Complete Blood Count (CBC) Market Size, Share, Growth, and Industry Analysis, By Type (WBC Count, RBC Count and Platelet Count), By Application (Hospital and Reference Laboratories), Regional Forecast To 2033

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COMPLETE BLOOD COUNT (CBC) MARKET REPORT OVERVIEW

Global Complete Blood Count (CBC) Market size was USD 2.53 Billion in 2024 and market is projected to touch 4.45 Billion by 2033, exhibiting a CAGR of 6.46% during the forecast period.

Complete blood count is a medical laboratory test that provides information about the cells in a person's blood. It indicates the counts of white blood cells, red blood cells and platelets, the concentration of hemoglobin, and the hematocrit. It is a common blood test used to evaluate your overall health and detect a wide range of disorders, including anemia, infection and leukemia, autoimmune disorders, bone marrow disorders, dehydration, infections, inflammation, and lymphoma.

CBC is done through a laboratory equipment which counts cells and records their size. It can be conducted in many different health care facilities, including doctor’s offices, clinics, emergency departments, hospitals and medical centers. Growing pharmaceutical industry and increasing products launched by key players is anticipated to increase market demand.

COVID-19 IMPACT

"Pandemic Increased the Market Demand"

Imposition of lockdown due to the COVID-19 pandemic led to a temporary prohibition on production and processing, as well as import and export, across a range of businesses and utilities. One of the biggest problem arrived in supplying the raw materials to make the CBC devices due to irregularities in the transportation system. However, pandemic had a positive impact on the growth of complete blood count (CBC) market due to increasing demand from retailers as CBC test is conducted to examine the health of a patient who has been infected by the virus.

LATEST TRENDS

"Increasing Product Launches by Key players to drive the Market Growth "

In February 2021, Beckman Coulter, a medical devices company, launched DxH 560 AL, a table top haematology analyser designed to reduce the time and resource constraints faced by small to mid-sized diagnostic laboratories. It can be used with difficult-to-draw patients because it only needs a 17 μL sample less than a drop of blood. In January 2018, Abbott Laboratories announced that it had received CE Mark for its Alinity h-series integrated system for hematology testing offers high-throughput CBC analysis along with automated slide making and staining. Rising healthcare expenditures, and introduction of new product lines by key industry players is also expected to boost the growth of market during the forecast period.

COMPLETE BLOOD COUNT (CBC) MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into WBC Count, RBC Count and Platelet Count.

By Application Analysis

Based on application, the market can be divided into Hospital and Reference Laboratories.

DRIVING FACTORS

"Growing Developments in Healthcare to Stimulate Market Demand"

Healthcare expenses have been increasing over the years on account of growth of elderly population, increase in the occurrence of blood infection, high cost of medical tests, regular health checkup, rising consciousness among people regarding their health and other such factors are responsible to boost the Complete blood count (CBC) market growth.

"Technological Advancements to Boost Market Growth"

With the growth of modern economies, rapid technological advancement has attributed in the expansion of manufacturing sector that helps in the production of good quality medical devices. In addition the key industry players in the market are coming up with new ideas and technologies to capture market share. They are offering variety of new products to attract consumers. This is expected to propel market growth.

RESTRAINING FACTORS

"High Cost of CBC Test May Hamper Market Demand"

The cost of CBC test varies from place to place. In some places cost is too high and in other places cost is low. However, rising cost of CBC test due to high number of cases with blood infections and increase in the cost of living are the factors that are responsible to hinder the growth of complete blood count (CBC) market.

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COMPLETE BLOOD COUNT (CBC) MARKET REGIONAL INSIGHTS

"Growing Demand in North America Anticipated to Boost Market Expansion "

As a result of development strategies made by the key players in North America, it is considered to be the most dominating region in complete blood count (CBC) market share. The main element anticipated to contribute to the industry growth is the increasing demand for healthcare expenses and rising awareness among people regarding blood infections.

KEY INDUSTRY PLAYERS

"Adoption Innovative Strategies by Key Players Influencing Market Development "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Thermo Fisher, Sysmex, Horiba, Mindray, BD, Nihon Kohden, Abbott, Siemens Healthcare and Danaher Corporation. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market demand.

List of Top Complete Blood Count (CBC) Companies

• Thermo Fisher
• Sysmex
• Horiba
• Mindray
• BD
• Nihon Kohden
• Abbott
• Siemens Healthcare
• Danaher corporation

REPORT COVERAGE

This report examines an understanding of the Complete blood count (CBC) market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.