Global hemostasis/coagulation market projected rise 8.5% from 2023 to 2030. A coagulation analyzer, often called a micro-coagulation system, measures how fast a clot forms. This test reduces the risk of heart attack, embolism, or thrombosis by detecting blood clots in the arteries. This market is growing due to more coagulation diagnoses, point-of-care diagnostics, and industrial medical device manufacture. Expanding healthcare access in previously untapped markets could also boost revenue. Lifestyle-related disorders and persistent blood issues are expected to raise demand for coagulation analyzers. An increase in cardiac illnesses and new product introductions may enhance demand for better coagulation analyzers. Raising awareness of these conditions is expected to enhance diagnosis and preventative treatment, which will boost testing volume. India, China, and Brazil are expected to offer significant business prospects. These novel devices can analyse anti-coagulant drugs and hemostatic therapy and reduce the risk of bleeding during extensive surgery. Continuous introduction of technologically improved products by important players worldwide is driving expansion.
The rising elderly population, the increasing frequency of chronic diseases, and laboratory automation are further boosting the global market for coagulant analyzers. Rising blood disease incidence is a major market driver. Increasing chronic blood disease prevalence drives the market analysed here. The demand for coagulation analyzers will rise. "Global Hemophilia Care 2020" found 393,658 cases of bleeding disorders in human history. This contains 241,535 haemophilia cases, 87,729 von Willebrand disease patients, and 64,394 additional bleeding disorders. As blood diseases proliferate, so will the need of coagulation analyzers. American Cancer Society reports 21,250 additional cases of chronic lymphocytic leukaemia in 2021. Leukemia is diagnosed by analysing diseased blood cells. Rising chronic lymphocytic leukaemia instances are expected to enhance the demand for coagulation tests, hence accelerating the market's growth.
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Increased use of prothrombin time tests in healthcare institutions to evaluate blood clotting time will drive the market. These will be used in hospitals to monitor patients with mechanical heart valves or ventricular support devices. Increased diagnoses of pulmonary embolism, persistent atrial fibrillation, deep venous thrombosis, and venous embolism will boost the market.The high price of fully automated coagulation analyzers and slow adoption of upgraded hemostasis tools will hinder market growth in developing and poor nations. Coagulation analyzers can't describe red cell shape. They also can't distinguish damaged or unusual red cell structures. Cutting-edge analyzers are pricey and have high operational costs. These costs may be too much for start-ups. Flagging between tests requires a blood investigation. Time-consuming.
Prothrombin time testing dominated the market in 2021. Rising popularity of prothrombin time tests to determine how long blood clots is driving market growth. These examinations monitor patients with mechanical heart valves, ventricular assist devices, persistent atrial fibrillation, venous embolism and thrombosis of deep veins of lower extremities, DVT, or PE. APTT test maintained the second-largest share of the hemostasisanalyzers market in 2021. APTT is used to detect coagulation inhibitors, DIC, liver disorders, acquired and inherited intrinsic coagulation problems, and heparin therapy. APTT can also evaluate heparin therapy. Photo-optical and electrochemical testing are both potential techniques.
Diagnostic centres generated the most coagulation analyzer income in 2021. This is because these facilities perform so many coagulation tests daily. Most hospitals and medical facilities employ clinical laboratory analyzers for haematological testing. The expected year should be profitable for hospitals. This is due to hospitals' rapid growth and the availability of hospital-specific analyzers and consumables. Rapid hospital and clinic growth is expected to affect rendering. Government efforts to improve healthcare delivery are expected to boost future growth. Advanced equipment that can do several tests and is more accurate also contributes to growth.
Analyzers accounted for most of overall revenue in 2021 and are expected to show a good CAGR. Improving healthcare infrastructure, rising healthcare spending, and lifestyle-related disorders like obesity, diabetes, and cardiovascular disease are expected to drive this growth. The rise of the diagnostic market is expected to boost the hemostasisanalyzer market, increasing demand. Quality and prompt patient treatment will drive the diagnostic market's growth.
Optical technology is expected to dominate from 2023 to 2030. This is expected as immunological, chromogenic, and photo-optical approaches are combined more. High-performance, versatile optical hemostasisanalyzers are likely to drive this growth.
North America had the biggest revenue share in 2021 and is predicted to continue dominant during the forecast period. North America is expected to dominate the market. Increasing chronic blood diseases, lab automation, and market participants' strategic efforts are driving market growth. According to a CDC update in February 2020, it's unknown how many Americans have DVT. This might reach 900,000 people (1 to 2 per 1,000). 60,000 to 100,000 Americans die annually from venous thromboembolism, according to one source. In light of these statistics, early identification of blood abnormalities is needed, which would increase demand for coagulation analyzers in the region and fuel market growth. Several companies in the area are implementing strategic initiatives, expanding the market. Haemonetics Corporation bought Enicor, a blood coagulation testing company, in April 2020. In July 2023, the American Clinical Laboratory Association (ACLA) began the Stop Lab Cuts campaign to improve clinical laboratory infrastructure and normalise patient service. This initiative aimed to improve patient care. These operations are expected to speed up market expansion since they disclose key infrastructure and raise funding. Due to the above factors, the market is expected to increase significantly during the given time period.In 2021, Europe was the second-largest market. This is due to increased investment in breakthrough healthcare technologies. Due to the increased frequency of blood disorders and demand for technologically advanced treatments and goods, Asia Pacific and Latin America are expected to have substantial growth throughout the analysed period. In the next few years, the Middle East and Africa are expected to grow their coagulation analyzer markets.
Growing clinics, hospitals, and health centres in India and China are expected to propel the coagulation analyzers market in Asia Pacific. The presence of trained medical personnel in these countries who can give effective and risk-free treatment may further contribute to the growth of this industry. Growing older populations in Asia and the Pacific with leukaemia, sickle cell anaemia, and thalassemia will boost sales. South China has the greatest thalassemia incidence, according to Guangxi Medical University. It was confirmed. The growth of R&D activities by educational and research institutes is expected to drive the Asia Pacific market.
New product development and continued research and development have helped expand the market. The highly consolidated market, where the leading players have most of the market share, adds to harsh competition. Siemens Healthineers AG, Helena Laboratories, Meril Life Sciences Pvt. Ltd., and Trivitron Healthcare are market leaders. Meril Life Sciences Pvt. Ltd., Trivitron Healthcare, Seimens Healthcare, Roche Diagnostics, and Instrumentation Laboratory are others. Due to their global accessibility, most of the big players have a presence in international markets and compete to expand sales. This trend is expected to change as players invest more in setting up distribution offices in the region throughout the forecast period. Direct supply agreements will gain pace throughout the expected term.
