D Dimer Testing Market Forecast 2024-2033: Anticipated Size and Growth Trends
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2024-2033 D Dimer Testing Market: What Growth Rate is Predicted?
The market size of d dimer testing has experienced robust growth in recent periods. It is anticipated to expand from $1.38 billion in 2023 to $1.46 billion in 2024, registering a compound annual growth rate (CAGR) of 5.7%. The increase in growth during the historic period can be credited to the rise of thrombosis research, enhancements in laboratory procedures, the clinical validation of d-dimer as a marker, and alterations in diagnostic protocols.
In the forthcoming years, the d dimer testing market size is projected to observe consistent growth, escalating to $1.77 billion in 2028 with a compound annual growth rate (CAGR) of 4.9%. The hike in the projection period is ascribed to the rise in the aging population, amplified point-of-care testing (poct), amalgamation with risk evaluation algorithms, amplified consciousness and educational promotions, administrative guidance, and standardization. The forecast period will be characterized by key trends such as the combination of biomarkers to augment diagnosis, emphasis on swift and precise outcomes, the role of d-dimer testing in managing COVID-19, telemonitoring and home testing kits, along with continual monitoring and repeated testing.
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What Aspects Are Driving the Expansion of the d dimer testing Market?
The escalating incidences of cancer are projected to boost the expansion of the d-dimer testing market in the future. Cancer encompasses a range of diseases that begin when abnormal cells significantly multiply, breach their normal parameters and either metastasize to other organs or infiltrate nearby bodily parts. D-dimer testing is predominantly utilized to aid in the diagnosis, monitoring, and treatment of cancer patients, and to gauge the likelihood of blood clot formation. It keeps track of thrombotic incidents in diverse clinical environments. For example, a research published by the American Cancer Society, a health organization based in the US, revealed that in January 2022, there are expected to be 609,360 deaths due to cancer, and approximately 1.9 million new cases of cancer in the US in 2022. This equates to about 1,670 deaths every single day. Consequently, the rising frequency of cancer is fuelling the expansion of the d-dimer testing market.
What Are the Significant Segments of the D Dimer Testing Market?
1) By Test: Clinical Laboratory Tests, Point-Of-Care Tests
2) By Product: Analyzers, Reagents And Consumables
3) By Method: Enzyme-linked Immunosorbent Assay (ELISA), Latex-enhanced Immuno-turbidimetric Assays, Fluorescence Immunoassays, Other Testing Method
4) By Application: Deep Vein Thrombosis (DVT), Pulmonary Embolism (PE), Disseminated Intravascular Coagulation (DIC), Other Application
5) By End-User: Hospitals, Academic And Research Institutes, Diagnostic Centers, Other End-User
What Trends Are Influencing the Evolution of the D Dimer Testing Market?
The d-dimer testing market is witnessing key players resorting to strategic alliances to secure exclusive rights over d-dimer testing solutions and attain a competitive market advantage. These strategic alliances allow the companies to pool their strengths and resources for mutual development and success. Illustrating this trend, in March 2022, German biotech firm SphingoTec GmbH entered a partnership with India-based medical laboratory and healthcare firm, Rivaara Labs Pvt Ltd. The partnership entitled Rivaara exclusive rights to market and distribute SphingoTec’s point-of-care tests featuring novel biomarkers in the Indian region. These include proenkephalin (penKid) for kidney function assessment, bioactive adrenomedullin (bio-ADM) for examining endothelial function, and dipeptidyl peptidase 3 (DPP3) as a cardiac depression biomarker. These advanced markers are supplemented by other commonly used parameters like procalcitonin, troponin, D-dimer, NT-proBNP, and TSH.
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Which Geographic Areas Are Influencing the Growth of the D Dimer Testing Market?
North America was the largest region in the D dimer testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the d dimer testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The D Dimer 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 d dimer testing market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The D Dimer Testing Market Include
1. D Dimer Testing Market Executive Summary
2. D Dimer Testing Market Segments
3. D Dimer Testing Market Size And Template Market Growth Rate
4. Key D Dimer Testing Market Trends
5. Major D Dimer Testing Market Drivers
……
25. Key Mergers And Acquisitions In The D Dimer Testing Market
26. Top D Dimer Testing Companies
27. D Dimer Testing Market Opportunities And Strategies
28. D Dimer Testing Market, Conclusions And Recommendations
29. Appendix
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