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How Has the Complete Blood Count Device Market Grown from 2024 to 2025?
The market size for complete blood count devices has seen robust growth in the past few years. The market is anticipated to expand from $4.11 billion in 2024 to $4.36 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.2%. The past growth in the market has been driven by factors such as an increase in infectious diseases, heightened awareness of preventive healthcare, expansion of diagnostic laboratories, more public health screening programs, and a rise in the elderly population.
What Growth Rate Is Anticipated for the Complete Blood Count Device Market in the Coming Years?
Anticipations are high for considerable expansion in the comprehensive blood count apparatus market in the forthcoming years. It’s anticipated to surge to $5.51 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.0%. This projected rise can be accredited to advancements in hematology analyzer technology, integration of AI and automation in diagnostic procedures, burgeoning demand for point-of-care diagnostics, increased healthcare spending in emerging markets, and an escalating incidence of chronic ailments. Key trends expected within the prognosis period encompass the application of AI in deciphering results, point-of-care testing miniaturization, the emergence of wireless data transmission, cartridge-based consumables development, and the introduction of multiplex testing features.
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Who Are the Leading Companies in the Complete Blood Count Device Market?
Major companies operating in the complete blood count device market are Abbott Laboratories, Siemens Healthineers, Mindray Medical International Limited, Beckman Coulter Inc., Bio-Rad Laboratories, Sysmex Corporation, Horiba Ltd., Nihon Kohden Corporation, Agappe Diagnostics Ltd., Trivitron Healthcare Pvt. Ltd., HemoCue AB, EKF Diagnostics Holdings plc, Erba Mannheim, Boule Diagnostics AB, Biosystems S.A., Diatron MI Zrt., Ajanta Export Industries, Labtron Equipment Ltd., Microlab Instruments Co. Pvt. Ltd., URIT Medical Electronic Co. Ltd.
What Are the Key Drivers of the Complete Blood Count Device Market?
Increased cases of blood disorders are anticipated to fuel the expansion of the complete blood count device market. Blood disorders, which interfere with the production, function or structure of blood cells, thus causing a disruption in blood function, are on the rise. This increase is related to the proliferation of lifestyle-related diseases, in which poor nutrition, lack of activity, and stress lead to conditions such as anemia and clotting disorders. A complete blood count (CBC) device plays a vital role in diagnosing these blood disorders by inspecting crucial blood components and recognizing irregularities. This enables medical professionals to detect clotting issues, ensuring accurate and immediate treatment. For instance, the Canadian Cancer Society reported in May 2024, that 4,100 people were diagnosed with multiple myeloma (a kind of blood cancer), while 1,750 lost their lives to the illness. Consequently, the accelerating cases of blood disorders are driving the expansion of the complete blood count device market.
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What Are the Key Market Segments in the Complete Blood Count Device Industry?
The complete blood count device market covered in this report is segmented –
1) By Device Type: Automated Blood Count Analyzers, Manual Blood Count Analyzers, Point-Of-Care Testing Devices, Hematology Analyzers
2) By Test Type: White Blood Cell Count (WBC Or Leukocyte Count), White Blood Cell (WBC) Differential Count, Red Blood Cell Count (RBC Or Erythrocyte Count), Hematocrit (Hct), Hemoglobin (Hbg), Platelet Count, Mean Platelet Volume (MPV), Mean Corpuscular Hemoglobin (MCH), Other Test Types
3) By Technology: Impedance Technology, Laser-Based Technology, Flow Cytometry, Microscopy
4) By Distribution Channel: Direct Sales, Online Sales, Third-Party Distributors, Retail Pharmacies
5) By End-User: Hospital, Diagnostic Laboratories, Research Institutes, Other End-Users
Subsegments:
1) By Automated Blood Count Analyzers: 3-Part Differential Analyzers, 5-Part Differential Analyzers, 6-Part And Above Differential Analyzers, Integrated Hematology Systems, High-Throughput Lab Analyzers
2) By Manual Blood Count Analyzers: Hemocytometers, Microscopes For Manual Differential, Manual Cell Counters, Staining Kits And Reagents
3) By Point-of-Care Testing Devices: Portable Hematology Analyzers, Handheld Complete Blood Count (CBC) Devices, Fingerstick Blood Test Devices, Rapid Diagnostic Complete Blood Count (CBC) Kits
4) By Hematology Analyzers: Low-Volume Hematology Analyzers, Mid-Volume Hematology Analyzers, High-Volume Hematology Analyzers, Veterinary Hematology Analyzers, Reagent-Free Analyzers
What Are the Latest Trends in the Complete Blood Count Device Market?
Principle entities in the comprehensive blood count apparatus market, like compact hematology analyzers, are central to the strategies of blue-chip firms aiming to deliver quicker, more precise, and economical solutions for point-of-care testing. These compact analyzers, characterized by their portability and simplicity, return swift and correct complete blood count (CBC) results using marginal sample quantities. This makes them perfectly suited for point-of-care application, improving diagnostic precision, efficiency, and usability while being cost-efficient and simple to preserve. For instance, HORIBA, a Japanese firm specializing in analytical and measurement technology, rolled out the Yumizen H550E and H500E hematology analyzers in June 2024. These condensed devices employ HORIBA’s CoRA (correlated rouleaux analysis) technology to fuse erythrocyte sedimentation rate (ESR) tests with complete blood count (CBC) and 5-part differential (DIFF) analysis. This offers thorough outcomes from entirely blood samples in mere 60 seconds.
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What Are the Key Regional Markets in the Complete Blood Count Device Industry?
North America was the largest region in the complete blood count device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the complete blood count device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the complete blood count device market, and how is it changing globally?
2. Who are the major companies in the complete blood count device market, and how are they performing?
3. What are the key opportunities and risks in the complete blood count device market right now?
4. Which products or customer segments are growing the most in the complete blood count device market?
5. What factors are helping or slowing down the growth of the complete blood count device market?
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