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Coagulation Testing Market worth US$3,715.8 Million by 2025; Rising Awareness about Severity of Clotting Disorders boost the Market

09-06-2017 01:52 PM CET | Health & Medicine

Press release from: Transparency Market Research

Coagulation Testing Market worth US$3,715.8 Million by 2025;

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.

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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.

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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.

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.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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