It is projected that the coagulation markers market would grow to US$ 1.16 billion by 2023. Acute venous thromboembolism and burn injuries are two disorders that are expected to cause the market to develop at a 6.3% compound annual growth rate (CAGR) and reach US$ 2.22 billion by 2033. The prevalence of coagulation disorders is on the rise, and advances in coagulation diagnostic technology have led to growth in the market.
Coagulation disorders, such as venous thromboembolism, atrial fibrillation, and bleeding disorders, are predicted to become more common in the future due to a variety of variables, including an ageing population and an increase in the frequency of lifestyle-related risk factors. As a result, the demand for coagulation markers for early identification, monitoring, and management of these disorders will increase.
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Technological advancements have been critical in the expansion of the coagulation markers market. The introduction of automated coagulation analyzers, point-of-care testing equipment, and better reagents and assays has increased coagulation testing accuracy, speed, and convenience. Because these technical improvements have made coagulation testing more accessible to healthcare practitioners, the market has grown.
The trend towards personalized treatment has also had an influence on the market for coagulation indicators. Tailoring treatment strategies based on unique patient features, such as coagulation indicators, is becoming more popular. The use of coagulation indicators to inform personalized treatment decisions, such as anticoagulant medication dose change, has aided market expansion.
Coagulation indicators have applications that extend beyond clinical diagnosis and patient management. They are widely employed in scientific investigations and medication development initiatives. Coagulation indicators aid in the evaluation of medication efficacy, the monitoring of drug safety, and the assessment of the risk-benefit profiles of novel medicines. The pharmaceutical industry's emphasis on producing anticoagulant and thrombolytic medications has fueled demand for coagulation indicators even more.
Key Takeaways:
• The coagulation markers industry in the United States is predicted to reach US$ 731.3 million by 2033, increasing at a 7.3% CAGR.
• The coagulation markers industry in the United Kingdom is estimated to reach a market size of US$ 160.8 million, expanding at a CAGR of 9.4% by 2033.
• During the forecast period, the coagulation markers industry in China is expected to reach a market value of US$ 276.6 million, securing a 9.0% CAGR.
• The coagulation markers industry in Japan is predicted to reach US$ 127.3 million by 2033, increasing at a 6.6% CAGR.
• South Korea's coagulation markers industry is predicted to achieve a market value of US$ 74.1 million, rising at a 5.9% CAGR during the forecast period.
• With a CAGR of 5.4% from 2023 to 2033, the D-dimer assay is expected to dominate the coagulation markers industry.
• With a CAGR of 6.2% from 2023 to 2033, the plasma is expected to dominate the coagulation markers industry.
• With a CAGR of 5.4% from 2023 to 2033, the ELISA is expected to dominate the coagulation markers industry.
• With a CAGR of 6.7% from 2023 to 2033, the Disseminated Intravascular Coagulation (DIC) is expected to dominate the coagulation markers industry.
• With a CAGR of 6.0% from 2023 to 2033, the clinical use is expected to dominate the coagulation markers industry.
• With a CAGR of 7.4% from 2023 to 2033, the hospitals is expected to dominate the coagulation markers industry.
How Does the Competition Look in the Coagulation Markers Market?
The market for coagulation markers is quite competitive, with numerous companies vying for market share. Several significant participants in this industry comprise Accuquik Test Kits, CTK Biotech, Inc., Siemens Healthcare Private Limited, Quidel Corporation, Eurolyser Diagnostica GmbH, Goldsite Diagnostics Inc, Diazyme Laboratories, Inc, Hipro Biotechnology Co.,Ltd.among other companies.
The main corporations are investing extensively in R&D projects to develop inventive and creative products with improved reliability, efficacy, and cost. In order to meet changing consumer expectations, they are also concentrating on extending their product portfolio and bolstering their distribution strategies.
Industry-wide, tactical alliances and partnerships with other businesses are more frequent, enabling parties to capitalize on one another's advantages and increase their market power.
Leading companies employ mergers and consolidation to expand into new markets and improve their market share. In emerging markets, particularly in China and India, the sector is rapidly growing.
To boost their presence in these regions, major companies are expanding their distribution networks and building regional manufacturing sites. They are also concentrating on offering cost-effective solutions to customers in these markets in order to get a competitive advantage.
Key Players in the Coagulation Markers Industry
• Accuquik™ Test Kits
• CTK Biotech, Inc.
• Siemens Healthcare Private Limited
• Quidel Corporation
• Eurolyser Diagnostica GmbH
• Goldsite Diagnostics Inc
• Diazyme Laboratories, Inc
• Hipro Biotechnology Co.,Ltd.
Key Developments:
• On Jan. 20, 2023, Diazyme Laboratories, Inc. and Carolina Liquid Chemistries Corp. to reveal a partnership to increase the testing menu for the Diazyme DZ-Lite c270 tabletop clinical chemistry analyzer.
Coagulation Markers Market Segmentation:
By Product:
• D-dimer Assay
• Fibrinogen Assay
By Sample Type:
• Plasma
• Whole Blood Sample
• Other
By Technology:
• Fluorescence Immunoassay
• ELISA
• Rapid Test
• Particle-enhanced Immunoturbidimetric assay
By Application:
• Deep Venous Thrombosis (DVT)
• Pulmonary Embolism (PE)
• Disseminated Intravascular Coagulation (DIC)
• Trauma
• Others
By Purpose:
• Clinical Use
• Research Use Only
By End User:
• Hospital
• Specialty Clinics
• Academic and Research Institute
• Diagnostics Laboratories
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
