Point of Care Hemoglobin Analyzer Market to depict huge growth of USD 1,674.16 million by 2026| Key players Are Empatica Inc., Roche Holding AG, Ceragem Medisys, Convergent Technologies, Trinity Biotech plc, etc.

According to the current analysis of Reports and Data, the Point of Care (POC)
Hemoglobin Analyzer market was valued at USD 691.35 million in 2018 and is expected to reach USD 1,674.16 million by year 2026, at a CAGR of 11.7%. Increasing incidences of anemia and other related illnesses across the world, increasing demand for blood glucose level meters, and increased awareness about Point of Care Hemoglobin Analyzers is bolstering industry growth.

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Companies considered and profiled in this market study

HemoCue Diagnostics (A Danaher Company), EKF Diagnostics, Abbott Laboratories, Infopia Co Ltd, Empatica Inc., Roche Holding AG, Ceragem Medisys, Convergent Technologies, Trinity Biotech plc, and I-Sens Inc., amongst others are operating in the burgeoning Point of Care Hemoglobin Analyzer

Anemia is widely prevalent in the developing world and is a public health challenge in many countries. Hemoglobin (Hb) assessment is a reliable indicator for anemia screening. However, there are multiple techniques with different applications available for Point of Care Hemoglobin Analyzer and through normal techniques.

Direct cyanmethemoglobin method has been the most popular method for hemoglobin estimation but other methods like hemoglobin color scale, Sahli technique, Lovibond-Drabkin technique, Tallqvist technique, copper-sulfate method, HemoCue and automated haematology analyzers are also available. Each method has a different working principle and its own advantages and disadvantages. It has been observed that Non-invasive methods of estimation like HemoCue is apt for initial screening of anemia because it is reliable, portable, does not require power supply and easy to use in poor resource settings without requiring extensive training of health workers. Hemoglobin color scale developed by HCS is another potential method that can be used in field situations. New novel product developments like these tailored for the developing world are expected to drive industry growth.

Further key findings from the report suggest-

1. The Point of Care Hemoglobin Analyzer industry is dependent on point of care diagnostic market in general. Point of Care Hemoglobin Analyzer machines, although easily available in most countries, are bound by stringent laws relating to their usage in certain settings. The lack of standardized laws in many developing countries could be a significant market restraint

2. By Applications, Anemia diagnosis occupies the largest market share for the Point of Care Hemoglobin Analyzer industry. Due to greater multi-functionality of Point of Care Hemoglobin Analyzer machines, the demand for diabetes, HIV and other types of testing is also increasing

3. North America had the largest share in the Point of Care Hemoglobin Analyzer industry in 2018, chiefly because of a high disposable income, a greater awareness about diseases in the population, high investments in research and development and more companies operating in the marketplace

4. Hospitals are the largest buyers and users of these Point of Care Hemoglobin Analyzer products. Most hospitals are large institutional buyers and have huge demand for these machines. They have specialized diagnostic divisions which are involved only in testing services. The demand from hospitals will be a major growth driver for the industry

5. Asia Pacific region will witness the highest CAGR during the forecast period on account of greater population and more incidence of diseases. There is also an urgent need to supply Clinics and Diagnostic centers in the region with point-of-care hemoglobin meters which could measure other diseases like diabetes and HIV

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For the purpose of this study, Reports and Data have segmented the industry by Method, by Application, by End Users, and by Region:

Method (Revenue, USD Million; 2016-2026)
Invasive methods
Non- Invasive methods

Application (Revenue, USD Million; 2016-2026)
Diabetes diagnosis
Anemia diagnosis
Others

End Use (Revenue, USD Million; 2016-2026)
Hospitals
Personal Use
Diagnostic Centers
Others

Region (Revenue, USD Million; 2016-2026)
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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