The Global Coagulation Analyzers Market will be Valued at $3.58 Billion in 2019 - MarketsandMarkets
(PRWEB) March 31, 2015 -- The report “Coagulation/Hemostasis Analyzer Market By product (Automated, POC), Consumables (Reagents, Standards), Test Type (APTT, Prothrombin Time/INR, D-Dimer, Fibrinogen), Technology (Mechanical, Optical), End Users (Research Institute, Hospital)–Forecast to 2019” analyzes and studies the major market drivers, restraints, opportunities and challenges in North America, Europe, Asia-Pacific and the Rest of the world (RoW).
The global coagulation analyzers market is expected to reach $3.58 billion by 2019 from $2.4 billion in 2014, growing at a CAGR of 8.3% from 2014 to 2019.
The report segments the coagulation analyzers market based on the type of product, test type, technology, end user and geography. Among Product type clinical laboratory segment accounted for the largest share in 2014. In addition to this, among clinical laboratory segment, the consumables segment is expected to account for the largest share in 2014. Also, this segment is expected to grow at the highest CAGR in the forecast period. Various factors such as growing adoption of advanced hemostasis instruments and growing demand from emerging countries are driving the growth of this market.
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A number of factors such as the development of high-throughput hemostasis analyzers, increasing adoption of automated hemostasis instruments by diagnostic laboratories, technological advancements and developments in high sensitivity point-of-care (POC) hemostasis testing are propelling the growth of the global coagulation analyzers market. On the other hand, slow adoption of advanced hemostasis instruments in emerging economies and high cost of coagulation analyzers are restricting the growth of the global coagulation analyzers market.
Based on geography, the global coagulation analyzers market is dominated by North America, followed by Europe, Asia-Pacific and the Rest of the World (RoW). North America is expected to account for the largest share of the market in 2014, while Asia-Pacific is likely to witness the highest growth in this market. A number of factors, including developing healthcare infrastructure, presence of a large patient population, increasing funding/investments towards the development of hemostasis products and growing focus of both international and domestic players on emerging Asia-Pacific countries are stimulating the growth of the coagulation analyzers and reagents market in this region.
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