Global Hemoglobin Meter Market Size By Type (Bench-top, Portable), By End-User (Hospitals, Labs), By Geographic Scope And Forecast

Hemoglobin Meter Market Size And Forecast

Hemoglobin Meter Market size was valued at USD 2.45 Billion in 2023 and is projected to reach USD 5.6 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.

The rise in the old age population, which are highly prone to diseases, has resulted in an upswing in the demand for hemoglobin meter, the consequence of which is the growth of the Hemoglobin Meter Market. Also, the rising prevalence of diseases like anemia, diabetes, etc. is widening the profit possibilities for the hemoglobin meter industry. The Global Hemoglobin Meter Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Hemoglobin Meter Market Definition

Hemoglobin is a protein found in red blood cells that distributes oxygen to the organs and carbon dioxide back to the lungs. The measure of the concentration of hemoglobin in the blood is done with the help of a hemoglobin meter. If a person has a low RBC count then that person is subject to some disorder like anemia, this RBC count can be found with the help of a hemoglobin meter. Whereas a higher RBC count increases the chances of dehydration, heart failure, etc. The test for hemoglobin is usually done by doctors and physicians when they want to determine the therapeutic condition of patients. The hemoglobin meters usually have a very high accuracy of 95-96%.

Global Hemoglobin Meter Market Overview

As people get old and get more prone to diseases and ailments, furthermore, the aging population is fueling the rise in diabetes prevalence this acts as a primary growth driver in the Hemoglobin Meter Market. Also, the federal government’s increased financing is expected to boost demand for hemoglobin meters. Owing to the rise and expansion of the healthcare business, which is driven by both public and private sectors, would generate attractive Hemoglobin Meter Market growth possibilities, particularly in emerging nations. Even in many circumstances, the senior population seeks out homecare arrangements that include portable medical gadgets like hemoglobin meters. This means that the market for hemoglobin meters will expand as the population base becomes older.

Global Hemoglobin Meter MarketSegmentation Analysis

The Global Hemoglobin Meter Market is Segmented on the basis of Type, End-User, and Geography.

Hemoglobin Meter Market, By Type

• Bench-top
• Portable

Based on Type, the market is segmented into Bench-top and Portable. The ease of using a portable hemoglobin meter has increased the market share of this type and is expected to rise at a significant level.

Hemoglobin Meter Market, By End-User

• Hospitals
• Labs
• Others

Based on End-User, the market is segmented into Hospitals, Labs, and Others. The hospital sector is expected to experience substantial growth during the forecast period owing to the increase in development in this sector.

Hemoglobin Meter Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of regional analysis, the Hemoglobin Meter Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America has the highest market share owing to the healthcare facilities available over there. During the forecast period, Asia Pacific is expected to witness significant growth.

Key Players

The “Global Hemoglobin Meter Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Abbott, PTS Diagnostics, Siemens, Trinity Biotech, GREEN CROSS MEDIS, Roche, Erba Diagnostics, Convergent Technologies, Liteon Technology, and PTS Diagnostics. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In 2018, Daikin Industries, Ltd. had announced the commencement of full-scale operations of a new air conditioner factory in Vietnam, by its subsidiary Daikin Air Conditioning Vietnam.

• In Aug 2021, Alere, an Abbott company, has agreed to pay $160 million to settle Medicare fraud and diabetes kickbacks.

• In July 2021, Siemens Healthineers, Roche Diagnostics, Thermo Fisher Scientific, and other companies received FDA clearances.

• In May 2018, Abbott has announced the release of the Afinion 2 analyzer in the United States. The Afinion 2 analyzer is a small, fast, multi-assay device that simplifies and streamlines hemoglobin A1c tests in human blood, resulting in reliable findings at the point of care. The firm was able to increase its hemoglobin testing equipment line thanks to these strategic actions.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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