New York, NY, Sept. 12, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Hematology Analyzers and Reagents Market by Product (Instruments [Hematology Analyzers, Hemostasis Analyzers, Plasma Protein Analyzers, Coagulation Analyzers and Other Analyzers], Reagents and Consumables, and Services), by Application (Anemia, Blood Cancer, Hemorrhagic Conditions, Infection Related Conditions, Immune System Related Conditions, and Others), and by End-User (Hospitals, Commercial Service Providers, Reference Laboratories, and Research and Academic Institutes): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global hematology analyzers and reagents market was valued at approximately USD 2.99 billion in 2017 and is expected to generate revenue of around USD 5.09 billion by end of 2024, growing at a CAGR of around 7.90% between 2018 and 2024.
Rising innovation in the field of pharmacogenomics, genetic therapies, bleeding disorders, stem cell research, and proteomics are anticipated to propel the hematology analyzers and reagents market over the forecast period. Likewise, factors such as consolidation of diagnostic laboratory chains and rising public awareness are also driving the growth of the market, and this trend is expected to continue in the years to come.
Browse through 66 Tables & 31 Figures spread over 110 Pages and in-depth TOC on “Global Hematology Analyzers and Reagents Market by Type, Size, Share, Analysis and Forecast, 2017 - 2024”.
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The hematology analyzers and reagents market are segmented on the basis of product into instruments, reagents and consumables, and services. The instruments segment is further divided into hematology analyzers, hemostasis analyzers, plasma protein analyzers, coagulation analyzers, and other analyzers. The hematology analyzers are further bifurcated into 3-part fully automated hematology analyzers, point-of-care testing hematology analyzers, 5-part and 6-part fully automated hematology analyzers, and semi-automated hematology analyzers. The instruments segment held a major share of the hematology analyzers and reagents market owing to the growing demand for these instruments from the end users. Due to the increasing adoption rate of the automated hematology instruments along with the growing demand for highly sensitive hematology testing is likely to drive the market for instruments segment in the forecast period. Also, rising developments in high-end technology like the introduction of basic cytometry techniques analyzers and the expansion of high throughput hematology analyzers is been propelling industry growth.
The hematology analyzers and reagents market are segmented on the basis of an application which is further divided into anemia, blood cancer, hemorrhagic conditions, infection-related conditions, conditions related to immune system, and others. The anemia’s application segment held the largest share of the market owing to the rising prevalence of sickle cell disease and blood-related disorders.
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Based on the end user, the market is segmented into commercial service providers, hospitals, reference laboratories, and research and academic institutes. Of these, the hospitals and commercial service providers contributed for a larger pie of the market share in 2017 and are anticipated to witness the highest growth rate during the forecast period. Factors such as rising prevalence of blood disorders, sickle cell disease, chronic lead poisoning, cytochemistries on blood and bone marrow, chronic granulomatous disease, identification of abnormal hemoglobin’s and other such tests and treatments are mostly carried under these two segments.
North America is anticipated to be the leading market for hematology analyzers and reagents, followed by Europe. The growth is mainly attributed to the high disposable income of the population and rising adoption of automated hematology instruments by most of the hospitals and diagnostics laboratories in these two regions. Also, the usage of microfluidics technology in hematology analyzers and the introduction of new digital imaging systems in hematology laboratories have opened up new opportunities for market players to invest in the hematology analyzer & reagent market. There has also been a growing trend of partnership observed among the manufacturers of hematology instruments and consumables in these regions.
Browse the full "Hematology Analyzers and Reagents Market by Product (Instruments [Hematology Analyzers, Hemostasis Analyzers, Plasma Protein Analyzers, Coagulation Analyzers and Other Analyzers], Reagents and Consumables, and Services), by Application (Anemia, Blood Cancer, Hemorrhagic Conditions, Infection Related Conditions, Immune System Related Conditions, and Others), and by End-User (Hospitals, Commercial Service Providers, Reference Laboratories, and Research and Academic Institutes): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/hematology-analyzers-and-reagents-market
Asia Pacific is anticipated to show high growth potentials in the hematology analyzers and reagents market and is also likely to grow at higha annual compound rate in comparison to other regions. This growth is attributed to the growing awareness regarding better health care facilities, increasing population in various countries, and rising occurrences of diseases. Asia Pacific being an untapped market is likely to become a major market in the future owing to the presence of untapped opportunity arising mainly from developing countries like India and China.
Latin America and the Middle East & Africa are also important regional markets which are likely to register moderate growth rate over the forecast period. The countries in these regions are projected to register noticeable growth owing to high burden of chronic diseases like cancer and diabetes and increased government funding. Thus, all the above parameters are expected to propel the market growth in these regions for hematology analyzers and reagents.
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Some of the leading players in hematology analyzers and reagents market include Abbott Diagnostics, Bio-Rad Laboratories, Drew Scientific, Sysmex Corporation, Siemens AG, Bayer Healthcare, Beckman Coulter, Heska Corporation, Danaher Corporation, and Cholestech Corporation.
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This report segments the global hematology analyzers and reagents market as follows:
Global Hematology Analyzers and Reagents Market: Product Segment Analysis
- Instruments
- Hematology Analyzers
- 5-Part and 6-Part Fully Automated Hematology Analyzers
- 3-Part Fully Automated Hematology Analyzers
- Semi-Automated Hematology Analyzers
- Point-Of-Care Testing Hematology Analyzers
- Hemostasis Analyzers
- Plasma Protein Analyzers
- Coagulation Analyzers
- Other Analyzers
- Hematology Analyzers
- Reagents and Consumables
- Services
Global Hematology Analyzers and Reagents Market: Application Segment Analysis
- Anemia
- Blood Cancer
- Hemorrhagic Conditions
- Infection-Related Conditions
- Immune System Related Conditions
- Others
Global Hematology Analyzers and Reagents Market: End-User Segment Analysis
- Hospitals
- Commercial Service Providers
- Reference Laboratories
- Research and Academic Institutes
Global Hematology Analyzers and Reagents Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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