Point-of-Care Coagulation Testing Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR40479
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The point-of-care (POC) coagulation testing market share is expected to increase by USD 1.49 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.41%.

This point-of-care coagulation testing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (hospitals and clinics and homecare) and geography (North America, Europe, Asia, and ROW). The point-of-care coagulation testing market report also offers information on several market vendors, including Abbott Laboratories, Danaher Corp., DIAGNOSTICA STAGO SAS, F. Hoffmann-La Roche Ltd., Helena Laboratories Corp., iLine Microsystems SL, Medtronic Plc, Micropoint Bioscience Inc., Siemens AG, and Sysmex Corp. among others.

What will the Point-of-Care Coagulation Testing Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Point-of-Care Coagulation Testing Market Size for the Forecast Period and Other Important Statistics

 

Point-of-Care Coagulation Testing Market: Key Drivers and Trends

The growing geriatric population is notably driving the POC coagulation testing market growth, although factors such as lack of trained professionals may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the point-of-care coagulation testing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Point-of-Care Coagulation Testing Market Driver

The growing geriatric population will fuel the growth of the point-of-care coagulation testing market size during the forecast period. Aging increases the susceptibility to infections as the immune system deteriorates with age. Older adults require diagnostic testing on a regular basis due to their low immunity and slow metabolism. These factors have increased the demand for point-of-care blood coagulation analyzers as coagulation measurements can assist in diagnosing diseases. Physicians use the results of these blood tests to choose the most suitable line of treatment. Hence, an increasing older adult population indicates a growing demand for point-of-care coagulation testing, thus contributing to the growth of the market during the forecast period.

Key Point-of-Care Coagulation Testing Market Challenge

The inability to hire trained professionals would limit the use of point-of-care coagulation analyzers, which may hinder the growth of the market during the forecast period. There is a shortage of these specialists in diagnostic centers and hospitals globally. Generally, most rural hospitals in the US face issues such as the lack of patient volume required to justify having specialists. Most times, appointing in-house specialists is cost-prohibitive, especially for small medical facilities. Therefore, end-users such as hospitals and diagnostic centers need to invest significantly in providing training to their employees for laboratory testing and maintaining point-of-care coagulation analyzers.

This point-of-care coagulation testing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Point-of-Care Coagulation Testing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Danaher Corp.
  • DIAGNOSTICA STAGO SAS
  • F. Hoffmann-La Roche Ltd.
  • Helena Laboratories Corp.
  • iLine Microsystems SL
  • Medtronic Plc
  • Micropoint Bioscience Inc.
  • Siemens AG
  • Sysmex Corp.

 

This statistical study of the point-of-care coagulation testing market encompasses successful business strategies deployed by the key vendors. The POC coagulation testing market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The point-of-care coagulation testing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Point-of-Care Coagulation Testing Market?

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46% of the market’s growth will originate from North America during the forecast period. The US is a key market for point-of-care coagulation testing in North America. However, the market growth rate in this region will be slower than the growth of the market in Asia and Europe.

The rise in laboratory automation, a shift toward rapid diagnostic tests, and the increased number of Food & Drug Administration (FDA) approvals for new diagnostic procedures such as liquid biopsy and microbial tests will facilitate the point-of-care coagulation testing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Point-of-Care Coagulation Testing Market?

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The point-of-care coagulation testing market share growth by the hospitals and clinics segment will be significant during the forecast period. Hospitals and clinics hold the largest share of the global point-of-care coagulation testing market, owing to the significant use of point-of-care coagulation testing analyzers during perioperative procedures for the timely determination of coagulopathies (bleeding disorders) and hemostatic functions in patients. This helps in preventing unanticipated bleeding and perioperative mortality. Hospitals and clinics use globally accepted point-of-care coagulation testing procedures such as aPTT and INR, which significantly reduce the turnaround time and allow medical practitioners to make fast decisions during critical situations.

This report provides an accurate prediction of the contribution of all the segments to the growth of the POC coagulation testing market size and actionable market insights on post COVID-19 impact on each segment.

 

Point-of-Care Coagulation Testing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.41%

Market growth 2021-2025

$ 1.49 billion

Market structure

Fragmented

YoY growth (%)

6.97

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 46%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Abbott Laboratories, Danaher Corp., DIAGNOSTICA STAGO SAS, F. Hoffmann-La Roche Ltd., Helena Laboratories Corp., iLine Microsystems SL, Medtronic Plc, Micropoint Bioscience Inc., Siemens AG, and Sysmex Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Point-of-Care Coagulation Testing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive point-of-care coagulation testing market growth during the next five years
  • Precise estimation of the point-of-care coagulation testing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the POC coagulation testing industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of POC coagulation testing market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Hospitals and clinics - Market size and forecast 2020-2025
    • Homecare - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • Asia - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Abbott Laboratories
      • Danaher Corp.
      • DIAGNOSTICA STAGO SAS
      • F. Hoffmann-La Roche Ltd.
      • Helena Laboratories Corp.
      • iLine Microsystems SL
      • Medtronic Plc
      • Micropoint Bioscience Inc.
      • Siemens AG
      • Sysmex Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The point-of-care coagulation testing market growth will increase by $1495.14 million during 2020-2025.
      The point-of-care coagulation testing market is expected to grow at a CAGR of 8.41% during 2020-2025.
      Technavio has segmented the point-of-care coagulation testing market by end user (Hospitals and clinics and Homecare) and geographic (North America, Europe, Asia, and ROW).
      Abbott Laboratories, Danaher Corp., DIAGNOSTICA STAGO SAS, F. Hoffmann-La Roche Ltd., Helena Laboratories Corp., iLine Microsystems SL, Medtronic Plc, Micropoint Bioscience Inc., Siemens AG, Sysmex Corp. are a few of the key vendors in the point-of-care coagulation testing market.
      North America will register the highest growth rate of 45.77% among the other regions. Therefore, the point-of-care coagulation testing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the point-of-care coagulation testing market growth are:
      • Growing geriatric population
      • Growing focus toward personalized medicine
      The point-of-care coagulation testing market vendors should focus on grabbing business opportunities from the hospitals and clinics segment as it accounted for the largest market share in the base year.
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