Global Market Study on Hematology Analyzers: High Focus on Innovation in Devices to Aid Market Expansion


Hematology Analyzers  Market
  • Published On : Nov-2020 |
  • Pages : 297 Pages |
  • Format : Hematology Analyzers  Market Hematology Analyzers  Market Hematology Analyzers  Market Hematology Analyzers  Market

Leading industry players are focusing on innovation-based ideas, leveraging scientific development opportunities with technological advancements in the field of diagnostics and testing. Introduction of new advancements in technology and the evolution of software for cellular analysis have resulted in an improvement in analytic efficiency and data management.

Advanced hematology analyzers are able to provide more information, both, quantitative and qualitative, such as the suspect flags (used to detect errors). Real-time graphical data provides information regarding abnormal cell population and disease patterns, which improves efficiency.

3D is expected to be an emerging innovation zone for many players. For instance, Mindray’s SF cube technology has emerged, which targets blood cells by using the bi-angular laser scatter signals and fluorescence signals and generates 3D scattergrams that provide cellular information. Furthermore, automation has increased opportunities in the hematology analyzers market by leading to advancements in instruments such as incorporation of automated ESR (erythrocyte sedimentation rate) systems, integral slide-makers, HbA1c systems, tube sorters, and digital morphology systems, linked to middleware. All these factors bode well for the expansion of the hematology analyzers market size over the next ten years.

Increasing Awareness Regarding Chronic Diseases to Drive Market Growth

Increasing awareness regarding chronic diseases across the world is expected to boost revenue growth of the hematology analyzers market over the forecast period. Chronic diseases are the leading cause of death with high prevalence. Disease rate from these conditions is accelerating globally, advancing across every part of the globe and affecting all socio-economic classes. To control the progress of such diseases, healthcare is strongly focused toward the early detection and cure of such conditions.

Blood analysis has gained popularity over time for the early detection of many chronic diseases, which was earlier only possible by tissue biopsy tests. Advancements in blood markers for diseases have a significant role in the advancement of the hematology analyzers market.

Regional Outlook of Hematology Analyzers Market

North America clearly dominates the haematology analysers market share, and is expected to continue to do so through the forecast period. However, emergence of local players and availability of cheaper automated haematology devices in the East Asia region will support its rapid growth during the forecast period. While adoption of advanced technology drives the growth of the hematology analyzers market in North America, rising prevalence of diseases and ageing population in East Asia are key drivers for this regional market.

COVID-19 Impact on Hematology Analyzers Market

The COVID-19 outbreak has affected the global economy in several ways, such as limited care units and labor shortage, disruptions in supply chains, lack of raw materials, and reduced transportation, especially in the first two quarters of 2020. However, in the last two quarters of 2020, sales are expected to pick pace and cover for the losses in the beginning of the year. However, increasing use of hematology analyzers for research on COVID could result is a small peak in the year-on-year growth in 2020. As a whole, the COVID-19 will not have a significant impact on the hematology analyzers market.

Competition Outlook of Hematology Analyzers Market

The hematology analyzers market is characterized as a consolidate market space, with the top players holding over 70% of the hematology analyzers market share. Most players are strongly focused on the development of innovative products. The past decade has witnessed the launch of 6-part and 4-part hematology analyzers that offer more products to end users to match their requirements. Along with this, there is significant focus on the development of additional features and automation of devices such as 3D scatter maps and suspect mapping. Collaborations with distributors is also another key focus of players in the hematology analyzers market that will offer better penetration of products throughout the world.

Analysts’ Viewpoint

An extensive analysis of the hematology analyzers market has brought our analysts to a conclusion that, 5-part hematology analyzers will continue to dominate the market globally. While point of care devices are experiencing a surged demand, standalone devices will hold a larger chunk in 2020. Collaborations with distributors, and launch of new products with emphasis on development of innovative devices, are key focus areas of top players in the market that will significantly boost growth through the forecast period.

Hematology Analyzers Market - Scope of Report

A latest publication by Persistence Market Research (PMR) on the global hematology analyzers market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the global hematology analyzers market. The study offers detailed insights on key market dynamics, which includes the drivers, restraints, trends, and opportunities in the hematology analyzers market. The principal aim of the market study is to present exclusive information about how the market will perform during the forecast period of 2020-2030.

Important indicators for successful growth of the hematology analyzers market are presented in this comprehensive report, which include supply chain analysis, value chain analysis, Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR). This research study can support readers to know the demand for hematlogy analyzers and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in the hematology analyzers market, including investors and service providers, and can help them in developing suitable business strategies to flourish in the hematology analyzers market. The insights and wisdom presented in this PMR study can be leveraged by shareholders in the hematology analyzers market, industry experts, investors, researchers, reporters, as well as business enthusiasts.

Market statistics as well as information linked to the macro- as well as micro-economic variables affecting the business scenario in the hematology analyzers market are also included in the current study. Depending on potential developments in the hematology analyzers market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this report, minor companies and new entrants in the hematology analyzers industry can be aided in making suitable company choices to achieve traction in the hematology analyzers market.

Key Segments of Hematology Analyzers Market

PMR’s study on the hematology analyzers market offers information divided into four important segments—product, modality, end user, and region. This report offers comprehensive data and information about the important market dynamics, and growth parameters associated with these categories.

Product

  • 3-part Differential
  • 5-part Differential
  • Others

Modality

  • Standalone
  • Point of Care

End User

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Blood Banks

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA

Key Questions Answered in PMR’s Hematology Analyzers Market Report

  • Which regions will be dominating and continue to remain the most profitable regional markets for hematology analyzers market players?
  • Which factors would affect demand for hematology analyzers during the assessment period?
  • What will be the COVID-19 impact on the trends of the hematology analyzers market?
  • What are the market trends and advancements in the hematology analyzers market?
  • How can market players capture the long-term opportunities in the hematology analyzers market in developed regions?
  • What are the winning strategies of stakeholders in the hematology analyzers market to upscale their position in this landscape?
  • What are the restraints that investors need to be aware of and tackle while investing in the hematology analyzers market?
  • What are the developmental trends in hematlogy analyzer sectors that will impact the market?

Hematology Analyzers Market: Research Methodology

In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the hematology analyzers market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the hematology analyzers market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed specialized industry experts, medical professionals with hematlogy analyzer devices, and key executive of device manufacturing companies, who have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the hematology analyzers market, and makes PMR’s projections on the growth prospects of the hematology analyzers market more accurate and reliable.

Companies covered in Hematology Analyzers Market Report

  • SYSMEX CORPORATION
  • Abbott Laboratories
  • Beckman Coulter Inc
  • Siemens AG
  • Boule Diagnostics AB.
  • Nihon Kohden Corporation
  • Mindray
  • HORIBA Ltd.
  • Diatron
  • Cellavision
  • Edan Instrumnets, Inc
  • SAMSUNG
  • Biosystems SA
  • F. Hoffmann-La Roche Ltd.
  • Shenzhen Dymind Biotechnology Co. Ltd.
  • PZ CORMAY SA
  • PixCell
  • Shenzhen Landwind Insdustry Co. Ltd.
  • Rayto Life and Analytical Sciences Co. Ltd
  • Shenzen Prokan Electronics Inc.

Hematology Analyzers Market

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