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Hematology Diagnostic Devices And Equipment Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033
Hematology Diagnostic Devices And Equipment Market Size
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According to The Business Research Company's, The hematology diagnostic devices and equipment market size has grown rapidly in recent years. It will grow from $2.15 billion in 2023 to $2.41 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to clinical diagnostics, blood banking, oncology and hematological disorders, monitoring disease progression.
The hematology diagnostic devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to aging population, personalized medicine, rising blood-related disorders, hematological biomarkers. Major trends in the forecast period include technological advancements, point-of-care hematology testing, automation and integration, telemedicine and remote monitoring.
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Market Drivers and Trends:
Hematology diagnostic devices are driven by the increase in the prevalence of blood disorders. Hematology diagnostic devices are widely used to identify the type of blood disorder. A blood disorder is a condition which is impacting the count of the blood cells like red blood cells, white blood cells, platelets, etc. Blood disorders affect millions of people each year across the world irrespective of age, race, and sex. For instance, according to the World Health Organization, Hemoglobin disorder is affects 75% of the total births globally and the prevalence of Anemia is 12.7% in men.
Companies in the field of hematology diagnostic devices are increasingly investing in automation technology. Automation technology advancements are driving the demand for hematology analyzers, and this automation will reduce the errors caused by manual practices in diagnostic centers. For example, top companies like Sysmex acquired a CLIA waiver for a new automated hematology analyzer, and by selling this product, Sysmex makes it possible for clinical facilities to perform hematology testing without any manual errors. CLIA regulations establish quality standards for laboratory testing performed on specimens from humans, such as blood, body fluid, and tissue, for diagnosis, prevention, or treatment of disease, or assessment of health.
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Major Key Players of the Market:
Abbott Diagnostics, Beckman Coulter Inc., Bio-Rad Laboratories Inc., Drucker Diagnostics Inc., Horiba Ltd., Instrumentation Laboratory Inc., Siemens Healthcare, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., F.Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., HemoCue AB, Mindray Medical International Limited, NORMA Group, Danaher Corporation, Edan Instruments Inc., Novo Nordisk, Sysmex Corporation, Fluidigm Corporation, CellaVision, Maccura Biotechnology Co., DY mind Biotech, Balio Diagnostics, BioSystems Diagnostics Pvt. Ltd., Wiener Lab, Accurex Biomedical Pvt. Ltd., ARKRAY USA, Boule Diagnostics AB, DermaFlow, Diagnostics Holdings, Diatron Group, EKF Diagnostics Holdings, Grifols, S.A., ICU Medical Inc., Nihon Kohden Corporation, Ortho Clinical Diagnostics, PixCell Medical, STRATEC Biomedical AG, Terumo BCT, Z-Medica Corporation
Hematology Diagnostic Devices And Equipment Market 2024 Key Insights:
• The hematology diagnostic devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
• Growing Impact Of Blood Disorders To Drive Market Growth
• Automation Technology Revolutionizes Hematology Diagnostic Devices And Equipment Market
• North America was the largest region in the global hematology diagnostics devices and equipment market in 2023
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