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What are the recent trends in market size and growth for the hematology diagnostic devices and equipment market?
The hematology diagnostic devices and equipment market size has grown rapidly in recent years. It will grow from $7.95 billion in 2024 to $9.04 billion in 2025 at a compound annual growth rate (CAGR) of 13.7%. 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 steady growth in the next few years. It will grow to $10.96 billion in 2029 at a compound annual growth rate (CAGR) of 4.9%. 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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How have varous drivers impacted the growth of the hematology diagnostic devices and equipment market?
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.
What are the primary segments of the hematology diagnostic devices and equipment market?
The hematology diagnostic devices and equipment market covered in this report is segmented –
1) By Product: Instruments, Consumables
2) By Instruments: Analyzers, Flow cytometers, Other Instruments
3) By Consumables: Reagents, Stains, Other Consumables
4) By Application: Drug Testing, Auto-Immune Disease, Cancer, Diabetes Mellitus, Infectious Disease, Other Applications
5) By End User: Hospitals, Specialized Diagnostic Centers, Specialized Research Institutes
Subsegments:
1) By Instruments: Hematology Analyzers, Flow Cytometers, Coagulation Analyzers, Hemoglobin Analyzers, Blood Gas Analyzers
2) By Consumables: Reagents, Test Strips, Blood Collection Tubes, Slides and Cover Slips, Others (calibration and quality control materials)
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Which firms are leading the hematology diagnostic devices and equipment market?
Major companies operating in the hematology diagnostic devices and equipment market include 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
How will industry trends affect the trajectory of the hematology diagnostic devices and equipment market?
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.
Which geographic trends are shaping the hematology diagnostic devices and equipment market, and which region has the highest market share?
North America was the largest region in the global hematology diagnostics devices and equipment market in 2023. Asia-Pacific was the second-largest region in the hematology diagnostics devices and equipment market. The regions covered in the hematology diagnostic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Hematology Diagnostic Devices And Equipment Market Report 2025 Offer?
The hematology diagnostic devices and equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Hematology diagnostic devices and equipment are essential tools used in the medical field to analyze blood samples for various conditions and diseases. These devices help in diagnosing disorders such as anemia, leukemia, and other blood-related conditions. The advancement of these devices has improved the accuracy, speed, and efficiency of hematological testing, aiding healthcare professionals in making timely and informed clinical decisions.
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