Global Hematology Testing Instrument Market: Overview
- Hematology involves the study of blood, in particular how blood can affect overall health. Used in different settings, hematology instruments can do blood count, detect proteins or enzymes, and help to diagnose illnesses or genetic defects.
- Hematology tests can evaluate a number of blood conditions including infection, anemia, inflammation, hemophilia, blood-clotting disorders, leukemia, and the body’s response to chemotherapy treatments. Tests could be routine and regular, or these may be used to diagnose serious conditions in urgent situations.
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Key Driver of Global Hematology Testing Instrument Market
- Hematology testing devices have come a long way from disease detection and monitoring to counting and characterizing blood cells
- The concept of automation has extended to detect small cell populations to diagnose rare blood conditions, which require less labor, rapid result, and easy-to-use analyzers. Current technologies include automation of hematology analyzers, electrical impedance, flow cytometry, and fluorescent flow. Combination of these technologies has increased the yield and productivity of test results. Test volume i.e., number of tests performed, is projected to increase owing to technological advances in disease diagnosis and rise in demand for preventive diagnosis and treatment monitoring. This also augments the demand for hematologyanalyzers with high throughput.
- Such technological revolution in hematology testing is expected to propel the market during the forecast period
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Key Restraint in Global Hematology Testing Instrument Market
- Technological advancements in blood testing instruments carry a heavy price tag. A number of laboratories cannot afford highly priced instruments. Therefore, there is a need of low-volume laboratory analyzers, which are cost-effective and easy-to-use.
- High cost of instruments can increase testing cost, which can restrain the global hematology diagnostic market during the forecast period
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North America to Account for Major Share of Global Hematology Testing Instrument Market
- In terms of region, the global hematology testing instrument market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America is projected to dominate the global market during the forecast period. This is attributed to high average selling price of automated hematology analyzers, rise in demand among surgeons for technologically advanced diagnostic instruments with enhanced specificity & precision, and favorable coverage as per the Clinical Laboratory Improvement Amendments for in-vitro diagnostic procedures in the region.
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Key Players Operating in Global Hematology Testing Instrument Market
Major players operating in the global hematology testing instrument market include:
- Abbott Laboratories
- Bio-Rad Laboratories, Inc.
- Sysmex Corporation
- Mindray Medical International Limited
- Siemens Heathineers
- Hoffmann-La Roche
- HORIBA, Ltd.
- Other Prominent Players
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