Hemoglobin Analyzer Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Medical Devices

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Hemoglobin Analyzer Market: Overview

The size of the global market for hemoglobin analyzers was estimated at USD 1,973.5 million in 2021 and is anticipated to increase at a CAGR of 7.1%. The increased frequency of diseases such as sickle cell disease (SCD) and thalassemia, together with a robust product pipeline for hemoglobinopathies treatment, is projected to drive market growth. It is estimated that 4.4 out of every 10,000 live births are affected by thalassemia. Furthermore, there are around 40 million thalassemia carriers in India. Furthermore, the WHO estimates that about 330,000 newborns yearly have hemoglobin abnormalities. The rise in diabetes occurrences, as well as other diabetes-related disorders such as coeliac disease, thyroid disease, polycystic ovarian syndrome, diabetes insipidus, necrobiosis lipoidica diabeticorum, and mastopathy, are major drivers driving market expansion.

Geographical location, race, ethnicity, and migration affect the prevalence of hemoglobinopathies. Furthermore, sub-Saharan Africa, Asia, and the Mediterranean region all have greater rates of hemoglobin-related disorders than other regions. The frequency of new cases of hemoglobinopathies in North America and the European region has significantly grown due to migration from areas with high incidence rates. For instance, the CDC estimates that there are about 100,000 Americans who have sickle cell disease. Sickle cell disease (SCD) affects one in every 365 African-American births in the United States, compared to one in every 16,300 Hispanic-American births. A newborn African-American possesses the sickle cell trait in about 1 in 13 cases.

In the upcoming years, increased funding for the creation of innovative medicines is anticipated to fuel market expansion. Major biopharmaceutical players are working together to create innovative therapies for hemoglobinopathies using the most recent technological platforms. For the treatment of hemoglobin abnormalities, the FDA authorized Reblozyl, Adakveo, Zynteglo, and Oxbryta in 2019. Additionally, several government initiatives, including thalassemia screening for newborns and drug distribution, are anticipated to positively affect market expansion. More public knowledge of these conditions may increase demand for preventive, diagnostic, and treatment strategies for hemoglobin abnormalities.

Hemoglobin Analyzer Market: COVID-19 Impact

With the extensive availability of diagnostics to slow the virus's rapid spread during this pandemic period, COVID-19 had a significant impact on the hemoglobin analyzer market. Governments looked into the possibility of expanding blood testing done by private facilities. In this phase, attention was directed toward fulfilling the needs of COVID-19 patients. Demand would also increase if curfews and social segregation laws were to be liberalized in the near future. Compared to Black people without sickle cell disease (SCD), patients with COVID-19 and SCD continued to have a higher chance of being hospitalized, developing pneumonia, and experiencing pain. It was crucial to monitor their health since those who had SCD were more likely to have other infections, which had a big impact on the market. As a result, it is anticipated that the increasing necessity of hematological testing in COVID-19-infected patients will drive up demand for hematology products and reagents across a variety of end users, having a substantial impact on the market's growth during the pandemic.

Hemoglobin Analyzer Market: Drivers

Key Programs Adopted by Governments of Various Nations to Combat Anemia Fueling Market Development

The demand for hemoglobin meters is expected to rise due to the federal government's increased funding. Furthermore, there will be attractive potential for the hemoglobin meter market to grow due to the growth and expansion of the healthcare sector, which is being driven by both public and private actors, particularly in developing economies. The blood hemoglobin level is being affected across all age groups due to bad eating habits, a changing lifestyle, and other factors, including malnutrition in different nations. Blood hemoglobin levels impact health conditions and can cause disorders like anemia. Anemia is being managed by the governments of nations like Vietnam, India, Venezuela, and others. This factor is helping the market's expansion by fueling demand for hemoglobin analyzers.

Increase in Frequency of Disorders to Boost Market’s Growth

One of the key elements driving the rise in the need for hemoglobin analyzers is the rising prevalence of chronic diseases across the globe. In other words, the market for hemoglobin analyzers is experiencing profitable growth due to the rising incidence rates of anemia, diabetes, and other diseases. Diabetes patients must undergo regular testing, benefiting the hemoglobin analyzer industry. About 157 million Americans suffer from chronic diseases, typically incurable and continuous. Of these, 81 million have several disorders, making up more than 40% of the US population. There will be an increase in demand for hemoglobin analyzers as chronic diseases become more prevalent.

Hemoglobin Analyzer Market: Restraints

High Prices, Inaccuracies, and Strict Regulations to Hamper Market’s Growth

Hemoglobin analyzers are pricey and are not widely used in underdeveloped nations, which will likely impede the market's expansion. The limited production of hemoglobin analyzers due to these devices' high production costs acts as a barrier for the major hemoglobin market participants. Inaccuracies in testing caused by varying interpretations are another important limiting issue. In addition, the strict laws and regulations may slow the hemoglobin   Analyzer Market's expansion.

Hemoglobin Analyzer Market: Segment Overview

Blood Glucose Monitoring to Dominate Market due to Increased in Diabetic Patients

The main segment drivers are the rising prevalence of diabetes and the growing number of elderly people at risk for the disease. The segment expansion is also aided by new product introductions and rising awareness of diabetes preventive care. The inability of the pancreas to make insulin causes an increase in blood glucose levels, which is a major global problem. Around 537 million individuals were diagnosed with diabetes in 2021, and the International Diabetes Federation predicts that the figure will rise to 643 million by 2030 and 783 million by 2045. Diabetes patients can benefit from blood glucose monitoring (BGM) devices in four ways. These devices enable therapy changes and patient protection by allowing patients and physicians to quickly diagnose acute hypoglycemia or hyperglycemia and empower patients with more self-care.

With Growing Prevalence of Chronic Blood Disorder, Hospitals to Dominate Market

Modern facilities mean that hospitals will experience tremendous growth. Additionally, growing public preference for hospitals in developing economies due to their cost effectiveness would promote segmental growth. A major aspect boosting corporate growth is the rising number of hospitals using hematological testing globally. The availability of cutting-edge devices and an increase in diagnostic facilities are expected to drive demand. Additionally, it is anticipated that automation of diagnostic tools will lower the cost of these tests and hence increase demand.

Hemoglobin Analyzer Market: Regional Landscape

North America to Acquire Major Market Share due to Growing Public Initiative and Awareness

North America had the highest revenue share in the forecast period, thanks to rising awareness and improved healthcare infrastructure. By running various initiatives, various groups raise awareness. For instance, the Sickle Cell Disease Coalition raises awareness, sponsors research initiatives, and ensures that people in the United States can access treatment. Its members include federal agencies, foundations, patient organizations, research, public health, provider organizations, and organizations with religious affiliations. The region's market is projected to rise due to numerous measures launched by government agencies and research organizations to support research into developing novel medicines for treating low hemoglobin levels disorders. The study estimates that, depending on age and sex, anemia prevalence in the United States ranges from 10.5% to 106%. As a result, the country's high disease frequency necessitates a significant volume of blood tests, propelling the market. As a result of the aforementioned factors, the North American market is anticipated to expand significantly throughout the forecast period.

Throughout the forecast period, Asia Pacific is anticipated to grow at a profitable pace. The presence of numerous patients with thalassemia and sickle cell disease is anticipated to fuel market growth in the ensuing years. A hereditary disease known as sickle cell disease (SCD) affects roughly 1 in every 86 ST babies born in India's tribal communities. Favorable government programs that aim to raise the level of treatment given to patients with hemoglobinopathies are a factor in expanding the regional market. The region is experiencing a rise in SCD and thalassemia cases due to better healthcare infrastructure.

Global Hemoglobin Analyzer Market: Competitive Landscape

In November 2021, EKF Diagnostics, a global in vitro diagnostics company, announced the acquisition of Advanced Diagnostic Laboratory LLC ("ADL Health"), a Texas-based PCR-focused testing laboratory certified for high-complexity molecular diagnostics testing under the Clinical Laboratory Improvement Amendments ("CLIA"). The CLIA-certified laboratory at ADL Health performs clinical, forensic, and microbiological examinations. The company holds ISO 15189 Medical Laboratory accreditation, which means it is recognized in 44 countries and demonstrates ADL Health's commitment to high standards. In February 2020, at MEDLAB 2020, Erba Mannheim (London, UK) introduced the EC 90, an electrolyte analyzer with maintenance-free electrodes in an all-in-one sensor cartridge. Erba has introduced new immunoassays, clinical chemistry, diabetes, and hematology products to increase the productivity of small and medium-sized labs.

Few of the players in the Hemoglobin Analyzer Market include Erba diagnostics Mannheim, Alere Inc., I Sens Inc., Infopia Co Ltd, Roche Holding AG, Trinity Biotech plc, Ceragem Medisys, Convergent Technologies, Drew Scientific, EKF Diagnostics.

Regional Classification of the Global Hemoglobin Analyzer Market is Described Below:

North America

  • U.S.
  • Canada


  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability

Key Elements Included In The Study: Global Hemoglobin Analyzer Market

  • Hemoglobin Analyzer Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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