Hematology Analyzers Market Anticipated To Reach US$ 2,000 Mn By 2024

According to researchers from the University of Southern California, and the
Brookings Institution, employers and payers who use reference pricing are likely to
lower the hematology test price by 31.9%. This is expected to help patients in
choosing the tests which are close to their reference price, saving their out-of-pocket
burden. In addition, several companies are manufacturing and marketing miniature
instruments with high accuracy. Analyzers are converging multi-parameter tests into
single platforms through these miniaturized machines, thereby helping labs and
hospitals to save on heavy investments. These factors are driving growth of the global
hematology analyzer market.
In its recent report, Persistence Market Research (PMR) projects the global
hematology analyzer market to register an impressive expansion at 5.7% CAGR
during the forecast period 2016 to 2024. In 2015, the market was evaluated at
revenues worth US$ 1,283 Mn, and is estimated to surpass US$ 2,000 Mn by 2024end. Leading players in the global hematology analyzer market are introducing
innovative products in order to retain as well as increase their market share.
Advancements in information technology has garnered demand for IT-driven medical
information networks in healthcare sector, contributing to effective collection and
analysis of hematology test data. Such factors are propelling demand for hematology
analyzers globally.
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In addition, other factors such as increasing awareness about chronic diseases and
surging demand for hematology analyzers from healthcare settings on the back of
growing geriatric population are expected to drive growth of the market. In contrast,
macro-economic and geopolitical uncertainties associated with monetary and fiscal
policies are affecting global market players. In addition, liquidity risk is expected to
restrain growth of small-scale hematology analyzer manufacturers. Various regulatory
challenges have been incurred in the approval of hematology analyzers. Moreover,
presence of excess and obsolete inventories such as semi-automatic hematology
analyzer is increasing owing to the rise in automation. These factors are anticipated to
hamper the market growth.5 part differential analyzer is estimated to remain soughtafter product, with sales estimated to reach US$ 1,386.7 Mn by 2024-end. Sales of 6
part differential analyzer are expected to register fastest growth through 2024. In
addition, 3 part differential analyzer and 5 part differential analyzer are expected to
witness parallel expansion at 5.6% CAGR through 2024.
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By modality, standalone hematology analyzers will remain most-lucrative in the
market, expanding at 5.8% CAGR through 2024. These analyzers are highly
preferred among large-scale hospitals in developed economies. In addition, sales of
point of care hematology analyzers are estimated to reach US$ 929.2 Mn by 2024end.Hospitals are expected to account for highest share of the market, and will remain
the largest end-users of hematology analyzers across the globe. Sales of hematology
analyzers in hospitals are projected to reach nearly US$ 600 Mn by in 2017. In
addition, diagnostic centres are expected to be the emerging end-users of hematology
analyzers, with sales estimated to expand at 5.7% CAGR through 2024. North
America will retain its dominance in the global hematology analyzer market
throughout the forecast period. Sales of hematology analyzers in North America will
surpass US$ 700 Mn in revenues by 2024-end. In addition, Asia Pacific will be the
fastest growing market for hematology analyzers, expanding at 7.1% CAGR through
Key market players identified in PMR’s report include SYSMEX CORPORATION,
Abbott Laboratories, Beckman Coulter Inc, Siemens AG, Boule Diagnostics AB.,
Nihon Kohden Corporation, Mindray, HORIBA, Ltd., Diatron, Cellavision, Edan
Instruments, Inc., SAMSUNG, Biosystems S.A, F. Hoffmann-La Roche Ltd.,
Shenzhen Dymind Biotechnology Co., Ltd, PZ CORMAY S.A., PixCell, Shenzhen
Landwind Industry Co., Ltd, Rayto Life and Analytical Sciences Co., Ltd., Shenzhen
Prokan Electronics Lnc.
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