Hematology Market– Growing Population With Blood Related Disorders Globally By Leading Companies: Abbott Laboratories, Sysmex Co., Beckman Coulter, Danaher, Mind ray Medical International Limited, Siemens Healthcare, Roche diagnostics
According to data given by Leukemia and Lymphoma society (LLS) in 2015, around 9.8% of the population in the United States was diagnosed with leukemia, lymphoma, and myeloma. The data given by National Hemophilia Foundation shows that approximately 400,000 people are suffering from hemophilia in U.S.. Growing population with the blood related disorders is the major factor driving the growth of hematology market. The hematology instruments are showing the transition from traditional instruments to semi-automated instruments and to the recent automated instruments.
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For instance, Beckman Coulter’s automatic hematology analyzer Unicel DxH slidemaker strainer cellular analysis system has a ‘load and go’ feature that provides the most advanced slide making technology. This analyzer is supported by DxH SMS software that is helping to increase the productivity of diagnostic laboratories. Adoption of this automated instruments by diagnostic laboratories is also owing to the growth of hematology market. Additionally, some advancements in the research areas such as genetic therapies, stem cell research, proteomics, pharmacogenomics, and bleeding disorders, is the another factor contributing to the progress of hematology market.
However, the high cost of hematology instruments, stringent and time consuming regulatory policies for hematology analyzers, and hematology product recalls are some restraints that might hinder the growth of hematology market.
Regional segmentation of global hematology market by Coherent Market Insights comprises of North America, Latin America, Europe, Africa, Asia Pacific, and The Middle East. Availability of a large number of diagnostic centers and adoption of highly adopted hematology analyzers by the laboratories is owing to the domination of North America in the hematology market. Rising population with blood disorders and investments made in research and development are some of the important factors for North America to hold the largest share in hematology market. Asia Pacific is also expected to drive the growth in hematology market followed by North America and Europe. Growing patient population, rising demand for technologically advanced medical devices, and rise in a number of advanced clinics, are some of the driving factors of hematology market in this region.
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Key business players operating the global hematology market includes Abbott Laboratories, Sysmex Co., Beckman Coulter, Danaher, Mind ray Medical International Limited, Siemens Healthcare, Roche diagnostics, Bio Rad laboratories, and Sigma Aldrich Co. Companies are even adopting the strategy of merger and acquisition to sustain in the global hematology market.