Global Hematology Market is projected to witness a CAGR of 3% to 5% by 2027 - Increasing Applications of Flow Cytometry & Growing Trend towards POC Diagnostics for Home Testing

Hematology is a segment of medicine which is related to the study of blood and blood-forming organs. It covers a broad spectrum of benign and malignant diseases and conditions of the red and white blood cells, platelets and the coagulation system in adults, youngsters and kids. The leading specialists in hematology research, diagnose and cure various medical conditions such as anemia, bleeding disorders such as hemophilia, blood clots, sickle cell disease, and blood cancers such as leukemia, lymphoma, and myeloma.

Impact of Covid-19 Pandemic on the Global Hematology Market

The Covid-19 pandemic had positively impacted the global hematology market as there was a growing focus on hematology parameters for the analysis of Covid-19 pandemic across the world. Covid-19 pandemic had bolstered the demand for hematology analyzers which were used to run tests such as blood levels, total blood counts, and multiple analysis of blood sample. The lungs were the most infected organ by COVID-19 virus. A hematology test is necessary to examine the lungs and the RBC count. When the alveoli are damaged, the bronchial tubes collapse, which further causes blockage of air exchange. The red blood cells are also not able to carry and transport oxygen. This affects the patient affected with the Covid virus and the patient is unable to breathe.

Technological Developments and Innovations in Hematology Analyzers Fuels the Growth of the Global Hematology Market

The global hematology market has been marked by consistent technological innovations and developments, which in turn is triggering the growth of the hematology market.

For instance,
• In May 2023, Siemens Healthineers launched next-generation hematology analyzers for high-volume hematology testing, the Atellica HEMA 570 Analyzer and the Atellica HEMA 580 Analyzer.

"An increasing cases of blood disorders, technological innovations in hematology analyzers, and growing digital transformation of hematology laboratories across the world are the major factors triggering the growth of the global hematology market. Approximately, 80 million patients alone are affected with blood disorders in Europe."-Director, Leading Manufacturer of Hematology Analyzers, USA

AI-Powered Automatic Hematology Analyzers Projected to Advance the Diagnostic Capabilities of Laboratories

For analyzing various hematological diseases, the available hematology analyzers offers only the basic information. As the volume of information generated by hematology analyzers increases, the clinicians and doctors are overloaded with data and then they face problems in analyzing all the important information. The advancement of AI-powered automatic hematology analyzers applies artificial intelligence (AI) analysis to generate information which helps reduce the overall turn-around time, reduce technical misclassifications and decrease the workload of clinicians.

For instance, DH-615 hematology analyzer from Dymind Biotechnology, which is based on fluorescent nucleic acid staining technology and the company's proprietary AI Cube technology combines 6-DIFF with RET, improves the identification of abnormal cells & improves the capability to analyze hematological diseases.

Competitive Landscape Analysis: Global Hematology Market

The global hematology market is marked by the presence of some of the leading and established market players such as Sysmex Corporation, Beckman Coulter/Danaher Corporation, Siemens Healthineers, Abbott, Mindray, Nihon Kohden, Boule Diagnostics, Bio-Rad Laboratories, Horiba, Drew Scientific., etc.

The outlook of the global hematology market looks promising due to the recent technological developments in hematology analyzers, rising demand for laboratory automation to enhance precision and efficiency, rising cases of blood disorders and adoption of aggressive growth strategies adopted by the key market players.

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Ruta Halde
Associate, Medi-Tech Insights
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This release was published on openPR.