Canada Hematology Market Analysis


  • Type: Therapeutics Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3012

  • Format: PPT, PDF

Canadian Hematology Market: Segmented by Product Type (Hematology Analysers, Flow Cytometers, Coagulation Analysers, Slide Stainers, Centrifuges, and Other Products), By Application (Infectious Diseases, Auto-Immune Disease, Cancer, Diabetes Mellitus, Infectious Disease, and Other Applications), and By Distribution Channel (Hospital, Clinics, Diagnostics Laboratories, and Others)- Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The Canadian Hematology market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Hematology describes a branch of medicine, which deals with the study of blood and its diseases. It is a subspecialty of internal medicine and is concerned with nature, function, and blood diseases. Hematology uses highly developed technology to make specific diagnoses and treat illnesses occurring in all organ systems. It comprises problems related to the red blood cells, white blood cells, platelet, lymph, and bone marrow. Bleeding disorders such as hemophilia, blood cancer, blood clots are some types of blood conditions. About 300,000 Canadians carry an inherited bleeding disorder gene. 1 in 10 of these people (i.e., at least 30,000 Canadians) have symptoms acute enough to require medical care. Many of them have not been adequately diagnosed. Only 10,000 people with inherited bleeding disorders are registered in the Canadian network of inherited bleeding disorder comprehensive care clinics.

Market Drivers

Blood disorders became a critical health issue in Canada, with different causes related to high mortality. Blood disorders, like anemia, blood cancer, hemorrhagic conditions, and blood infections, affect many people annually across all age groups. The rising number of blood donation camps worldwide is a significant factor propelling the hematology market’s demand. Increasing incidences of chronic diseases, geriatric population are accelerating the need of the market. The growing prevalence for point-of-care testing devices, improving support from the government through investments, people’s interests in cost-effective diagnosis procedures are boosting the development of the market.

1. Canadian Hematology Market Overview…………………………………
A. Market Size
2. Market Growth Drivers…………………………………………….……………………….
A. The increasing prevalence of blood-related disorders
B. Rising R&D expenditure & advancement in technologies
3. Hematology Market Segmentation…………………………………………
A. By Product Type
I. Hematology Analysers
II. Flow Cytometers
III. Coagulation Analysers
IV. Slide Stainers
V. Centrifuges
VI. Other Products
B. By Application
I. Infectious Diseases
II. Auto-Immune Disease
III. Cancer
IV. Diabetes Mellitus
V. Infectious Disease
VI. Other Applications
C. By Distribution Channel
I. Hospitals
II. Clinics
III. Diagnostics Laboratories
IV. Others
4. Hematology Major Products Market Share…………………….…………
A. Market Analysis, Insights and Forecast – By Revenue
5. Competitive Landscape……………………………………………………………………
A. Major Players
B. Products in Pipeline
6. Key Company Profiles………………………………………………………………….
A. F. Hoffmann-La Roche Diagnostics overview, Product & Services, Strategies & Financials
B. Abbott Laboratories overview, Product & Services, Strategies & Financials
C. Bayer AG overview, Product & Services, Strategies & Financials
7. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
8. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Hematology Market
B. Future Opportunities
9. Potential Market Opportunities……………………………………………………..
A. Current Market Opportunities
B. Future Market Opportunities
10. Conclusion

Market Segmentation

By Product Type:

Based on therapy type, the Hematology market has been segmented into Hematology Analysers, Flow Cytometers, Coagulation Analysers, Slide Stainers, Centrifuges, and Other products. Hematology Analysers product type holds prominent shares of the market and is expected to have a crucial stake in the forecasted period.

By Application:

Based on Application, this market is classified into Infectious Diseases, Auto-Immune Disease, Cancer, Diabetes Mellitus, Infectious Disease, and Other Applications. The Infectious Diseases and Cancer segments are leading with the significant shares of the market due to the increasing incidences of various health disorders. Also, the rise in healthcare centers’ spending is making the market shares expand in foreseen years.

By Distribution Channel:

The market is divided into hospitals, clinics, diagnostics laboratories, and others based on the distribution channel. Currently, the hospital pharmacies segment accounted for the majority of the market share, growing constructional activities of hospitals due to the increasing flow of patients with varied diseases is accelerating the market’s growth. The rising prevalence for minimally invasive surgeries to cure the conditions more effectively with available treatment options is ascribed to bolster the market’s demand.

Major Players

Canada presents rewarding opportunities for the key players operating in the Hematology market, owing to growth in awareness and the rise in adoption of Hematology treatment products. Moreover, improvement in healthcare infrastructure, an increase in the number of hospitals equipped with advanced medical facilities, developing R&D sector, rise in healthcare reforms, and technological advancements in the healthcare field further contribute to the market growth.

Key major players include Bayer AG, GlaxoSmithKline Plc, Johnson & Johnson, Abbott Laboratories, Agilent Technologies Inc, Bio-Rad Laboratories Inc., Danaher Corporation, and F. Hoffmann-La Roche Ltd, etc.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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