Hematology Market

 Hematology Market Photo

The hematology market growth is attributed to the increasing incidences of blood diseases and other disorders, rapid technological advances in hematology, and the emergence of high throughput hematology analysers. Blood disorders have become a global health issue with different causes and are also associated with high mortality. According to world health organisation, hemoglobin disorders are potentially affecting 75% of births, globally, and sickle cell trait affects an estimated one in 12 African Americans. Over 70% of all sickle-cell affected births occur in Africa. As per the WHO, the prevalence of anemia in children is 47.4% and 12.7% in men, and it is increasing rapidly all over the world. According to the National Institute of Health, anemia affects 29% of women with reproductive age and 38% of pregnant women, worldwide. The worldwide Hematology diagnostics and drugs market is likely to expand from nearly $86.5 billion in 2015 to $124.3 billion in 2020 at a five-year compound annual growth rate (CAGR) of 7.5% A Blood disease, the chief segment is anticipated to reach nearly $57.3 billion and $80 billion in 2015 and 2020, respectively, representing five-year CAGR of 6.9%. The Hematological oncology is the fastest-growing segment, should raise almost $24 billion in 2015 to $38.2 billion in 2020 at a five-year CAGR of 9.7%. The reagents and diagnostics as a segment should reach $6.1 billion in 2020 at a five-year CAGR of 3.2%. The Americas controlled the largest share of 41.75% of the worldwide Hematology market at a predicted $1,810.4 million in 2013, anticipated to reach $2,479.05 million by 2018, at a CAGR of 6% from 2013 to 2018. The second largest hematology market share was hold by Europe. Germany precise the largest share almost 20% of the European market at an anticipated $272.8 million in 2013, and is estimated to grasp $349.7 million by 2018, at a CAGR of 5.4% from 2013 to 2018. The Middle East and Asia hematology market is growing in double digits and will remain to grow in the upcoming years.  The China controlled the major share of almost 53% of the Asian Hematology market at a predictable $216.0 million in 2013, estimated and is to grasp $429.1 million by 2018, at a CAGR of about 15.4% from 2013 to 2018.

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