The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Hemostasis Diagnostic Devices And Equipment Global Market Report 2023, the hemostasis diagnostic devices and equipment market is expected to show promising growth in the forecast period.

Swift Growth: Historical Surge

• Rapid growth from $5.48 billion in 2023 to $6.18 billion in 2024.
• Impressive Compound Annual Growth Rate (CAGR) of 12.8%.
• Historical growth attributed to clinical diagnostics, surgical procedures, anticoagulant therapy monitoring, hemophilia, and bleeding disorders.

Anticipating Rapid Growth Ahead

• Expected to reach $9.85 billion in 2028.
• Estimated CAGR of 12.3%.
• Growth fueled by the aging population, cardiovascular and chronic diseases, personalized medicine, and rising surgical procedures.

View More On The Hemostasis Diagnostic Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hemostasis-diagnostic-devices-and-equipment-global-market-report

Key Trends Shaping the Future

• Point-of-Care Testing:Enhancing accessibility to diagnostic capabilities.
• Automation and Robotics:Streamlining and simplifying blood coagulation assessments.
• Biomarker Discovery:Paving the way for personalized and targeted treatments.
• Telemedicine and Remote Monitoring:Revolutionizing patient care and diagnostics.

Rising Incidence of Cardiovascular Diseases (CVD): A Key Driver

• Elderly Population and CVD:Higher incidence of CVD in the elderly driving surgeries using hemostasis devices.
• American Heart Association Stats:83% of men and 87.1% of females above 80 at high risk of CVD.
• Improving Patient Comfort:Implementation of hemostasis devices to improve patient comfort and surgery success rates.

Major Players Leading the Charge

• Prominent Companies: R. Bard Inc., Baxter International Inc., Pfizer Inc., Johnson & Johnson, and many more.
• Diverse Offerings:A comprehensive list of companies contributing to the growth of the hemostasis diagnostic devices market.

Automation Technology Revolutionizes the Market

• Focus on Innovation:Major companies developing automated hemostasis equipment for a competitive edge.
• HORIBA Medical’s Yumizen G800 and G1550:Offering advanced features for clinical laboratories with mid- to high workloads.
• Advantages:Continuous sample processing, pre-calibrated tests, automated reflex and additional tests, dedicated STAT sample positions for urgent cases.

**7. Strategic Acquisition: Baxter International Inc.

• PerClot Assets Acquisition:Completed in July 2021 for up to $60.8 million.
• Strategic Reinforcement:Reinforces Baxter’s strategy of acquiring products and technologies to complement its portfolio.
• CryoLife, Inc.:A leading contemporary medical device company.

Market Segmentation

• By Product:
  • Analyzers
  • Coagulation Instrument
  • Other Hemostasis Instruments
  • Reagents and Kits
• By Device Technology:
  • Automated
  • Semi-Automated
  • Manual
• By End User:
  • Hospitals
  • Clinics
  • Independent Diagnostic Laboratories
  • Other End Users

Dominance of North America: Leading the Global Market

• Market Leadership:North America emerges as the largest region in the global hemostasis diagnostic devices and equipment market in 2023.
• Strategic Presence:Signifying the region’s pivotal role in shaping the industry’s landscape.

In conclusion, the hemostasis diagnostic devices market is undergoing a transformative journey with technological advancements, strategic acquisitions, and a focus on personalized and efficient diagnostics. As the market continues to evolve, it holds the promise of revolutionizing diagnostic capabilities and improving patient outcomes on a global scale.

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