Global Coagulation Analyzer Market: Snapshot
Coagulation analyzers are laboratory instruments used for analyzing a number of facets associated with blood clotting. Used to measure blood prothrombin ratio, coagulation analyzers find multiple applications for the diagnosis and analysis of a number of diseases and their developmental stages. Coagulation analysis of the blood is commonly undertaken to diagnose the source of unexplained thrombosis or bleeding in patients.
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The global market for coagulation analyzer has witnessed a huge surge in growth opportunities in the past few years as countries across the globe increasingly invest towards the improvement of healthcare infrastructures. The rising prevalence of a number of chronic health conditions across the globe is also catalyzing the increased usage of coagulation analyzers across clinical laboratories and hospital laboratories.
Owing to the vast growth opportunities that the market for coagulation analyzers offers, a number of medical device companies have forayed into the market in the past few years. Vast research and development efforts from companies have led to the development of highly reliable analyzers in the recent past and the global market continues to witness the introduction of high precision and advanced product varieties at a steady pace.
The global market boasts of a wide variety of semiautomatic as well as automatic varieties of coagulation analyzers, with the semiautomatic varieties requiring the involvement of clinical technicians to prepare and introduce samples. Machines with multiple channels and capability of analyzing a number of different samples at the same time are also available in the global marketplace.
Coagulation Analyzer Market: Overview
The global coagulation analyzer market is expected to display double-digit growth rate in the near future. The market comprises several products that are utilized by hospitals, clinical laboratories, patient self-testing centers, and others.
The global market for coagulation analyzer can be analyzed by product, technology, test type, end-use, and geography.
The publication is a comprehensive collection of past and current facts and factoids based on which projections are made for the coagulation analyzer market. The analysis of the report presents users with a qualitative and quantitative assessment of where the market stands today and where it is headed.
The market study also presents the vendor landscape of the coagulated analyzer market at length. The key players are not only mentioned but are profiled for key business parameters such as recent development, business and financial overview, product portfolio, and geographical reach. The report also includes a SWOT analysis to present the indicators of strength, weakness, opportunities, and threat of the market until the end of the forecast period in 2025.
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Coagulation Analyzer Market: Trends and Opportunities
The increasing population base across the world suffering from chronic blood diseases and lifestyle associated disorders is driving the coagulation analyzer market. Furthermore, the rising awareness about these conditions is expected boost diagnostic rate and measures for preventive care, which is anticipated to increase the testing volume.
The developing economies of the world are currently undergoing a paradigm shift in terms of modernization of their healthcare facilities. This includes government funding for the installation of such medical devices into public healthcare facilities. Furthermore, the rising geriatric population, increasing prevalence of chronic diseases, and increasing foreign investments in developing economies are favoring the growth of the coagulation analyzer market in these nations.
The clinical laboratory product segment accounted for the largest share of the overall market in the recent past. Consumables is expected to account for a significant share of the market in the future due to the increasing testing volume and development of new assays. Optical technology is projected to exhibit the highest share of the market during the forecast period.
However, the growth of the market is challenged due to several impediments. Stringent regulations for the approval of medical devices pose a challenge for small players to enter into this marketplace. This, in turn, is challenging the market’s growth.
Coagulation Analyzer Market: Geographical Outlook
North America is the largest regional market for coagulation analyzers and is expected to contribute substantial revenue to the global market in the near future. Favorable healthcare norms combined with the rising prevalence of cardiometabolic disorders such as pulmonary embolism (PE) and deep vein thrombosis (DVT) are boosting the growth of this regional market.
The Middle East and Africa regional segment in expected to display significant growth due to the presence of an adequate number of hospitals, clinics, and health centers backed by skilled healthcare personnel that are equipped to deliver safe and effective services. In this region, governments of several countries are focused on the expansion of healthcare services. This not only includes modernization of existing hospitals but the development of new healthcare centers as well.
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Major Companies Mentioned in Report
Some of the leading players in this industry include Siemens Healthcare, Instrumentation Laboratory, Roche Diagnostics, Thermo Fischer Scientific, Sysmex Corporation, International Technidyne Corporation, Alere Inc., Beckman Coulter Inc., and NIHON KOHDEN.