The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Overview and Growth

• Current Market Size: The hematocrit test devices market was valued at $4.35 billion in 2023.
• Projected Growth: Expected to reach $4.63 billion in 2024, with a compound annual growth rate (CAGR) of 6.4%.
• Historic Growth Drivers:
  • Increased awareness of anemia and nutritional deficiencies.
  • Rising incidence of chronic illnesses.
  • Surge in government funding and population growth.

Future Growth Projections

• Forecasted Market Size: Anticipated to grow to $5.98 billion by 2028.
• Future CAGR: Expected to maintain a CAGR of 6.6%.
• Key Growth Factors:
  • Rising prevalence of anemia and blood disorders.
  • Increasing geriatric population and focus on health.
  • Expanding need for cardiovascular diagnostic tools.

View More On The Hematocrit Test Devices Market Report 2024 – https://www.thebusinessresearchcompany.com/report/hematocrit-test-devices-global-market-report

Impact of Blood Disorders

• Prevalence of Blood Disorders:
  • Growing due to genetic factors, environmental pollution, and lifestyle changes.
  • Blood disorders impact components like red blood cells, white blood cells, and platelets.
• Market Implications:
  • Hematocrit test devices are crucial for measuring red blood cell volume in whole blood.
  • Example: In January 2024, the American Cancer Society projected around 62,770 new leukemia cases in the U.S., boosting demand for hematocrit testing.

Major Market Players

• Leading Companies:
  • F. Hoffmann-La Roche Ltd.
  • Merck & Co. Inc.
  • Thermo Fisher Scientific Inc.
  • Abbott Laboratories
  • Siemens Healthcare GmbH
• Innovative Developments: Companies are introducing advanced solutions and technologies, such as complete blood count (CBC) hematology analyzers.

Innovative Products in the Market

• CBC Hematology Analyzers:
  • Functionality: Measure and analyze red and white blood cells, and platelets.
  • Example: Mindray Medical’s BC-700 Series, featuring advanced SF Cube 3D technology for precise analysis.
• Technological Advancements:
  • Integration of fluorescence and bi-angular laser scatter for detailed cell analysis.

Strategic Moves and Acquisitions

• Mars Incorporated and Heska Corporation:
  • Acquisition: Mars acquired Heska Corporation in June 2023 for $1.3 billion.
  • Impact: Expansion of Mars Petcare’s diagnostic capabilities and enhanced global pet healthcare solutions.

Market Segmentation

• By Product:
  • Hematocrit Test Meter
  • Hematocrit Test Analyzer
  • Reagents and Consumables
• By Application:
  • Anemia
  • Polycythemia Vera
  • Congenital Heart Diseases
  • Other Applications
• By End-User:
  • Hospitals and Ambulatory Surgical Centers
  • Clinics
  • Diagnostic and Pathology Labs
  • Other End-Users

Regional Insights

• Current Leader: North America was the largest market in 2023.
• Future Growth: Asia-Pacific is anticipated to be the fastest-growing region in the forecast period.

Conclusion
The hematocrit test devices market is experiencing robust growth driven by increasing awareness of blood disorders, technological advancements, and strategic acquisitions. With a forecasted rise in market size and the introduction of innovative products, the industry is set for a promising future

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