Hematology is defined as the diagnostic classification of cells present in the blood and resulting identification of diseases of the blood-forming organs and diseases of the blood. It includes the calculation of WBC, RBC, and platelets. The analysis for hematologic disorders is related to disease monitoring, prognosis, diagnosis, and screening. Rise in prevalence of blood disorders, technological advancements and introduction of new technically advanced fully automated hematology analyzers, significant demand for laboratory automation, and increase in consolidation among market players and diagnostic laboratories are key factors that are expected to drive the global hematology diagnostics market during the forecast period.
The hematology diagnostics market has been segmented based on product type, end-user, and geography. Based on product type, the hematology diagnostics market has been classified into hematology instruments and hematology consumables. In terms of end-user, the market has been segregated into diagnostic laboratories, hospitals & clinics, academic institutes, and others. Based on geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Global Hematology Diagnostics market Witness Most Promising Rise in Demand
The hematology diagnostics market can be segmented based on product type, which includes hematology instruments and hematology consumables. In terms of revenue, the global hematology diagnostics market was valued at approximately US$ 3,495.0 Mn in 2017 and is anticipated to reach approximately US$ 5,586.4 Mn by 2026, expanding at a CAGR of more than 5.0% from 2018 to 2026. The expansion of hematology consumables segment is likely to fuel the growth of global hematology diagnostics from 2018 to 2026.
Rapid expansion of the global hematology diagnostics market is attributed to the increase in prevalence of blood disorders. Rise in awareness about these disorders among health care professionals and patients is projected to increase the demand for hematology diagnostics. For instance, approximately every three minutes, one person in the U.S. is diagnosed with blood cancer. Nearly 172,910 people in the U.S. were diagnosed with leukemia, lymphoma, or myeloma, in 2017. New cases of leukemia, lymphoma, and myeloma are expected to account for 10.2% of the estimated 1,688,780 new cancer cases diagnosed in the U.S. in 2017. An estimated 1,290,773 people in the U.S. are either living with, or are in remission from, leukemia, lymphoma, or myeloma.
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These primary and secondary research sources have provided exclusive information during interviews, which serves as a validation from the clinical trials management system market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global clinical trials management system market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global clinical trials management system market more reliably and accurately.
Key Players of Hematology Diagnostics Market Report:
Key companies operating in the global hematology diagnostics and profiled in the report include Abbott Laboratories, Sysmex Corporation, F. Hoffmann-La Roche Ltd., and Beckman Coulter, Inc. These players are adopting advanced techniques to develop hematology diagnostics and in order to expand their product offerings, strengthen their geographical reach, increase customer base, and garner market share. For instance, in June 2017, Abbott Laboratories announced the availability of Sekisui’s CP3000 coagulation analyzer in Europe, the Middle East, and Asia Pacific. In another instance, in March 2015, the diagnostics division of Siemens Healthineers launched three new scalable hematology systems: ADVIA 360 System, ADVIA 560 System, and ADVIA 560 AL System.
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