Hemoglobin Testing Market by Technology, Product, End-user, and Geography - Forecast and Analysis 2020-2024

Published: Sep 2020 Pages: 120 SKU: IRTNTR45223

The hemoglobin testing market has the potential to grow by USD 612.82 million during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 7.81%.

This hemoglobin testing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing incidence of diabetes worldwide is notably driving the hemoglobin testing market growth, although factors such as limitations of hemoglobin testing may impede market growth. T

This report provides extensive insights on segmentations by end-user (healthcare centers, diagnostic laboratories, and others), technology (chromatography, immunoassay, and others), product (equipment and reagent and consumables), and geography (North America, Europe, Asia, and ROW). The hemoglobin testing market report also offers information on several market vendors, including Abbott Laboratories, ACON Laboratories Inc., Bayer AG, Bio-Rad Laboratories Inc., Danaher Corp., Diazyme Laboratories Inc., EKF Diagnostics Holdings Plc, F. Hoffmann-La Roche Ltd., Siemens AG, and Thermo Fisher Scientific Inc. among others.

What will the Hemoglobin Testing Market Size be in 2020?

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Hemoglobin Testing Market: Key Drivers and Trends

  • There is a growing prevalence of diabetes across the globe. The number of diabetic people across the world is expected to reach almost 150 million by 2025 because of the sedentary lifestyles, obesity, and lack of exercise. 
  • This will, in turn, create the demand for HCT blood tests and hemoglobin testing services across the globe since hemoglobin testing is an effective way of detecting blood glucose levels. 
  • With the increasing number of diabetic patients, the hemoglobin testing market will witness considerable growth.
  • There is also a growing preference for home care testing, because of the advantages including faster results, no waiting period between sample collection and analysis, and accurate results.
  • The rising demand for home care testing will be one of the key trends gaining traction in the hemoglobin testing market size.

This hemoglobin testing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. 

Who are the Major Hemoglobin Testing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • ACON Laboratories Inc.
  • Bayer AG
  • Bio-Rad Laboratories Inc.
  • Danaher Corp.
  • Diazyme Laboratories Inc.
  • EKF Diagnostics Holdings Plc
  • F. Hoffmann-La Roche Ltd.
  • Siemens AG
  • Thermo Fisher Scientific Inc.

 

The hemoglobin testing market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Which are the Key Regions for Hemoglobin Testing Market?

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32% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for hemoglobin testing in North America. Market growth in this region will be slower than the growth of the market in Asia and Europe.

The technologically advanced healthcare and the high incidence of Type 1 and Type 2 diabetes will facilitate the hemoglobin testing market growth in North America over the forecast period. Infection such as mononucleosis is one of the top most common causes of splenomegaly.

What are the Revenue-generating End-user Segments in the Hemoglobin Testing Market?

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The healthcare centers comprise hospitals, clinics, and ambulatory surgery centers (ASCs). Hospitals and clinics are some of the most common types of healthcare facilities, where large numbers of patients seek treatment daily; therefore, they are better equipped in terms of advanced facilities and integrated operating rooms to cater to the growing needs of both physicians and patients. Therefore, the growth of the market segment is expected to be significant during the forecast period.

 

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What are the Key Factors Covered in this Hemoglobin Testing Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive hemoglobin testing market growth during the next five years
  • Precise estimation of the hemoglobin testing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hemoglobin testing industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hemoglobin testing market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Equipment
    • Reagent and consumables

    Market Segmentation by Technology

    • Market segments
    • Chromatography
    • Immunoassay
    • Others

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Healthcare centers - Market size and forecast 2019-2024
    • Diagnostic laboratories - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by End user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • Asia - Market size and forecast 2019-2024
      • ROW - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Abbott Laboratories
      • ACON Laboratories Inc.
      • Bayer AG
      • Bio-Rad Laboratories Inc.
      • Danaher Corp.
      • Diazyme Laboratories Inc.
      • EKF Diagnostics Holdings Plc
      • F. Hoffmann-La Roche Ltd.
      • Siemens AG
      • Thermo Fisher Scientific Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      INFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      DATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      REPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape

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      Key Questions Answered

      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?

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