Coagulation Markers Market Forecast and Analysis: Key Insights into Growth, Trends, and Emerging Opportunities
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How Will the Growth Rate of the Coagulation Markers Market Shape Industry Trends by 2034?
In recent times, the coagulation markers market has seen robust growth. Its expansion is predicted to continue, surging from $1.16 billion in 2024 to $1.25 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth in the historic duration include a higher incidence of cardiovascular disorders, an aging demographic, a rise in surgical procedures, escalating awareness and early detection measures, government-backed initiatives and funding, along with the development of healthcare infrastructure.
The market for coagulation markers is anticipated to experience significant growth in the forthcoming years, with projections stating it is set to reach $1.63 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.9%. This growth during the predicted period can be ascribed to factors such as an increase in incidences of chronic disorders, the rise in personalized medicine utilization, world population growth, elevated expenditures in healthcare, and the expansion in nascent markets. Key trends expected to be seen in the forecasted period consist of the incorporation of AI and machine learning, the innovation of new biomarkers, improved point-of-care technologies, lab automation, wearable healthcare technologies, telehealth coupled with remote monitoring, and environmentally friendly diagnostic processes.
Which Primary Drivers Are Supporting the Continued Expansion of the Coagulation Markers Market?
The escalation in blood disorder cases is set to push the coagulation markers market’s growth. Blood disorders encompass various conditions that impede the blood’s capacity to function appropriately. The growing number of blood disorder cases can be attributed to older populations, heightened awareness, and enhanced diagnostic capabilities. Coagulation markers play a pivotal role in diagnosing and managing blood disorders through evaluating clotting function, pinpointing abnormalities, and tracking the effectiveness of treatments for ailments such as hemophilia and thrombosis. For instance, it was reported by the Leukaemia Foundation, a non-profit organization based in Australia, that as of May 2024, approximately 135,000 individuals in Australia currently live with a blood cancer or blood disorder. This number is forecasted to surpass 275,000 by 2035. Hence, the mounting prevalence of blood disorders is propelling the market for coagulation markers.
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Who Are the Key Market Players Influencing the Growth of the Coagulation Markers Industry?
Major companies operating in the coagulation markers market are:
• Siemens Healthineers
• Roche Holding AG
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
• Quidel Corporation
What Key Market Trends Are Shaping the Future of the Coagulation Markers Industry?
Leading players in the coagulation markers market are channeling their efforts towards launching technologically advanced products such as D-dimer kits to enhance the pace and precision of identification of blood clot-related ailments. These D-dimer kits serve as diagnostic implements utilized for determining the quantity of D-dimer – a type of protein fragment generated during the dissolution of a blood clot. This helps in detecting and evaluating clot-related complications such as deep vein thrombosis and pulmonary embolism. For example, Bionote Inc., an American biotech firm, released Vcheck D-dimer 5Tests/Kit in July 2024. This product is an immunodiagnostic device engineered for veterinary applications, offering 5 tests per kit for monitoring D-dimer levels, a noteworthy indicator of the formation and disintegration of blood clots. It plays a crucial role in identifying ailments like thrombosis, sepsis, and DIC in veterinary clinics.
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What Are the Major Categories and Their Growth Dynamics in the Coagulation Markers Market?
The coagulation markers market covered in this report is segmented –
1) By Product: D-Dimer Assay, Fibrinogen Assay
2) By Sample Type: Plasma, Whole Blood Sample, Other Sample Types
3) By Technology: Fluorescence Immunoassay, Enzyme-Linked Immuno Sorbent Assay (ELISA), Rapid Test, Particle Enhanced Immunoturbidimetric Assay
4) By Application: Deep Venous Thrombosis (DVT), Pulmonary Embolism (PE), Disseminated Intravascular Coagulation (DIC), Trauma, Other Applications
5) By End User: Hospital, Specialty Clinics, Academic And Research Institute, Diagnostics Laboratories
Subsegments:
1) By D-Dimer Assay: ELISA-Based D-Dimer Assay, Lateral Flow Immunoassay D-Dimer Test, Chemiluminescent Immunoassay D-Dimer Test
2) By Fibrinogen Assay: Clauss Fibrinogen Assay, Functional Fibrinogen Assay, Automated Fibrinogen Assay
Which Regions Are Emerging as Leaders in the Coagulation Markers Market?
North America was the largest region in the coagulation markers market in 2024. The regions covered in the coagulation markers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Defines the Scope of the Coagulation Markers Market?
Coagulation markers refer to measurable substances in the blood that indicate the status of blood coagulation or clotting processes. These markers are essential in diagnosing and monitoring various coagulation disorders, assessing the risk of bleeding or thrombosis, and guiding appropriate treatment strategies.
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