Increasing Prevalence of Diabetes, Sedentary Lifestyle, Obesity will Drive Hemometer Market Growth

BANGALORE, India - Sept. 12, 2019 - PRLog -- With its recently published study Global Hemometer Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025, Infoholic Research forecasts that the global hemometer market is expected to grow at a steady rate during the forecast period. The market is expected to see steady growth with a CAGR of 5.5% during the forecast period. The market is driven by increasing prevalence of chronic disorders especially anemia and diabetes as most of these tests are extensively being used by physicians as a part of their routine check-ups and is considered as a basic step for diagnosing a serious medical condition in the individual. The prevalence of anemia is high in females when compared to males and it also differs among races across all age groups.
Further, the increase in demand for direct-to-consumer testing – home care testing services by various diagnostic centers and laboratories by sending technicians at doorsteps for collecting blood samples is expected to boost the growth of the hemometer market. In addition, the increase in disposable income is expected to boost the market growth. However, the cost and challenges in hemoglobin testing, lack of reimbursement coverage, and limitation in hemoglobin testing are hindering the market. There are several developments in the market, one such is the recent distribution agreement signed between EKF with McKesson to launch McKesson Consult Hb analyzer.

The market is targeted more on the consumables as nearly 75% of the revenue is generated from the consumables. The acceptance of hemoglobin testing in coming years is expected to increase and introduction of multi-purpose hemometer will boost the market growth during the forecast period. Majority of the vendors have established their R&D and manufacturing facilities in developing countries to target the upcoming market growth.

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The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (RoW). In North America, the US and Canada are the leading countries. Europe is the second leading region with leading countries like UK, Germany, France, and Spain sharing maximum revenue in the hemometer market. There are many developments in this region and one of the recent ones is the Sights Diagnostics launched OLO POC system for complete blood count (CBC). APAC is the most focused region as it is creating an opportunity for vendors to invest and government support is also available.
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