Blood Volume Analyzer Market size is poised to reach USD 10 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024 – 2036. In the year 2024, the industry size of Blood volume analyzer was USD 4.5 Billion.
The blood volume analyzer market is growing due to the increasing number of cardiovascular diseases leading to death. According to the World Health Organization (WHO), 17.9 million people die every year due to cardiovascular diseases worldwide. This high statistic rises the need for blood volume analyzers across the globe.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
9% |
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Base Year Market Size (2023) |
USD 4.5 Billion |
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Forecast Year Market Size (2036) |
USD 10 Billion |
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Regional Scope |
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Type (Blood Enzyme Test, Blood Chemistry Test, Blood Clotting Test)
Blood enzyme test segment is estimated to capture blood volume analyzer market share of around 40% by the end of 2036. Enzymes are very necessary for the proper functioning of the body. Various enzymes are present in the human body which are crucial but at the same time disturbance in their measurement signifies signs of injury, operation, or infection.
A blood enzyme test is capable of measuring enzymes and proteins with the help of an enzyme marker. For instance, the CPK isoenzyme test, whose level should be 200 units per liter or less, is used to measure creatine phosphokinase in blood.
Application (Hospitals, Specialty Clinics, Diagnostic Centers)
In blood volume analyzer market, hospital segment is set to capture revenue share of around 30% by the end of 2036. Blood volume analyzers help hospitals and clinicians by quantifying plasma, blood cells, and intravascular blood, providing accurate information. The tests are cost-efficient and can be performed in less time.
Moreover, hospitals deal with patients with a variety of blood disorders and heart-related diseases, and therefore, the utilization of a blood volume analyzer is definitely a great choice. According to a report, the global cardiovascular treatment sector will generate a revenue of nearly USD 0.50 trillion by 2029.
Our in-depth analysis of the blood volume analyzer market includes the following segments:
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Type |
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Application |
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Product |
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North America Market Forecast
North America region in blood volume analyzer market is expected to account for revenue share of around 42% by 2036. Since, the region has well-established infrastructure, health facilities, and skilled labor, which makes patients easily access highly advanced treatment techniques. In addition to this, increasing medical expenses are adding fuel to the blood volume analyzer market.
As per Health System Tracker, 20 million U.S adults have medical debt of USD 1,000 and still, some other medical debt figures cannot be accurately estimated. Moreover, medical expense is a persistent problem for many individuals and that’s why they choose cost-efficient medical services and products.
Further, in Canada heart diseases rank second in the list of most prevailing diseases and chronic disease management is becoming a priority task for the government. According to data from Canadian Chronic Disease Surveillance, around 2.6 million adults aged 20 or more are diagnosed with heart disease. This high number of heart disease cases in the region are predicted to raise the blood volume analyser market demand.
Asia Pacific Market Analysis
Asia Pacific region in blood volume analyzer market is set to showcase over 7% growth rate between 2024 and 2036 due to the increased cases of cancer and other blood disorders. In China, nearly 5 million new cases have been reported in 2022.
Cancer is reportedly a leading cause of death in Japan and is rapidly increasing due to the aging of the population. The most common types of cancers are related to the stomach, prostates, female breast, etc. According to the National Cancer Centre of Japan, nearly 1 million new cases of cancer have been witnessed in 2022.
Further, in Japan the market is witnessing growth as a result of the growing elderly population. This is because old aged people are more prone to diseases that may raise the need for blood volume analyzers.
The blood volume analyzer market is dominated by key market players who are gaining traction in the market by providing advanced treatment solutions that offer precise detection and results.
Author Credits: Radhika Pawar
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