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As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Haematology Analyser and Reagent Market to Grow at a CAGR of 6% During 2020-2025, Driven by the Growing Demand for Haematology Analysis

According to a new report by EMR titled, ‘Global Haematology Analyser and Reagent Market Report and Forecast 2020-2025’, the global market for haematology analyser and reagent is expected to grow at a CAGR of 6% in the forecast period of 2020-2025.

The global market for haematology analyser and reagent is expected to be driven by the increasing health consciousness. This is leading to a rise in the number of health check-ups globally, which indirectly leads to an increase in the frequency of blood tests. Haematology analysers and reagents are a fundamental requirement of blood sample analysis. Hence, the increased throughput is expected to increase the production capacity of the analysers and reagents industry. The spread of disease awareness and blood bank campaigns have led to a higher number of volunteers for donations, for which rigorous sample testing is required. This is predicted to further drive the demand for haematology analysers and reagents.

On 12th April 2020, Horiba, Ltd. (OTCMKTS: HRIBF) entered into a partnership with the University Hospital of Montpellier to provide their haematology analysers for use in testing blood samples in COVID-19 research. This is due to multiple studies demonstrating the efficacy of these analysers for sorting COVID patients. Horiba is one of the leading manufacturers of haematology analysers, and the partnership is expected to highlight the importance of these devices during the pandemic. Abbott Laboratories (NYSE: ABT) has stressed on the importance of its CELL-DYN and ALINITY analyser series in identifying patients that may require escalated care. Hence, the pandemic is expected to significantly boost growth of the haematology analyser and reagent industry.

Market Analysis by Product, Usage Type, Price Range, Application, End Use, and Region:

  • The market, on the basis of product, can be divided into haematology, haematosis, and immunohaematology, which are further broken up by type as instruments and reagents and consumables.
  • The industry is divided based on usage types as standalone and point-of-care.
  • Based on price range, the market is classified as low, mid, and high range.
  • Haematological analysers and reagents find application in haemorrhagic conditions, infection-related conditions, immune system-related conditions, blood cancer, anaemia, and others.
  • The end uses for the industry include commercial service providers, hospital laboratories, and research and academic institutes, among others.
  • The regional markets for haematology analysers and reagents include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing health consciousness and disease awareness is directly linked to the growth of the haematology analyser and reagent industry.
  • The increasing demand for advanced haematological technologies is expected to drive the global market.
  • The rising demand for high-throughput automated haematology analysis is expected to increase capacity in the industry.
  • The application of haematology analysers in classifying patients suffering from COVID-19 is predicted to promote the expansion of the global market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for haematology analyser and reagent for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) market information for the products, usage types, price ranges, applications, end uses, and major regions of haematology analyser and reagent.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global haematology analyser and reagent market are Abbott Laboratories, Beckman Coulter, Inc., HORIBA Ltd, Siemens Healthcare Private Limited, Nihon Kohden Corporation, and Sysmex America, Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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