Market Trends of Global Coagulation Analyzers Industry
This section covers the major market trends shaping the Coagulation Analyzers Market according to our research experts:
D-Dimer Testing Segment is Expected to Dominate the Market During the Forecast Period
Over the projected period, the D-dimer testing market is anticipated to have a considerable share in the studied market in the test type segment. One of the protein fragments created when a blood clot dissolves in the body is called D-dimer. Unless the body is creating or destroying blood clots, at which point its level in the blood might drastically rise, it is typically undetectable or only detectable at extremely low levels. Numerous studies show a connection between increased d-dimer and t-PA antigen levels and the risk of coronary heart disease (CHD). For instance, a study published in December 2020 called "D-dimers are associated with coronary artery disease severity assessed using Syntax and Syntax II scores in patients with ST-elevation myocardial infarction" found a correlation between elevated D-dimer levels and the severity of coronary artery disease (CAD).
The demand for D-Dimer analysis tools is anticipated to rise as fatalities from cancer, coronary heart disease, and cardiovascular disease are likely to rise. These instruments may aid in a better understanding of the diseases. As a result, these studies show that D-dimer testing is highly necessary, which increases the demand for coagulation analyzers. Additionally, a number of newer goods are being released, which is promoting the segment's growth. For instance, a medical device firm called Trivitron Healthcare introduced a new line of coagulation analyzer instruments made by Diagon Ltd. in October 2021. High-throughput specifications are offered by the product, including the crucial D-Dimer test for COVID-19. The segment is therefore anticipated to experience significant expansion throughout the forecast period as a result of the aforementioned factors.
North America is Expected to Dominate the Coagulation Analyzers Market
North America region is expected to hold a significant share in the market. The major factors fueling the market's growth are the increasing prevalence of chronic blood disorders, increasing laboratory automation, and the implementation of strategic initiatives by the market players. For instance, according to a February 2020 update by the Centers for Disease Control and Prevention (CDC), it is unknown how many people in the United States are affected by deep vein thrombosis, although that figure could reach 900,000 (1 to 2 per 1,000). Estimates from the same source state that 60,000-100,000 Americans perish from venous thromboembolism per year. In light of these figures, there is a greater requirement for early detection of blood abnormalities, which will increase the need for coagulation analyzers in the area and ultimately fuel market expansion. Additionally, a number of industry participants are implementing strategic plans, which is helping the market expand. For instance, the American company Haemonetics Corporation bought Enicor, the creator of a blood coagulation diagnostic system, in April 2020. Similar to this, the Stop Lab Cuts campaign was started by the American Clinical Laboratory Association (ACLA) in July 2022 with the goal of enhancing the clinical laboratory infrastructure to facilitate the provision of normal patient care. By revealing the necessary infrastructure and increasing funding in the nation, such efforts are likely to accelerate market expansion.Thus, due to the above-mentioned factors, the market is expected to witness significant growth over the forecast period.
