Global Hemostasis Diagnostics Market

By Author: Rupali Dagade
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Global Hemostasis Diagnostics Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 8.2% during forecast period.

Global Hemostasis Diagnostics Market Overview:

Hemostasis diagnostics are instruments that assist in the detection of hemostatic defects that result in excessive bleeding. Hemostasis is a protective mechanism that the body uses when it is injured. It slows blood loss and stops blood flow.

Global Hemostasis Diagnostics Market Dynamics:

Hemophilia affected about 400,000 people in 2019, according to the National Hemophilia Foundation. And about 75% of people with haemophilia around the world either receive insufficient care or do not have access to treatment. As a result, the market's growth is influenced positively. The rising incidences of blood clotting diagnosis for patients, particularly those who are more vulnerable to losing excess blood from their bodies during surgeries, is one of the major factors driving the market's growth. The increased risk of older people being diagnosed with a disease is pushing up the number of operations involving hemostasis devices, ...
... such as for cardiovascular diseases (CVD). As the prevalence of diseases increases with age, the number of surgeries performed on elderly patients is increasing.

During the forecast period, the market is expected to grow in demand due to the rising demand for technological advances in medical care. Government funding and increased testing, as well as rising incidences of blood clotting diagnosis for patients and a growing trend in laboratory automation, will all contribute to market development. Hemostasis diagnostics have also been automated, making them less labour intensive, faster, and easier to use. Blood coagulation analyzers, flow cytometers, microarrays, and PCR are examples of current automated technologies. The use of these technologies in combination has improved yield and productivity.

The report has profiled seventeen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology is analyzed and report has come up with recommendations for a future hot spot in APAC region.

Global Hemostasis Diagnostics Market Segment Analysis:

The Global Hemostasis Diagnostics Market is segmented on the basis of Product Type, Test Type and End-Users.

Based on Product Type, Point-of-care testing systems segment is expected to hold dominant market share during the forecast period. Patients and clinicians are becoming more receptive to the use of point-of-care diagnostic tests, and rising patient awareness of POC processes is fueling the market growth. In addition, one of the segmental drivers is the effective use of POC instruments for diagnosis by minimally trained professionals. POC development projects are also supported by a number of private institutions, including the California Institute of Technology, Dartmouth College, and international organizations. The American Association for Clinical Chemistry, for example, launched a certification program for POC research practitioners in August 2018 to help them develop their diagnostic testing outside of clinical laboratories. As a result, the segment is likely to grow during the forecast period.

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Global Hemostasis Diagnostics Market Regional Insights:

North America holds the leading share

Because of the high prevalence of cardiac diseases, high healthcare expenditure, increasing knowledge for hemostasis diagnostics, and well-established healthcare infrastructure, North America holds the leading share in the hemostasis diagnostics market. Furthermore, the rising prevalence of a variety of blood clot disorders is driving up demand for hemostasis diagnosis. According to the data published by the National Hemophilia Foundation, nearly 20,000 Americans were diagnosed with haemophilia in 2019, boosting the demand in North America.

Asia Pacific is expected to witness fastest growth during forecast period.

Rising income levels in emerging economies such as China and India are leading to increased healthcare expenditure, Asia Pacific is expected to outperform all other regions in terms of growth. Furthermore, the proliferation of lifestyle-related diseases such as cancer, diabetes, and heart disease have resulted from evolving lifestyles.

The report also helps in understanding Global Hemostasis Diagnostics Market dynamics, structure by analyzing the market segments and project the Global Hemostasis Diagnostics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Hemostasis Diagnostics Market make the report investor’s guide.

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Global Hemostasis Diagnostics Market Scope: Inquire before buying

Global Hemostasis Diagnostics Market, by Region

• North America
• Europe
• South America
• MEA
• APAC

Global Hemostasis Diagnostics Market, Key player

• Abbott Laboratories
• Thermo Fisher Scientific, Inc.
• F. Hoffmann-La Roche Ltd.
• Nihon Kohden Corporation
• Sysmex Corporation
• Siemens Healthineers
• Instrumentation Laboratory
• Danaher Corporation (Beckman Coulter)
• Grifols
• Alere Inc.
• Roche Diagnostics
• International Technidyne Corporation
• Haemonetics Corporation
• Beckman Coulter Inc.
• Helena Labor
• Chrono-Log
• Axis-Shield

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