Hematology Market – Market Insights

Hematology is a branch of medical science concerned with diagnosis, treatment and study of blood and disorders related to blood. It includes the treatment of blood disorders such as leukemia, malignancies and types of hemophilia, sickle-cell anemia and lymphoma. There are four major areas of study within hematology which include hematological malignancies, hemoglobinopathy, coagulopathy, and anemia.

The global hematology market size is valued at US$ 4537.5 million in 2019, and is expected to exhibit a CAGR of 7.80% over the forecast period (2019–2027).

Figure 1. Global Hematology Market Value (US$ Mn), by Region, 2019

Hematology  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing incidence of blood related disorders is expected to propel the growth of the global hematology market

Rising incidence of blood cancer is a major factor contributing to growth of the market. For instance, according to GLOBOCAN 2018, more than 1.85 million new blood cancer cases are expected to be diagnosed in 2040 across the globe.

Furthermore, according to the American Cancer Society, Non Hodgkin lymphoma is one of the more common types of cancer in the U.S., accounting for 4% of all cancer cases. An estimated 74,680 patients were diagnosed with Non Hodgkin lymphoma in the U.S. in 2018.

Moreover, increasing incidence of hemophilia and sickle-cell anemia is expected to drive growth of the global hematology market. For instance, according to the World Federation of Hemophilia’s (WFH) 2018 statistics, around 440,000 people had hemophilia, out of which around 173,000 people were diagnosed with hemophilia A or B in 2017 globally.

Furthermore, as per the World Health Organization, in 2018, the prevalence of anemia in children was around 45%, and 12% in men, and it is increasing rapidly all over the world.  Similarly, According to the National Institute of Health (NIH), anemia affects 30% of women in the reproductive age and 40% of pregnant women, globally.

Stringent regulatory and reimbursement policies on product launches, as well as product recalls due to safety violation are projected to hamper growth of the market over the forecast period.

For instance, in April 2017, Sysmex, a Japanese medical devices company recalled 3,682 XN Series Automated Hematology Analyzers, owing to increases in incidences of fire caused due to improper alignment of an internal protective sheet that protects electronic components from salty reagents used in hematological sample analysis.

Figure 2. Global Hematology Market Share (%), by Product Type

Hematology  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing number of product launches is expected to propel the market growth over the forecast period

New product launches by key players operating in global market are expected to propel growth of the global hematology market. For instance, in May 2018, Beckman Coulter, a Danaher Corporation company that develops, manufactures and markets products that simplify, automate and innovate complex biomedical testing, launched the DxH 900 hematology analyzer which performs complete blood count and white blood cell differential tests with minimal repeats for application in mid-to high-volume clinical laboratories.

In February 2018, Horiba, a Japanese manufacturer of precision instruments for measurement and analysis, launched Yumizen G range of semi-automatic to fully automatic hemostasis solutions for clinical testing.

Moreover, increasing adoption of certifications for quality enhancement by key players operating in the global hematology market is expected to propel the market growth over the forecast period. In November 2017, Sysmex received CLIA Waiver certification under the U.S. regulatory approval system for the XW-100 automated hematology analyzer. It is the latest product in the hematology field targeting the U.S. market.

Key Players

Major players operating in the global hematology market include Abbott Laboratories, Sysmex Co., Beckman Coulter, Horiba, Ltd., Boule Diagnostics AB, Mind ray Medical International Limited, Siemens Healthcare, Roche Diagnostics, Bio Rad laboratories, Sigma Aldrich Co., Nihon Kohden Corporation.

Hematology is a branch of science dealing with diagnosis, treatment, and study of blood, blood components, and disorders related to blood such as blood malignant growth, frailty, hemophilia, and blood clumps. Hematological tests include in vitro diagnostic tests which include hemostasis, histology, molecular diagnostics, blood examination, and flow cytometry and help to recognize different blood-related diseases. Hematology includes issues related to red blood cells (RBC’s), white blood cells (WBC’s), platelets and organs that are nourished by blood cells, including the spleen, thymus, lymph nodes, and lymphoid tissue.

Market Dynamics

Key players are focusing on adoption of inorganic strategies such as mergers and acquisitions in order to expand their product portfolio and geographical presence in the global hematology market. For instance, in September 2019, CellaVision AB, a global medical technology company that develops and sells leading systems for routine analysis of blood and other body fluids in health care services, has acquired RAL Diagnostics, a leading producer and market actor in reagents in hematology, bacteriology, parasitology, cytology and pathology. This acquisition gives CellaVision a well-established brand with solutions in staining and sample preparation of the highest quality. CellaVision and RAL together created an increased customer value in digital morphology by offering a complete and integrated solution for the hematology laboratory.

Key features of the study:

  • This report provides in-depth analysis of the global hematology market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2019–2027), considering 2018 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 market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Abbott Laboratories, Sysmex Co., Beckman Coulter, Horiba, Ltd., Boule Diagnostics AB, Mind ray Medical International Limited, Siemens Healthcare, Roche Diagnostics, Bio Rad laboratories, Sigma Aldrich Co., and Nihon Kohden Corporation.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global hematology 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 market

Detailed Segmentation:

  • Global Hematology Market, By Product Type:
    • Hematology Analyzers
    • Flow Cytometers
    • Coagulation Analyzers
    • Slide Stainers
    • Centrifuges
    • Hemoglobinometers
    • Others
  • Global Hematology Market, By Reagent:
    • Coagulation Reagents
    • Flow Cytometers Reagents
    • Immuno-hematology Reagents
    • Others
  • Global Hematology Market, By Application:
    • Auto Immune Disease
    • Cancer
    • Diabetes Mellitus
    • Infectious Disease
    • Others
  • Global Hematology Market, By End User:
    • Hospitals and Clinics
    • Research Institutes
    • Others
  • Global Hematology Market, By Region:
    • North America
      • By Product Type:
        • Hematology Analyzers
        • Flow Cytometers
        • Coagulation Analyzers
        • Slide Stainers
        • Centrifuges
        • Hemoglobinometers
        • Others
      • By Reagent:
        • Coagulation Reagents
        • Flow Cytometers Reagents
        • Immuno-hematology Reagents
        • Others
      • By Application:
        • Auto Immune Disease
        • Cancer
        • Diabetes Mellitus
        • Infectious Disease
        • Others
      • By End User:
        • Hospitals and Clinics
        • Research Institutes
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Hematology Analyzers
        • Flow Cytometers
        • Coagulation Analyzers
        • Slide Stainers
        • Centrifuges
        • Hemoglobinometers
        • Others
      • By Reagent:
        • Coagulation Reagents
        • Flow Cytometers Reagents
        • Immuno-hematology Reagents
        • Others
      • By Application:
        • Auto Immune Disease
        • Cancer
        • Diabetes Mellitus
        • Infectious Disease
        • Others
      • By End User:
        • Hospitals and Clinics
        • Research Institutes
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Hematology Analyzers
        • Flow Cytometers
        • Coagulation Analyzers
        • Slide Stainers
        • Centrifuges
        • Hemoglobinometers
        • Others
      • By Reagent:
        • Coagulation Reagents
        • Flow Cytometers Reagents
        • Immuno-hematology Reagents
        • Others
      • By Application:
        • Auto Immune Disease
        • Cancer
        • Diabetes Mellitus
        • Infectious Disease
        • Others
      • By End User:
        • Hospitals and Clinics
        • Research Institutes
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Hematology Analyzers
        • Flow Cytometers
        • Coagulation Analyzers
        • Slide Stainers
        • Centrifuges
        • Hemoglobinometers
        • Others
      • By Reagent:
        • Coagulation Reagents
        • Flow Cytometers Reagents
        • Immuno-hematology Reagents
        • Others
      • By Application:
        • Auto Immune Disease
        • Cancer
        • Diabetes Mellitus
        • Infectious Disease
        • Others
      • By End User:
        • Hospitals and Clinics
        • Research Institutes
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Hematology Analyzers
        • Flow Cytometers
        • Coagulation Analyzers
        • Slide Stainers
        • Centrifuges
        • Hemoglobinometers
        • Others
      • By Reagent:
        • Coagulation Reagents
        • Flow Cytometers Reagents
        • Immuno-hematology Reagents
        • Others
      • By Application:
        • Auto Immune Disease
        • Cancer
        • Diabetes Mellitus
        • Infectious Disease
        • Others
      • By End User:
        • Hospitals and Clinics
        • Research Institutes
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Hematology Analyzers
        • Flow Cytometers
        • Coagulation Analyzers
        • Slide Stainers
        • Centrifuges
        • Hemoglobinometers
        • Others
      • By Reagent:
        • Coagulation Reagents
        • Flow Cytometers Reagents
        • Immuno-hematology Reagents
        • Others
      • By Application:
        • Auto Immune Disease
        • Cancer
        • Diabetes Mellitus
        • Infectious Disease
        • Others
      • By End User:
        • Hospitals and Clinics
        • Research Institutes
        • Others
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Abbott Laboratories *
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Sysmex Co.
    • Beckman Coulter
    • Horiba, Ltd.
    • Boule Diagnostics AB
    • Mind ray Medical International Limited
    • Siemens Healthcare
    • Roche Diagnostics
    • Bio Rad laboratories
    • Sigma Aldrich Co.
    • Nihon Kohden Corporation

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Reagent
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Regulatory Scenario
    • Reimbursement Scenario
    • Merger and Acquisition Scenario
    • PEST Analysis
    • Epidemiology
  4. Global Hematology Market, By Product Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hematology Analyzers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Flow Cytometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Coagulation Analyzers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Slide Stainers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Centrifuges
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Hemoglobinometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Hematology Market, By Reagent, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Coagulation Reagents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Flow Cytometers Reagents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Immuno-hematology Reagents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Hematology Market, By Application, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Auto Immune Disease
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Diabetes Mellitus
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Infectious Disease
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Hematology Market, By End User, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals and Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  8. Global Hematology Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Reagent, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Reagent, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Reagent, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Reagent, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Reagent, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Reagent, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • Abbott Laboratories *
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Sysmex Co.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Beckman Coulter
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Horiba, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Boule Diagnostics AB
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Mind ray Medical International Limited
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Siemens Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Roche Diagnostics
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Bio Rad laboratories
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Sigma Aldrich Co.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Nihon Kohden Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 36 market data tables and 30 figures on 'Hematology Market' - Global forecast to 2027.