Hemostasis Diagnostic Devices And Equipment Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Hemostasis Diagnostic Devices And Equipment Market?
The growing likelihood of older individuals being diagnosed with cardiovascular diseases (CVD) is boosting the use of hemostasis devices in surgeries. As the incidence of CVD increases with age, the demand for hemostasis devices, which aid in blood clotting and manage anticoagulation therapy during surgery, is rising. The American Heart Association reports that 83% of men and 87.1% of women over 80 will suffer from some form of CVD, prompting widespread use of hemostasis devices.
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How Has the Hemostasis Diagnostic Devices And Equipment Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The hemostasis diagnostic devices and equipment market has grown rapidly in recent years. It is expected to increase from $5.29 billion in 2024 to $6.18 billion in 2025, with a CAGR of 16.8%. The historical growth is driven by clinical diagnostics, surgical procedures, anticoagulant therapy monitoring, and the treatment of hemophilia and bleeding disorders.
The hemostasis diagnostic devices and equipment market is expected to see rapid growth in the coming years. It is projected to reach $10.36 billion by 2029, growing at a CAGR of 13.8%. This growth is driven by an aging population, the rise of cardiovascular and chronic diseases, personalized medicine, and an increase in surgical procedures. Trends in the forecast period will include point-of-care testing, automation and robotics, biomarker discovery, and the growth of telemedicine and remote monitoring.
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Which Upcoming Market Trends and Innovations Are Set to Influence theHemostasis Diagnostic Devices And Equipment Market’s Path Forward?
New technology in the hemostasis diagnostic device market is improving the quality of medical procedures. Collagen-based devices are gaining traction in this market, as collagen is widely used for its structural properties. For instance, collagen vascular hemostasis devices have been implemented to improve patient recovery time after surgeries. A study by the American Journal of Neuroradiology demonstrated that Angio-Seal, a collagen-based closure device, reduced the time before patient mobilization by approximately 15 minutes, without major complications.
Who Are the Leading Market Players Fueling Growth in the Hemostasis Diagnostic Devices And Equipment Market Trend?
Major companies operating in the hemostasis diagnostic devices and equipment market include C. R. Bard Inc., Baxter International Inc., Pfizer Inc., Johnson & Johnson, Abbott Laboratories, Beckman Coulter Inc., Becton Dickinson and Company, Chrono-Log Corporation, CSL Behring LLC, F. Hoffmann-La Roche Ltd., Grifols S.A., HemCon Medical Technologies Inc., Integra Life Sciences Corporation, Medtronic plc, Siemens AG, Thermo Fisher Scientific Inc., Trinity Biotech plc., Ethicon Inc., Boston Scientific Corporation, Olympus Corporation, Cook Group Inc., Halyard Health, Medline Industries Inc., ConMed Corporation, Moog Inc., Argon Medical Devices Inc., B. Braun Interventional Systems Inc., Bio-Rad Laboratories Inc., CareFusion Corporation, Danaher Corporation, DemeTECH Corporation, Diagnostica Stago SAS, Dolphin Sutures, EndoEvolution LLC, Haemonetics Corporation, Internacional Farmacéutica S.A. de C.V., Merit Medical Systems Inc., Quidelortho Corp, STAGO, Stryker Corporation
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How is the Global Hemostasis Diagnostic Devices And Equipment Market Segemented?
The hemostasis diagnostic devices and equipment market covered in this report is segmented –
1) By Product: Analyzers, Coagulation Instrument, Other Hemostasis Instruments, Reagents and Kits
2) By Device Technology: Automated, Semi-Automated, Manual
3) By End User: Hospitals, Clinics, Independent Diagnostic, Laboratories, Other End Users
Subsegments:
1) By Analyzers: Hematology Analyzers, Platelet Function Analyzers, Thromboelastography (TEG) Analyzers
2) By Coagulation Instruments: Prothrombin Time (PT) Instruments, Activated Partial Thromboplastin Time (aPTT) Instruments, Fibrinogen Testing Instruments, Thrombin Time (TT) Instruments
3) By Other Hemostasis Instruments: Blood Clotting Time (BCT) Instruments, Bleeding Time (BT) Test Devices, Hemostatic Forceps and Clips
4) By Reagents and Kits: Coagulation Reagents, Blood Collection Kits, Point-of-care Testing Kits, Thrombosis Kits
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Which Geographics are Influencing the Growth of the Hemostasis Diagnostic Devices And Equipment Market?
North America was the largest region in the global hemostasis diagnostic devices and equipment market in 2023. Asia-Pacific was the second-largest region in the hemostasis diagnostic devices and equipment market. The regions covered in the hemostasis diagnostic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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