Coagulation/Hemostasis Analyzer Market to grow with a Growth Rate of 9.8% during 2016 to 2021 | Market Data Forecast

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The Global Coagulation/Hemostasis Analyzer Market was worth USD 2.8 billion in 2016 and estimated to be growing at a CAGR of 9.8%, to reach USD 4.47 billion by 2021. Coagulation testing methods are used for checking the diagnostics of hemostasis. Hemostasis can be defined as the process in which bleeding is stopped from a blood vessel. Coagulometer is the instrument used in analysing the coagulation system in a medical laboratory. Most of the methods used in the laboratories today were developed more than fifty years ago.

All the medical tests for testing coagulation systems can broadly be divided into two types, global tests and local tests. Global tests produce the results for the whole clotting cascade. Examples of global tests include Thromboelastography, Thrombin generation test and Thrombodynamics test. They play the key role during the first stage of diagnostics by providing a detailed analysis of the coagulation cascade. Local tests generate the results of separate components of blood coagulation cascade. Examples include Prothrombin time test and Partial Thromboplastin time.

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The Global Coagulation/Hemostasis Analyzer market is driven by factors such as rising geriatric population, rising number of people suffering from chronic blood disorders, poor lifestyle choices, growing incidence of chronic diseases and increase of foreign investments among others. High rate of expansion of hospitals and healthcare centres is also propelling the growth of this market in developing nations of Asia-Pacific.

The Global Coagulation/Hemostasis Analyzer market is divided on the basis of test into ACT, aPTT, d dimer testing, platelet function test, prothrombin time testing, anti-factor Xa test, heparin and protamine dose response test for ACT, fibrinogen testing  and other coagulation tests. Prothrombin time testing has the largest market share in this segment and is also the fastest growing due to increasing automation of this process in laboratories. On the basis of product, the market is divided into PoC testing analyzers and clinical laboratory analyzers. Clinical laboratory analyzers has the largest market in this segment. By end users, the market is categorized into clinical laboratories, PoC and others. Clinical laboratories has the largest share in the segment. By technology, the market is segmented into electrochemical, optical, mechanical and other technologies. Optical segment has the largest market share and is also the fastest growing in this segment.

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The Global Coagulation/Hemostasis Analyzer market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America holds the largest market share in the world due to rising geriatric population and rising incidence of chronic blood disorders. Europe is expected to have the second largest share. Asia-Pacific is expected to have the fastest growth as a result of huge number of patients, booming economy and poor lifestyle choices.

Some of the major players in the market include  Siemens AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Roche Diagnostics (Switzerland), Alere Inc. (U.S.), Sysmex Corporation (Japan), Helena Laboratories (U.S.), Instrumentation Laboratory (U.S.), International Technidyne Corporation (U.S.), Nihon Kohden Corporation (Japan) and Diagnostica Stago (France).

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