The global rapid coagulation testing market is expected to reach US$ 8.6 billion in 2032, growing at an astounding CAGR of 4.5% between 2022 and 2032. It is expected to be worth US$ 3.7 billion in 2022. The rise of smartphone-based blood coagulation tests in industrialised nations is expected to drive future demand for quick coagulation testing devices.
Quick coagulation testing is the rapid specialised examination of blood fluids at a person’s bedside. The widespread use of these tests for the management of perioperative coagulation is expected to boost market expansion.
They aid in the reduction of unnecessary transfusions and offer results in minutes. For this type of testing, two methods are commonly used: viscoelastic and aggregometry.
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Methods of viscoelastic fast coagulation are used to obtain thorough information about every aspect of coagulation, such as plasma and cellular components of whole blood. In contrast, the aggregometry rapid coagulation method is used to evaluate and monitor entire blood.
Rapid Coagulation Testing Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Rapid Coagulation Testing market.
Key Rapid Coagulation Testing Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Rapid Coagulation Testing market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Rapid Coagulation Testing Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Rapid Coagulation Testing market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Rapid Coagulation Testing Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Rapid Coagulation Testing market. As per the survey, Rapid Coagulation Testing sales will project steady growth over the forecast period.
- Rapid Coagulation Testing Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Rapid Coagulation Testing market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Rapid Coagulation Testing Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Rapid Coagulation Testing market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Rapid Coagulation Testing market.
Some of the prominent market players are profiled by FMI are:
- Entegrion, Inc.
- Abbott
- Danaher
- Medtronic
- Siemens Healthcare Private Limited
- F. Hoffmann-La Roche
- Sysmex Corporation
- Universal Biosensors
- Helena Laboratories
- Rapid Diagnostics Group of Companies
- Thermo Fisher Scientific
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Key Segments Profiled in the Rapid Coagulation Testing Industry Survey
Product Type:
- Instruments
- Coagulation Analyzers
- Cartridges
- Accessories and Disposables
- Calibrators and Controls
- Reagents
By Method Type:
- Aggregometric
- Viscoelastic
By End User:
- Hospitals
- Clinics
- Diagnostic Laboratories
- Home Care Settings
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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