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Global Hematology Market

May 20, 2019

Global Hematology Market, By Product Type (Instruments (Flow Cytometers, Slide Stainers, Hemoglobinometers, Hematology Analyzers, Coagulation Analyzers, Centrifuges, and Others) and Reagents (Flow Cytometer Reagents, Immuno-Hematology Reagents, Coagulation Reagents, and Others), By Application (Auto Immune Disease, DiabetesMellitus, Drug Testing, Cancer, Infectious Disease, and Others), By End User (Research Institutes, Hospitals,Diagnostic Centers, and Others), By Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR517      
Pages :199 Pages
Format :   PPT Format   PDF Format

The global hematology market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Hematology is a division of medical science involved treatment, study, and diagnosis of blood and related disorders. The hematology comprises the treatment of blood and related disorders such as malignancies & types of hemophilia, lymphoma, leukemia, and sickle-cell anemia. The increasing diseases of blood disorder and infections drive the growth of the hematology market.

Table 1. Global Hematology Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Product Type)

Instruments (Flow Cytometers, Slide Stainers, Hemoglobinometers, Hematology Analyzers, Coagulation Analyzers, Centrifuges, and Others) and Reagents (Flow Cytometer Reagents, Immuno-Hematology Reagents, Coagulation Reagents, and Others)

Market Segmentation (By Application)

Auto Immune Disease, DiabetesMellitus, Drug Testing, Cancer, Infectious Disease, and Others

Market Segmentation (By End User)

Research Institutes, Hospitals,Diagnostic Centers, and Others

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa

Key Players Coverage

F. Hoffmann-La Roche Ltd., Agilent Technologies Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Abbott Laboratories, Fluidigm Corporation, Bio-Rad Laboratories Inc., Sysmex Co., Horiba, Nihon Kohden Corporation, Beckman Coulter, Sigma Aldrich Co., Boule Diagnostics AB, Siemens Healthcare, and Mind ray Medical International Limited, among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

The rising investment by  manufacturers and companies in the blood related techniques and devices owing to the rising prevalence of the blood disorder diseases, such as anemia and cancer ,fuels the demand for the hematology market. The number of cases for blood infection, cancer, and other diseases are increasing significantly and thus, pave the rise in the hematology market. For instance, in July 2016, the American Society for hematology awarded grants to 9 investigators for the research of blood disorder.

Similarly, in September 2018, according to World Health Organization, cases of cancer have been raised with 18.1 million and 9.6 million cancer deaths due to the growing age, lack of physical activity, weak immune system, and others. Therefore, the rapid increase in the cases of such cancers is thriving the demand for the hematology market.

Regulatory approval of innovative techniques and products of blood disorder is expected to fuel the demand for the hematology market. Various organizations and administrations are providing investments, funds, and approvals for the clinical trials of drugs, devices, and products to know its efficacy to curb the blood disorder and increase the demand for hematology market. For instance, in August 2019, the U.S. Food and Drugs Administration approved Celgene’s Inrebic, a kinase inhibitor and another milestone for treatment of high or intermediate risk of myelofibrosis, a type of bone marrow cancer. 

However, reimbursement policies and stringent regulatory on the new product launches, due to the lack of efficacy and safety violation, are expected to hinder the growth of the hematology market over the forecasted period. For instance, in April 2017, Sysmex recalled 3,682 XN Series Automated Hematology Analyzers, due to the irregular and improper sequence of an internal protective sheet that is used to protect hematology electronic components from salty reagents.

Figure 1. PORTER’S Analysis

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

The rising concern of blood disorders, due to the rise in the incidences of cancer and anemia,. is projected to foster the growth of the market in the North America region. The growing geriatric population of North America paves significant growth to the hematology market owing to rise in demand for effective and rapid treatment for the disease. For instance, in January 2018, according to the American Cancer Society, the common type of cancer, which is affecting most of the population is Non-Hodgkin lymphoma and about 74,680 patients suffered from this disease. Therefore, the rising cases of non-Hodgkin lymphoma escalates the hematology market growth.

Moreover, the presence of several players and increase in the adoption of strategies, such as product launch, and innovations by the players to retainthe major share of the market leads to foster the growth of the hematology market in the Asia-Pacific region. For instance, in February 2018, Horiba launched Yumigen G range of hemostasis solutions in semi-automatic to fully automatic for clinical testing. The launch of new techniques and solutions drives the growth of hematology market.

Figure 2. Regional Analysis

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitive Landscape

Key players in the global hematology market include F. Hoffmann-La Roche Ltd., Agilent Technologies Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Abbott Laboratories, Fluidigm Corporation, Bio-Rad Laboratories Inc., Sysmex Co., Horiba, Nihon Kohden Corporation, Beckman Coulter, Sigma Aldrich Co., Boule Diagnostics AB, Siemens Healthcare, and Mind ray Medical International Limited, among others

Vendors and manufacturers of the hematology market focus on the launch of new product and receive the approval certification of the product to hold the significant position in the market. For instance, in November 2017, Sysmex received CLIA Waiver certification for the XW-100 automated hematology analyzer under the U.S. regulatory approval.

Furthermore, in May 2018, Beckman Coulter company launched the DxH 900 hematology analyzer which performs differential tests for white blood cell and complete blood count for the treatment of hematology.

Figure 3. Market Share of Key Players, 2019

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Product Type

  • Instruments
    • Flow Cytometers
    • Slide Stainers
    • Hemoglobinometers
    • Hematology Analyzers
    • Coagulation Analyzers
    • Centrifuges
    • Others
  • By Reagents
  • Flow Cytometer Reagents
  • Immuno-Hematology Reagents
  • Coagulation Reagents
  • Others

By Application

  • Auto Immune Disease
  • Diabetes Mellitus
  • Drug Testing
  • Cancer
  • Infectious Disease
  • Others

By End User

  • Research Institutes
  • Hospitals
  • Diagnostic Centers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides in-depth analysis of the global hematology market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global hematology market?
  • What key factors are expected to increase the demand for hematology market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global hematology market?
  • What is the total market value (US$ Mn) generated in global hematology market by product type in 2019, and what are the forecasts by 2025?
  • Which application contributes highest CAGR (%) in the hematology bank market?
  • Which end user is expected to dominate the hematology market in the coming years?
  • What was the total revenue generated by the global hematology market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global hematology market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the hematology market?
  • What are the major outcomes derived from the Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have huge impact on the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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