The market for hematocrit tests is anticipated to grow at a CAGR of 5%, reaching US$ 4.9 billion by 2033.
The percentage of red blood cells in the blood is determined by a hematocrit test. It aids in determining the blood’s ability to carry oxygen, level of hydration, and general state of health. The market for hematocrit testing is growing since cardiovascular diseases, certain cancers, and other ailments are becoming more common.
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The demand for hematocrit tests is being driven by the rising prevalence of blood-related illnesses like anaemia, polycythemia, and haematological malignancies. certain tests help with the early recognition, diagnosis, and follow-up of certain illnesses, which results in successful treatment outcomes.
Anaemia is defined as a hematocrit level that is below the normal range, suggesting insufficient red blood cells. The hematocrit test is therefore crucial in the anaemia diagnosis. The increased incidence of anaemia is expected to increase demand for hematocrit assays.
Government initiatives to enhance anaemia awareness are predicted to increase the need for hematocrit testing. The Anaemia Campaign 12 was introduced by the Women and Child Development Department in 2021 to increase awareness of low haemoglobin levels in women and children. As a result, this will probably lead to a rise in hematocrit test demand and support market growth.
Market expansion is being aided by rising awareness of preventative healthcare and regular health checkups. More and more people are taking proactive steps to monitor their blood health and spot any early-stage health issues. Haematology analyzers and point-of-care testing equipment have undergone technological developments that have increased the efficiency and accessibility of hematocrit assays. Automated analyzers deliver prompt and precise results, speeding up diagnosis and enhancing.
Key Takeaways from Market Study
- The global hematocrit test market is valued at US$ 3 billion in 2023.
- Sales of hematocrit test devices are predicted to reach US$ 4.9 billion by 2033.
- Worldwide demand for hematocrit test devices is forecasted to rise at a CAGR of 5% through 2033.
- North America is leading the global market with 40% share in 2023.
- Hematocrit test analyzers account for 50% share of overall sales in 2023.
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Key Segments of Hematocrit Test Industry Research
- Boule Diagnostics
- Nihon Kohden
- Bio-Rad Laboratories
- Sysmex Corporation
The market for hematocrit tests is characterized by intense competition among key players offering a wide range of testing solutions. These companies strive to gain a competitive edge through product innovations, strategic partnerships, and expanding their geographical presence. Top market participants continually strive to introduce innovative solutions that enhance the accuracy, efficiency, and accessibility of hematocrit testing.
- PixCell Medical developed a portable point-of-care testing device called HemoScreen™. This device employs patented viscoelastic focusing technology to deliver accurate hematocrit results within minutes using only a single drop of blood. The compact and user-friendly nature of HemoScreen™ makes it suitable for use in various settings, including clinics, emergency rooms, and remote locations.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global hematocrit test market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the hematocrit test market based on product (hematocrit test analyzers, hematocrit test meters, reagents & consumables, others), indication (anemia, leukemia, lymphoma, congenital heart diseases, kidney tumor), and end user (hospitals, clinics, diagnostic centers, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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