Blood and blood-related disorders are studied, treated, and diagnosed in the branch of medicine known as hematology. Blood illnesses such as leukemia, cancer, and various types of hemophilia, sickle cell anemia, and lymphoma are all treated. Hematology has four major subspecialties: hematological malignancies, hemoglobinopathies, coagulopathies, and anemia.
The rising prevalence of blood-related illnesses such as cancer is predicted to drive the global hematology market forward. Furthermore, the rising prevalence of hemophilia and sickle cell anemia is likely to propel the global hematology market forward. Furthermore, according to the World Health Organization, the prevalence of anemia in children was around 45% in 2018, and 12% in males, and it is steadily increasing globally. Similarly, anemia affects 30% of reproductive-age women and 40% of pregnant women worldwide, according to the National Institute of Health (NIH). Furthermore, an increase in the number of new product releases by key competitors in the global market is likely to boost market growth throughout the forecast period. Furthermore, rising acceptance of quality assurance certifications by key players in the global Hematology Market is likely to drive market growth over the forecast period. However, the market's expansion is expected to be hampered by tight regulatory and reimbursement rules on product releases, as well as product recalls due to safety violations, over the forecast period.
Major Players in the Hematology Industry:
Some of the companies highlighted by Coherent Market Insights are mentioned below:
1. Abbott Laboratories
Abbott Laboratories is an American multinational medical devices and health care company. It was founded in and headquartered in Illinois, United States. It operates in over 160 countries. Abbott announced CE Mark for its Alinity h-series integrated system for hematology testing in January 2018, joining the Alinity hq standalone hematology analyzer, which received CE Mark earlier this year.
2. Sysmex Co.
Sysmex Co. is a Japanese company that is engaged in the health care business. It was founded in 1968 and headquartered in Kobe, Japan. It operates in more than 190 countries. In March 2021, Sysmex Corporation announced the release of their next-generation hematology flagship model, the XR-Series Automated Hematology Analyzer, as well as a small 3-part WBC differential model, the XQ-Series Automated Hematology Analyzer.
3. Beckman Coulter
Beckman Coulter is a Danaher Corporation company that develops, manufactures, and markets products that simplify, automate and innovate complex biomedical testing. It was founded in 1935 and headquartered in California, United States. It operates across the US, Canada, Europe, and Asia with clinical and research systems operating in laboratories around the world. Beckman Coulter began bringing the future of hematology 100X closer in September 2022 with their end-to-end digital process for PBS, Scopio Labs, changing hematology cell analysis.In this AACC 2022 SelectScience interview, Peter Soltani, Senior Vice President at Beckman Coulter, and Itai Hayut, co-founder and CEO at Scopio Labs, describe how Scopio's AI-powered workflow solution is transforming hematological imaging and express their excitement about the new alliance.
4. Horiba, Ltd.
Horiba, Ltd. was founded in 1953 and headquartered in Minami-ku Kyoto, Japan. It operates has operations with offices in the Americas, Europe, and Asia. HORIBA Medical is happy to announce the release of new products in its Yumizen H500 & H550 hematology product line, the compact benchtop hematology analyzers with improved performance, additional features, and increased benefits, in July 2022.
5. Boule Diagnostics AB
Boule Diagnostics AB develops and manufactures diagnostic instruments and consumables for healthcare providers worldwide. It was founded in 1992 and headquartered in Sweden. It operates in about 100 countries. Boule Diagnostics announced a strategic contract manufacturing arrangement with Q-Line Biotech in October 2022 for local hematology reagent manufacturing in India. With over 30 million tests performed each year using Boule's automated hematology equipment, India is a huge and vital market.
6. Mind ray Medical International Limited
Mind ray Medical International Limited was founded in 1991 and headquartered in Guangdong, China. It operates in over 190 countries and regions. In Sep 2022, the International Symposium on Technological Innovations in Laboratory Hematology, or ISLH 2022, concluded successfully on September 10. Mindray shone at this event with the most recent hematological discoveries and academic achievements, which were highly acknowledged by medical specialists from Europe and throughout the world.
7. Siemens Healthcare
Siemens Healthcare was founded in 2017 and headquartered in
Erlangen, Germany. It operates in over 70 countries. Siemens Healthineers launches next-generation hematology analyzers in May 2023, removing workflow obstacles to enable patients get results faster. The Atellica HEMA 570 and 580 Analyzers provide user-friendly interfaces and multi-analyzer automation connectivity to minimize workflow bottlenecks and achieve high throughput.
8. Roche Diagnostics
Roche Diagnostics was founded in 1896 and headquartered in Basel, Switzerland. It operates across more than 150 countries.
9. Bio Rad laboratories
Bio Rad laboratories was founded in 1952 and headquartered in California, U.S. It operates in more than 35 countries.
10. Sigma Aldrich Co.
Sigma Aldrich Co. was founded in 1975 and headquartered in Massachusetts, United States. It operates in approximately 40 countries.
11. Nihon Kohden Corporation
Nihon Kohden Corporation was founded in 1951 and headquartered in Tokyo, Japan. It operates in more than 120 countries.
Definition: Hematology is the branch of medicine concerned with the study of the cause, prognosis, treatment, and prevention of diseases related to blood.
