Global Hemoglobin Testing Market, By Product Type (Automated Hematology Analyzers, Point-of-Care, Reagents and Consumables), Technology (Chromatography, Immunoassay, Others), End Users (Hospitals, Research Centers, Laboratories, Diagnostic Centers, Homecare Settings, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The hemoglobin testing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 9.18% in the above mentioned forecast period.
Hemoglobin testing is the procedure of carrying out diagnostic tests to detect the levels of hemoglobin in the patient’s blood. Hemoglobin tests are used broadly by doctors as a part of their routine check-ups or to analyze a serious medical condition in the patient.
The favorable reimbursement of hemoglobin testing under various health insurance policies is amongst the important factor expected to intensify the growth and demand of hemoglobin testing market. In addition, the increase in the preference for home-care treatment among anemia and thalassemia patients and are rise in the focus of various market players on development of hand-held and point-of-care hemoglobin analyzers are also expected contribute to the growth in the global market over the forecast period of 2021 to 2028. Also the rapid rise in the prevalence of diabetic population across the globe and increase in the incidence of home-based diagnostic tests are also likely to enhance the growth of the market. Furthermore, the improving health infrastructure and rise in per capita expenditure on health care are also one of the significant factors expected to fuel the growth of the hemoglobin testing market.
The rise in healthcare expenditures, rise in awareness for blood-related ailments and rapid development of advanced techniques providing quick results and ease-of-use are anticipated to offer significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the increase in the levels of costs associated with the medical devices and rise in the concerns regarding the high maintenance costs are expected to curb the growth of the hemoglobin testing market, whereas the lack of detection of other molecular components other than hemoglobin levels with this test can challenge the growth of the hemoglobin testing market.
This hemoglobin testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hemoglobin testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hemoglobin Testing Market Scope and Market Size
The hemoglobin testing market is segmented on the basis of product type, technology and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the hemoglobin testing market is segmented into automated hematology analyzers, point-of-care and reagents and consumables. Point-of-care has further been segmented into manual and digital.
- Based on technology, the hemoglobin testing market is segmented into chromatography, immunoassay and others.
- The end user segment of hemoglobin testing market is segmented into hospitals, research centers, laboratories, diagnostic centers, homecare settings and others.
Hemoglobin Testing Market Country Level Analysis
The hemoglobin testing market is analyzed and market size insights and trends are provided by country, product type, technology and end user as referenced above.
The countries covered in the hemoglobin testing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the hemoglobin testing market owing to the rise in the prevalence of thalassemia and other chronic blood disorders along with the increase in the number of diagnostic centers for the detection of hemoglobin levels and diagnosis of various hemoglobinopathies. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the unmet medical needs and increase in the prevalence and incidence of diabetes.
The country section of the hemoglobin testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The hemoglobin testing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hemoglobin testing market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hemoglobin testing market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Hemoglobin Testing Market Share Analysis
The hemoglobin testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hemoglobin testing market.
The major players covered in the hemoglobin testing market report are Abbott, Bio-Rad Laboratories, Inc., Danaher, F. Hoffmann-La Roche Ltd, EKF Diagnostics, Siemens Healthcare GmbH, Thermo Fisher Scientific Inc., ACON Laboratories, Inc., BIOMEDOMICS INC., Hemosure, Inc., Humasis Co., Ltd., Immunostics Inc., Germaine Laboratories, Inc., Portea Medical, LifeSign LLC, Medix Biochemica, Nanoentek, Quidel Corporation, TCS Biosciences Ltd., and Nova Biomedical among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.