The global Hematology Analyzers and Reagents Market is forecast to reach USD 12.10 Billion by 2027, according to a new report by Reports and Data.
The global Hematology Analyzers and Reagents Market is forecast to reach USD 12.10 Billion by 2027, according to a new report by Reports and Data. The growing demand from emerging markets will help the Hematology Analyzers and Reagents Market to maintain a stable growth rate over the forecast period. The rise in the family disposable incomes and growing adoption of automated hematology devices by the clinical labs will provide strength to the Hematology Analyzers and Reagents Market and will also help in its growth over the forecasted period.
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Due to the pandemic, there are high chances of disruption in the supply chain which influence ingredients and raw material supplies. The financial crisis can let people shrink their expenses on treatments, which may lead to life risk. Apart from the barriers, there are some drivers of the Hematology Analyzers and Reagents Market, such as increasing blood donations, growing number of people getting affected by blood-related disorders, increasing investments in the research and developments of the hematology devices and usage of microfluidics technology in hematology instruments. The emerging economies of the world also provide a vast field of opportunities for the new players in the Hematology Analyzers and Reagents Market.
Further key findings from the report suggest
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- The increasing number of blood donations arranged by different organizations worldwide are boosting the Hematology Analyzers and Reagents Market. Additionally, the growing investment in the research and development of the hematology instrument made by the leading manufacturers are also acting as a driver for the Hematology Analyzers and Reagents Market.
- The hematology products registered the largest market share of about 40.4% in the Hematology Analyzers and Reagents Market in 2019. The increasing production of technologically advanced devices and the growing adoption of Point of Care (POC) testing has generated revenue for the market.
- The Asia Pacific has the highest adoption rate in the market. This is due to the increasing demand for Hematology Analyzers and Reagents in countries like China and India and recent developments in the healthcare infrastructure.
- Hematology Analyzers and Reagents Market are adopting some wiser strategies to stay competitive in between the growing demand of the Hematology Analyzers and Reagents. Collaborations have been observed between prominent brands to increase their product portfolio and enter new markets. Companies adopt effective marketing and branding strategies to hold the position of the products in the competitive market.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
Abbott Laboratories, Roche Diagnostics, Siemens AG, Beckman Coulter, HORIBA Ltd, Nihon Kohden Corporation, Bio-Rad Laboratories, Sysmex Corporation, Boule Diagnostics AB and Mindray Medical International Limited, among others.
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Hematology Analyzers & Reagents Market Segmentation:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Hematology Analyzers
- Hemostasis Analyzers
- Plasma Protein Analyzers
- Hemoglobin Analyzers
- Immunohematology Analyzers
- Others
Price range Outlook (Revenue, USD Billion; 2017-2027)
- High-end Hematology Analyzers
- Mid-range Hematology Analyzers
- Low-end Hematology Analyzers
End Users Outlook (Revenue, USD Billion; 2017-2027)
- Research & Academic Institutes
- Blood Banks
- Hospital laboratories
- Commercial service Providers
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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