Coagulation Markers Global Market Size, Share, and Insights 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Coagulation Markers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The coagulation markers market size has grown strongly in recent years. It will grow from $1.09 billion in 2023 to $1.16 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to the rising prevalence of cardiovascular diseases, an aging population, increasing surgical procedures, awareness and early diagnosis, government initiatives and funding, and expanding healthcare infrastructure.

The coagulation markers market size is expected to see strong growth in the next few years. It will grow to $1.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to a growing incidence of chronic diseases, rising adoption of personalized medicine, a growing global population, rising healthcare expenditures, and expansion in emerging markets. Major trends in the forecast period include the integration of AI and machine learning, the development of novel biomarkers, enhanced point-of-care technologies, automation in laboratories, wearable health technologies, telehealth and remote monitoring, and sustainable diagnostic practices.

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Market Drivers and Trends:

The rise in the prevalence of blood disorders is expected to propel the growth of the coagulation markers market going forward. Blood disorders refer to a wide range of conditions that affect the blood's ability to function correctly. The prevalence of blood disorders is growing due to aging populations, increased awareness, and improved diagnostic capabilities. Coagulation markers help diagnose and manage blood disorders by assessing clotting function, identifying abnormalities, and monitoring treatment effectiveness for conditions like hemophilia and thrombosis. For instance, in May 2024, according to the Leukaemia Foundation, an Australia-based non-profit organization, currently around 135,000 people in Australia are living with a blood cancer or blood disorder, with this number projected to exceed 275,000 by 2035. Therefore, an increasing prevalence of blood disorders is driving the coagulation marker market.

Major companies operating in the coagulation markers market are focusing on developing technologically innovative solutions, such as automated blood coagulation analyzers, to improve diagnostic accuracy, enhance efficiency, and provide faster results for better patient management. An automated blood coagulation analyzer is a medical device that automatically performs various tests to evaluate blood clotting function, providing rapid and accurate results for diagnosing and managing coagulation disorders. For instance, in July 2021, Sysmex Corporation, a Japan-based provider of in-vitro diagnostic solutions, announced the launch of its new automated blood coagulation analyzers named CN-6000 and CS-5100, designed to provide efficient and accurate coagulation testing in clinical laboratories. The CN-6000 is a fully automated coagulation analyzer with a maximum throughput of 240 tests per hour, featuring automatic sample pre-treatment, clot detection, and quality control management. The CS-5100, on the other hand, is a compact and versatile coagulation analyzer suitable for small to medium-sized laboratories, offering a throughput of up to 120 tests per hour and a user-friendly interface. Both analyzers support a wide range of coagulation assays and are designed to streamline coagulation testing workflows, improve turnaround times, and enhance patient care in clinical laboratories.

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Major Key Players of the Market:

Siemens Healthineers, Roche Holding AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Quidel Corporation, Sysmex Corporation, Bio-Rad Laboratories Inc., Werfen Group, Nihon Kohden Corporation, Randox Laboratories Ltd, Stago Group, Sekisui Diagnostics, Helena Laboratories Italia Spa, Tulip Diagnostics Ltd, Trinity Biotech PLC, CTK Biotech Inc., International Technidyne Corporation (ITC), Diazyme Laboratories Inc., AdvaCare Pharma USA (AccuQuik Test Kits), Technoclone GmbH, BioMedica Diagnostics Inc., Eurolyser Diagnostica GmbH, Goldsite Diagnostics Inc., Hipro Biotechnology Co. Ltd., HYPHEN BioMed

Coagulation Markers Market 2024 Key Insights:

• The coagulation markers market size is expected to see strong growth in the next few years. It will grow to $1.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Rising Prevalence Of Blood Disorders Drives Growth In The Coagulation Markers Market
• Innovative Automated Coagulation Analyzers Enhancing Diagnostic Accuracy And Efficiency
• North America was the largest region in the coagulation markers market in 2023

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