Global Hematology Market

$2,350.00$6,750.00

  • Type: Therapeutics Area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 102

  • Format: PPT, PDF

Global Hematology Market: Segmented by Products (Hematology Analyzers, Flow Cytometers, Coagulation Analyzers, Slide Stainers, Centrifuges, Hemoglobinometers and Other Products), by Reagents (Coagulation Reagents, Flow Cytometery Reagents, Immuno-hematology Reagents and Other Reagents),by End User (Hospitals, Clinical Testing Institutes, Patient Self-testing and Other End Users) and by Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The global hematology market size stood at around USD 4.5 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Blood disorders have become a global health issue with different causes, and are associated with high mortality. Blood disorders, such as anaemia, blood cancer, haemorrhagic conditions, and blood infections, affect millions of people each year across all age groups. According to WHO, haemoglobin disorders are potentially affecting 75% of births, globally, and sickle cell trait affects an estimated one in 12 African Americans. Over 70% of all sickle-cell affected births occur in Africa. Early diagnosis and treatment are the best ways to protect the quality of life for a patient with blood cell disorder.

Market Drivers and Restraints

Rising incidence of blood cancer is a major factor contributing to growth of the market. For instance, according to GLOBOCAN 2018, more than 1.85 million new blood cancer cases are expected to be diagnosed in 2040 across the globe. Moreover, increasing incidence of hemophilia and sickle-cell anemia is expected to drive growth of the global hematology market. Rapid technological advances in hematology also drives the market growth.

High cost of the instruments and low adoption of hematology analyzers in emerging economies does restraint the market growth. Stringent regulatory and reimbursement policies on product launches, as well as product recalls due to safety violation are projected to hamper growth of the market over the forecast period.

Major Hematology Market (by Application)

Based on Hematology market by application, these are sub segmented into infectious diseases, cancer, cardiovascular disorders, blood screening, diabetes, HIV and auto-immune diseases. The infectious disease application segment leads with highest shares of the market due to increasing incidences of various health disorders. Also, the rise in healthcare centers spending is making the shares of the market expand in foreseen years.

 

1. Global Hematology Market Overview………………………………………………
A. Market Size
2. Market Growth Drivers and Restraints..………………………………..……….
A. Market Drivers
I. Increasing Incidences of Blood Disorders and Other Diseases
II. Rapid Technological Advances in Hematology
B. Market Restraints
I. High Cost of the Instruments
II. Low Adoption of Hematology Analyzers in Emerging Economies
3. Major Hematology Market (by Application)…………………….………………..
A. Infectious Diseases
B. Cancer
C. Cardiovascular Disorders
D. Blood Screening
E. Diabetes
F. HIV
G. Auto-immune Disease
4. Hematology Market Segmentation……………..………………………………………
A. By Product
I. Hematology Analyzers
II. Flow Cytometers
III. Coagulation Analyzers
IV. Slide Stainers
V. Hemoglobinometers
VI. Others Products
B. By End User
I. Hospitals
II. Clinical Testing Institutes
III. Patient Self-testing
IV. Other End Users
C. By Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia-Pacific Market Analysis
IV. Middle-East and Africa Market Analysis
5. Hematology Major Products Market Share……………………………………..
A. Key Findings
B. Market Analysis, Insights and Forecast
6. Competitive Landscape………………………………………………………….….
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. Abbott Company overview, Product & Services, Strategies & Financials
B. Agilent Company overview, Product & Services, Strategies & Financials
C. Bio-Rad AG Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………………..…….
A. Policy changes and Market Regulations
9. Factors Driving Future Growth………………………………………………………
A. Key Industry Developments in market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Product

On basis of Product, the Hematology market is sub-segmented into hematology analyzers, hematology reagents, glow cytometers, hematology cell counters, slide stainers, coagulation analysers, hematology testing, centrifuges, hemoglobinometers and others.

Based on product, Hematology Analysers product type is holding prominent shares of the market. Increasing incidences of road accidents due to which there is a rise in the demand to store blood, which can be used in emergency cases, significantly influences the growth of the market.

By End User

The Hematology market is segmented by end user which is further sub-segmented into hospitals, clinical testing institutes, patient self-testing and other end-users.

The patient self-testing segment, under end user is expected to grow at the fastest rate, during the forecast period. The patient self-testing segment is projected to show significant growth during the forecast period, owing to the growing cases of hematology disorders, such as anemia and iron deficiency, as well as infectious diseases.

By Region

The North American region holds the largest market share of the hematology market, and is expected to follow the same trend over the forecast period. North America is the largest market for hematology analyzers. This market trend can be attributed to the increasing incidence of blood disorders. The increasing cases of blood-related disorders, such as anemia, blood cancer, etc., may lead to the growth of the hematology market.

Asia Pacific is expected to register the fastest CAGR. The rise in per capita income leading to increased adoption of diagnostic and therapy products coupled with government initiatives to improve healthcare infrastructure are expected to fuel the regional market growth.

 

Top 5 Major Players

The global market is highly competitive. Some key industry participants include Abbott Laboratories, Agilent Technologies Inc, Bio-Rad Laboratories Inc., Danaher Corporation and F. Hoffmann-La Roche Ltd . The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, which help them in strengthening their market position.

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:

  • Statistical Databases
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  • Press Releases of Key Market Players

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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