2024 Point-of-Care (POC) Coagulation Testing Market Analysis: Market Size, Key Drivers, and Segment Insights
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What is the Expected Growth Rate of the Point-of-Care (POC) Coagulation Testing Market from 2024 to 2033?
The point-of-care (POC) coagulation testing market is anticipated to grow from $1.12 billion in 2023 to $1.18 billion in 2024, achieving a CAGR of 5.9%. Growth is driven by increased patient demand, the trend toward point-of-care testing, automation, and the rising incidence of cardiovascular diseases and blood disorders.
The point-of-care (POC) coagulation testing market is projected to grow steadily, reaching $1.42 billion by 2028 with a CAGR of 4.6%. Growth is driven by expanding healthcare applications, demand in homecare, rising chronic blood disorder prevalence, and the need for rapid testing. Trends include technological advancements, high demand in developed regions, and the impact of COVID-19 on POC diagnostics.
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What Key Factors Are Fueling the Growth of the Point-of-Care (POC) Coagulation Testing Market?
The increasing incidence of cardiovascular diseases is expected to accelerate the point-of-care (POC) coagulation testing market. Cardiovascular diseases encompass various heart and blood vessel disorders. POC coagulation testing is vital for managing these diseases by providing immediate coagulation information for timely treatment decisions. The CDC reported that heart disease was responsible for approximately 695,000 deaths in 2021 in the U.S. Thus, the rising incidence of cardiovascular diseases is propelling market growth.
What Are the Major Segments of the Point-of-Care (POC) Coagulation Testing Market?
1) By Technology: Optical Technology, Mechanical Technology, Electrochemical Technology
2) By Distribution Channel: Direct Tenders, Retail
3) By End-User: Hospitals, Clinics, Home care
What New Trends Are Transforming the Point-of-Care (POC) Coagulation Testing Market?
Companies in the point-of-care coagulation testing market are focusing on strategic collaborations to enhance their competitive advantage. In October 2021, Trivitron Healthcare partnered with Diagon Ltd. and Vanguard Diagnostics to launch Coagulation Analyzer products, improving patient diagnosis and accessibility.
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Which Regions Are Driving Growth in the Point-of-Care (POC) Coagulation Testing Market?
North America was the largest region in the point-of-care (POC) coagulation testing market in 2023. The regions covered in the point-of-care (poc) coagulation testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Point-of-Care (POC) Coagulation Testing Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the point-of-care (poc) coagulation testing market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Point-of-Care (POC) Coagulation Testing Market Include
1. Point-of-Care (POC) Coagulation Testing Market Executive Summary
2. Point-of-Care (POC) Coagulation Testing Market Segments
3. Point-of-Care (POC) Coagulation Testing Market Size And Template Market Growth Rate
4. Key Point-of-Care (POC) Coagulation Testing Market Trends
5. Major Point-of-Care (POC) Coagulation Testing Market Drivers
……
25. Key Mergers And Acquisitions In The Point-of-Care (POC) Coagulation Testing Market
26. Top Point-of-Care (POC) Coagulation Testing Companies
27. Point-of-Care (POC) Coagulation Testing Market Opportunities And Strategies
28. Point-of-Care (POC) Coagulation Testing Market, Conclusions And Recommendations
29. Appendix
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