The global coagulation testing market has multiple leading market
players, resulting in market consolidation and a high degree of
competitive rivalry. Some of the key players in the global
coagulation testing market are Alere Inc., F. Hoffmann-La Roche Ltd.,
Abbott Laboratories, Siemens Healthineers, SYSMEX CORPORATION,
Universal Biosensors, Inc., HemoSonics, LLC, and Helena Laboratories,
Inc.
According to Transparency Market Research (TMR), the global
coagulation testing market was valued at US$1,730.0 Mn in 2016 and is
expected to grow at a CAGR of 9.0% from 2017 to 2025, to reach an
estimated value of US$3,715.8 Mn in 2025.
Based on test type, the global coagulation testing market is
segmented into PT, APTT, TT, ACT, and others. Of these, PT tests held
the dominant share in the global market in 2016. High user
convenience, faster results, high specificity, and high adoption rate
of POC testing PT monitors are the major factors that drive the
demand for PT tests. Geographically, the U.S., the U.K., and Germany
are likely to remain the leading contributors to the global
coagulation testing market, with leading countries in Asia Pacific
such as China and India also likely to contribute significantly to
the growth of the global coagulation testing market.
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Quick and accurate testing is important while assuring the
coagulation status during emergency medical decisions. In the last
few decades, there has been an increase in POC testing to understand
coagulation status. The provision of quicker and reliable results and
greater user convenience are a few of the advantages of POC testing,
which are anticipated to drive the growth of the market during the
forecast period. Furthermore, the increasing prevalence of
cardiovascular diseases, which often require coagulation testing at
frequent intervals, is also a key driver for the global coagulation
testing market. The rising prevalence of deep vein thrombosis in
developed countries is thus likely to remain a major driver for the
coagulation testing market.
The rising awareness among people toward the diagnosis and testing of
their coagulation status and widespread adoption of stringent and
compulsory screening of blood in blood banks are the leading drivers
projected to propel the growth of the global coagulation testing
market, particularly in developed countries, in the coming years.
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Lack of awareness, high pricing of coagulation testing instruments,
and a lack of expertise to carry out testing in developing countries
are key threats to the global coagulation testing market, however,
increase in the demand for coagulation testing may help ensure fast
growth of the global coagulation testing market in the coming years.
Furthermore, difficulties in diagnosis of clotting disorders, since
most are asymptomatic, are one the major restraining factors for the
coagulation testing market.
On the other hand, the growing prevalence of clotting disorders as
well as chronic health conditions such as diabetes and obesity, which
may lead to coagulation disorders in emerging countries such as
Brazil, China, Russia, and India could emerge as a determinant factor
for the coagulation testing market.
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