The hematocrit test market Size valued at USD 2.47 Billion in 2023. The hematocrit test market industry is projected to rise from USD 2.57 Billion in 2024 to USD 4.56 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 8.3% during the forecast period (2024 - 2032). Also known as packed-cell volume (PCV) test, hematocrit test is used to measure the percentage of Red Blood Cells (RBCs) in the blood. The major function of the RBCs is to carry blood throughout the body.
The test is usually performed to diagnose various diseases such as anemia, leukemia, lymphoma, congenital heart disease, and others. The test determines the elevation in the percentage of normal RBCs which is 38.8%-50% in men and 34.9%-44.5% in women. The hematocrit test is one of the tests included under complete blood count (CBC) test.
Cardiovascular diseases, cancer, and kidney diseases are increasing the economic burden of various developing and developed nations across the globe. The hematocrit test market is driven by rising prevalence of chronic diseases such as cardiovascular diseases, diabetes, and others along with changing lifestyle, and increasing demand for diagnostic devices for cardiovascular diseases. However, limited number of trained personnel has restrained the growth of the hematocrit test market. However, the high cost of diagnosis and treatment of cardiovascular diseases also restrains the growth of the market. As per the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), the overall prevalence of Chronic Kidney Disease (CKD) in the general population across the globe is nearly 14%. However, the growth of the hematocrit test market is restrained by the inaccurate or misleading result of the test and unawareness about hematocrit test in the diagnosis of the disease.
The hematocrit test market is segmented on the basis of product, indication, devices, and end-user.
On the basis of product, the hematocrit test market is segmented into the analyzer, hematocrit test meter, and others.
On the basis of indication, the hematocrit test market is segmented into anemia, leukemia, lymphoma, congenital heart disease, kidney tumor, and others.
On the basis of the end-user, the hematocrit test market is segmented into hospitals & clinics, diagnostic centers, and others.
The hematocrit test market consists of four major regions namely, the Americas, Europe, Asia Pacific and the Middle East & Africa, with the Americas capturing the largest market share. The growth of the market is attributed to an increase in the demand for diagnostic procedures, and rising importance of hematology testing for the diagnosis of various chronic diseases.
North America accounts for the major share in the American hematocrit test market which is attributed to extensive use of hematocrit test with other diagnostic tests. According to the Center for the Disease Control and Prevention (CDC), as of 2012, nearly half of all the adults, 117 million population in the U.S. had one or more chronic health conditions. One in four adults were diagnosed with two or more chronic health diseases.
In Europe, the growth of the market is driven by increasing demand for diagnostic devices and instrument in hospitals and diagnostic centers. Germany, the U.K, and France are the major contributors to the growth of the market owing to an increase in the number of key players engaged in the manufacturing of medical devices and instruments and rising expenditure in research and development by these major economies. Additionally, well-developed healthcare sector, ever-increasing patient population and high healthcare expenditure by the European nations fuel the market growth.
The Asia Pacific is expecting the fastest growth in the market due to the flourishing growth of healthcare industries in developing economies such as India. Additionally, the ever-increasing prevalence of kidney diseases and cardiovascular diseases and rising demand for quality devices in the healthcare sector is expected to lead the use of advanced equipment, which, in turn, may speed up the market growth in the region. Rising geriatric population with chronic diseases further creates the economic burden on the developing nations thereby accelerating the market growth.
The Middle East & Africa hold the least share in the market. The market in this regions exhibits steady growth owing to an increase in the demand for the diagnostic and treatment services. In the Middle East and Africa, the United Arab Emirates (UAE) hold the largest market share owing to the availability of diagnostic and treatment services. Africa shows slow growth due to low technology penetration in developing countries.
Some of the key players in hematocrit test market are
Intended Audience
| Report Attribute/Metric | Details |
| Market Size | 2032: USD 4.56 Billion |
| CAGR | 8.3% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2022 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Indication, Devices, and End-user |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Abbott (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Siemens AG (Germany), Beckman Coulter, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Horiba, Ltd. (Japan), Mindray Medical International Limited (China), Boule Diagnostics AB (Sweden), Nihon Kohden Corporation (Japan), Sysmex Corporation (Japan), and others |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers | · Rising prevalence of chronic diseases · Changing lifestyle · Increasing demand for diagnostic devices for cardiovascular diseases |
Hematocrit Test Market Highlights:
Frequently Asked Questions (FAQ) :
Hematocrit tests are used to measure the percentage of red blood cells in the body.
Hematocrit tests market is expected to exhibit a strong 8.3% CAGR over the forecast period from 2024 to 2032.
Growing awareness about hematological diseases is the major driver for the hematocrit test market.
The Americas dominate the Global Hematocrit Test Market, followed by Europe
Leading players in the hematocrit test market include Abbott, Siemens AG, and Beckman Coulter, among others.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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