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Hematology Analyzers and Reagents Market Trends, Top Companies, Share, Growth And Forecast 2033
Hematology Analyzers and Reagents Market Trends
According to The Business Research Company's, The hematology analyzers and reagents market size has grown strongly in recent years. It will grow from $4.56 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, aging population, increased disease burden, rising prevalence of infectious diseases.
The hematology analyzers and reagents market size is expected to see strongly grown in the next few years. It will grow to $6.12 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to global health concerns, growing investment in hematology analyzer and reagent infrastructure, personalized medicine, expansion of remote monitoring. Major trends in the forecast period include advancements in technology, high-sensitivity testing, molecular hematology testing, automation and integration, point-of-care testing (poct), data analytics and artificial intelligence, digital hematology.
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Market Drivers and Trends:
The rising number of blood donations globally is driving the hematology analyzers and reagents market as hematology analyzers are used to test and screen blood in blood banks. Blood collected from donors through blood donation camps or bloodmobiles is sent to blood banks where hematology analyzers are used to screen and test the blood. These screening tests determine the blood type, analyze the blood plasma and detect infectious diseases. Blood banks are witnessing a huge outflow of blood to hospitals and other end-users and an inflow of blood from blood donations daily. According to the WHO, there was an increase of 7.8 million blood donations from voluntary unpaid donors. As the number of people donating blood increases, the demand for hematology analyzers and reagents increases, thereby driving the hematology analyzers and reagents market growth.
Hematology analyzers manufacturers are increasingly investing in the research and development of analyzers with microfluidics technology that use low volumes of samples and reagents. Microfluidics deal with the flow of liquids inside channels as small as a few micrometers. Low reagent consumption by hematology analyzers with microfluidics technology helps reduce operating costs significantly. For instance, the HA5 hematology system from BioSystems is based on microfluidics technology and uses approximately 75% fewer reagents compared to normal hematology analyzers. Also, the respons®3H and respons®5H hematology systems by DiaSys use microfluidics technology and consume 70% fewer reagents.
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Major Key Players of the Market:
Abbott Laboratories; Bio-Rad Laboratories; Horiba Ltd.; Siemens AG; Sysmex Corporation; BioSystems Diagnostics Pvt. Ltd; Boule Diagnostics; Danaher Corporation; Diatron MI PLC; Drew Scientific; EKF Diagnostics; Mindray; Nihon Kohden; Ortho Clinical Diagnostics; Roche; Beckman Coulter; Bayer AG; Cholestech; Heska; Drucker; Instrumentation Laboratory; Abaxis Inc.; Accriva Diagnostics; ACON; Diamond Diagnostics; ERBA Diagnostics; Hycel; Maccura Biotechnology Co. Ltd.; Genrui Biotech Inc.; A&T Corporation; Beijing Succeeder Technology Inc.; Diagnostica Stago SAS
Hematology Analyzers and Reagents Market 2024 Key Insights:
• The hematology analyzers and reagents market size will grow to $6.12 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
• Increase In Blood Donations Fuels Hematology Analyzers And Reagents Market Growth
• Advancements In Hematology Analyzers With Microfluidics Technology
• North America was the largest region in the hematology analyzers and reagents market in 2023
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