HEMATOLOGY ANALYZER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global hematology analyzer market is estimated to be valued at USD 4.94 BN in 2024 and is expected to exhibit a CAGR of 7.3% during the forecast period (2024-2031). The hematology analyzer market has been growing steadily over the past few years due to rising demand for efficient blood analysis systems from diagnostic laboratories and hospitals as well as blood banks. Hematology analyzers are medical devices used to analyze cellular components such as white blood cells, red blood cells and platelets as well as hemoglobin in the blood. Early detection of blood-related disorders and conditions through timely screening and diagnostic testing has become increasingly important for effective treatment and management of various diseases. This has been a major factor propelling the need for automated hematology analyzers across the globe. Furthermore, technological advancements leading to launch of high-performance systems integrated with artificial intelligence (AI) capabilities is expected to drive the hematology analyzer market growth during the forecast period.

Market Dynamics:

The global hematology analyzer market growth is driven by the rising prevalence of blood disorders as well as rapid growth in aging population worldwide who are more susceptible to such conditions. According to the World Health Organization press release published in April 2023, around 1.5 million people die due to diabetes in 2019. Growing awareness among general population regarding early screening and diagnosis is another key factor boosting the adoption of hematology analyzers. Moreover, increasing healthcare expenditure in developing nations provides ample growth opportunities for market players in emerging markets. However, high costs involved in procurement and maintenance of advanced hematology analyzers is a major challenge for market growth. Also, lack of skilled labor in developing regions act as a restraint. On the upside, ongoing development of portable and point-of-care hematology devices is expected to create lucrative opportunities for profitable expansion of market reach.

Key Features of the Study:

• This report provides in-depth analysis of the global hematology analyzer market, and provides market size (USD BN) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global hematology analyzer market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study includes Boule Diagnostics AB, Bio-Rad Laboratories, Danaher Corporation, Sysmex, Horiba Medical, Nihon Kohden Corporation, Siemens AG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Abbott, Drew Scientific, Boule, Diatron, EKF Diagnostics, F. Hoffmann-La Roche Ltd, Cormay Diagnostics, AGD Biomedicals, Pioneer Impex, BIOGENIX INC. PVT. LTD, and Drucker Diagnostics
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global hematology analyzer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hematology analyzer market

Detailed Segmentation-

• Product:
• • Consumables & Reagents
  • Instruments
    • 3 Part Hematology Analyzer
    • 5 Part Hematology Analyzer
    • 6 Part Hematology Analyzer
    • Point-of-care Testing Hematology Analyzers
    • Others
  • Services
• Modality:
• • Fully-automated Hematology Analyzers
  • Semi-automated Hematology Analyzers
• End User:
• • Hospitals
  • Diagnostic Laboratories
  • Academic & Research Institutes
  • Others
• Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • Boule Diagnostics AB
  • Bio-Rad Laboratories
  • Danaher Corporation
  • Sysmex
  • Horiba Medical
  • Nihon Kohden Corporation
  • Siemens AG
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd
  • Abbott
  • Drew Scientific
  • Boule 
  • Diatron
  • EKF Diagnostics
  • Hoffmann-La Roche Ltd
  • Cormay Diagnostics
  • AGD Biomedicals
  • Pioneer Impex
  • BIOGENIX INC. PVT. LTD
  • Drucker Diagnostics