Blood Testing Equipment Market Size, Share, and Analysis, By Product (Incubator, Photo Colorimeter, Haemoglobin Meter, Blood Cell Counter, Others), By Method (Manual, Automated), By End-use (Hospitals, Pathology Labs, Blood Banks, Diagnostic Centers) and Regional Forecasts, 2022-2032.
Global Blood Testing Equipment Market Size, Share, and Analysis, By Product (Incubator, Photo Colorimeter, Haemoglobin Meter, Blood Cell Counter, Others), By Method (Manual, Automated), By End-use (Hospitals, Pathology Labs, Blood Banks, Diagnostic Centres) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW:
The Global Blood Testing Equipment market size was USD 75.1 billion in 2021 and projected to grow from USD 85.2 billion in 2023 to USD 152 billion by 2032, exhibiting a CAGR of 6.6% during the forecast period.
Blood tests are done to examine cells, proteins, or other substances in the blood. Blood testing is the most usual type of lab tests. Blood testing equipment refers to the various devices and instruments used to analyze and test blood samples. Blood tests are important diagnostic tools that can help healthcare providers diagnose, monitor, and manage a wide range of medical conditions.
MARKET HIGHLIGHTS
Global Blood Testing Equipment Market is expected to project a notable CAGR of 6.6% during the forecast period, 2022-2032
The global Blood Testing Equipment Market is expected to reach USD 152 billion at a CAGR of 6.6% during forecast period owing to the rising medical expenditure by the government and regulatory bodies which is expected to drive the market during the forecast period.Few government bodies and key organizations are encouraging patients for regular diagnostic examinations/ checkups as a preventive measure.
GLOBAL BLOOD TESTING EQUIPMENT MARKET SEGMENTATION:
Haemoglobin Meter segment is expected to grow with high CAGR during the forecast period
Global Blood Testing Equipment Market is classified based on the Products into Incubator, Photo Colorimeter, Haemoglobin Meter, Blood Cell Counter, Others. The Haemoglobin Meter segment dominated the market and is expected to dominate in forecast period attributing to the high market absorption of blood glucose tests in the global market. Haemoglobin meters are used extensively in healthcare settings such as hospitals, clinics, and blood banks. They are also used in community health programs and in-home healthcare settings. The meters are designed to be portable, easy to use, and provide quick results, which make them a valuable tool for healthcare providers in the diagnosis and management of anaemia and other blood disorders..
Diagnostics centres segment is expected to grow with high CAGR during the forecast period
MARKET DYNAMICS:
Growth Drivers
Incidence of Diseases is Expected to Boost the Growth of the Market
Growth of Research and Development is Expected to Boost the Growth of the Market
Restraint
Stringent Approval Policies May Restrain the Market Growth
Global Blood Testing Equipment Market_Key Players Covered:
REGIONAL ANALYSIS
Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominated the Global Blood Testing Equipment market and accounted for the largest share in 2021 owing to rise in the number of initiatives being undertaken by government and increase plasma donations by market players and increased blood donation centres across the region. Asia Pacific market is expected to grow at the fastest CAGR over the forecast period owing to the increase in prevalence of chronic diseases in certain countries like India and China along with the investment of several multinational companies in the region which might be a major factor propelling the Global Blood Testing Equipment market growth.
Global Blood Testing Equipment Market report also contains analysis on:
Global Blood Testing Equipment Market Segments:
PRODUCT OVERVIEW:
The Global Blood Testing Equipment market size was USD 75.1 billion in 2021 and projected to grow from USD 85.2 billion in 2023 to USD 152 billion by 2032, exhibiting a CAGR of 6.6% during the forecast period.
Blood tests are done to examine cells, proteins, or other substances in the blood. Blood testing is the most usual type of lab tests. Blood testing equipment refers to the various devices and instruments used to analyze and test blood samples. Blood tests are important diagnostic tools that can help healthcare providers diagnose, monitor, and manage a wide range of medical conditions.
MARKET HIGHLIGHTS
Global Blood Testing Equipment Market is expected to project a notable CAGR of 6.6% during the forecast period, 2022-2032
The global Blood Testing Equipment Market is expected to reach USD 152 billion at a CAGR of 6.6% during forecast period owing to the rising medical expenditure by the government and regulatory bodies which is expected to drive the market during the forecast period.Few government bodies and key organizations are encouraging patients for regular diagnostic examinations/ checkups as a preventive measure.
GLOBAL BLOOD TESTING EQUIPMENT MARKET SEGMENTATION:
Haemoglobin Meter segment is expected to grow with high CAGR during the forecast period
Global Blood Testing Equipment Market is classified based on the Products into Incubator, Photo Colorimeter, Haemoglobin Meter, Blood Cell Counter, Others. The Haemoglobin Meter segment dominated the market and is expected to dominate in forecast period attributing to the high market absorption of blood glucose tests in the global market. Haemoglobin meters are used extensively in healthcare settings such as hospitals, clinics, and blood banks. They are also used in community health programs and in-home healthcare settings. The meters are designed to be portable, easy to use, and provide quick results, which make them a valuable tool for healthcare providers in the diagnosis and management of anaemia and other blood disorders..
Diagnostics centres segment is expected to grow with high CAGR during the forecast period
MARKET DYNAMICS:
Growth Drivers
Incidence of Diseases is Expected to Boost the Growth of the Market
Growth of Research and Development is Expected to Boost the Growth of the Market
Restraint
Stringent Approval Policies May Restrain the Market Growth
Global Blood Testing Equipment Market_Key Players Covered:
- Abbott
- Becton Dickinson & Company
- Roche Diagnostics
- Bio-Rad Laboratories
- Genteel
- Baxter International
- Cepheid Corporation
- Biomerica, Inc.
- Thermo Fisher Scientific Inc
- Meridian Bioscience, Inc.
- Trinity Biotech
- TaiDoc Technology Corporation
- Getein Biotech, Inc
- Other Prominent Players
REGIONAL ANALYSIS
Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominated the Global Blood Testing Equipment market and accounted for the largest share in 2021 owing to rise in the number of initiatives being undertaken by government and increase plasma donations by market players and increased blood donation centres across the region. Asia Pacific market is expected to grow at the fastest CAGR over the forecast period owing to the increase in prevalence of chronic diseases in certain countries like India and China along with the investment of several multinational companies in the region which might be a major factor propelling the Global Blood Testing Equipment market growth.
Global Blood Testing Equipment Market report also contains analysis on:
Global Blood Testing Equipment Market Segments:
- By Product
- Incubator
- Photo Colorimeter
- Haemoglobin Meter
- Blood Cell Counter
- Others
- By Method
- Manual
- Automated
- By End-use
- Hospitals
- Pathology Labs
- Blood Banks
- Diagnostic Centres
- Global Blood Testing Equipment Market Dynamics
- Global Blood Testing Equipment Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1 EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Blood Testing Equipment Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Blood Testing Equipment Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL BLOOD TESTING EQUIPMENT MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL BLOOD TESTING EQUIPMENT MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Product
11.3.1.1. Instruments Incubator
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Photo Colorimeter
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Hemoglobin Meter
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.4. Blood Cell Counter
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2. Market Share (%) 2022-2032F
11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.5. Others
11.3.1.5.1. By Value (USD Million) 2022-2032F
11.3.1.5.2. Market Share (%) 2022-2032F
11.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Method
11.3.2.1. Manual
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Automated
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3. By End-use
11.3.3.1. Hospitals
11.3.3.1.1. By Value (USD Million) 2022-2032F
11.3.3.1.2. Market Share (%) 2022-2032F
11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.2. Pathology Labs
11.3.3.2.1. By Value (USD Million) 2022-2032F
11.3.3.2.2. Market Share (%) 2022-2032F
11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.3. Blood Banks
11.3.3.3.1. By Value (USD Million) 2022-2032F
11.3.3.3.2. Market Share (%) 2022-2032F
11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.4. Diagnostic Centers
11.3.3.4.1. By Value (USD Million) 2022-2032F
11.3.3.4.2. Market Share (%) 2022-2032F
11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product
12.3.2. By Method
12.3.3. By End-use
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product
13.3.2. By Method
13.3.3. By End-use
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product
14.3.2. By Method
14.3.3. By End-use
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product
15.3.2. By Method
15.3.3. By End-use
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product
16.3.2. By Method
16.3.3. By End-use
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Abbott
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Becton Dickinson & Company
18.3. Roche Diagnostics
18.4. Bio-Rad Laboratories
18.5. Genteel
18.6. Baxter International
18.7. Cepheid Corporation
18.8. Biomerica, Inc.
18.9. Thermo Fisher Scientific Inc
18.10. Meridian Bioscience, Inc.
18.11. Trinity Biotech
18.12. TaiDoc Technology Corporation
18.13. Getein Biotech, Inc
18.14. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Blood Testing Equipment Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Blood Testing Equipment Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL BLOOD TESTING EQUIPMENT MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL BLOOD TESTING EQUIPMENT MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Product
11.3.1.1. Instruments Incubator
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Photo Colorimeter
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Hemoglobin Meter
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.4. Blood Cell Counter
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2. Market Share (%) 2022-2032F
11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.5. Others
11.3.1.5.1. By Value (USD Million) 2022-2032F
11.3.1.5.2. Market Share (%) 2022-2032F
11.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Method
11.3.2.1. Manual
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Automated
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3. By End-use
11.3.3.1. Hospitals
11.3.3.1.1. By Value (USD Million) 2022-2032F
11.3.3.1.2. Market Share (%) 2022-2032F
11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.2. Pathology Labs
11.3.3.2.1. By Value (USD Million) 2022-2032F
11.3.3.2.2. Market Share (%) 2022-2032F
11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.3. Blood Banks
11.3.3.3.1. By Value (USD Million) 2022-2032F
11.3.3.3.2. Market Share (%) 2022-2032F
11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.4. Diagnostic Centers
11.3.3.4.1. By Value (USD Million) 2022-2032F
11.3.3.4.2. Market Share (%) 2022-2032F
11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product
12.3.2. By Method
12.3.3. By End-use
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product
13.3.2. By Method
13.3.3. By End-use
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product
14.3.2. By Method
14.3.3. By End-use
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product
15.3.2. By Method
15.3.3. By End-use
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA BLOOD TESTING EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product
16.3.2. By Method
16.3.3. By End-use
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Abbott
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Becton Dickinson & Company
18.3. Roche Diagnostics
18.4. Bio-Rad Laboratories
18.5. Genteel
18.6. Baxter International
18.7. Cepheid Corporation
18.8. Biomerica, Inc.
18.9. Thermo Fisher Scientific Inc
18.10. Meridian Bioscience, Inc.
18.11. Trinity Biotech
18.12. TaiDoc Technology Corporation
18.13. Getein Biotech, Inc
18.14. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
