The hemoglobin meter global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hemoglobin Meter Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The hemoglobin meter market size has grown rapidly in recent years. It will grow from $2.2 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to the increasing prevalence of anemia, rising global incidence of blood disorders, expansion of healthcare facilities, increasing government health initiatives and funding, growth in the point-of-care testing market, and increasing adoption of preventive healthcare.
The hemoglobin meter market size is expected to see rapid growth in the next few years. It will grow to $3.82 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to growing awareness about early diagnosis, rising demand for preventive healthcare solutions, the expansion of the home testing kits market, growth in real-time data monitoring solutions, and enhanced accuracy and speed of testing devices. Major trends in the forecast period include technological advancements, integration with digital health platforms, point-of-care testing, advancements in sensor technology, improvements in data accuracy and precision, and the and the development of multi-functional meters.
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Scope Of Hemoglobin Meter Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hemoglobin Meter Market Overview
Market Drivers –
The rising prevalence of anemia is expected to propel the growth of the hemoglobin meter market going forward. Anemia is a condition characterized by a deficiency of red blood cells, or hemoglobin, leading to reduced oxygen transport in the body. The rising prevalence of anemia is driven by nutrient deficiencies, particularly in iron, vitamin B12, and folate, often due to poor dietary habits and limited access to nutrient-rich foods. Additionally, poverty, lack of access to healthcare, and genetic disorders can cause chronic anemia by disrupting red blood cell production. A hemoglobin meter is used in anemia to measure the concentration of hemoglobin in the blood, helping to diagnose and monitor the severity of the condition. For instance, in July 2023, according to the Institute for Health Metrics and Evaluation (IHME), a U.K.-based national and international public health agency and research institute, nearly 2 billion people worldwide were affected by anemia, with a higher prevalence in women compared to men. Globally, 31.2% of women had anemia, compared to 17.5% for men. This gender disparity was particularly evident during the reproductive years (ages 15–49), with anemia affecting 33.7% of women compared to 11.3% of men in this age group. Therefore, the rising prevalence of anemia will drive the growth of the hemoglobin meter market.
Market Trends –
Major companies operating in the hemoglobin meter market are focusing on innovative solutions such as fingerstick blood tests to reduce healthcare costs associated with laboratory visits. The fingerstick blood test is a quick and minimally invasive technique for collecting blood samples via a small skin puncture, enabling rapid and convenient health monitoring from home. For instance, in October 2023, Sanguina Inc., a US-based medical biotechnology company, received clearance from the U.S. Food and Drug Administration (FDA) for its home hemoglobin test kit, AnemoCheck Home. Which is a home hemoglobin test kit that enables individuals to conveniently monitor their hemoglobin levels from the comfort of their own homes. As the sole FDA-approved home hemoglobin test in the United States, it caters to those with conditions such as anemia resulting from nutritional deficiencies, thalassemia, and sickle cell disease. The kit employs an easy fingerstick blood collection technique, allowing users to obtain a blood sample with minimal discomfort.
The hemoglobin meter market covered in this report is segmented –
1) By Type: Full Automatic, Semi Automatic
2) By Product: Bench Top, Portable
3) By Application: Hospitals, Labs, Other Applications
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Regional Insights –
North America was the largest region in the hemoglobin meter market in 2023. The regions covered in the hemoglobin meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the hemoglobin meter market are F Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc, Abbott Laboratories, Danaher Corporation, Siemens Healthcare GmbH, Terumo Corporation, Shenzhen Mindray Bio-Medical Electronics Co Ltd., Beckman Coulter Inc, Quidel Corporation, Sysmex Corporation, Bio-Rad Laboratories Inc, Nihon Kohden Corporation, Nova Biomedical Corporation, Green Cross Medis Corp, Instrumentation Laboratory Company, ACON Laboratories Inc, Erba Diagnostics Mannheim GmbH, Transasia Bio-Medicals Ltd, Trinity Biotech, HemoCue AB, EKF Diagnostics Holdings plc, Boule Diagnostics AB, PTS Diagnostics, HUMAN Diagnostics Worldwide, Osang Healthcare Co. Ltd., Labtronics, DiaSys Diagnostic Systems GmbH, PixCell Medical Technologies Ltd.< /b>
Table of Contents
1. Executive Summary
2. Hemoglobin Meter Market Report Structure
3. Hemoglobin Meter Market Trends And Strategies
4. Hemoglobin Meter Market – Macro Economic Scenario
5. Global Hemoglobin Meter Market Size and Growth
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32. Global Hemoglobin Meter Market Competitive Benchmarking
33. Global Hemoglobin Meter Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hemoglobin Meter Market
35. Hemoglobin Meter Market Future Outlook and Potential Analysis
36. Appendix
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