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Coagulation Analyzer Global Market will Exceed $4.21 Billion By 2028 with a Projected CAGR of 7.3% | Abbott Laboratories, Medtronic PLC, Beckman Coulter Inc., Sysmex Corporation, Werfen S.A.
Coagulation Analyzer Market
The Business Research Company presents an extensive market research report on the Coagulation Analyzer Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The coagulation analyzer market size has grown strongly in recent years. It will grow from $2.96 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing aging population, rise in chronic diseases, growing surgical procedures, anticoagulant therapy monitoring, rising incidence of hemophilia.
The coagulation analyzer market size is expected to see strong growth in the next few years. It will grow to $4.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to point-of-care testing (poct) adoption, rising demand for home-based monitoring, integration of connectivity solutions, increasing focus on personalized medicine, global expansion of hemostasis management programs. Major trends in the forecast period include technological innovations in assay design, advancements in technology, miniaturization and portability, multiplex assays for comprehensive testing, collaborations for research and development.
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Key Market Players:
Major companies operating in the coagulation analyzer market report are Siemens AG, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic plc, Beckman Coulter Inc., Sysmex Corporation, Werfen S.A., Nihon Kohden Corporation, Instrumentation Laboratory Company, ARKRAY Inc., Maccura Biotechnology Co. Ltd., Beijing Succeeder Technology Inc., Helena Laboratories Corporation, Diagnostica Stago Sas, Trivitron Healthcare Pvt. Ltd., A&T corporation, ACON Laboratories Inc., Genrui Biotech Inc., Teco Medical Instruments, Eurolyser Diagnostica GmbH, Bio Group Medical System, LAbor BioMedical Technologies GmbH, Alere Inc., AGD Biomedicals Pvt Ltd, VSI Electronics Private Limited, Micro Lab Instruments, Meril Life Science Pvt. Ltd., Jinan Kinghawk Technology Co. Ltd, Bioevopeak Co. Ltd.
Market Drivers:
The rising prevalence of leukemia is expected to propel the growth of the coagulation analyzer market going forward. Leukemia is a type of blood cancer distinguished by the fast proliferation of abnormal blood cells, which affects the body's ability to fight infection, including the lymphatic system and bone marrow. A coagulation analyzer is helpful for leukemia patients to test disseminated intravascular coagulation (DIC) with prolongation of PT, low fibrinogen levels, platelet counts, and elevated D-dimer levels. For instance, in January 2023, according to the American Cancer Society, a US-based health organization, there were a total of 59,610 new cases of leukemia (all kinds) and 23,710 deaths from leukemia (all kinds). Further, GLOBOCAN, an online database providing global cancer statistics and estimates of incidence and mortality, reports that 474,519 new cases of leukemia were detected worldwide in 2020. Therefore, the rising prevalence of leukemia drives the coagulation analyzer market.
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The coagulation analyzer market covered in this report is segmented -
1) By Product Type: Semi-automated Coagulation Analyzer, Automated Coagulation Analyzer, Manual Analyzer, Other Product Type
2) By Test Type: Prothrombin Time Testing, Fibrinogen Testing, Activated Partial Thromboplastin Time Testing, D-dimer Testing, Platelet Function Testing, Anti-factor Xa Testing, Other Tests
3) By Technology Type: Optical Technology, Mechanical Technology, Electrochemical Technology, Other Technologies
4) By End User: Hospitals And Clinics, Diagnostic Centers, Others End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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