Coagulation Testing Market 2021 Objectives of the Study, Research Methodology and Assumptions, Value Chain Analysis and Forecast by 2028


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Shibuya Data Count

Jan 05, 2022, 02:12 EST


Shibuya-ku, Tokyo, Japan, Japan, Jan 05, 2022, 02:12 /Comserve / -- The global coagulation testing market will generate a revenue of $3,566.0 million by 2026, rising from $2,241.4 million in 2018 at a CAGR of 5.9%.

The global coagulation testing market will generate a revenue of $3,566.0 million by 2026, rising from $2,241.4 million in 2018 at a CAGR of 5.9%.

Blood Coagulation (clotting) is a change in the physical properties of blood due to the conversion of a fibrinogen, soluble plasma protein, into a fibrin, solid gel. Coagulation tests are primarily carried out by coagulometer which analyzes the ability of the blood to clot and the time span it takes to clot.

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Increasing number of special coagulation laboratories is one of the major factors for the growth of coagulation testing market. Highly advanced technologies like microfluidics, fluorescent microscopy, photoacoustic detection and others are utilized to develop economic point of care devices. Point of care (POC) devices mainly measure mechanical, electrochemical and other parameters of blood clots. These innovations are expected to augment the coagulation testing market growth. Contrary to this, high costs of devices as well as lack of experienced professionals may obstruct the growth of global coagulation market. The smartphone-based coagulation test is projected to fuel the coagulation testing market growth. In this self-testing technology, all measured data of coagulation tests is sent on a smartphone by using Bluetooth for results computation. Two important coagulation indexes like activated partial thromboplastin time and prothrombin time could be measured on this advanced platform that which is reliable and effective. These technology advances are projected to create lucrative opportunities for the growth of the coagulation testing market.

Consumable type has the largest share in the global market, and it has generated a revenue of $1,187.9 million in 2018 and is projected to cross $1,847.2 million by 2026.

Instruments type is the fastest progressing market globally and it shall surpass $1,718.8 Million by 2026.

Prothrombin time application shall register a revenue of $2,475.7 million during the projected period. The increasing number of CVD patients (cardiovascular diseases), blood disorders coupled with growing demand for point of care testing is anticipated to drive the global market growth, over the projected period. Thrombin time application shall generate a revenue of $392.3 million over the forecasted period.

Point-of-Care segment is the fastest growing segment in the market, and it has generated a revenue of $291.4 million in 2018 and is anticipated to surpass $495.7 million by 2026. The rising economic pressures on hospitals and clinics along with increasing competitiveness among suppliers and therapist, is projected to foster the growth of the market. Hospitals segment has the highest share in the global market, and it will cross $829.3 million in 2018 and is anticipated to surpass $1,290.9 million, during the projected period.

Europe Coagulation Testing market is projected to increase at a healthy CAGR of 6.2% by registering a revenue of $1,094.8 million by 2026. Asia-Pacific Coagulation Testing market will surpass $848.7 million by 2026. Extensively rising demand for foreign investments and heavy investment for R&D of coagulation test devices in Asian countries such as China and India are projected to add to the growth of coagulation testing market in this region.

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Some of the leading Coagulation Testing market players include Helena Laboratories Corporation., Thermo Fisher Scientific Inc., Medtronic, Micropoint Biosciences, NIHON KOHDEN CORPORATION., F. Hoffmann-La Roche Ltd, Sysmex Corporation, Abbott., BD., and Danaher.

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