Market Research Report
Global POC Coagulation Testing Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||905967|
|Published||Content info||124 Pages
Delivery time: 1-2 business days
|Global POC Coagulation Testing Market 2019-2023|
|Published: August 5, 2019||Content info: 124 Pages||
POC coagulation testing involves the use of portable and handheld coagulation testing devices that offer healthcare professionals and patients reliable and quick coagulation monitoring capabilities irrespective of their location. Technavio's POC coagulation testing market analysis considers sales from both homecare and hospitals and clinics. Our analysis also considers the sales of POC coagulation testing in Asia, Europe, North America, and ROW. In 2018, the hospitals and clinics segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the use of POC coagulation testing analyzers during perioperative procedures will play a significant role in the hospitals and clinics segment to maintain its market position. Also, our global POC coagulation testing market report looks at factors such as the growing adoption of POC testing devices, significant consumption of anticoagulant drugs, and rising demand for coagulation monitoring in preoperative and postoperative screening. However, high cost of POC analyzers and reagents in coagulation testing, stringent government regulation on POC coagulation testing products, and concerns related to variability in accuracy and precision may hamper the growth of the POC coagulation testing industry over the forecast period.
Anticoagulant drugs, also known as blood thinners, helps to reduce the chances of atrial fibrillation-related heart strokes by about 75%. The increasing consumption of these drugs is driving the need for coagulation testing procedures to monitor blood clotting. This demand will lead to the expansion of the global POC coagulation testing market at a CAGR of over 6% during the forecast period.
The development of automated POC coagulation testing products is increasing due to surging demand for faster turnaround times, automatic data uploading, and minimal human efforts. This has helped medical practitioners to perform rapid testing with minimal intervention. The automation in POC coagulation testing products is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global POC coagulation testing market during the forecast period 2019-2023, view our report.
With the presence of several major players, the global POC coagulation testing market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading POC coagulation testing manufacturers, that include Abbott Laboratories, Danaher Corp., F. Hoffmann-La Roche Ltd., Medtronic Plc, and Siemens Healthineers AG.
Also, the POC coagulation testing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key leading countries