According to FutureWise analysis the market for coagulation testing in 2023 is US$ 3.85 billion, and is expected to reach US$ 9.14 billion by 2031 at a CAGR of 11.4%.
Blood the conversion of a fibrinogen, a soluble plasma protein, into a fibrin, a solid gel, results in a change in the physical properties of the blood. A coagulometer is used to examine the ability of the blood to clot as well as the time it takes for the blood to clot. Medical treatments that check the hemostasis system are known as coagulation tests. This test is performed with a coagulometer, which measures and analyses the rate at which clots form or blood coagulates. These tests lower the risk of heart attack, thrombosis, and embolism by detecting the presence of blood clots in blood arteries. Hemophilia, thrombophilia, and liver disorders, among other things, can induce coagulation issues. Complete blood count, thrombin time, fibrinogen level, platelet count, and other coagulation tests are some of the most prevalent. Increased prevalence of blood disorders and cardiovascular diseases, rise in geriatric population, high demand for point of care (POC) coagulation testing, and technological advancements such as faster and easier-to-use devices with advanced sensors technology are all contributing to the growth of the coagulation testing market. High device costs and severe regulatory reforms, on the other hand, may limit industry expansion. During the projected period, the high demand for disposable coagulation testing products, as well as the availability of coagulation testing products in online retailers, would present attractive market growth possibilities.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Coagulation Testing Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Coagulation Testing Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.