The ‘Global Point of Care Coagulation Testing Devices Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global point of care coagulation testing devices market, assessing the market based on its segments like device types, end-uses, and regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Point of Care Coagulation Testing Devices Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.10%
Point of care coagulation diagnostics is preferred more than traditional coagulation analysers to control the phase of blood coagulation amongst patients experiencing bleeding disorders. Point of care coagulation testing devices also enable clinicians to swiftly evaluate the coagulation status of patients in real-time, due to which their demand in various clinical settings, including cardiac surgery, burns, and trauma, among others, is growing.
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There is a rise in the demand for homecare coagulation testing to examine the status of the disorder in patients suffering from diseases like VWD and haemophilia, which is bolstering the point of care coagulation testing devices market growth.
Additionally, organisations are continuously investing to develop innovative and easy-to-use point of care devices for analysing coagulation disorders at home. Hence, the introduction of portable and pioneering coagulation tools that can be easily used by patients with no requirement for professional assistance is favouring the point of care coagulation testing devices market.
Point of Care Coagulation Testing Devices Industry Definition and Major Segments
Point-of-care testing or POCT refers to a particular rapid testing procedure of bodily liquids of patients at their bedside. Point of care coagulation testing devices are tools that assist in the examination of coagulation conditions in patients instantly and in real-time. Certain point of care coagulation testing devices comprises blood gas evaluation, viscoelastic coagulation tests, platelet function tests, and several other coagulometers. These devices assist in evaluating homeostasis and are used as tools for personalised, reason-based, and goal-directed replacement treatment.
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Based on device type, the point of care coagulation testing devices market can be segmented into:
• Anticoagulation Monitoring Devices
• Platelet Function Monitoring Devices
• Viscoelastic Coagulation Monitoring Devices
On the basis of end uses, the market is classified into:
• Hospitals and Clinics
By regions, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Point of Care Coagulation Testing Devices Market Trends
Due to their capability of detecting pulmonary embolism or venous thromboembolism, the growing demand for Thromboelastography (TEG) is encouraging the development of the point of care coagulation testing devices market. Rising investments by key players to develop advanced point of care coagulation testing tools are also driving the market development.
Viscoelastic coagulation monitoring devices account for a significant share in the market. This can be associated with their clinical competence in delivering data reports on blood clots in all phases of coagulation, which results in effective haemostasis.
Owing to the rising implementation of advanced technologies in hospitals and clinics and the increasing availability of qualified medical specialists and technicians to use the point of care coagulation testing devices, the hospitals and clinics segments in the point of care coagulation testing devices market is witnessing a healthy growth.
Region-wise, North America holds a considerable share in the market due to the wide patient pool with bleeding conditions, the increasing adoption of technologically developed devices in hospitals and clinics, and robust healthcare infrastructure.
Key Market Players
The major players in the global point of care coagulation testing devices market are:
• Medtronic, plc
• Abbott Laboratories
• Siemens Healthineers AG
• F. Hoffmann-La Roche Ltd
• HemoSonics, LLC
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.