USD 5.80 Billion
Hematology Diagnostics Market Size, Share, Growth Analysis, By Product(Instrument, Consumables), By Test type(Blood count, Platelet function) - Industry Forecast 2024-2031
Report ID:
SQMIG35B2185 |
Region:
Global |
Published Date: February, 2024
Pages:
198
|
Tables:
63 |
Figures:
75
Hematology Diagnostics Market Insights
Global Hematology Diagnostics Market size was valued at USD 5.80 Billion in 2021 and is poised to grow from USD 6.1 Billion in 2022 to USD 9.15 Billion by 2030, at a CAGR of 5.2% during the forecast period (2023-2030).
The purpose of this market is to aid healthcare professionals in making accurate and timely diagnosis, enabling appropriate treatment and patient care. The driving factors behind the growth of the hematology diagnostics market is the increasing prevalence of blood disorders and the rising demand for early and accurate diagnosis. The market presents significant opportunities for growth. The advancements in technology, such as the development of automated hematology analyzers and point-of-care testing devices, are creating new opportunities for efficient and rapid blood analysis. The global hematology diagnostics market is driven by the need for accurate and timely diagnosis of blood disorders. While cost and skilled personnel remain challenges, technological advancements and the potential for personalized medicine offer opportunities for market growth. The market is expected to continue to expand as healthcare providers and researchers recognize the importance of hematology diagnostics in improving patient outcomes and delivering targeted therapies.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Instrument
Fastest Growth
Instrument
Growth Rate
5.2% CAGR
Global Hematology Diagnostics Market ($ Bn)
Country Share for North America Region (%)
Global Hematology Diagnostics Market Size By Type ($ Bn)
Global Hematology Diagnostics Market Size By Type (%)
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Hematology Diagnostics Market Segmental Analysis
The global hematology diagnostics market is segmented on the basis of product, test type, and region. By product, the market is segmented into instrument, and consumables. In terms of test type, the market is segmented into blood count, platelet function, hemoglobin, and hematocrit. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
The largest segment in the global hematology diagnostics market in 2022 was the Instrument segment. Hematology instruments are essential diagnostic tools used for the analysis and measurement of blood components. These instruments include automated hematology analyzers, flow cytometers, and coagulation analyzers, among others. The Instrument segment holds the largest market share due to the high demand for efficient and accurate diagnostic devices in hematology laboratories and clinical settings. The increasing prevalence of blood disorders and the need for rapid and reliable test results contribute to the dominance of the Instrument segment.
The fastest-growing segment in the global hematology diagnostics market is the Consumables segment. Consumables refer to the reagents, stains, controls, and calibrators used in hematology testing. These consumables are essential for sample preparation, staining, and quality control in hematology laboratories. The Consumables segment is witnessing rapid growth due to the increasing volume of hematology tests performed worldwide. As the number of blood samples processed continues to rise, there is a corresponding demand for consumables. Moreover, advancements in consumable technologies, such as the development of lyophilized reagents and quality control materials, contribute to the segment's growth.
Analysis by Test type
The largest segment in the global hematology diagnostics market is the blood count segment. Blood count tests are the most commonly performed diagnostic tests in hematology. They provide essential information about the quantity and quality of blood cells, including red blood cells, white blood cells, and platelets. Blood count tests are used to evaluate various conditions such as anemia, infections, and blood disorders. The Blood Count segment holds the largest market share due to the wide range of applications and the high volume of blood count tests conducted worldwide.
The fastest-growing segment in the global hematology diagnostics market is the Platelet Function segment. Platelet function tests assess the ability of platelets to form blood clots, which is crucial in evaluating bleeding disorders and monitoring antiplatelet therapy. As the incidence of cardiovascular diseases and thrombotic disorders increases, there is a growing demand for platelet function tests. These tests play a vital role in diagnosing and managing conditions such as thrombocytopenia, von Willebrand disease, and platelet dysfunction.
Global Hematology Diagnostics Market Size By Type (%), 2023 (%)
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Hematology Diagnostics Market Regional Insights
North America holds the largest market share in terms of revenue and market size. This can be attributed to the presence of well-established healthcare infrastructure, advanced diagnostic facilities, and a high adoption rate of technologically advanced hematology diagnostics in the region. Countries like the United States and Canada have a strong emphasis on healthcare expenditure and research activities, driving the growth of the market. Additionally, favorable government initiatives, increasing awareness about blood disorders, and a large patient population contribute to the dominance of North America in the hematology diagnostics market.
Asia Pacific is witnessing significant market growth due to the increasing prevalence of blood disorders, rising healthcare expenditure, and improving healthcare infrastructure in countries such as China, India, and Japan. These countries have large populations, and the growing awareness about the importance of early diagnosis and treatment of blood disorders is driving the demand for hematology diagnostics. Moreover, advancements in technology, increasing investments in healthcare, and rising disposable incomes are further propelling market growth in the Asia Pacific region.
Global Hematology Diagnostics Market Size By Geography, 2024-2031
- Largest
- Fastest
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Hematology Diagnostics Market Dynamics
Drivers
Rising Prevalence of Blood Disorders
- The increasing prevalence of blood disorders, such as anemia, leukemia, and hemophilia, is a major driver for the hematology diagnostics market. The demand for accurate and early detection of these conditions drives the adoption of hematology diagnostic solutions.
Technological Advancements
- Technological advancements in hematology diagnostic instruments and reagents drive market growth. Innovations such as high-throughput analyzers, integrated systems, and advanced data management solutions improve the efficiency, accuracy, and speed of diagnostic processes.
Restraints
High Cost of Hematology Diagnostic Instruments
- The high cost associated with hematology diagnostic instruments and reagents can act as a restraint for market growth. The initial investment and maintenance costs may limit the adoption of these solutions, particularly in resource-constrained healthcare settings.
Stringent Regulatory Requirements
- The hematology diagnostics market is subject to stringent regulatory requirements for product approval and quality control. Compliance with these regulations can pose challenges for market players, especially smaller companies, leading to slower market entry and limited product offerings.
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Hematology Diagnostics Market Competitive Landscape
The Global Hematology Diagnostics Market is highly competitive and is characterized by the presence of several prominent players. These companies are engaged in the development, manufacturing, and distribution of hematology diagnostic instruments, reagents, and software solutions. The competitive landscape is shaped by factors such as technological advancements, product innovation, strategic collaborations, and mergers and acquisitions.The competitive landscape is dynamic, with players focusing on expanding their product portfolios, developing advanced technologies, and strengthening their distribution networks to gain a competitive edge.
Top Player’s Company Profiles
- Abbott Laboratories (US)
- Siemens Healthineers (Germany)
- Sysmex Corporation (Japan)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Danaher Corporation (US)
- Nihon Kohden Corporation (Japan)
- Bio-Rad Laboratories, Inc. (US)
- Ortho Clinical Diagnostics (US)
- BioMérieux SA (France)
- HORIBA Medical (Japan)
- Mindray Medical International Limited (China)
- Boule Diagnostics AB (Sweden)
- EKF Diagnostics Holdings plc (UK)
- Drew Scientific Inc. (US)
- Diatron (Hungary)
- Mindray DS USA, Inc. (US)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- ERBA Diagnostics Mannheim GmbH (Germany)
- Research and Production Complex "Biopromin" Ltd. (Russia)
- Drucker Diagnostics (US)
Recent Developments
- In March 2022, Sysmex Corporation introduced its XN-L™ Series of hematology analyzers. These analyzers leverage advanced technologies to provide comprehensive blood cell analysis, including high sensitivity for detecting abnormal cells and improved efficiency in sample processing.
- In January 2022, Abbott Laboratories announced the launch of its Alinity h-series integrated hematology system. The system offers high-throughput, efficient hematology testing with advanced features such as automated sample processing, real-time data management, and enhanced connectivity.
- In September 2021, Danaher Corporation announced the acquisition of Cytiva's Microbiology business, which includes hematology diagnostics solutions. This acquisition strengthens Danaher's portfolio in the field of microbiology and expands its presence in the global hematology diagnostics market.
Hematology Diagnostics Key Market Trends
- Increasing Focus on Point-of-Care Testing: There is a growing trend towards point-of-care hematology testing, enabling rapid diagnosis and treatment decisions at the patient's bedside or in primary healthcare settings. The development of portable and handheld hematology analyzers facilitates quick and convenient testing, improving patient outcomes.
- Growing Adoption of Automation: Automation is gaining prominence in hematology diagnostics, streamlining laboratory workflows and reducing manual errors. The integration of robotics, sample tracking systems, and automated slide preparation enhances laboratory efficiency and productivity while ensuring accurate and consistent results.
Hematology Diagnostics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global hematology diagnostics market is expected to experience significant growth during the forecast period from 2023 to 2030. The market refers to the market for diagnostic tools and instruments used to analyze blood samples for various diseases and disorders. This market is driven by the increasing prevalence of blood-related conditions such as anemia, leukemia, and hemophilia, which require accurate and timely diagnosis for effective treatment. Technological advancements in hematology analyzers, reagents, and data management systems have improved the efficiency and accuracy of diagnostic processes. However, the high cost of instruments and stringent regulatory requirements pose challenges for market growth. Despite these challenges, there are significant opportunities for market expansion, especially with the growing focus on point-of-care testing and automation in hematology diagnostics.
North America currently holds a major share of the market due to well-established healthcare facilities and government initiatives supporting the adoption of healthcare IT. However, Asia Pacific is expected to witness significant growth in the coming years due to increasing healthcare expenditure and rising awareness about the benefits of hematology diagnostics. Overall, the global hematology diagnostics market is poised for steady growth as healthcare providers seek advanced tools and solutions to improve patient care and outcomes.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.80 Billion |
| Market size value in 2031 | USD 9.15 Billion |
| Growth Rate | 5.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Hematology Diagnostics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Hematology Diagnostics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Hematology Diagnostics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hematology Diagnostics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hematology Diagnostics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hematology Diagnostics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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