The global ESR analyzer market size is anticipated to exhibit growth at a CAGR of 4.8% over the forecast period from 2022 to 2032. Increasing prevalence of blood and infection-related diseases across the globe is set to drive growth.
Overall sales of ESR analyzers are expected to reach US$ 63 Million in 2022 and be valued at US$ 80 Million in 2032. Rising application of ESR analyzer to detect non-specific inflammation caused by diabetes, blood diseases, and collagen vascular diseases will propel the growth in the market.
ESR (erythrocyte sedimentation rate) analyzers are extensively used to screen patients with fevers caused by muscle pain, arthritis, and other diseases for accurate and reliable reading. As per the study, advent of automated ESR analyzers for accurate reading is one of the key factors propelling the growth in the market.
As automated ESR analyzers are user friendly and effective for patient identification, healthcare professionals are increasing the adoption for rapid results and closed tube sample testing. Hence, key manufacturers are investing in research and development activities to develop advanced ESR analyzers to cater to the growing demand.
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What are the Key Trends Improving the Demand in the ESR Analyzer Market?
Technological advancements in the healthcare industry across the globe is one of the primary factor boosting the market. Besides this, preference for automated ESR analyzer for accurate and fast results will improve the sales of automated ESR analyzer in the market.
Moreover, development of healthcare infrastructure in countries such as India, China, and the U.S. will improve the adoption of advanced products. This is expected to drive the demand for automated ESR analyzers in the market.
Further, government across the globe are investing increasingly in advanced healthcare testing equipment. Besides this, surging adoption of advanced ESR analyzers in hospitals, diagnostic laboratories, and others will fuel the growth in the market.
Which are the Challenges that May Hamper Growth in ESR Analyzer Market?
ESR analyzers are complex instruments that require skilled resources for conducting blood test and for accurate results. Lack of adequate professionals in low-income countries might hamper the demand in the market.
Apart from this, high cost of ESR analyzers might also limit the sales in countries such as Brazil, UAE, South Korea, and other emerging economies. This is expected to create a negative impact in the market.
Market Competition
Some of the renowned companies present in the global ESR analyzer market include ALCOR Scientific Inc., Thermo Fisher Scientific, Caretium Medical Instruments Co., Limited, Hospitex Diagnostics, Beckman Coulter, Inc., Alifax, and Perlong Medical among others.
The global market is highly fragmented with the presence of a large number of international and regional companies. Key players are increasingly focusing on research and development activities to develop advanced testing equipment and broaden their product.
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Key Segments Profiled in the ESR Analyzer Industry Survey
Product Type:
- Automated ESR Analyzer
- Semi-Automated ESR Analyzer
- Manual ESR Analyzer
By End Use:
- Hospitals
- Diagnostic Laboratories
- Academic Institutions
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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