Coagulation Testing Market 2018 Size, Growth and Demand with Global Forecasts to 2023

July 10, 2018 | Author: | Posted in Business, Health, Health-Fitness, Marketing

The increasing prevalence of various blood clotting disorders, such as deep vein thrombosis (DVT), hemophilia and thrombophilia, and growing aging population around the world are the predominant growth drivers for the global coagulation testing market. Additionally, the technological advancements in coagulation testing devices and initiatives taken by various government associations to raise awareness about various blood disorders and its management are also driving the growth of the market.

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Coagulation testing procedures are used to measure the ability of blood to develop clot in blood vessel. Testing helps doctors to assess the risk of excessive bleeding and developing clots, also known as thrombosis, in blood vessels. Various types of coagulation tests exists, and the major types include complete blood count (CBC), fibrinogen level, Factor V assay, prothrombin time (PT or PT-INR), platelet count, thrombin time, and bleeding time.

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North America and Europe are the major markets of coagulation testing, due to rapid launch of anticoagulants, increasing incidences of blood clotting disorders, and growing demand for coagulation testing devices. The U.S., followed by Canada is the largest market for coagulation testing in North America. Whereas, Germany, the U.K., France, and Italy are some of the major countries holding significant shares in the European market.

The Asian market is growing with a significant rate, owing to increasing prevalence of blood disorders, growing aging population, and increasing healthcare spending in the region. In addition, the initiatives taken by various government associations to raise awareness about various blood disorders and its management are also supporting the growth of the Asian coagulation testing market. The countries, such as India, Japan, and China are the major markets in the region.

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Some of the major players operating in the global coagulation testing market include Alere Inc., Thermo Fisher Scientific Inc., Sysmex Corporation, Siemens AG, F. Hoffmann-La Roche AG, Abbott, Axis-Shield Diagnostics Ltd., Danaher Corporation, Becton, Dickinson and Company, Bio/Data Corporation, and Chrono-Log Corporation.

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