GLOBAL INDUSTRY INSIGHT: Coagulation Testing Market Trends, Size, Share, Development, Growth

and Demand Forecast to 2020

Coagulation Testing Market Size, Share, Development, Growth

and Demand Forecast to 2020

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.

The stringent regulations for the approval of coagulation testing devices, high cost of fully

automated hemostasis equipment, and risk of side-effects associated with blood testing are

restraining the growth of the global market. Moreover, the lack of awareness about innovative and

advanced applications of coagulation testing devices and slow adoption of advanced hemostasis

instruments are also hindering the growth of the market, especially in the developing countries.

However, the countries such as China and India are expected to witness considerable growth

during the forecast period, due to growing geriatric population and increasing incidences of blood

clotting disorders.

North America and Europe are the major markets of coagulation testing, due to rapid launch of

anticoagulants, increasing incidences of blood clotting disorders, and growing demand for

coagulation testing devices. The U.S., followed by Canada is the largest market for coagulation

testing in North America. Whereas, Germany, the U.K., France, and Italy are some of the major

countries holding significant shares in the European market.

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Coagulation Testing Market Size, Share, Development, Growth

and Demand Forecast to 2020

The Asian market is growing with a significant rate, owing to increasing prevalence of blood

disorders, growing aging population, and increasing healthcare spending in the region. In addition,

the initiatives taken by various government associations to raise awareness about various blood

disorders and its management are also supporting the growth of the Asian coagulation testing

market. The countries, such as India, Japan, and China are the major markets in the region.

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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report/healthcare

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.

Coagulation Testing Market Segmentation

By Test

Complete Blood Count (CBC) Factor V Assay Fibrinogen Level Prothrombin Time (PT or PT-INR) Platelet Count Thrombin Time Bleeding Time Others

By Provider

Hospitals Commercial/Private Laboratories Physician Offices Ambulatory Care Centers

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Coagulation Testing Market Size, Share, Development, Growth

and Demand Forecast to 2020

By Geography

North America o U.S. o Canada

Europe o Germany o France o U.K. o Spain o Italy

Asia o Japan o China o India

Latin America o Brazil

Rest of the World

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Coagulation Testing Market Size, Share, Development, Growth

and Demand Forecast to 2020

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