POC Coagulation Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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POC Coagulation Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

Global POC Coagulation Testing Market: Overview

Point of care coagulation or POC coagulation testing analyzers measures the prothrombin time. These are self-testing machines that are used by the patients at home to test their prothrombin levels. Prevalence of a broad range of blood disorders has led to the development of cardiovascular co-morbidities in patients. They are often prescribed anti-thrombotic drugs to prevent the onset of severe events such as a sudden increase in the level of blood coagulation. POC coagulation testing helps the patients to monitor such incidences and keep things in check. This testing is generally popular among patients suffering from cardiovascular disorders and those who undergo cardiovascular surgeries such as angioplasty and cardiac bypass among others.

Global POC Coagulation Testing Market: Notable Developments

Some of the key developments that have influenced the global POC coagulation testing market in recent years:

  • Recently, Siemens Healthcare AG launched a new product called Xprecia Stride Coagulation Analyzer. This product offers primary and urgent care and is highly reliable for the PT/INR testing for oral anticoagulation therapy. The company claims this POC coagulation testing device can deliver lab accuracy.
  • In August 2019, Siemens Healthcare AG announced that the company is well placed to acquire Corindus, a forerunner in the robotic-assisted vascular interventions. This takeover is strategically important for Siemens Healthcare to enhance its Advanced Therapies business including its foothold in the POC coagulation testing market. The overall value of the deal is expected to be around US$1.1 billion.
  • In February 2019, a key player in the global POC coagulation testing market, Danaher, announced that it has acquired the biopharma business of GE Life Sciences. The overall value of the deal is around US$21.4 billion. This acquisition is expected to significantly transform the strengths of Danaher in terms of its product development, research, and manufacturing0020workflows.

Global POC Coagulation Testing Market: Drivers and Restraints

There is a wide array of factors that are influencing a positive growth of the global POC coagulation testing market. Some of them are mentioned below:

  • Faster Results: The whole point of development of POC products is to reduce the turn-around time. It is especially important in cases of cardiovascular disorders. With these devices, patients get faster results and are better equipped to monitor their and act in case of any emergency. This is thus driving the uptake of the POC coagulation testing market.
  • Automatic data Uploading: Another important feature that is upscaling the popularity of the global POC coagulation testing market is the automatic uploading of data. Patients don’t have to worry about the manual login and entering the data (that has chances of errors).
  • Increasing demand: There has been a growing demand for such POC coagulation testing devices across the globe especially for pre-operative and post-operative screening. This is also fueling the growth of the market.

Global POC Coagulation Testing Market: Geographical Outlook

The global POC coagulation testing market is segmented into key areas such as North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. Of these, the global market is expected to be dominated by North America region in the coming years. This is because of the swift availability of latest products, highly developed healthcare infrastructure, and growing awareness among patients. The Asia Pacific segments are projected to show a considerable rate of growth during the forecast period due to the presence of developing economies that are working to strengthen their healthcare and pharma sector.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?