Global Portable Hemoglobin Meter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Portable Hemoglobin Meter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A hemoglobin meter is a medical measuring device of hemoglobin blood concentration. It can operate by spectrophotometric measurement of hemoglobin concentration. Portable hemoglobinometers provide easy and convenient measurement of hematological variables, especially in areas where no clinic laboratories are available.

Market Overview:

The latest research study on the global Portable Hemoglobin Meter market finds that the global Portable Hemoglobin Meter market reached a value of USD 303.98 million in 2022. It’s expected that the market will achieve USD 410.39 million by 2028, exhibiting a CAGR of 5.13% during the forecast period.

Lack of awareness

Lack of awareness about the importance of hemoglobin meter, a stringent regulatory scenario for product approvals may impede the growth of the portable hemoglobin meter market.

Stiff competition

With major manufacturers and suppliers in the Portable Hemoglobin Meter industry competing at globally, the intensity of competition within the Portable Hemoglobin Meter industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a Portable Hemoglobin Meter business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established Portable Hemoglobin Meter manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry.

Lack of awareness

Lack of awareness about the importance of hemoglobin meter, a stringent regulatory scenario for product approvals may impede the growth of the portable hemoglobin meter market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (38.07% in 2021).Lack of awareness

Company Overview:

HemoCue is one of the major players operating in the Portable Hemoglobin Meter market, holding a share of 13.23% in 2022.

HemoCue

HemoCue - a Danaher company - develops, produces and markets medical diagnostic products for point-of-care testing within hematology and diabetes. HemoCue is part of the Danaher family of companies, within the Diagnostics platform. Danaher is a global science and technology innovator. HemoCue offers point of care tests for glucose, urine albumin and HbA1c as well as total and differential white blood cell count.

Abbott

Abbott Laboratories discovers, develops, manufactures, and sells a broad and diversified line of health care products and services. The Company's products include pharmaceuticals, nutritional, diagnostics, and vascular products. Abbott markets its products worldwide through affiliates and distributors.

Segmentation Overview:

Among different product types, Semi-automatic segment is anticipated to contribute the largest market share in 2027.

In terms of the type, the Portable Hemoglobin Meter market can be segmented into Full-automatic, Semi-automatic. Portable hemoglobin meters are battery or electrically operated and come in both semi-automatic and full-automatic options. Fully automatic portable hemoglobin meter is that there is no need for manual dilution, while a semi-automatic portable hemoglobin meter requires manual liquid dispensing. Fully automated Portable and high-performance digital Hemoglobin Meter provides easy, fast & very accurate monitoring of hemoglobin. In this the adjustment or calibration is not needed and ensures to provide results within 15 seconds.

Application Overview:

The market's largest segment by application is the segment Hospital, with a market share of 54.75% in 2021.

Key Companies in the global Portable Hemoglobin Meter market covered in Chapter 3:

Fresenius Kabi AG
Konsung Medical Group
Abbott
HUMAN Diagnostics
Sensa Core Medical
HemoCue
ACON
PTS Diagnostics
GREEN CROSS MEDIS
EKF Diagnostics
Siemens

In Chapter 4 and Chapter 14.2, on the basis of types, the Portable Hemoglobin Meter market from 2018 to 2029 is primarily split into:

Full-automatic
Semi-automatic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Portable Hemoglobin Meter market from 2018 to 2029 covers:

Hospital
Lab
Household
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)