Hemostasis Diagnostics Market Business Growth Tactics, Future Strategies, Competitive Outlook, Industrial Demand and More
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Data Bridge Market Research analyses that the hemostasis diagnostics market which was USD 5.90 million in 2021, is expected to reach USD 11.42 million by 2029, at a CAGR of 8.60% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
The major players covered in the hemostasis diagnostics market report are Abbott, Thermo fisher Scientific Inc., Alere Inc., HORIBA, Ltd., Medtronic, Technidyne Corporation Inc., BD, F. Hoffmann-La Roche Ltd., NIHON KOHDEN CORPORATION, Haemonetics Corporation, Beckman Coulter Inc., Helena Labor, Chrono-Log, Axis-Shield, Sysmex Corporation, Siemens Healthcare Private Limited, Instrumentation Laboratory Company, Danaher, and Grifols S.A. among other domestic and global players.
Global Hemostasis Diagnostics Market Dynamics
Drivers
- Rise in hemophilia
Rising incidences of blood clotting diagnosis for patients, particularly those who are more prone to losing excess blood from the body during surgeries, are major factors driving market growth. According to the National Hemophilia Foundation, haemophilia affected approximately 400,000 people in 2019, and approximately 75% of people with haemophilia around the world continue to receive inadequate treatment or do not have access to treatment. As a result, the market’s growth is influenced positively.
- Technological developments
Raising awareness about hemostasis conditions is expected to improve diagnostic rates and preventive care management, resulting in a significant increase in testing volume. The advancement of technology has resulted in the introduction of many novel diagnostic systems and tests, such as the introduction of automated blood coagulation analyzers, which will provide a significant growth opportunity for this market in the coming years.
Opportunities
- Increase in Point-of-Care testing system
Patients and clinicians are more likely to use point-of-care diagnostic tests and rising patient awareness of POC processes is driving market growth. Furthermore, one of the driver is the efficient use of POC devices for diagnosis by minimally skilled professionals. POC development initiatives are also supported by a number of private organizations, including the California Institute of Technology, Dartmouth College, and international organisations. For instance, to enhance professionals’ diagnostic testing outside of clinical laboratories, the American Association for Clinical Chemistry developed a certification programme in August 2018. As a result, the market is anticipated to increase profitably during the forecast period.
Critical Insights Related to the Included in the Report:
Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
Value chain analysis of prominent players in the market
Current trends influencing the dynamics of this market across various geographies
Recent mergers, acquisitions, collaborations, and partnerships
Revenue growth of this industry over the forecast period
Marketing strategy study and growth trends
Growth-driven factor analysis
Emerging recess segments and region-wise market
An empirical evaluation of the curve of this market
Ancient, Present, and Probable scope of the market from both prospect value and volume
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The increasing demand for technological advancements for medical treatment will expand the demand of the market in the forecast period of 2020 to 2027. Moreover government support and increasing research, growing incidences of blood clotting diagnosis for patients and increasing trend in laboratory automation will fuel market growth. However, the strict government regulation and lack of awareness regarding hemostasis disorders in underdeveloped regions are the restraining factors for the hemostasis diagnostics market. In addition, the growing awareness regarding hemostasis conditions and huge investment in R&D to circumvent being obsolete will create productive opportunities for the hemostasis diagnostics market in the above mentioned forecast period.
Global Hemostasis Diagnostics Market Scope
Product
- Laboratory Analyzers
- Point-of-Care Testing Systems
Test Type
- Activated Partial Thromboplastin Time
- D Dimer Test
- Fibrinogen Test
- Prothrombin Time (PT) Test
- Activated Clotting Time
- Platelet Aggregation Test
End Use
- Hospitals
- Diagnostic Centers
- Others
Major Points Covered in Table of Contents:
An Overview of the Hemostasis Diagnostics Market Industry
Manufacturers’ Market Share Production Market Share by Regions
Consumption in Different Regions
Trends in Production, Revenue, and Price by Type
Analysis of the Hemostasis Diagnostics Market by Applications
Hemostasis Diagnostics Market Industry Company Profiles and Key Figures Hemostasis Diagnostics Market Manufacturing Cost Analysis
Customers, Distributors, and Marketing Channel
Market Trends
Research Findings and Conclusions on the Hemostasis Diagnostics Market
Data Source and Methodology
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