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Hematology Analyzers And Reagents Market Projected to Reach 4.27 Billion by 2022

Hematology Analyzers And Reagents Market


The hematology analyzers and reagents market consists of sales of hematology analyzers and reagents. Hematology analyzers provide complete blood count (CBC) with a three part differential white blood cell (WBC) count and can detect small cell populations to diagnose rare blood conditions, measure cell morphology.

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The global hematology analyzers and reagents market was valued at about $3.19 billion in 2018 and is expected to grow to $4.27 billion at a CAGR of 7.6% through 2022.

The rising number of blood donations globally is driving the hematology analyzers and reagents market as hematology analyzers are used to test and screen blood in blood banks. Blood collected from donors through blood donation camps or bloodmobiles is sent to blood banks where hematology analyzers are used to screen and test the blood. These screening tests determine the blood type, analyze the blood plasma and detect infectious diseases. Blood banks are witnessing a huge outflow of blood to hospitals and other end-users and inflow of blood from blood donations on a daily basis. According to the World Health Organization, blood donations from voluntary unpaid donors increased by 11.6 million between 2008 and 2015. As the number of people donating blood increases, the demand for hematology analyzers and reagents increases, thereby driving market growth.

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