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:
Detailed Segmentation-
Table of Contents
*Browse 32 market data tables and 38 figures on "Hematology Analyzer Market” - Global forecast to 2031
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize NowWe help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request Discount
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients