Blood Test Equipment Market SWOT Analysis by 2031
Blood tests are done to help doctors examine certain diseases and conditions as well as the organs functioning and show treatment efficiency. Blood tests are often done to determine physiological and biochemical states, such as disease, mineral content, etc. Blood test equipment is utilized to examine the blood on different parameters such as to count red and white blood cells numbers, blood platelets in the blood sample, and hemoglobin. They determine the hemoglobin concentration in the blood sample, counts of blood cells in the blood sample, rate of red blood cells anticoagulation, and so on. The types of equipment overall enable a healthcare worker to determine the patient's condition.
MARKET DYNAMICS
The expanding predominance of chronic diseases such as cancer, genetic disorder, and an increase in the geriatric population is supposed to drive the development of the blood test equipment market. The growing requirement for safe blood and blood products, rising demand for blood testing equipment by diagnostic centers and clinical laboratories is expected to increase the opportunities of the market in the future. Furthermore, the improved healthcare facilities in developed economies are also likely to boost market growth. Also, increasing research & development expenditure along with technological advancement may foster blood test equipment market growth.
MARKET SCOPE
The "Blood Test Equipment Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of blood test equipment market with detailed market segmentation by type and application. The blood test equipment market are expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in blood test equipment market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The blood test equipment market are segmented on the basis of type and application. On the basis of type, the market is segmented into haemoglobin meter, blood cell counter, erythrocyte sedimentation rate analyzer, and others. On the basis of application, the market is segmented as hospital, clinic, blood bank, ambulatory surgical center, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the blood test equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The blood test equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting blood test equipment market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the blood test equipment market in these regions.
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the blood test equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The blood test equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting blood test equipment market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the blood test equipment market in these regions.
MARKET PLAYERS
The report covers key developments in the blood test equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from blood test equipment market are anticipated to have lucrative growth opportunities in the future with the rising demand for blood test equipment in the global market. Below mentioned is the list of few companies engaged in the blood test equipment market.
The report also includes the profiles of key players in blood test equipment market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Becton Dickinson & Company
- Genteel
- Baxter International
- Danaher
- Biomerica, Inc.
- Meridian Bioscience, Inc.
- Abbott
- Trinity Biotech
- TaiDoc Technology
- Alifax
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Blood Test Equipment Market - By Type
1.3.2 Blood Test Equipment Market - By Application
1.3.3 Blood Test Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BLOOD TEST EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BLOOD TEST EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BLOOD TEST EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. BLOOD TEST EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. BLOOD TEST EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BLOOD TEST EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HAEMOGLOBIN METER
7.3.1. Overview
7.3.2. Haemoglobin Meter Market Forecast and Analysis
7.4. BLOOD CELL COUNTER
7.4.1. Overview
7.4.2. Blood Cell Counter Market Forecast and Analysis
7.5. ERYTHROCYTE SEDIMENTATION RATE ANALYZER
7.5.1. Overview
7.5.2. Erythrocyte Sedimentation Rate Analyzer Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. BLOOD TEST EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. CLINIC
8.4.1. Overview
8.4.2. Clinic Market Forecast and Analysis
8.5. BLOOD BANK
8.5.1. Overview
8.5.2. Blood Bank Market Forecast and Analysis
8.6. AMBULATORY SURGICAL CENTER
8.6.1. Overview
8.6.2. Ambulatory Surgical Center Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. BLOOD TEST EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Blood Test Equipment Market Overview
9.1.2 North America Blood Test Equipment Market Forecasts and Analysis
9.1.3 North America Blood Test Equipment Market Forecasts and Analysis - By Type
9.1.4 North America Blood Test Equipment Market Forecasts and Analysis - By Application
9.1.5 North America Blood Test Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Blood Test Equipment Market
9.1.5.1.1 Canada Blood Test Equipment Market by Type
9.1.5.1.2 Canada Blood Test Equipment Market by Application
9.1.5.2 Mexico Blood Test Equipment Market
9.1.5.2.1 Mexico Blood Test Equipment Market by Type
9.1.5.2.2 Mexico Blood Test Equipment Market by Application
9.1.5.3 US Blood Test Equipment Market
9.1.5.3.1 US Blood Test Equipment Market by Type
9.1.5.3.2 US Blood Test Equipment Market by Application
9.2. EUROPE
9.2.1 Europe Blood Test Equipment Market Overview
9.2.2 Europe Blood Test Equipment Market Forecasts and Analysis
9.2.3 Europe Blood Test Equipment Market Forecasts and Analysis - By Type
9.2.4 Europe Blood Test Equipment Market Forecasts and Analysis - By Application
9.2.5 Europe Blood Test Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Blood Test Equipment Market
9.2.5.1.1 Germany Blood Test Equipment Market by Type
9.2.5.1.2 Germany Blood Test Equipment Market by Application
9.2.5.2 France Blood Test Equipment Market
9.2.5.2.1 France Blood Test Equipment Market by Type
9.2.5.2.2 France Blood Test Equipment Market by Application
9.2.5.3 Italy Blood Test Equipment Market
9.2.5.3.1 Italy Blood Test Equipment Market by Type
9.2.5.3.2 Italy Blood Test Equipment Market by Application
9.2.5.4 Spain Blood Test Equipment Market
9.2.5.4.1 Spain Blood Test Equipment Market by Type
9.2.5.4.2 Spain Blood Test Equipment Market by Application
9.2.5.5 United Kingdom Blood Test Equipment Market
9.2.5.5.1 United Kingdom Blood Test Equipment Market by Type
9.2.5.5.2 United Kingdom Blood Test Equipment Market by Application
9.2.5.6 Rest of Europe Blood Test Equipment Market
9.2.5.6.1 Rest of Europe Blood Test Equipment Market by Type
9.2.5.6.2 Rest of Europe Blood Test Equipment Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Blood Test Equipment Market Overview
9.3.2 Asia-Pacific Blood Test Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Blood Test Equipment Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Blood Test Equipment Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Blood Test Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Blood Test Equipment Market
9.3.5.1.1 Australia Blood Test Equipment Market by Type
9.3.5.1.2 Australia Blood Test Equipment Market by Application
9.3.5.2 China Blood Test Equipment Market
9.3.5.2.1 China Blood Test Equipment Market by Type
9.3.5.2.2 China Blood Test Equipment Market by Application
9.3.5.3 India Blood Test Equipment Market
9.3.5.3.1 India Blood Test Equipment Market by Type
9.3.5.3.2 India Blood Test Equipment Market by Application
9.3.5.4 Japan Blood Test Equipment Market
9.3.5.4.1 Japan Blood Test Equipment Market by Type
9.3.5.4.2 Japan Blood Test Equipment Market by Application
9.3.5.5 South Korea Blood Test Equipment Market
9.3.5.5.1 South Korea Blood Test Equipment Market by Type
9.3.5.5.2 South Korea Blood Test Equipment Market by Application
9.3.5.6 Rest of Asia-Pacific Blood Test Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Blood Test Equipment Market by Type
9.3.5.6.2 Rest of Asia-Pacific Blood Test Equipment Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Blood Test Equipment Market Overview
9.4.2 Middle East and Africa Blood Test Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Blood Test Equipment Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Blood Test Equipment Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Blood Test Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Blood Test Equipment Market
9.4.5.1.1 South Africa Blood Test Equipment Market by Type
9.4.5.1.2 South Africa Blood Test Equipment Market by Application
9.4.5.2 Saudi Arabia Blood Test Equipment Market
9.4.5.2.1 Saudi Arabia Blood Test Equipment Market by Type
9.4.5.2.2 Saudi Arabia Blood Test Equipment Market by Application
9.4.5.3 U.A.E Blood Test Equipment Market
9.4.5.3.1 U.A.E Blood Test Equipment Market by Type
9.4.5.3.2 U.A.E Blood Test Equipment Market by Application
9.4.5.4 Rest of Middle East and Africa Blood Test Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Blood Test Equipment Market by Type
9.4.5.4.2 Rest of Middle East and Africa Blood Test Equipment Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Blood Test Equipment Market Overview
9.5.2 South and Central America Blood Test Equipment Market Forecasts and Analysis
9.5.3 South and Central America Blood Test Equipment Market Forecasts and Analysis - By Type
9.5.4 South and Central America Blood Test Equipment Market Forecasts and Analysis - By Application
9.5.5 South and Central America Blood Test Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Blood Test Equipment Market
9.5.5.1.1 Brazil Blood Test Equipment Market by Type
9.5.5.1.2 Brazil Blood Test Equipment Market by Application
9.5.5.2 Argentina Blood Test Equipment Market
9.5.5.2.1 Argentina Blood Test Equipment Market by Type
9.5.5.2.2 Argentina Blood Test Equipment Market by Application
9.5.5.3 Rest of South and Central America Blood Test Equipment Market
9.5.5.3.1 Rest of South and Central America Blood Test Equipment Market by Type
9.5.5.3.2 Rest of South and Central America Blood Test Equipment Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BLOOD TEST EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. BECTON DICKINSON AND COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GENTEEL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BAXTER INTERNATIONAL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DANAHER
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BIOMERICA, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MERIDIAN BIOSCIENCE, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ABBOTT
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TRINITY BIOTECH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TAIDOC TECHNOLOGY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ALIFAX
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Becton Dickinson & Company
2. Genteel
3. Baxter International
4. Danaher
5. Biomerica, Inc.
6. Meridian Bioscience, Inc.
7. Abbott
8. Trinity Biotech
9. TaiDoc Technology
10. Alifax
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For