Rising awareness about timely diagnosis of blot clots to add growth impetus to coagulation analyzers market
Market Size – USD 5.1 billion in 2020 Market Growth – 10.6% Market Trends – Increasing disposition towards blood clots.
The global Coagulation Analyzers Market size is expected to reach USD 11.7 billion by 2028 at a CAGR of 10.6%, according to a new report by Reports and Data.
As well as vitamin K deficiency and heart disease, genetic disorders can contribute to blood clotting. The increasing understanding of blood clots and the fact that they can be avoided with early detection are factors driving the demand for coagulation analyzers. More than 100,000 individuals die per year in the U.S. due to blood clots, according to the CDC. Without warning, people with pulmonary embolism sometimes die. These variables are also driving the growth of the market for coagulation analyzers.
Over the coming years, lack of knowledge of timely blood clot detection and lack of qualified coagulation analyzers would restrict market development. A substantial portion of the population in developed countries is also unaware of the need for routine check-ups. People do not have access to proper healthcare in many under-privileged nations. These factors can pose significant challenges to the growth of the market for coagulation analyzers during the forecast period.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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Geographical Segmentation:
The report essentially evaluates the significant presence of the global Coagulation Analyzers market across the world’s major regions. The global Coagulation Analyzers market has been categorized into several key geographical regions. North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa are the leading Coagulation Analyzers market regions. In this section of the report, the authors have examined the market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each geographical segment.
Reports and Data’s latest report sums up the significant changes in the global business sector that followed the COVID-19 outbreak. The pandemic has also had an enormous impact on the global Coagulation Analyzers market, disrupting the market dynamics and trends. The global health crisis has gravely affected the Coagulation Analyzers industry, disrupting the global supply chains and bringing about volatility in prices and product demand. However, industry experts believe that the global Coagulation Analyzers market will regain traction in the post-COVID scenario. The report further offers a preliminary and a future assessment of the pandemic’s impact on this lucrative business space.
Key findings of the report:
Roche presented its cobas t 711 coagulation analyzer at the China International Import Expo in 2020. The analyzer, equipped with intelligent Walk Away Reagent Control, is designed to be capable of completely automatic and scheduled reconstitution of reagents. The product also helped boost the coagulation pipeline of Roche’s business in China.
Analyzers have held a commanding share of total sales in 2020 and are projected to rise over the forecast period at a significant CAGR.
The highest market share over the forecast period is expected to be held by optical technology. Due to the combination of immunological, chromogenic and photo-optical techniques that have resulted in the development of high-performance, multipurpose optical haemostasis analyzers, this growth is expected.
The D-dimer segment was projected to account for the largest share in terms of test form.
The market is segmented into hospitals, testing centres, research institutes and others on the basis of end users.
In 2020, the clinical laboratory segment had the largest share. For routine haematological examination of patients, clinical laboratory analyzers are usually used in hospitals.
The largest share of consumables in the commodity category. All tests require the existence of reagents, so large inventories or repeated orders of these materials are placed by hospitals, resulting in greater demand. It is anticipated that the sales of these consumables will increase the amount of research and the development of new assays.
Due to sufficient hospitals, health centres, and clinics, the Asia Pacific coagulation analyzer market is expected to experience a lucrative growth rate. With economic growth and improved access to healthcare in countries with large populations such as India and China, more people are paying more attention to their health, generating growth opportunities for the industry.
Some of the key industry players include Abott, Alere, Helena laboratories, Instrumentation Laboratory, Roche, Siemens, Stago, Sysmex and Thermofisher.
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For the purpose of this study, the global Coagulation Analyzers market has been segmented on the basis of disease type, application, distribution channel, and region:
Product Outlook (Revenue, USD Million, 2018 – 2028)
Analyzers
Clinical Laboratory Analyzers
Point of Care Analyzers
Consumables
Reagents
Stains
Technology Outlook (Revenue, USD Million, 2018 – 2028)
Mechanical
Electrochemical
Optical
Photo-optical/Chromogenic/Immuno
Others/Nephelometric
Others
Test Type Outlook (Revenue, USD Million, 2018 – 2028)
APTT
D-Dimer
Fibrinogen
Prothrombin
Others
End-Use Outlook (Revenue, USD Million, 2018 – 2028)
Hospitals
Research Institutes
Diagnostic Centres
Others
Table Of Contents:
Chapter 1 Research Methodology
1.1 Information procurement
1.2 Data Analysis
Chapter 2 Executive Summary
Chapter 3 Market Snapshot
Chapter 4 Market Variables, Trends & Scope
4.1 Market Segmentation
4.2 Market size and growth prospects
4.2.1 Market driver analysis
4.2.2 Market restraint analysis
4.3 Key Opportunities Prioritized
4.4 Industry Analysis Porter’s
4.5 PESTEL Analysis
Chapter 5 Coagulation Analyzers & Reagents Market Categorization: Product Estimates & Trend Analysis
5.1 Coagulation analyzers and reagents market: Product movement analysis
5.2 Analyzers
5.2.1 Analyzers market, 2018 – 2028 (USD Million)
5.2.2 Clinical LaboratoryAnalyzers market, 2018 – 2028 (USD Million)
5.2.3 Point of CareAnalyzers market, 2018 – 2028 (USD Million)
5.3 Consumables
5.3.1 Consumables market, 2018 – 2028 (USD Million)
5.3.1.1 Reagents market, 2018 – 2028 (USD Million)
5.3.1.2 Stains market, 2018 – 2028 (USD Million)
Continued..
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