Press release
Leukocyte Count Testing Market Size Worth US$ 3.03 Billion by 2034 at a CAGR of 11.5% | Fact.MR
The world leukocyte count testing market is valued at US$ 1.02 billion in 2024 and is expected to grow to a value of US$ 3.03 billion by 2034. Global demand is anticipated to grow at a significant CAGR of 11.5% during the period from 2024 to 2034.One of the most important drivers of demand for leukocyte count testing is the increasing incidence of infections, such as bacterial, viral, and fungal infections. In clinical and hospital environments, where immune response identification within a short time is crucial for effective treatment, these tests play an especially significant role in recognizing and monitoring infections. The level of white blood cells (WBC) must be constantly measured in long-term diseases, such as sepsis, leukemia, autoimmune diseases, and more, to determine the progression of the disease and the effectiveness of treatment. The demand for periodic leukocyte count testing as ongoing disease management is prompted by this.
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What is Fueling Demand for Leukocyte count testing?
The rise in the incidence of the long-term disease, cancer combined with the increased use of digital devices to enhance patient care are the key drivers likely to drive the market during forecast years. National Cancer Institute reported that, in the U.S, there were approximately 1,735,350 new cases and approximately 609,640 deaths due to cancer reported in 2018.
Few more such factors as the high boost in capital expenditures by the medical device companies along with the government are also seen driving the market of leukocyte count testing forward in long run.
Apart from this, comfort and ease associated with home-testing, smartphone technology support, patient convenience of testing leukocyte counts are also envisioned delivering a promising growth to the market in years to come.
Regional Outlook
The U.S. is expected to have the biggest market for leukocyte count testing due to its increased adoption of new digital technology, patient awareness, well-established healthcare infrastructure, and favorable government policies. The U.S leukocyte count testing market is observing significant growth in the future.
Appropriate government policies and regulations for the reimbursement of digital health applications are likely to drive the European leukocyte count testing market during forecast years. Furthermore, Germany is predicted to have the largest market share in terms of revenue due to its national reimbursement policies where a large number of individuals are availing the digital health application in this nation.
Key Manufacturers
Some of the leading manufacturers and suppliers of leukocyte count testing include
Hemocue
Unico
Electronics India
Woodley Equipment Company Ltd
Radiometer Medical ApS
Erma Inc.
Shenzhen Prokan Electronics Inc.
NanoEnTek Inc.
Glaswarenfabrik Karl Hecht GmbH & Co KG
Manufacturers in this market engaged in several industry development activities such as a new product launch, collaborations to hold their strong position in the global market. For instance, In March 2019, HemoCue launched an in-office hemoglobin count system in the U.S.
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Segmentation of Leukocyte Count Testing Market Research
By Product Type :
Automatic
Manual
By Modal :
Benchtop
Portable
By End User :
Hospitals
Clinics
At home
Others
By Region :
North America
Western Europe
Eastern Europe
Latin America
East Asia
South Asia & Pacific
Middle East & Africa
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