According to a new market research study of ‘South and Central America Hematology Analyzers and Reagents Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by product and service, application, and end-user’ the South and Central America hematology analyzers and reagents market is expected to reach US$853.32 million in 2027 from US$ 503.12 million in 2019. The market is estimated to grow with a CAGR of 6.9% from 2020-2027. The report provides trends prevailing in the South and Central America hematology analyzers and reagents market and the factors driving market along with those that act as hindrances.

Based on end-user, the hematology analyzers and reagents market, is segmented into hospital laboratories, commercial service providers, government reference laboratories, and research and academic institutes. The hospital laboratories segment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period. The hospital laboratories market growth is expected due to the fact that various medical research teams are constantly working on introducing innovative technologies related to the treatment methods, laboratory investigations, and other activities in the medical field. The patients generally prefer the hospital to take treatment due to advanced treatment options for patients for the treatment of chronic conditions. The blood collection and analysis devices are being frequently used in hospitals and pathology laboratories which is thereby boosting the market’s growth.

The growth of this market is estimated to grow owing to key driving factors such as the rising prevalence of chronic diseases across South and Central America and an increasing development in the medical devices industry. However, the market growth is likely to be hindered owing to the exorbitant cost of hematology analyzers and reagents.

Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Danaher, BIO-RAD LABORATORIES INC. are among the leading companies operating in the South and Central America hematology analyzers and reagents market. 

The report segments South and Central America Hematology Analyzers and Reagents Market as Follows:

By Product and Service

• Hematology Product and Services
  • Instruments
  • Reagents and Consumables
  • Services
• Hemostasis Product and Services
  • Instruments
  • Reagents and Consumables
  • Services
• Immunohematology Product and Services
  • Instruments
  • Reagents and Consumables
  • Services

By Application

• Anemia
• Blood Cancer
• Haemorrhagic Conditions
• Infection Related Conditions
• Immune System Related Conditions
• Others

By End User

• Hospital Laboratories
• Commercial Service Providers
• Government Reference Laboratories
• Research and Academic Institutes

By Country

• South and Central America

• • Brazil
  • Argentina
  • Rest of South and Central America