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Coagulation Testing Market Size to Hit $8.8 Billion by 2031 | Current Trends and Industry Analysis

Coagulation testing is a type of blood test that evaluates a patient’s blood’s clotting capacity and clotting time. Clotting problems can result in excessive bleeding or clotting, both of which can be fatal. If the doctor thinks the patient has clotting issues, coagulation testing is prescribed. There are several inherited and acquired bleeding disorders, the most prevalent of which include haemophilia, blood factor deficiencies, and others. It is crucial to recognize bleeding disorders and keep a watch on the coagulation status since they can lead to abnormal bleeding. The global market for coagulation testing is growing significantly as a result of surge in prevalence of blood clotting issues in many regions and the rise in cardiovascular illnesses, which can also call for routine coagulation testing. These two factors are driving up the demand for coagulation testing market growth.

Coagulation testing market size was valued at $3.1 billion in 2021, and is estimated to reach $8.8 billion by 2031, growing at a CAGR of 11.5% from 2022 to 2031.

Some of the key players involved in the Market are:

Alere Inc., Sysmex Corporation, F. Hoffmann-La Roche Ltd., Nihon Kohden Corporation, Helena Laboratories, Micropoint Biosciences, Diagnostica Stago Sas, Medtronic plc, Abbott Laboratories, Thermo Fisher Scientific Inc.

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The coagulation testing market can be segmented based on various factors. Here are some common segmentation criteria:

  1. Test Type: Coagulation testing can be categorized into different types based on the specific aspect of the coagulation process being assessed. This includes tests such as prothrombin time (PT), activated partial thromboplastin time (aPTT), thrombin time (TT), fibrinogen level, D-dimer, and platelet function tests.
  2. Technology: Coagulation tests can be conducted using various technologies and methodologies. The market can be segmented based on the technology employed, such as optical technology, mechanical methods, electrochemical methods, and immunological methods.
  3. End User: The coagulation testing market can be segmented based on the end users or healthcare settings where these tests are performed. This includes hospitals, diagnostic laboratories, clinics, and research institutes.
  4. Product: Coagulation testing involves the use of different products and instruments, including analyzers, reagents, and consumables. The market can be segmented based on the specific product category or brand.
  5. Geography: Geographical segmentation is another way to categorize the coagulation testing market. It allows for analysis of the market based on different regions or countries, taking into account variations in healthcare infrastructure, prevalence of coagulation disorders, and regulatory factors.

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Last Updated: 02-Jun-2023