Coagulation Analyzers Market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- May 7, 2022
- HEALTHCARE, NEWS
- Coagulation Analyzers Market Growth, Coagulation Analyzers Market news, Coagulation Analyzers Market Share, Coagulation Analyzers Market Size, Coagulation Analyzers Market trend
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Coagulation Analyzers Market is expected to grow at a CAGR of around XX% during the forecast period 2021-2027. The market stood at around US$ XX billion in 2020. The global Coagulation Analyzers market is expected to witness robust growth mainly due to the rising prevalence of blood disorders and lifestyle illnesses. Lack of blood-clotting proteins are responsible for blood clots block veins or arteries such as coronary heart disease. disease of bleeding and thrombus that also leads to reduce the immune system of body, especially among the middle-aged population. Coagulation Analyzers are the netlized blood analyzing and inspecting instrument. It can be used to diagnose the disease of bleeding and thrombus, also used in the clinic diagnosing. For instances, as per ncbi, Global distribution of total reported cases of bleeding disorders (a) and haemophilia A (c) in five countries reporting the highest number of patients. In 2019, it was estimated that 2 in 100,000 Asians have hemophilia. However, there is still a dearth of global and national data on hemophilia. Among the causes of rapid increase in rate of blood disorder, it was generally tested in the form of analyzers. Many tests are available for the treatment of Coagulation Analyzers including prothrombin time testing, fibrinogen testing, activated clotting time testing and others.
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Hemophilia is a chronic condition that can have a wide range of effects on a person’s body. In some people, Hemophilia a rare disorder in which the blood doesn’t clot in usual way because it doesn’t have sufficient blood-clotting proteins. As per National Organization for Rare Disorders, approximately 1 in 5,000 newborn males have hemophilia A. Approximately 60% of individuals with hemophilia A have a severe form of the disorder. The meta-analysis showed that more than 1,125,000 men around the world have the inherited bleeding disorder; 418,000 of those have a severe version of the mostly undiagnosed disease. However, many people in the world are unaware of their condition. Anyone with Hemophilia should have their analyzers test checked once per year.
The COVID-19 pandemic has had an unparalleled impact on the socio-economic and healthcare structure across various countries. During COVID -19 period, people have seen their daily lifestyles change drastically. In addition, the COVID-19 outbreak spread to almost every country, due to which the number of infected patients inflated, which strained countries’ healthcare ecosystem and resources. This is mainly because of the intensifying demand for healthcare facilities, workers, medical equipment, devices, drugs, and research studies. For instance, in March 2021, Abbott Laboratory announced the formation of the Abbott Pandemic Defense Coalition, a first-of-its-kind global scientific and public health partnership dedicated to the early detection of, and rapid response to, future pandemic threats. Avoidance of urgent or emergency care was more prevalent among unpaid caregivers for adults, persons with underlying medical conditions, young adults, and persons with disabilities. Thus, restraining market growth to some extent in the year 2020.
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Based on product type, the market is bifurcated into analyzers, clinical laboratory analyzers, point of care analyzers, consumables, others. Among these, Clinical Laboratory Analyzers category reported for the major share in the global Coagulation Analyzers. Due to expanding healthcare set-ups, increasing healthcare expenditure, and developing occurrences of lifestyle related diseases such as cardiovascular ailments, diabetes, and obesity.
Based on technology, the market is bifurcated into optical technology, mechanical technology, electrochemical technology, others. Among these optical technology categories reported for the major share in the global Coagulation Analyzers. Due to the combination of immunological, chromogenic, and photo-optical techniques that have resulted in the growth of high-performance, multipurpose optical haemostasis analyzers, this growth is expected to maintain its dominance throughout the forecast period.
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For a better understanding of the market, the report is analyzed based on different regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific); and Rest of World. North America will dominate the market on account of the rising research and development initiatives, increasing incidents of chronic diseases coupled with rising geriatric population. In addition, increasing presence of major pharmaceutical companies in the region coupled with their increasing focus on the research and development of new devices, is further expected to propel the market growth.
Coagulation Analyzers Market Segmentation
Market Insight, by Product Type
- Clinical Laboratory Analyzers
- Point of Care Analyzers
Market Insight, by Test Type
- Prothrombin Time Testing
- Fibrinogen Testing
- Activated clotting time testing
- Activated partial thromboplastin time testing
- D-Dimer Testing
- Platelet Function Tests
- Other Coagulation Tests
Market Insight, by Technology
- Optical Technology
- Mechanical Technology
- Electrochemical Technology
Market Insight, by End User
- Hospitals and Clinics
- Diagnostic centers
- Research Institutes
Market Insight, by Region
- North America Coagulation Analyzers Market
- Rest of North America
- Europe Coagulation Analyzers Market
- Rest of Europe
- Asia-Pacific Coagulation Analyzers Market
- Rest of Asia-Pacific
- Rest of World Coagulation Analyzers Market
Top Company Profiles
- Abbott Laboratories
- Siemens Healthineers Group
- Sysmex Group
- Thermo Fisher Scientific
- Nihon Kohden
- Roche Diagnostics
- Maccura Biotechnology Co. Ltd.
- Bio Group Medical System