Coagulation Analyzers & Reagents Market to Grow at 10.2% CAGR From 2013 to 2024: Million Insights

FELTON, California, October 23, 2017 /PRNewswire/ --

The global coagulation analyzers & reagents market size was worth USD 3.3 billion in 2015 and is likely to grow at a CAGR of over 10.2% over the forecast period. The growth of this market is supported by increasing number of lifestyle disorders and chronic blood related disorders.

The increase in the volume of testing can be attributed to the augmented awareness among people towards lifestyle and blood disorders which is expected to further improve the diagnostic rate and preventive care management. The study covers developing countries which are undergoing paradigm shift and are highly investing government funds for the procurement and installation of these medical devices in the public healthcare facilities.

Analyzers are one of the most critical and important equipment used for diagnosis, currently owing to multiple factors and thus are expected to have a lucrative CAGR in the forecasted period. The major factors driving the growth of this segment are increasing incidences of the lifestyle disorders such as diabetes, cardiovascular disorders and obesity combined with developing healthcare infrastructure and spending on healthcare.

The factor expected to propel the growth of the diagnostics market, are providing timely and quality care to the patients which in turn is expected to hike the demand for hemostasis analyzers. The class of hemostasis analyzers recording the majority of the shares in 2015 is the clinical laboratory analyzers which are predominantly used in the hospitals for the hematological analysis of the patients on a daily basis.

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Over the period of forecast, optical technology is estimated to hold majority of the shares due to the increasing combination of photo optical method with immunologics and chromogenics. This combination has led to the development of multipurpose, high performance optical hemostasis analyzers.

In the context of test types, maximum shares were recorded to be held by the prothrombin segment followed by the APTT test segment in 2015. High popularity among the physicians for the aforementioned tests is responsible for the large shares.

The major drivers for the end-use segment of the coagulation analyzer market are rapid expansion in primary healthcare centers and hospitals, favorable government regulations in the healthcare facilities combined with availability of advanced equipment with capacity to perform high accuracy multiple tests.

North America held majority of the revenue shares in 2015 for the global market, which is around 35.0%. The major drivers for this region are increasing prevalence of disorders belonging to the cardio metabolic class like Pulmonary Embolism (PE), and Deep Vein Thrombosis (DVT) and presence of well-established healthcare services.

Major players in the market are namely Siemens Healthcare, Instrumentation Laboratory, and Roche Diagnostics, Alere, Inc., Thermo Fischer Scientific, and Nihon Kohden. Due to the easy global accessibility in this market, the major players are already present in across various countries and are competing to secure the higher market share.

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Market Segmentation: 

Product Outlook (Revenue, USD Million, 2013 - 2024) 

        • Analyzers

                • Clinical Laboratory Analyzers

                • Point of Care Analyzers

        • Consumables

                • Reagents

                • Stains

Technology Outlook (Revenue, USD Million, 2013 - 2024) 

        • Mechanical

        • Electrochemical

        • Optical

                • Photo optical/Chromogenic/Immuno

                • Others/Nephelometric

        • Others

Test Type Outlook (Revenue, USD Million, 2013 - 2024) 

        • APTT

        • D-Dimer

        • Fibrinogen

        • Prothrombin

        • Others

End-Use Outlook (Revenue, USD Million, 2013 - 2024) 

        • Hospitals

        • Research Institutes

        • Diagnostic Centers

        • Others

Regional Outlook (Revenue, USD Million, 2013 - 2024) 

        • North America

                • U.S.

                • Canada

        • Europe

                • UK

                • Germany

        • Asia Pacific

                • Japan

                • China

        • Latin America

                • Brazil

                • Mexico

        • MEA

                • South Africa

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