Global Coagulation Analyzer Market Report and Forecast 2024-2032

Global Coagulation Analyzer Market Size

The global coagulation analyzer market was valued at USD 4.5 billion in 2023, driven by increasing incidence of blood disorders across the globe. The market is expected to grow at a CAGR of 6.29% during the forecast period of 2024-2032, with the values likely to reach USD 7.8 billion by 2032.

Global Coagulation Analyzer Market Outlook

• The demand for coagulation analyzer is on the rise, intended to combat the blood disorders. There is approximately 100,000 blood clot-related deaths annually.

• One of the major market trends includes rising mergers between key companies to provide optimized imaging solutions for patients.

• North America region is expected to experience substantial growth in the forecast period.

Global Coagulation Analyzer Market Overview

Coagulation analyzer is a device that measures and evaluates the coagulation system of the blood and access the risk of clotting or bleeding. It helps to avoid the risk of embolism, heart attack, hemophilia, and thrombosis by detecting the presence of clots in the blood vessels. Nearly 900,000 people are affected by blood clots annually. There are various types of coagulation analyzers in the market. To name a few, there are automated coagulation analyzers and semi-automated coagulation analyzers.

Global Coagulation Analyzer Market Growth Drivers

Surge in Product Launches to have a Significant Impact on the Market Landscape

With rising incidence of coagulation disorders, the market has been witnessing an influx of analyzers to provide enhanced patient outcomes. In February 2023, Siemens Healthineers and diagnostic services firm Unilabs formed a multi-year strategic agreement valued at more than EUR 200 million. Through this agreement, Siemens Healthineers committed to install high- and mid-volume immunoassay, clinical chemistry analyzers, sample handlers, hemostasis analyzers, and automation solutions. While Unilabs acquired more than 400 laboratory analyzers to improve its laboratory infrastructure and enhance its laboratory operations and throughput.

Growth in Strategic Partnerships and Mergers to Meet Rising Coagulation Analyzer Market Demand

In February 2023, Siemens Healthineers signed a global (Original Equipment Manufacturers) OEM agreement on hemostasis products with Sysmex Corporation. Under this, the company aimed at supplying their products in the diagnostic field of hemostasis on an OEM basis. The organizations offered products used in testing for blood clotting disorders, preoperative bleeding risk management, and the monitoring of patients receiving anticoagulant therapy medications. This represents a significant partnership in the medical diagnostics industry.

Global Coagulation Analyzer Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

Global Coagulation Analyzer Market Segmentation

Market Breakup by Product Type

• Instruments/Analyzers

• Reagents

• Consumables

• Others

Market Breakup by Testing Type

• Prothrombin Time Testing (PT)

• Fibrinogen Testing (FT)

• Activated Partial Thromboplastin Time Testing (APTT)

• Activated Clotting Time Testing (ACT)

• D-Dimer Testing

• Platelet Function Testing

• Anti-Factor Xa Testing

• Heparin & Protamine Dose-response Test for ACT

• Others

Market Breakup by Technology Type

• Optical Technology

• Mechanical Technology

• Electrochemical Technology

• Others

Market Breakup by End User

• Clinical Laboratories

• Diagnostic Centers

• Hospitals

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America
•  
• Middle East and Africa

Global Coagulation Analyzer Market Share

Market Segmentation Based on Product Type is Projected to Witness Significant Growth

Based on product type, the market segmentation includes instruments/analyzers, reagents, consumables among others. The instruments/analyzers segment is estimated to witness significant growth, driven by its increasing role in diagnosis and monitoring of blood clotting disorders such as thrombosis and hemophilia. The growth is propelled by advancements in technologies that improves the efficiency and precision of these tests. The fastest growing segments is expected to be of consumables including sample collection tubes and test strips. This growth is attributed to the recurring and growing need for these products for testing procedures. These are disposable which offers control against cross-contamination. The products that ensure safety are easily adopted and contributes to the market value.

Optical Technology is Expected to Lead the Market Share Based on Technology Type

Based on technology, the market constitutes optical technology, mechanical technology, electrochemical technology, and others. The utilization of light absorption measurement to assess blood coagulation is done by optical technology, which is the largest segment. The wide application can also be attributed to its reliability, high accuracy, and extensive adoption in automated analyzers that are standard in many laboratories.

Mechanical technology is the traditional method, used for detection of clot through physical changes observed in the sample. The electrochemical technology is expected to experience fastest growth in this segment, owing to its importance in quick and accurate blood analysis in point-of-care settings. The growth is also driven by development of portable coagulation testing devices.

Global Coagulation Analyzer Market Analysis by Region

Regionally, the market report offers an insight into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America region is propelled by the advanced healthcare infrastructure, presence of leading market players, and high healthcare expenditure. The attention to research and development along with its quick adoption of latest technologies drives the market towards the leading position.

 
Asia Pacific is poised to witness significant growth in the forecast period. Increased awareness about healthcare, significant budget allocation for improving the healthcare infrastructure, predominantly in countries like India and China is projected to boost the market value.

Leading Players in the Global Coagulation Analyzer Market

The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Abbott Laboratories

• Danaher Corporation

• Siemens Healthineers Company

• Sysmex Corporation

• Thermo Fisher Scientific Inc.

• HORIBA, Ltd

• Nihon Kohden Corporation

• F. Hoffmann-La Roche Ltd.

• Maccura Biotechnology Co. Ltd.

• Bio Group Medical System

• Genrui Biotech Co., Ltd

• A&T Corporation

• Beijing Succeeder Technology Inc.

• Diagnostica Stago

• Helena Laboratories Corporation

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

Key Questions Answered in the Global Coagulation Analyzer Market Report

• What was the global coagulation analyzer market value in 2023?
• What is the global coagulation analyzer market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on product type?
• What is the market breakup based on test types?
• Who are the major end users in the market?
• What type of technologies are present in the market?
• What are the major factors aiding the global coagulation analyzer market demand? 
• How has the coagulation analyzer market performed so far and how is it anticipated to perform in the coming years? 
• What are the market's major drivers, opportunities, and restraints? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience expedited growth during the forecast period? 
• How does the prevalence and incidence of blood disorders affect the market landscape?
• What are the major global coagulation analyzer market trends?
• How does the rise in the geriatric population impact the market size?
• What product type will dominate the market share? 
• Which technology type will experience the highest demand in the market segment?
• Who are the key players involved in the coagulation analyzer market?
• What is patent landscape of the market? 
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, and mergers & acquisitions among the key market players shaping the market dynamics?

Coagulation Analyzer Market Report Snapshots

Coagulation Analyzer Market Size

Coagulation Analyzer Market Companies