USD 2.74 Billion
Coagulation Testing Market Size, Share, Growth Analysis, By Product(Analyzer, Consumables), By Test Type(Prothrombin Time, Activated Partial Thromboplastin Time, D-dimer Testing, Fibrinogen Testing), By Technology(Optical Coagulation, Mechanical Coagulation, Electrochemical Coagulation), By End-user(Hospitals, Clinical Laboratories, Home Care Settings, Point-of-Care Testing), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2268 |
Region:
Global |
Published Date: June, 2024
Pages:
219
|Tables:
120
|Figures:
77
Coagulation Testing Market Insights
Global Coagulation Testing Market size was valued at USD 2.74 Billion in 2022 and is poised to grow from USD 3.05 Billion in 2023 to USD 7.24 Billion by 2031, at a CAGR of 11.40% during the forecast period (2024-2031).
The global Coagulation Testing Market has witnessed constant growth in recent years due to numerous elements. Coagulation trying out plays a vital position in diagnosing and tracking diverse medical situations related to blood clotting. This market is driven with the aid of the growing occurrence of cardiovascular diseases, blood issues, and a growing getting older populace.
Additionally, the upward push in the superiority of blood issues, including hemophilia and von Willebrand ailment, has considerably contributed to the demand for coagulation testing. Additionally, a growth in surgical methods and trauma cases further boosts the need for accurate and well timed coagulation diagnostics. Stringent regulatory necessities for diagnostic merchandise and devices impact the marketplace entry of new players. Compliance with pleasant requirements and regulatory approvals are essential elements for marketplace individuals.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Prothrombin Time (PT)
Fastest Growth
D-dimer Testing
Growth Rate
11.40% CAGR
Coagulation Testing Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Coagulation Testing Market Segmental Analysis
The global coagulation testing market is segmented into product, test type, technology, end-user, and region. Based on product, the market is segmented into analyzer and consumables. Based on type, the market is segmented into Prothrombin Time, Activated Partial Thromboplastin Time, D-dimer Testing, Fibrinogen Testing, Others (Thrombin Time, Platelet Function Tests). Based on Technology, the market is segmented into optical coagulation, mechanical coagulation, electrochemical coagulation. Based on end-user, the market is segmented into, Hospitals, clinical laboratories, home care settings, point-of-care testing. Based on region, the market is segmented into United States, Canada, and Mexico.
Analysis by Type
PT is a broadly used test for assessing the extrinsic pathway of the coagulation cascade, providing essential records about the clotting time. It is commonly employed for monitoring oral anticoagulant therapy, which is prevalent in situations which include atrial fibrillation and deep vein thrombosis. Given the superiority of cardiovascular diseases and the good sized use of anticoagulants, PT is probably to stay a dominant take a look at kind.
D-dimer trying out is critical for detecting situations associated with immoderate blood clot formation and breakdown. Growing focus of the importance of early detection of conditions like deep vein thrombosis and pulmonary embolism is driving the demand for D-dimer checking out. The growing incidence of conditions that lead to extraordinary blood clotting, such as most cancers and certain autoimmune issues, is predicted to reinforce the call for D-dimer checks.
Analysis by Technology
Optical coagulation trying out includes measuring adjustments in light transmission as blood clots, offering a right away and real-time evaluation of the coagulation manner. Optical strategies are regularly taken into consideration accurate and green, contributing to their good sized adoption in scientific laboratories and factor-of-care settings. Continuous advancements in optical technology, such as advanced sensors and miniaturization, make contributions to their dominance within the market.
Point-of-care coagulation testing entails acting tests at or near the patient, making an allowance for fast results and on the spot scientific selection-making. The call for decentralized trying out is growing, pushed by the want for short and efficient diagnosis in emergency situations, outpatient settings, and domestic care. Technological improvements enabling miniaturized and portable coagulation trying out gadgets contribute to the fast increase of factor-of-care generation.
Coagulation Testing Market By Test
To get detailed analysis on other segments, Request For Free Sample Report
Coagulation Testing Market Regional Insights
North America, in particular America, has a nicely-established healthcare infrastructure with superior diagnostic centers and a high occurrence of cardiovascular diseases and associated situations. The location frequently sees early adoption of latest technologies and diagnostic techniques, contributing to a strong marketplace for coagulation trying out. Favorable reimbursement rules and an excessive degree of attention amongst healthcare professionals and sufferers similarly guide the dominance of North America within the coagulation testing market.
Asia-Pacific is experiencing speedy financial development, leading to improved healthcare spending and improved accessibility to advanced diagnostic services. Growing consciousness of the significance of early detection and diagnosis of coagulation problems is driving the demand for coagulation in countries like China and India. The occurrence of cardiovascular diseases, together with a massive and growing old population, contributes to the expanding marketplace for diagnostic assessments within the area.
Coagulation Testing Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Coagulation Testing Market Dynamics
Drivers
Increasing Prevalence of Cardiovascular Diseases
- The growing prevalence of cardiovascular illnesses, coupled with an growing older population globally, underscores the increasing call for coagulation testing as an important diagnostic tool. Additionally, advancements in diagnostic technology, including optical and electrochemical coagulation trying out strategies, enhance the accuracy and efficiency of consequences, driving adoption throughout healthcare settings.
Restraints
High Complexities Associated With Standardizing Coagulation Testing Procedures
- One of the primary marketplace restraints is the complexities associated with standardizing coagulation trying out tactics, mainly to versions in results throughout exceptional laboratories and settings. These inconsistencies can pose demanding situations for healthcare experts in interpreting consequences appropriately and may affect the general reliability of coagulation checking out.
Request Free Customization of this report to help us to meet your business objectives.
Coagulation Testing Market Competitive Landscape
The aggressive surroundings of the Coagulation Testing marketplace is dynamic and is characterized by a dynamic interaction of key gamers vying for market proportion. The industry leaders constantly invest in research and development to introduce modern coagulation, trying out answers, staying ahead of technological improvements.
Top Player’s Company Profiles
- Abbott Laboratories
- Siemens Healthcare
- Roche Diagnostics
- Beckman Coulter
- Sysmex Corporation
- Ortho Clinical Diagnostics
- Stago
- Werfen
- DiaSys
- Cardinal Health
- Helena Laboratories
- Instrumentation Laboratory
- Diagnostica Stago
- Hyphen Biomed
- Alere Inc.
- CoaguSense
- Hemosonics
- Diagon
- ILine Microsystems
- Bio-Rad Laboratories
Recent Developments
- August 2023: Danaher Corp., a Washington D.C.-primarily based worldwide issuer of life sciences and diagnostics answers, has efficaciously finalized the acquisition of Abcam percent, a Cambridge, England-primarily based supplier of existence sciences protein research gear, in a deal valued at $5.7 billion.
- October 2023: Thermo Fisher Scientific is set to gather The Binding Site Group, a UK-based forte diagnostics firm, for £2.25 billion ($2.60 billion) in cash.
Coagulation Testing Key Market Trends
- Rising Shift Towards Point-Of-Care Coagulation Testing: The discernible shift towards factor-of-care coagulation testing, driven by the call for rapid and decentralized diagnostic answers. This trend is fueled by means of the want for short choice-making in emergency conditions and outpatient settings. Technological improvements are facilitating the development of transportable and person-pleasant coagulation checking out devices, enhancing their adoption in various healthcare environments.
Coagulation Testing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Coagulation Testing market analysis exhibits a dynamic market with a number of standout trends and difficulties. The market is driven by a surge in cardiovascular diseases, an getting older populace, and technological improvements. However, demanding situations including standardization issues, reimbursement complexities, and regulatory hurdles restrain market increase. In phrases of product types, contraptions, reagents, and kits play pivotal roles. Regionally, North America dominates, with a robust healthcare infrastructure. Key trends consist of a shift in the direction of point-of-care trying out, customized medicine, and the integration of synthetic intelligence, indicating an industry awareness on innovation and precision in diagnosing coagulation issues.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.74 Billion |
| Market size value in 2031 | USD 7.24 Billion |
| Growth Rate | 11.40% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Coagulation Testing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Coagulation Testing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Coagulation Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Coagulation Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Coagulation Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Coagulation Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
