Hematology Diagnostics Market Updates : is Predicted to Attain USD 16.9 billion by 2032
The hematology diagnostics market is affected by recessions as much as any other sector of the economy.
WILMINGTON, DELAWARE , UNITED STATES, April 4, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Hematology Diagnostics Market by Product Type (Hematology Instrument and Hematology Consumables), Test Type (Complete Blood Count (CBC), Platelet Function Testing, Hemoglobin Testing and Others), End User (Hospitals and Clinics, Diagnostic Laboratories and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". The global hematology diagnostics market was valued at $10.94 billion in 2022 and is projected to reach $16.87 billion by 2032, registering a CAGR of 4.4% from 2023 to 2032.
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The global market for hematology diagnostics is seeing rapid expansion due to the growing prevalence of chronic diseases worldwide. Conditions like anemia, leukemia, lymphoma, and various blood disorders are on the rise, necessitating frequent monitoring and diagnostic interventions in the field of hematology. Moreover, heightened awareness regarding health and the significance of early disease detection has fueled a surge in demand for health screenings and diagnostic procedures. Consequently, individuals are increasingly inclined towards regular check-ups and blood-related tests, thereby driving up the demand for hematological diagnostic supplies.
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The hematology diagnostics market is affected by recessions as much as any other sector of the economy. The market is experiencing both positive and negative impacts from the recession.
Individuals and healthcare institutions may reduce healthcare spending which may lead to a decrease in demand for medical testing, including hematological diagnostics. In addition, non-essential testing and screenings may be delayed, resulting in a temporary decrease in demand for hematological services.
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In 2022, the hematology consumables segment dominated the global hematology diagnostics market, capturing over four-fifths of the market revenue. This segment's supremacy stems from the consistent demand for a wide array of superior-quality consumables essential for hematological testing.
Conversely, the hematological instrument segment is poised to witness the most rapid growth throughout the forecast period. This surge is primarily driven by advancements in instruments like hematology analyzers and flow cytometers.
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In 2022, the complete blood count (CBC) segment claimed the largest portion of the global hematology diagnostics market revenue, comprising two-fifths of the total. This segment is expected to experience the most rapid growth throughout the forecast period. The expansion can be largely attributed to the substantial volume of CBC tests conducted worldwide.
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In 2022, the diagnostic laboratories segment emerged as the revenue leader in the global market, representing almost half of the total market share. This achievement is credited to the presence of cutting-edge testing facilities furnished with a diverse array of hematology diagnostic instruments and staffed by proficient hematologists, pathologists, and technicians.
Conversely, the hospitals and clinics segment is forecasted to witness the most rapid growth in the coming years. This growth can be attributed to the increasing integration of advanced instruments within hospital settings and the uptick in inpatient hematological testing procedures.
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In 2022, North America asserted its dominance in the market, capturing nearly two-fifths of the global market share. This achievement is credited to the region's robust healthcare infrastructure and the abundance of highly sophisticated medical diagnostics facilities.
Conversely, the Asia-Pacific region is poised to emerge as the fastest-growing segment during the forecast period. This growth can be attributed to the escalating healthcare expenditure, ongoing development of healthcare infrastructure, and the substantial population base, all contributing to the increased demand for hematological testing in this region.
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Cardinal Health Inc.
Danaher Corporation
Siemens AG
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
F. Hoffmann-La Roche Ltd.
Sysmex Corporation
Abbott Laboratories
EKF Diagnostics Holdings plc
Nihon Kohden Corporation
Erba Group.
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o By product type, the hematology consumables segment was the highest contributor to the market in 2022.
o By test type, the complete blood count (CBC) segment dominated the hematology diagnostics industry in 2022.
o By end user, the diagnostic laboratories segment was the highest contributor to the market in 2022.
o Region wise, North America generated the largest revenue in 2022, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
The report offers an in-depth analysis of the key players operating within the global hematology diagnostics market. These companies have implemented various strategies, including product approvals, launches, agreements, and geographical expansions, aimed at bolstering their market presence and sustaining dominance across diverse regions. By examining business performance, operational segments, product offerings, and strategic maneuvers of market players, the report provides valuable insights into the competitive landscape.
David Correa
Allied Market Research
+1 5038946022
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