An Increasing Rate of Blood Disorders is Likely to spur the growth of the Blood Cell Analyzer Market
Blood cell analyzers are widely used devices in healthcare sectors and in research settings to characterize and count blood cells in order to conduct detection and monitoring of the disease. Advanced blood cell analyzers are equipped with the latest software that can measure cell morphology and can detect small cell populations to diagnose rare blood conditions.
The growing application of blood cell analyzers in research settings such as drug discovery is the prime factor that is bolstering the growth of the global blood cell analyzer market. The prevalence of bleeding and clotting disorders is growing significantly. Annually, it is estimated that around 1.2 million Americans develop a condition of deep venous thrombosis (DVT). Also, as per the data published by National Hemophilia Foundation, in the US, nearly 33,000 people are living with hemophilia. Thus, in healthcare settings, there is an increase in demand for blood cell analyzers to detect blood clot-related and blood-related disorders thereby fuelling the market growth. Moreover, the growing adoption of blood cell analyzers from diagnostic centers and hospitals in laboratory settings and patient care is also predominantly driving the growth of the global market. Furthermore, growing technological advancements such as the launch of high throughput blood cell analyzers may generate numerous opportunities for the growth of the global market.
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The global blood cell analyzer market is split on the basis of modality, product, application, end-user, and region. The modality segment comprises floor-standing and bench-top. Based on the product, the global market is segregated into fully-automated biochemistry analyzers and semi-automated biochemistry analyzers. The application segment includes drug development, clinical diagnostics, and others. The end-users of the global market are hospitals, academic research institutes, contract research organizations, pharma & biotech companies, and diagnostic centers.
North America is projected to hold the topmost position in the global blood cell analyzer market during the forecast period. Clinical settings widely adopting fully automated biochemistry analyzers, the growing prevalence of blood-related disorders, and huge investments for the launch of innovative products are some of the major factors that are significantly contributing to the growth of the market in this region. Asia Pacific market is expected to offer lucrative opportunities for market growth and register the fastest growth during the forecast period.
Sysmex Corporation, Bio-Rad Laboratories, Horiba Ltd, Siemens Healthcare, Danaher Corporation, Abbott Laboratories, Boule Diagnostics AB, Sigma Aldrich, and F. Hoffmann-La Roche AG, and others are some of the prominent players that are operating in the global blood cell analyzer market.
Key Development: In March 2021, Sysmex Corporation continues to evolve its hematology product portfolio with the launch of the XQ-Series Automated Hematology Analyzer and the XR-Series Automated Hematology Analyzer.
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