Coagulation Testing Market Trends, Share, Growth and Forecast to 2023

Posted by Aryan on June 12th, 2018

The increasing prevalence of various blood clotting disorders, such as deep vein thrombosis (DVT), hemophilia and thrombophilia, and growing aging population around the world are the predominant growth drivers for the global coagulation testing market. Additionally, the technological advancements in coagulation testing devices and initiatives taken by various government associations to raise awareness about various blood disorders and its management are also driving the growth of the market. The increasing numbers of mergers and acquisitions is one of the major trends observed in the market. In terms of testing service providers, hospitals hold the largest share in the global coagulation testing market.

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Coagulation testing procedures are used to measure the ability of blood to develop clot in blood vessel. Testing helps doctors to assess the risk of excessive bleeding and developing clots, also known as thrombosis, in blood vessels. Various types of coagulation tests exists, and the major types include complete blood count (CBC), fibrinogen level, Factor V assay, prothrombin time (PT or PT-INR), platelet count, thrombin time, and bleeding time.

Apart from these regions, Latin America is another important market for coagulation testing. This is due to increasing R&D investments in the manufacturing of coagulation devices and anticoagulants in low manufacturing cost regions, including Latin America.

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Some of the major players operating in the global coagulation testing market include Alere Inc., Thermo Fisher Scientific Inc., Sysmex Corporation, Siemens AG, F. Hoffmann-La Roche AG, Abbott, Axis-Shield Diagnostics Ltd., Danaher Corporation, Becton, Dickinson and Company, Bio/Data Corporation, and Chrono-Log Corporation.