PUBLISHER: The Business Research Company | PRODUCT CODE: 1710366
PUBLISHER: The Business Research Company | PRODUCT CODE: 1710366
A hemoglobin meter is a device used to measure the concentration of hemoglobin in the blood. It is commonly used to monitor anemia, assess overall blood health, and guide treatment decisions. Some models are designed for home use, enabling individuals to regularly check their hemoglobin levels.
The main types of hemoglobin meters are full-automatic and semi-automatic. Full-automatic hemoglobin meters handle all measurement steps automatically, minimizing human error and providing consistent results. The meters come in different forms, including bench-top and portable models, and are used in various settings such as hospitals, laboratories, and other healthcare environments.
The hemoglobin meter market research report is one of a series of new reports from the business research company that provides hemoglobin meter market statistics, including hemoglobin meter industry global market size, regional shares, competitors with an hemoglobin meter market share, detailed hemoglobin meter market segments, market trends and opportunities, and any further data you may need to thrive in the hemoglobin meter industry. This hemoglobin meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hemoglobin meter market size has grown rapidly in recent years. It will grow from $2.46 $ billion in 2024 to $2.75 $ billion in 2025 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to the increasing prevalence of anemia, rising global incidence of blood disorders, expansion of healthcare facilities, increasing government health initiatives and funding, growth in the point-of-care testing market, and increasing adoption of preventive healthcare.
The hemoglobin meter market size is expected to see rapid growth in the next few years. It will grow to $4.26 $ billion in 2029 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to growing awareness about early diagnosis, rising demand for preventive healthcare solutions, the expansion of the home testing kits market, growth in real-time data monitoring solutions, and enhanced accuracy and speed of testing devices. Major trends in the forecast period include technological advancements, integration with digital health platforms, point-of-care testing, advancements in sensor technology, improvements in data accuracy and precision, and the and the development of multi-functional meters.
The increasing prevalence of anemia is likely to drive the growth of the hemoglobin meter market. Anemia is a condition marked by a shortage of red blood cells or hemoglobin, resulting in reduced oxygen transport throughout the body. The rise in anemia cases is largely attributed to nutrient deficiencies, particularly in iron, vitamin B12, and folate, often due to poor dietary habits and limited access to nutrient-rich foods. Factors such as poverty, inadequate healthcare access, and genetic disorders also contribute to chronic anemia by affecting red blood cell production. Hemoglobin meters are used to measure the concentration of hemoglobin in the blood, which aids in diagnosing and monitoring the severity of anemia. For example, a report from the Institute for Health Metrics and Evaluation (IHME) in July 2023 revealed that nearly 2 billion people worldwide were affected by anemia, with a higher prevalence among women (31.2%) compared to men (17.5%). This disparity was more pronounced during the reproductive years, with anemia affecting 33.7% of women versus 11.3% of men in this age group. As a result, the increasing prevalence of anemia is expected to fuel the growth of the hemoglobin meter market.
Major players in the hemoglobin meter market are focusing on developing innovative solutions like fingerstick blood tests to reduce healthcare costs related to laboratory visits. The fingerstick test is a quick, minimally invasive method for collecting blood samples through a small skin puncture, enabling individuals to monitor their health conveniently at home. For example, in October 2023, Sanguina Inc., a US-based medical biotechnology company, received clearance from the U.S. Food and Drug Administration (FDA) for its AnemoCheck Home, a home hemoglobin test kit. This kit allows users to easily monitor their hemoglobin levels from home and is the only FDA-approved home hemoglobin test in the United States. It is designed for people with conditions such as anemia, thalassemia, and sickle cell disease. The kit uses a simple fingerstick blood collection technique, ensuring minimal discomfort for users.
In December 2023, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., a China-based medical technology firm, acquired a 75% stake in DiaSys Diagnostic Systems GmbH for an undisclosed sum. This acquisition aims to enhance Mindray's global position in the IVD sector by leveraging DiaSys's established supply chains and clinical chemistry expertise. The move is expected to bolster Mindray's offerings for medium- to large-volume customers and improve service delivery. DiaSys Diagnostic Systems GmbH, based in Germany, manufactures diagnostic systems, including hemoglobin meters for blood tests.
Major companies operating in the hemoglobin meter market are F Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc, Abbott Laboratories, Danaher Corporation, Siemens Healthcare GmbH, Terumo Corporation, Shenzhen Mindray Bio-Medical Electronics Co Ltd., Beckman Coulter Inc, Quidel Corporation, Sysmex Corporation, Bio-Rad Laboratories Inc, Nihon Kohden Corporation, Nova Biomedical Corporation, Green Cross Medis Corp, Instrumentation Laboratory Company, ACON Laboratories Inc, Erba Diagnostics Mannheim GmbH, Transasia Bio-Medicals Ltd, Trinity Biotech, HemoCue AB, EKF Diagnostics Holdings plc, Boule Diagnostics AB, PTS Diagnostics, HUMAN Diagnostics Worldwide, Osang Healthcare Co. Ltd., Labtronics, DiaSys Diagnostic Systems GmbH, PixCell Medical Technologies Ltd.
North America was the largest region in the hemoglobin meter market in 2023. The regions covered in the hemoglobin meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hemoglobin meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hemoglobin meter market consists of sales of handheld hemoglobin meters, wireless hemoglobin meters, integrated diagnostic systems, automated analyzers, and multi-parameter testing devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hemoglobin Meter Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hemoglobin meter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hemoglobin meter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hemoglobin meter market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.