The global market for coagulation testing was worth US$1,730 million in 2016, and is expected to end up at a valuation of US$3,715.8 million by 2025.
Albany, NY -- (SBWIRE) -- 09/29/2017 -- With the growing prevalence of blood clotting disorders in many regions, the demand for coagulation testing has been rising consistently. According to the findings of the latest study, the global coagulation testing market is witnessing significant growth, the rise in cardiovascular disorders, which can also require regular coagulation testing is one of the prime factors for this market. In order to provide users with a comprehensive view of the market, the study titled "Coagulation Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025" has been freshly broadcasted to the wide repository of Market Research Hub (MRH). This 177-pages study provides a comprehensive analysis of the current as well as future growth prospects for the market. Moreover, the primary regions are analyzed in order to evaluate the impact of the different factors mentioned in the research report.
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Blood testing measuring the blood's ability to clot and the time is taken for the same is known as coagulation testing. Coagulation testings are essential for evaluating bleeding patients, including patients scheduled for surgery or during postsurgical care. Presently, due to rise in awareness amongst people about the importance of detecting and monitoring their coagulation status, high prevalence of cardiovascular diseases, and the availability of a favorable reimbursement scenario have given a positive impact on its global market. As per the study key findings, global market for coagulation testing was worth US$1,730 million in 2016 and is expected to exhibit a solid 9% CAGR in the 2017-2025 forecast period to end up at a valuation of US$3,715.8 million.
Geographically, key regions highlighted in the study are Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. For each regional segment, the market size for future years has been analyzed which is based on revenue and development for the forecast period of 2017 to 2022. Of these, North America and Europe are the major regions where revenue is derived from coagulation testing. The report includes revenue generated from sales of coagulation testing in all regions and important countries in the regions.
Further, the global coagulation testing market has been segmented by product type, test type and various end-users. Based on product type, it includes instruments and consumables. On the basis of test type the coagulation testing market is segmented into TT, PT, APTT, ACT and others. Amongst, PT test segment accounted for the highest share, accounting for over 70% of the coagulation testing market in 2016, finds study. Major end-users are hospitals and clinics, diagnostic laboratories, home care settings and others. The diagnostic laboratories segment is anticipated to expand at a fast CAGR throughout the forecast period.
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Moreover, the analysts have included detailed competitive analysis and market players with unique selling propositions. Some of the key players in the global coagulation testing market include Siemens healthineers, Alere Inc., F. Hoffmann-La Roche Ltd., Abbott Laboratories, Helena Laboratories, Inc. SYSMEX CORPORATION, Universal Biosensors, Inc., HemoSonics, LLC, and others.
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