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Hematology Market Size|share|growth|report|Trends|forecast to 2026

(Medical-NewsWire.com, October 25, 2019 ) Market Overview

• Hematology is a branch of medicine, which deals with the diagnosis, treatment, and prevention of blood, blood-forming organs, and blood diseases such as blood cancer, anemia, hemophilia, and blood clots. Hematological tests constitute in vitro diagnostic techniques such as hemostasis, molecular diagnostics, histology, blood analysis, and flow cytometry and help to identify various blood-related diseases at lower costs. Hematology includes the problems with the red blood cells, white blood cells, platelets and organs that are fed by blood cells, including the lymph nodes, spleen, thymus, and lymphoid tissue. The specialists use the hematology instruments for testing and determining plasma drug levels, for both therapeutic and illicit drugs.

• According to the World Health Organization (WHO), around 75% of total births all over the world are affected by hemoglobin and sickle cell trait and affects one in every 12 African Americans every year. Around 70% of all sickle-cell affected births occur in Africa. Furthermore, as per WHO, in 2018, the prevalence of anemia in children is around 45% and 12% in men, and it is increasing rapidly all over the world. According to the National Institute of Health (NIH), anemia affects 30% of women with reproductive age and 40% of pregnant women, worldwide.



Market Dynamics

• The major drivers fueling the growth of the market are a rise in the prevalence of blood disorders, technological advancements such as the introduction of new technically advanced fully automated hematology analyzers and rising R&D expenditure.

• Blood disorders are expected to increase with a rapid pace in the near future. According to WHO, hemophilia affects one in 5,000 male births in the US, every year around 400 babies are born with hemophilia. Venous thromboembolism affects around seven million people worldwide and it is a major cause of death in adults. Approximately every two minutes, one person in the world is diagnosed with a type of blood cancer. Hence the burden of blood disorders is increasing with each year.

• Major companies are working on making devices easier to use. Technological advancements like hemoglobinometers, that is a pocket-sized compact device and has patient data stored in it and has printable features. Many of the companies are developing a combined hematology and CPR system to improve functionality and features. The development of small and compact systems with high accuracy is increasing such as CELL-DYN series from Abbott.

• Product recalls slow technology adoption and regulatory and reimbursement concerns are going to restrain the market in the forecast period.

• Manufacturing glitches of products lead to recall, for instance in April 2017, Sysmex has recalled around 3,682 XN Series Automated Hematology Analyzers, due to raised concerns for flames due to improper alignment of an internal protective sheet that protects electronic components from salty reagents.



Market Segmentation

• The global hematology market can be segmented by hematology as Instruments and Reagents. Instruments are further classified as Analyzers and Other Instruments. Other instruments are further segmented as Hemoglobinometers, Flow Cytometers, Centrifuges and Slide Stainer. Reagents are further classified as Hematology Reagents, Stains and Flow Cytometry reagents. By Hemostasis the market is segmented as Instruments and Reagents. Reagents are further classified as Coagulation Reagents and Control Plasmas. By end users, the market is classified as Hospitals, Clinical testing laboratories/ Diagnostic centers and Others.

• Hematology analyzers are mainly used in cell counts and differential leukocyte analysis. These are used in the screening and diagnosis of many disease states. Hematology analyzers dominated the market in 2018 with a share of more than 90% due to high technological advancements. Current hematology analyzers are able to provide around seven parts of differential white-cell analysis, based on the different technologies. Advanced technologies of analyzers are developed which reduce manual steps and minimize errors. Heska offers Element HT5 Hematology Analyzer for veterinary use. Heska also offers HemaTrue Veterinary Hematology Analyzer that delivers accurate results in only 55 seconds and with only 20 ΅L or about one drop of blood.

• Hematology reagents are essential for clinical and medical research, especially in cytology to provide accurate results. The market of hematology reagents is expected to grow over the forecast period with a CAGR of 7%. The growth in the market is due to the continuous development of new products and technology like Diagon develops and manufactures hematology reagents for Abbott Laboratories in Hungary. Neomedica d.o.o. offers hematology reagents for Abbot, ABX Horiba, Beckman Coulter, Sysmex, Diatron and also Phoenix Series Hematology Reagents for Phoenix NCC 2310, NCC 1211, and NCC 5500.





https://www.datamintelligence.com/download-sample/hematology-market">Geographical Analysis

• Geographically, the global Hematology market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.

• North America accounted for majority share within the global hematology market in the year 2018 with more than 30%. The region consists of developed countries such as the United States and Canada, which calls for highly sophisticated products with increased productivity and quicker response times. There are also high incidences of blood cancers, according to Leukemia and Lymphoma Society (LLS) in 2015, around 9.8% of the population in the United States was diagnosed with leukemia, lymphoma, and myeloma.

• Asia-Pacific consists of a significant portion of the global population and has a growing prevalence of blood diseases which has seen a rise in demand for hematology devices. Presence of hematology companies in the area, increasing healthcare awareness among the general public, and the desire for superior quality products that produce accurate results are driving the hematology market growth. Asia-Pacific held a significant portion of the market with more than 30% of the total market share in 2018 and is expected to grow at the highest CAGR of 8.21% over the period of forecast. Companies in the region have a robust product lineup for commercial markets, forming partnerships & alliances with local suppliers and improving the existing products, like in March 2016, Mindray Medical International announced a merger with Excelsior Union Limited to expand its product portfolio and market reach.





https://www.datamintelligence.com/download-sample/hematology-market">Competitive Analysis

• Some of the major market players are Abbott Laboratories, Sysmex Corporation, Danaher Corporation, Siemens Healthcare, Sigma Aldrich Corporation, Drucker Diagnostics, Bio-Rad Laboratories, Roche Diagnostics, Mindray Medical International Limited and Horiba Ltd.

• The top competitors in the global Hematology market are Sysmex Corporation, Beckman Coulter and Horiba and account for more than 90% of the market. The majority of the company’s manufacturing units are based in the Asia Pacific region. The established as well as emerging companies are increasingly focusing on the launch of advanced products to expand their market share.

• In June 2018, Beckman Coulter Diagnostics announced a partnership with the University of California to accelerate research measures in the healthcare field and come up with innovative commercial products in the field of hematology.





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Source: EmailWire.Com

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