Global Hematology Diagnostics Market to cross US$ 5,000 Mn by 2026

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Hematology is defined as the diagnostic classification of cells present in the blood and resulting identification of diseases of the blood-forming organs and diseases of the blood. It includes the calculation of WBC, RBC, and platelets. The analysis for hematologic disorders is related to disease monitoring, prognosis, diagnosis, and screening. Rise in prevalence of blood disorders, technological advancements and introduction of new technically advanced fully automated hematology analyzers, significant demand for laboratory automation, and increase in consolidation among market players and diagnostic laboratories are key factors that are expected to drive the global hematology diagnostics market during the forecast period.

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The hematology diagnostics market has been segmented based on product type, end-user, and geography. Based on product type, the hematology diagnostics market has been classified into hematology instruments and hematology consumables. In terms of end-user, the market has been segregated into diagnostic laboratories, hospitals & clinics, academic institutes, and others. Based on geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The research is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the expected revenue of the hematology diagnostics market in the near future. Primary research formed the bulk of our research efforts with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation and various international and national databases. The report provides estimated market size in terms of US$ Mn for product, application and geography for the period 2017 to 2026, considering the macro and micro environmental factors. The revenue generated from each product and application was calculated by considering the hematology diagnostics market product sales.

The global hematology diagnostics market is primarily driven by the increase in POCT in developed countries, advancement in technology leading to easy usage, and ultrasensitive method with dynamic range of tests. However, a lack of awareness in developing countries and the high price of automated instruments are major restraints of the global hematology diagnostics market. North America and Europe are projected to dominate the global hematology diagnostics market in the near future owing to the increase in manufacturer focus on business expansion in these regions. Market players are consistently developing advanced products for hematology diagnostics and entering into distribution agreements in order to strengthen their footprint in the market in North America and Europe. Asia Pacific is considered to be an emerging market for hematology instruments and hematology consumables due to the rise in demand for fully automated hematology analyzers, as the penetration of these instruments is less, currently.

The market report comprises an elaborated executive summary, which includes market snapshot that provides information about various segments of the market. It also provides information and data analysis of the market with respect to market segments based on product type, end-user, and geography. The market overview section of the report analyzes market dynamics such as drivers, restraints, and opportunities that influence the hematology diagnostics market in the current and future scenario. The report also provides the Porter’s five forces analysis, the acquisitions timeline of the hematology diagnostics market companies, SWOT analysis of the market, key vendor and distributor analysis, and comparative analysis of the hematology diagnostics market.

Market share analysis among the market players is analyzed to signify the contribution of these players in the market in terms of percentage share. All these factors will help the market players to decide about the business strategies and plans to strengthen their positions in the global market. Based on geography, the market has been analyzed for major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study also covers detailed country analysis contributing majorly in the hematology diagnostics market.

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The report also profiles the major players operating in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Companies profiled in the hematology diagnostics market report include Abbott Laboratories, Sysmex Corporation, F. Hoffmann-La Roche Ltd., Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., Mindray Medical International Limited, Siemens Healthineers, HORIBA, Ltd., HemoCue AB, and Danaher (Beckman Coulter, Inc.).

The hematology diagnostics market has been segmented as follows:

Hematology Diagnostics Market, by Product Type
- Hematology Instruments
Hematology Analyzers
-Fully-automated Hematology Analyzers
-Semi-automated Hematology Analyzers

Flow Cytometers
Others

Hematology Consumables
- Reagents
- Stains
- Controls & Calibrators
- Others

Hematology Diagnostics Market, by End-user
- Diagnostic Laboratories
- Hospitals & Clinics
- Academic Institutes
- Others
Hematology Diagnostics Market Revenue, by Geography

North America
- U.S.
- Canada

Europe
- U.K
- Germany
- Spain
- France
- Italy
- Rest of Europe

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Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- Rest of Asia Pacific

Latin America
- Brazil
- Mexico
- Rest of LATAM

Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA

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