NEW YORK, Sept. 1, 2020
The increasing number of blood donations and the growing amount of people suffering from blood disorders are driving the demand for the market.
Market Size – USD 7.00 Billion in 2019, Market Growth - CAGR of 7.1%, Market Trends – Increasing number of blood disorders.
NEW YORK, Sept. 1, 2020 /PRNewswire/ -- The Global Hematology Analyzers and Reagents Market is forecast to reach USD 12.10 Billion by 2027, according to a new report by Reports and Data. The growing demand from emerging markets will help the Hematology Analyzers and Reagents Market maintain a stable growth rate over the forecast period. The rise in disposable incomes and the growing adoption of automated hematology devices by clinical labs will provide strength to the Hematology Analyzers and Reagents Market and will also help in its growth over the forecast period.
Due to the pandemic, there are high chances of disruption in the supply chain, which influences ingredients and raw material supplies. The financial crisis can let people shrink their expenses on treatments, which may lead to life risk. Apart from barriers, there are some drivers of the Hematology Analyzers and Reagents Market, such as increasing blood donations, growing number of people affected by blood-related disorders, increasing investments in the research and development of hematology devices and usage of microfluidics technology in hematology instruments. The emerging economies of the world also provide a vast field of opportunities for the new players in the Hematology Analyzers and Reagents Market.
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COVID-19 Impact Analysis:
After the outbreak of the coronavirus, WHO encouraged people to take more aggressive steps to prevent the virus from spreading and to abide by the rules and regulations created by the respective governments of each country. Experts predicted that COVID-19 would have a negative effect on patients with blood-related disorders. Due to the lack of resources, more emphasis is laid on patients suffering from COVID-19 compared to patients suffering from other diseases. Thus, patients suffering from blood-related disorders might face negative consequences if they do not receive proper treatment. A delay in treating a blood cancer patient might lead to loss of life in severe cases. To avoid the transmission of COVID-19, doctors are practicing telemedicine with the patients suffering from a blood disorder, though the implementation is challenging. Currently, COVID-19 has created a barrier for both patients suffering from blood-related diseases and Hematology Analyzers and Reagents Market.
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Further key findings from the report suggest
For the purpose of this report, Reports and Data has segmented the Global Hematology Analyzers and Reagents Market on the basis of product, price range, end-users, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Price range Outlook (Revenue, USD Billion; 2017-2027)
End Users Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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