Hematology Analyzer Market Summary
- The Hematology analyzers market in North America held a significant share of over 30% in 2020.
- The Hematology analyzers industry in India is expected to grow significantly at a CAGR of 11.3% from 2021 to 2030.
- By product & services, the reagents & consumables is one of the dominating segment in the market and accounted for the revenue share of over 51.81% in 2020.
- By end user, the hospitals segment is the second dominant segment in the market in 2020.
According to the report published by Allied Market Research, the global Hematology Analyzer Market Generated $1.96 billion in 2020, and is anticipated to reach $3.94 billion by 2030, exhibiting a CAGR of 7.3% from 2021 to 2030. The report offers an in-depth analysis of market size, future estimations, emerging and current trends, and key players.
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Technological developments, increase in demand for automated hematology analyzers, and rise in preference toward high sensitivity hematology analyzers are the factors that drive the global hematology analyzer market. On the other hand, high cost of hematology analyzers due to advanced features and automation and strict regulatory policies hinder the market growth. However, growth opportunities in developing economies are expected to offer profitable opportunities to the market players.
Based on product & services, the reagents & consumables segment accounted for the largest market share in 2020, contributing to more than half of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the instruments segment is expected to manifest the fastest CAGR of 8.0% from 2021 to 2030.
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Based on the type, the fully automated hematology analyzer segment contributed to the largest share in 2020, accounting for nearly three-fourth of the global hematology analyzer market. The same segment is expected to lead during the forecast period, manifesting a CAGR of 7.5% from 2021 to 2030. The report also covers the semi-automated hematology analyzer segment.
Regional/Country Market Outlook
Asia-Pacific offers profitable opportunities for key players operating in the hematology analyzer market, thereby registering the fastest growth rate during the forecast period, owing to growing healthcare infrastructure, increasing prevalence of blood diseases, rising disposable incomes, well-established presence of domestic companies, and aging population in the region. In addition, factors such as increase in population and growth in the economies of developing countries such as India and China, are also supporting the growth of the hematology analyzer market in Asia. Technological advancements coupled with supportive investments and funds by the government, especially in developing countries, such as India and China, are also expected to contribute to market growth.
Leading players of the global hematology analyzer market analyzed in the research include Abbott Laboratories, Bio-Rad Laboratories, Danaher Corporation (Beckman Coulter Inc.), Boule Diagnostics AB, Hobira Ltd, F Hoffmann-La Roche Ltd, Siemens Healthineers, Stratec SE (Diatron MI Plc.), Nihon Kohden Corporation, and Sysmex Corporation.
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