Coagulation analysis helps physicians diagnose the source of unexplained thrombosis or bleeding in patients. Extensive research and development efforts have led to the development of highly reliable coagulation analyzers in the recent past and the global market continues to witness the introduction of high precision and advanced product varieties at a steady pace. According to a recent report from TMR Research, the global coagulation analyzer market is expected to display double-digit growth rate in the near future.
The global coagulation analyzer market is classified on the basis of product, technology, test type, end-use, and geography. End users of this market include hospitals, clinical laboratories, patient self-testing centers, and others.
The rising prevalence of a number of chronic health conditions across the globe is catalyzing the increased usage of coagulation analyzers across clinical laboratories and hospital laboratories. Other factors that are driving coagulation analyzer market growth include:
- increasing population base across the world suffering from chronic blood diseases
- lifestyle associated disorders
- rising geriatric population
- increasing foreign investments in developing economies
The report identifies the main barrier to the growth of the market as stringent regulations for the approval of medical devices, which restrict small players from entering the marketplace.
Due to the increasing testing volume and development of new assays, consumables are expected to account for a significant share of the market in the future. Optical technology is projected to exhibit the highest share of the market during the forecast period.
Owing to favorable healthcare norms combined with the rising prevalence of cardiometabolic disorders such as pulmonary embolism (PE) and deep vein thrombosis (DVT), North America is the largest regional market for coagulation analyzers and is expected to contribute substantial revenue to the global market in the near future. Factors such as the presence of an adequate number of hospitals, clinics, and health centers backed by skilled healthcare personnel that are equipped to deliver safe and effective services are expected to boost this market's growth in the Middle East and Africa regional segment.
The leading industry players mentioned in this market report are: Siemens Healthcare, Instrumentation Laboratory, Roche Diagnostics, Thermo Fischer Scientific, Sysmex Corporation, International Technidyne Corporation, Alere Inc., Beckman Coulter Inc., and NIHON KOHDEN.