Market Overview
Blood Coagulation Testing tests and measures your blood's capacity and ability to clot and the time consumed to clot. This is done to keep track of blood regulation and maintenance so that the body functions without any interference. Blood Coagulation Testing Market also makes sure to check on your body's healthy functioning without any side effects. When you have access to the functioning of your body and its metabolism, it becomes quite easy to understand the chances of any risks or clotting that could have taken place.
These tests are mostly similar to the blood tests in their conduction, but the results can give you a deep understanding of your body's functioning. This also helps in keeping a check on the real-time metabolism.
The Blood Coagulation Testing Market was estimated at 3,566 million dollars by 2026, sharply increasing at a 5.9% CAGR. This is also predicted to generate a revenue of $1094 million and more by 2026.
The POC or the global point of care coagulation testing devices measure blood coagulation levels. The outbreak of the Covid pandemic harmed the global market growth in this sector and led to a huge decline in the revenue rates of the reports. A study published by the French researchers in the Medical Care Journal Suggested that the patients with Covid-19 who didn't have their blood coagulation tests done were more prone to the infection than those who had it done.
Some of the most common blood coagulation tests include the D-dimer, thromboplastin time (ppt), activated partial thromboplastin time (apt), etc.
Despite the benefits provided by the blood coagulation testing devices, certain factors limit the industry's growth in the global market. This is because of the high-cost associated factors and the unawareness of the procedure of the operating devices.
Market Segmentation
The segmentation of the Blood Coagulation Testing Market is done in several ways. These include the user-end analysis and the device type analysis.
In the device-type segmentation, the coagulation testing devices are fragmented into the monitoring devices, which focus on the anti-coagulation factors, platelet functioning devices, and viscoelastic coagulation monitoring devices.
In the end-user fragmentation of the market segmentation, the centers include hospitals, homecare, and clinics
Homecare comes in use while considering a case with a higher rate of CAGR, which leads to an increase in the awareness of the case in the general public. This is also with regards to various bleeding disorders where the homecare comes in handy. . The hospital and the clinics, however, hold a dominating share of the coagulation testing market due to the increased number of bleeding disorders in the same case.
Regional Analysis
According to a recent geographical stat, the Asia-Pacific region has the maximum blood warming devices dominance. This includes countries like China and India that have their global markets interlinked to the BLOOD COAGULATION TESTING MARKET domains. Countries like Europe and North America follow this demand.
Industry News
The BLOOD COAGULATION TESTING MARKET was estimated at 3,566 million dollars by 2026, which sharply increased at a 5.9% CAGR. This is also predicted to generate a revenue of $1094 million and more by 2026.
The key players in the blood coagulation testing market are:
Danaher
Abbott Laboratories
Bios stem S.A.
Helena Laboratories
Siemens
Hoffmann-La Roche
laboratory Corporation of America Holding
Sienco, Inc
A&T Corporation
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