Hematology Analyzer Market Business Growth & Investment Opportunities, Sector, and Application | Forecast, 2030

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.

According to the report published by Allied Market Research, the global hematology analyzer market size was valued at $1.96 billion in 2020 and is projected to reach $3.94 billion by 2030 registering a CAGR of 7.30% from 2021 to 2030.. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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COVID -19 impact scenario:

  • The COVID-19 outbreak disturbed workflows in the healthcare industry across the globe. 
  • A few subdomains of healthcare industry had to pause or shut their operations due to lockdown and lack of workforce.
  • The pandemic affected the hematology analyzer market positively, attributing to an increase in focus on the hematology parameters to assess the COVID-19 infection.

COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has helped the industry grow significantly, as the demand for hematology analyzer increased owing to increase in focus on the hematology parameters for the assessment of COVID-19 around the world. This supports the hematology analyzer market to gain traction during the forecast period.

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.

Key Findings Of The Study

  • Based on product & service, the reagent & consumables held largest share in the global hematology analyzer market in 2020.
  • Based on type, the fully automated hematology analyzer held largest market share in 2020 and is expected to remain dominant throughout the forecast period.
  • By end user, the clinical laboratories dominate the global hematology analyzer market in 2020 and is anticipated to continue this trend during the forecast period.
  • Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 6.20 % during the forecast period.

North America accounted for the largest share of the global hematology analyzer market in 2020, and is expected to remain dominant throughout the forecast period. This was attributed to increase in cases of patients suffering from blood disorders, surge in prevalence of target diseases, and rise in demand for blood transfusions in the region. In addition, easy adoption of highly advanced laboratory analyzers, technological advancements, growing awareness about hematology analyzer in the diagnosis of various blood diseases among population in the region further drive growth of the market.

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The key market players profiled in the report include Abbott Laboratories, Danaher Corporation (Beckman Coulter Inc.), Bio-Rad Laboratories, Boule Diagnostics AB, F Hoffmann-La Roche Ltd, Hobira Ltd, Nihon Kohden Corporation, Siemens Healthineers, Stratec SE (Diatron MI Plc.), and Sysmex Corporation.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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