forecast period. This segment’s growth is primarily attributed to growing prevalence of blood-related diseases, surging number of diagnostic laboratories, and technological advancements in hematology diagnostic techniques.
- North America is expected to continue to remain the leader in terms of revenue share contribution among other regional markets in the global hematology diagnostics market over the forecast period. Key factors bolstering North America market growth are surging prevalence of blood-related disorders, increasing volumes of hematological tests, and technological advances in diagnostic The region’s state-of-the-art healthcare infrastructure and rise in healthcare expenditure is further expected to support North America market revenue growth.
- Abbott Laboratories, F. Hoffmann-La Roche Ltd., Siemens Healthineers, Sysmex Corporation, Beckman Coulter, Inc., Mindray Medical International Limited, HemoCue AB, Bio-Rad Laboratories Inc., Boule Diagnostics, Horiba Ltd., EKF Diagnostics, Drew Scientific Inc., Nihon Kohden Corporation, and Ortho Clinical Diagnostics are major companies operating in the global market.
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For the purpose of this report, the global hematology diagnostics market has been segmented based on the product type, test type, end-use, and region:
By Product Type (Revenue, USD Billion; 2018-2028)
- Instruments
- Analyzers
- Flow Cytometers
- Others
- Reagents
- Consumables
- Stains
- Others
By Test Type (Revenue, USD Billion; 2018-2028)
- Full Blood Count Testing
- Red Blood Cells (RBC) Testing
- White Blood Cells (WBC) Testing
- Hemoglobin Testing
- Hematocrit and Platelets
- Blood Glucose Testing
- Renal Profiling
- Vitamin B12 Deficiency Testing
- Others
By End-user (Revenue, USD Billion; 2018-2028)
- Hospitals & Clinics
- Diagnostic Laboratories
- Others
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By Region (Revenue, USD Billion; 2018-2028)
- North America
- S.
- Canada
- Europe
- Germany
- K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of the Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
Radical Features of the Report:
- Offers a comprehensive overview of the Hematology Diagnostics market along with product portfolio and supply chain assessment
- Complete analysis of the competitive landscape including expansion strategies, product portfolio, production capacity, and strategic initiatives
- Extensive analysis of market drivers, constraints, suppliers and distributors, limitations, opportunities, marketing and production, and other key segments
- SWOT analysis and Porter’s Five Forces analysis to offer accurate insights
- Complete coverage of key technological developments, market trends, and product developments
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Table of content
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Material Type Outlook
2.3. Application Outlook
2.4. Regional Insights
Chapter 3. Hematology Diagnostics Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s Five Forces
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Hematology Diagnostics Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Consumer Calorie Perception
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Hematology Diagnostics Market: Product Type Estimates & Trend Analysis
Continued....
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