Hematocrit Test Devices Market

Hematocrit Test Devices Market (Product: Blood Analyzers, Hematocrit Test Meters, and Others; and End-user: Hospitals & Ambulatory Surgical Centers, Clinics, Diagnostic & Pathology Labs, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Hematocrit Test Devices Market Outlook 2031

  • The industry was valued at US$ 5.1 Bn in 2022
  • It is estimated to grow at a CAGR of 3.4% from 2023 to 2031 and reach US$ 7.0 Bn by the end of 2031

Analyst Viewpoint

Increase in prevalence of anemia and rise in geriatric population are driving the hematocrit test devices market size. Point-of-care hematocrit devices are gaining traction as they offer highly accurate measurements for blood donor screening. Rise in awareness regarding anemia is also boosting the demand for hematocrit test devices.

Growth in focus on health and fitness is likely to offer lucrative opportunities to vendors in the hematocrit test devices market landscape.

Key players are introducing cutting-edge solutions that improve the precision, effectiveness, and accessibility of hematocrit testing. They are also forging strategic alliances to expand their global footprint.

Market Introduction

Hematocrit test devices are frequently employed to determine the proportion of red blood cells in an individual's blood volume. Hematocrit test is crucial for the diagnosis of illnesses such as polycythemia, anemia, and dehydration.

It is also used to track the effectiveness of specific medical therapies. Hematocrit test instruments are frequently utilized in diagnostic labs, hospitals, and clinics.

Hematocrit testing equipment are employed in hospitals for regular blood check-ups, blood condition diagnoses (including anemia), and patient care monitoring. These tools are also used by clinics for rapid and precise blood analysis.

Attribute Detail
Drivers
  • Increase in Prevalence of Anemia
  • Surge in Geriatric Population

Increase in Prevalence of Anemia Augmenting Hematocrit Test Devices Market Revenue

Hematocrit test is a simple blood test that determines the proportion of red blood cells. A hematocrit level that is below the normal range, indicating inadequate red blood cells, is referred to as anemia. As a result, the hematocrit test is crucial for identifying anemia.

Growth in incidence of anemia is fueling the hematocrit test devices market development. According to the Indian government's fifth round of the National Family Health Survey (NFHS-5) of 2019–21, released in March 2022, at least 67% of children (6–59 months) suffer from anemia, up from 58.6% in the previous survey carried out in 2015–16.

Rise in awareness regarding anemia is expected to spur the hematocrit test devices market growth in the near future. In May 2021, the Women and Child Development Department launched the 'Anemia Campaign 12' in India to boost awareness about low hemoglobin levels in women and children.

Surge in Geriatric Population Propelling Market Progress

The need for hematocrit tests is anticipated to rise due to an aging population as they are more likely to develop chronic illnesses and need frequent check-ups. As per the UN World Population Prospects 2022, the proportion of the world's population that is 65 years of age or older is expected to increase from 10% in 2022 to 16% by 2050.

Additionally, it is predicted that by 2050, there will be roughly the same number of children under the age of twelve and more than twice as many people over the age of 65 worldwide.

Growth in focus on health and fitness is driving the hematocrit test devices market demand. People are becoming more proactive in tracking their blood health and early detection of potential health issues.

Hematocrit test devices are preferred by individuals around the world due to technological developments such as hematology analyzers and point-of-care diagnostic equipment.

These test devices are easily performed and give accurate results. Automated hematocrit measurement tools shorten diagnosis turnaround times and increase patient care by producing fast and reliable results.

Regional Outlook

Attribute Detail
Leading Region North America

North America held the largest market share in 2022. Increase in cases of blood-related disorders, well-developed healthcare infrastructure, and presence of major key players are some of the major factors propelling the hematocrit test devices market share in the region.

According to the latest hematocrit test devices market trends, the U.S. is anticipated to hold major share due to the presence of well-developed medical infrastructure and increase in geriatric population.

In 2022, the Hematology Journal stated that anemia is becoming more common in the U.S. Anemia affects African Americans three times more frequently than it does white people. In 2022, the Centers for Disease Control and Prevention (CDC) stated that about 890,000 visits to emergency departments with anemia were recorded in the U.S. in 2021.

Analysis of Key Players

Major players are concentrating on providing a wide range of testing options to meet the growth in demand and obtain a competitive edge over other companies. They are also introducing cutting-edge solutions that improve the precision, effectiveness, and accessibility of hematocrit testing.

Nihon Kohden Corporation, F. Hoffmann-La Roche Ltd., Danaher Corporation, Siemens Healthineers (Siemens AG), EKF Diagnostics Holdings plc, Sysmex Corporation, Nova Biomedical, Abbott, HORIBA, Ltd., and Boule Diagnostics are key players operating in this hematocrit test devices industry.

Each of these companies has been profiled in the hematocrit test devices market report based on parameters such as company overview, business strategies, financial overview, business segments, product portfolio, and recent developments.

Key Developments in Hematocrit Test Devices Market

  • In April 2022, Sysmex Europe launched its new three-part differential system ‘XQ-320 XQ-Series Automated Hematology Analyzer’, answering the needs of this important high-volume market segment
  • In 2022, Mindray launched the BC-700 Series, a compact and integrated CBC & ESR hematology analyzer for small-to-mid-sized labs

Hematocrit Test Devices Market Snapshot

Attribute Detail
Market Size in 2022 US$ 5.1 Bn
Market Forecast (Value) in 2031 US$ 7.0 Bn
Growth Rate (CAGR) 3.4%
Forecast Period 2023-2031
Historical Data Available for 2017-2021
Quantitative Units US$ Bn for Value
Market Analysis It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis.
Competition Landscape
  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • Product
    • Blood Analyzers
    • Hematocrit Test Meters
    • Others
  • End-user
    • Hospitals & Ambulatory Surgical Centers
    • Clinics
    • Diagnostic & Pathology Labs
    • Others
Regions Covered
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia and CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa
Companies Profiled
  • Nihon Kohden Corporation
  • F. Hoffmann-La Roche Ltd.
  • Danaher Corporation
  • Siemens Healthineers (Siemens AG)
  • EKF Diagnostics Holdings plc
  • Sysmex Corporation
  • Nova Biomedical
  • Abbott
  • HORIBA, Ltd.
  • Boule Diagnostics
Customization Scope Available upon request
Pricing Available upon request

Frequently Asked Questions

How big was the global hematocrit test devices market in 2022?

It was valued at US$ 5.1 Bn in 2022

How is the hematocrit test devices industry expected to grow during the forecast period?

It is anticipated to grow at a CAGR of 3.4% from 2023 to 2031

What are the key factors driving the demand for hematocrit test devices?

Increase in prevalence of anemia and rise in geriatric population

Which was the major region in the global hematocrit test devices landscape in 2022?

North America was the leading region in 2022

Who are the prominent hematocrit test device manufacturers?

Nihon Kohden Corporation, F. Hoffmann-La Roche Ltd., Danaher Corporation, Siemens Healthineers (Siemens AG), EKF Diagnostics Holdings plc, Sysmex Corporation, Nova Biomedical, Abbott, HORIBA, Ltd., and Boule Diagnostics

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Hematocrit Test Devices Market

4. Market Overview

    4.1. Introduction

        4.1.1. Product Definition

        4.1.2. Industry Evolution/Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Hematocrit Test Devices Market Analysis and Forecast, 2017–2031

5. Key Insights

    5.1. Pipeline Analysis

    5.2. Key Product/Brand Analysis

    5.3. Key Mergers & Acquisitions

    5.4. COVID-19 Pandemic Impact on Industry

6. Global Hematocrit Test Devices Market Analysis and Forecast, by Product

    6.1. Introduction & Definition

    6.2. Key Findings/Developments

    6.3. Market Value Forecast, by Product, 2017–2031

        6.3.1. Blood Analyzers

        6.3.2. Hematocrit Test Meters

        6.3.3. Others

    6.4. Market Attractiveness Analysis, by Product

7. Global Hematocrit Test Devices Market Analysis and Forecast, by End-user

    7.1. Introduction & Definition

    7.2. Key Findings/Developments

    7.3. Market Value Forecast, by End-user, 2017–2031

        7.3.1. Hospitals & Ambulatory Surgical Centers

        7.3.2. Clinics

        7.3.3. Diagnostic & Pathology Labs

        7.3.4. Others

    7.4. Market Attractiveness Analysis, by End-user

8. Global Hematocrit Test Devices Market Analysis and Forecast, by Region

    8.1. Key Findings

    8.2. Market Value Forecast, by Region, 2017–2031

        8.2.1. North America

        8.2.2. Europe

        8.2.3. Asia Pacific

        8.2.4. Latin America

        8.2.5. Middle East & Africa

    8.3. Market Attractiveness Analysis, by Region

9. North America Hematocrit Test Devices Market Analysis and Forecast

    9.1. Introduction

    9.2. Key Findings

    9.3. Market Value Forecast, by Product, 2017–2031

        9.3.1. Blood Analyzers

        9.3.2. Hematocrit Test Meters

        9.3.3. Others

    9.4. Market Value Forecast, by End-user, 2017–2031

        9.4.1. Hospitals & Ambulatory Surgical Centers

        9.4.2. Clinics

        9.4.3. Diagnostic & Pathology Labs

        9.4.4. Others

    9.5. Market Value Forecast, by Country, 2017–2031

        9.5.1. U.S.

        9.5.2. Canada

    9.6. Market Attractiveness Analysis

        9.6.1. By Product

        9.6.2. By End-user

        9.6.3. By Country

10. Europe Hematocrit Test Devices Market Analysis and Forecast

    10.1. Introduction

    10.2. Key Findings

    10.3. Market Value Forecast, by Product, 2017–2031

        10.3.1. Blood Analyzers

        10.3.2. Hematocrit Test Meters

        10.3.3. Others

    10.4. Market Value Forecast, by End-user, 2017–2031

        10.4.1. Hospitals & Ambulatory Surgical Centers

        10.4.2. Clinics

        10.4.3. Diagnostic & Pathology Labs

        10.4.4. Others

    10.5. Market Value Forecast, by Country/Sub-region, 2017–2031

        10.5.1. Germany

        10.5.2. U.K.

        10.5.3. France

        10.5.4. Italy

        10.5.5. Spain

        10.5.6. Rest of Europe

    10.6. Market Attractiveness Analysis

        10.6.1. By Product

        10.6.2. By End-user

        10.6.3. By Country/Sub-region

11. Asia Pacific Hematocrit Test Devices Market Analysis and Forecast

    11.1. Introduction

    11.2. Key Findings

    11.3. Market Value Forecast, by Product, 2017–2031

        11.3.1. Blood Analyzers

        11.3.2. Hematocrit Test Meters

        11.3.3. Others

    11.4. Market Value Forecast, by End-user, 2017–2031

        11.4.1. Hospitals & Ambulatory Surgical Centers

            11.4.1.1. Clinics

            11.4.1.2. Diagnostic & Pathology Labs

            11.4.1.3. Others

        11.4.2. Market Value Forecast, by Country/Sub-region, 2017–2031

        11.4.3. China

        11.4.4. Japan

        11.4.5. India

        11.4.6. Australia & New Zealand

        11.4.7. Rest of Asia Pacific

    11.5. Market Attractiveness Analysis

        11.5.1. By Product

        11.5.2. By End-user

        11.5.3. By Country/Sub-region

12. Latin America Hematocrit Test Devices Market Analysis and Forecast

    12.1. Introduction

    12.2. Key Findings

    12.3. Market Value Forecast, by Product, 2017–2031

        12.3.1. Blood Analyzers

        12.3.2. Hematocrit Test Meters

        12.3.3. Others

    12.4. Market Value Forecast, by End-user, 2017–2031

        12.4.1. Hospitals & Ambulatory Surgical Centers

        12.4.2. Clinics

        12.4.3. Diagnostic & Pathology Labs

        12.4.4. Others

    12.5. Market Value Forecast, by Country/Sub-region, 2017–2031

        12.5.1. Brazil

        12.5.2. Mexico

        12.5.3. Rest of Latin America

    12.6. Market Attractiveness Analysis

        12.6.1. By Product

        12.6.2. By End-user

        12.6.3. By Country/Sub-region

13. Middle East & Africa Hematocrit Test Devices Market Analysis and Forecast

    13.1. Introduction

    13.2. Key Findings

    13.3. Market Value Forecast, by Product, 2017–2031

        13.3.1. Blood Analyzers

        13.3.2. Hematocrit Test Meters

        13.3.3. Others

    13.4. Market Value Forecast, by End-user, 2017–2031

        13.4.1. Hospitals & Ambulatory Surgical Centers

        13.4.2. Clinics

        13.4.3. Diagnostic & Pathology Labs

        13.4.4. Others

    13.5. Market Value Forecast, by Country/Sub-region, 2017–2031

        13.5.1. GCC Countries

        13.5.2. South Africa

        13.5.3. Rest of Middle East & Africa

    13.6. Market Attractiveness Analysis

        13.6.1. By Product

        13.6.2. By End-user

        13.6.3. By Country/Sub-region

14. Competition Landscape

    14.1. Market Player - Competitive Matrix (by Tier and Size of Companies)

    14.2. Market Share Analysis, by Company (2022)

    14.3. Company Profiles

        14.3.1. Nihon Kohden Corporation

            14.3.1.1. Company Overview

            14.3.1.2. Product Portfolio

            14.3.1.3. SWOT Analysis

            14.3.1.4. Financial Overview

            14.3.1.5. Strategic Overview

        14.3.2. F. Hoffmann-La Roche Ltd.

            14.3.2.1. Company Overview

            14.3.2.2. Product Portfolio

            14.3.2.3. SWOT Analysis

            14.3.2.4. Financial Overview

            14.3.2.5. Strategic Overview

        14.3.3. Danaher Corporation

            14.3.3.1. Company Overview

            14.3.3.2. Product Portfolio

            14.3.3.3. SWOT Analysis

            14.3.3.4. Financial Overview

            14.3.3.5. Strategic Overview

        14.3.4. Siemens Healthineers (Siemens AG)

            14.3.4.1. Company Overview

            14.3.4.2. Product Portfolio

            14.3.4.3. SWOT Analysis

            14.3.4.4. Financial Overview

            14.3.4.5. Strategic Overview

        14.3.5. EKF Diagnostics Holdings plc

            14.3.5.1. Company Overview

            14.3.5.2. Product Portfolio

            14.3.5.3. SWOT Analysis

            14.3.5.4. Financial Overview

            14.3.5.5. Strategic Overview

        14.3.6. Sysmex Corporation

            14.3.6.1. Company Overview

            14.3.6.2. Product Portfolio

            14.3.6.3. SWOT Analysis

            14.3.6.4. Financial Overview

            14.3.6.5. Strategic Overview

        14.3.7. Nova Biomedical

            14.3.7.1. Company Overview

            14.3.7.2. Product Portfolio

            14.3.7.3. SWOT Analysis

            14.3.7.4. Financial Overview

            14.3.7.5. Strategic Overview

        14.3.8. Abbott

            14.3.8.1. Company Overview

            14.3.8.2. Product Portfolio

            14.3.8.3. SWOT Analysis

            14.3.8.4. Financial Overview

            14.3.8.5. Strategic Overview

        14.3.9. HORIBA, Ltd.

            14.3.9.1. Company Overview

            14.3.9.2. Product Portfolio

            14.3.9.3. SWOT Analysis

            14.3.9.4. Financial Overview

            14.3.9.5. Strategic Overview

        14.3.10. Boule Diagnostics

            14.3.10.1. Company Overview

            14.3.10.2. Product Portfolio

            14.3.10.3. SWOT Analysis

            14.3.10.4. Financial Overview

            14.3.10.5. Strategic Overview

List of Tables

Table 01: Global Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Product, 2017–2031

Table 02: Global Hematocrit Test Devices Market Size (US$ Mn) Forecast, by End-user, 2017–2031

Table 03: Global Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Region, 2017–2031

Table 04: North America Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Country, 2017–2031

Table 05: North America Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Product, 2017–2031

Table 06: North America Hematocrit Test Devices Market Size (US$ Mn) Forecast, by End-user, 2017–2031

Table 07: Europe Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

Table 08: Europe Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Product, 2017–2031

Table 09: Europe Hematocrit Test Devices Market Size (US$ Mn) Forecast, by End-user, 2017–2031

Table 10: Asia Pacific Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

Table 11: Asia Pacific Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Product, 2017–2031

Table 12: Asia Pacific Hematocrit Test Devices Market Size (US$ Mn) Forecast, by End-user, 2017–2031

Table 13: Latin America Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

Table 14: Latin America Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Product, 2017–2031

Table 15: Latin America Hematocrit Test Devices Market Size (US$ Mn) Forecast, by End-user, 2017–2031

Table 16: Middle East & Africa Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

Table 17: Middle East & Africa Hematocrit Test Devices Market Size (US$ Mn) Forecast, by Product, 2017–2031

Table 18: Middle East & Africa Hematocrit Test Devices Market Size (US$ Mn) Forecast, by End-user, 2017–2031

List of Figures

Figure 01: Global Hematocrit Test Devices Market Size (US$ Mn) and Distribution (%), by Region, 2022–2031

Figure 02: Global Hematocrit Test Devices Market Revenue (US$ Mn), by Product, 2022

Figure 03: Global Hematocrit Test Devices Market Value Share, by Product, 2022

Figure 04: Global Hematocrit Test Devices Market Revenue (US$ Mn), by End-user, 2022

Figure 05: Global Hematocrit Test Devices Market Value Share, by End-user, 2022

Figure 06: Global Hematocrit Test Devices Market Value Share, by Region, 2022

Figure 07: Global Hematocrit Test Devices Market Value (US$ Mn) Forecast, 2023–2031

Figure 08: Global Hematocrit Test Devices Market Value Share Analysis, by Product, 2022–2031

Figure 09: Global Hematocrit Test Devices Market Attractiveness Analysis, by Product, 2023–2031

Figure 10: Global Hematocrit Test Devices Market Value Share Analysis, by End-user, 2022–2031

Figure 11: Global Hematocrit Test Devices Market Attractiveness Analysis, by End-user, 2023–2031

Figure 12: Global Hematocrit Test Devices Market Value Share Analysis, by Region, 2022–2031

Figure 13: Global Hematocrit Test Devices Market Attractiveness Analysis, by Region, 2023–2031

Figure 14: North America Hematocrit Test Devices Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

Figure 15: North America Hematocrit Test Devices Market Attractiveness Analysis, by Country, 2023–2031

Figure 16: North America Hematocrit Test Devices Market Value Share Analysis, by Country, 2022–2031

Figure 17: North America Hematocrit Test Devices Market Value Share Analysis, by Product, 2022–2031

Figure 18: North America Hematocrit Test Devices Market Value Share Analysis, by End-user, 2022–2031

Figure 19: North America Hematocrit Test Devices Market Attractiveness Analysis, by Product, 2023–2031

Figure 20: North America Hematocrit Test Devices Market Attractiveness Analysis, by End-user, 2023–2031

Figure 21: Europe Hematocrit Test Devices Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

Figure 22: Europe Hematocrit Test Devices Market Attractiveness Analysis, by Country/Sub-region, 2023–2031

Figure 23: Europe Hematocrit Test Devices Market Value Share Analysis, by Country/Sub-region, 2022–2031

Figure 24: Europe Hematocrit Test Devices Market Value Share Analysis, by Product, 2022–2031

Figure 25: Europe Hematocrit Test Devices Market Value Share Analysis, by End-user, 2022–2031

Figure 26: Europe Hematocrit Test Devices Market Attractiveness Analysis, by Product, 2023–2031

Figure 27: Europe Hematocrit Test Devices Market Attractiveness Analysis, by End-user, 2023–2031

Figure 28: Asia Pacific Hematocrit Test Devices Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

Figure 29: Asia Pacific Hematocrit Test Devices Market Attractiveness Analysis, by Country/Sub-region, 2023–2031

Figure 30: Asia Pacific Hematocrit Test Devices Market Value Share Analysis, by Country/Sub-region, 2022–2031

Figure 31: Asia Pacific Hematocrit Test Devices Market Value Share Analysis, by Product, 2022–2031

Figure 32: Asia Pacific Hematocrit Test Devices Market Value Share Analysis, by End-user, 2022–2031

Figure 33: Asia Pacific Hematocrit Test Devices Market Attractiveness Analysis, by Product, 2023–2031

Figure 34: Asia Pacific Hematocrit Test Devices Market Attractiveness Analysis, by End-user, 2023–2031

Figure 35: Latin America Hematocrit Test Devices Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

Figure 36: Latin America Hematocrit Test Devices Market Attractiveness Analysis, by Country/Sub-region, 2023–2031

Figure 37: Latin America Hematocrit Test Devices Market Value Share Analysis, by Country/Sub-region, 2022–2031

Figure 38: Latin America Hematocrit Test Devices Market Value Share Analysis, by Product, 2022–2031

Figure 39: Latin America Hematocrit Test Devices Market Value Share Analysis, by End-user, 2022–2031

Figure 40: Latin America Hematocrit Test Devices Market Attractiveness Analysis, by Product, 2023–2031

Figure 41: Latin America Hematocrit Test Devices Market Attractiveness Analysis, by End-user, 2023–2031

Figure 42: Middle East & Africa Hematocrit Test Devices Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

Figure 43: Middle East & Africa Hematocrit Test Devices Market Attractiveness Analysis, by Country/Sub-region, 2023–2031

Figure 44: Middle East & Africa Hematocrit Test Devices Market Value Share Analysis, by Country/Sub-region, 2022–2031

Figure 45: Middle East & Africa Hematocrit Test Devices Market Value Share Analysis, by Product, 2022–2031

Figure 46: Middle East & Africa Hematocrit Test Devices Market Value Share Analysis, by End-user, 2022–2031

Figure 47: Middle East & Africa Hematocrit Test Devices Market Attractiveness Analysis, by Product, 2023–2031

Figure 48: Middle East & Africa Hematocrit Test Devices Market Attractiveness Analysis, by End-user, 2023–2031

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