Hematology Diagnostics Market By Product Type (Hematology Instrument, Hematology Consumables), By Test Type (Complete Blood Count (CBC), Platelet Function Testing, Hemoglobin Testing, Others), By End User (Hospitals and Clinics, Diagnostic Laboratories, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The hematology diagnostics market was valued at $10.9 billion in 2022 and is estimated to reach $16.9 billion by 2032, exhibiting a CAGR of 4.4% from 2023 to 2032. The field of hematology is concerned with the physical, pathological, etiological, diagnostic, therapeutic, prognostic and preventive aspects of blood diseases and disorders. It refers to the science and practice of diagnosing and treating blood disorders, malignancies and diseases related to blood such as hemophilia, anemia, thrombocytopenia, blood clotting, leukemia, lymphoma and myeloma, as well as sickle cell anemia. Hematology diagnosis focuses mainly on the lymphatic system and bone marrow and can diagnose blood count abnormalities or platelet abnormalities.
Blood is composed of multiple components, including plasma (which makes up approximately 55% of the volume) and red, white, and platelet cells (which together make up approximately 45% of the volume). About 45% of entire blood is composed of red blood cells, usually referred to as erythrocytes or RBCs, transport oxygen from the lungs to the body's tissue. White blood cells, also produced in the bone marrow and referred to as leukocytes or WBCs, aid in the fight against infection. They comprise less than 1% of whole blood, together with platelets. Diagnosis of diseases related to these cells such as hematologic malignancies, coagulopathy, anemia, and hemoglobinopathy are considered under hematology diagnostics. Various instruments and consumables are used in the process of hematology diagnosis for blood collections and screening.
The most commonly performed hematology test is the complete blood count, or CBC. This test is frequently performed as part of a routine examination, and can identify infections, immune system diseases, blood malignancies, anemia, and clotting issues. CBC hematology test includes platelet count, hematocrit red blood cell volume (HCT), hemoglobin concentration (HB), differential white blood count, red blood cell indices and red blood cell count (RBC).
Major factors driving the growth of hematology diagnostics market include rising incidences of blood disorders, rising prevalence of chronic diseases requiring regular hematological testing, and rising awareness among population regarding routine physical checkups. The need for hematology diagnostics is growing as the incidences of blood disorders increase. It is necessary to carry out routine testing and monitoring on patients with suspected or confirmed blood disorders in order to make a diagnosis, assess the severity of the problem, and monitor its course. This is driving the market for hematology diagnostics.
In addition, effective treatment and management of blood diseases depend on early diagnosis and detection of the condition. The significance of early diagnosis has become more widely recognized because of the increased incidences of these illnesses. Hematology test recommendations and execution are mostly recommended by the healthcare professionals, which is fueling the market's expansion.
The market for hematology diagnostics is segmented on the basis of product type, test type, end user, and region. On the basis of product type, the market is segmented into hematology instrument and hematology consumables. The hematology instrument segment is further segmented into hematology analyzers, flow cytometers and others. The hematology analyzers segment is further segmented into fully automated hematology analyzers and semi-automated hematology analyzers, whereas flow cytometry segment is further segmented into cell-based flow cytometry and bead-based flow cytometry. On the basis of test type, the market is segmented into complete blood count (CBC), platelet function test, hemoglobin test and others. Based on end user, the market is segmented into Hospitals & clinics, diagnostic laboratories, and others.
By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA. Major players profiled in this report are Cardinal Health Inc., Danaher Corporation, Siemens AG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., F. Hoffmann-La Roche Ltd., Sysmex Corporation, Abbott Laboratories, EKF Diagnostics Holdings plc, Nihon Kohden Corporation, and Erba Group.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hematology diagnostics market analysis from 2022 to 2032 to identify the prevailing hematology diagnostics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hematology diagnostics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global hematology diagnostics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
Hematology Instrument
Type
Hematology Analyzers◦ Type
Flow Cytometry◦ Type
Others
Hematology Consumables
By Test Type
Complete Blood Count (CBC)
Platelet Function Testing
Hemoglobin Testing
Others
By End User
Hospitals and Clinics
Diagnostic Laboratories
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Cardinal Health Inc.
Siemens AG
F. Hoffmann-La Roche Ltd.
Abbott Laboratories
EKF Diagnostics Holdings plc
Danaher Corporation
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Sysmex Corporation
Nihon Kohden Corporation
Erba Mannheim
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