The global Hematology Analyzers Market is anticipated to grow at a considerable pace over the forecast period owing to the innovations in various areas such as genetic therapies, pharmacogenomics, bleeding disorders, hemoglobinopathies, stem cell research, and proteomics. Likewise, factors such as the rise in public awareness and the consolidation of diagnostic laboratory chains have been driving the growth of the global hematology market, and the trend is expected to continue over the forecast period.
Rising adoption rates of automated hematology instruments combined with growing preferences towards high sensitivity hematology testing are anticipated to drive the global market over the forecast period. Moreover, increasing technological development such as the expansion of high throughput hematology analyzers and the introduction of basic cytometry techniques analyzers have been propelling industry growth and the trend is expected to continue over the next seven years.
However, intense competition among existing players and the high cost of hematology analyzers are supposed to restrain industry growth over the next seven years. Also, time-consuming and stringent regulatory policies for hematology instruments are projected to hamper market growth over the forecast period.
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Factors attributing towards the dominance of clinical testing labs division are chronic lead poisoning and sickle cell disease, increasing the prevalence of blood-related disorders such as hereditary spherocytosis, cytochemistries on blood and bone marrow, identification of abnormal hemoglobin’s, and chronic granulomatous disease.
Geographically the global hematology market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Asia. North America dominated the market on revenue share in the recent past owing to the high disposable income and implementation of automated hematology instruments by diagnostic laboratories. Asia Pacific is anticipated to witness maximum growth over the forecast period due to the presence of untapped opportunity mainly in the developing economies of China and India.
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