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Coagulation Analyzer Market Dynamics and Global Forecast - 2021 By Rosy Wills

  in Business | Published 2019-02-11 12:40:43 | 22 Reads | Unrated

Summary

The hemostasis coagulation analyzers market is projected to reach USD 4.84 billion by 2021.

Full Content

The hemostasis coagulation analyzers market is projected to reach USD 4.84 billion by 2021 from USD 2.98 billion in 2016, at a CAGR of 10.2% from 2016 to 2021. The high incidence and large economic burden of blood related diseases and CVD’s, rise in healthcare spending has resulted in the increasing use of coagulation analyzers market products. Moreover, high growth potential in the Asian region provides growth opportunities to players in the coagulation analyzers market

. On the other hand, stringent regulatory policies for validation of medical devices creates an obstacle for entry of small players, are the major factors restraining the growth of this market. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.

Market Dynamics

Drivers

  • Increasing Prevalence of Cardiovascular Diseases and Blood Disorders
  • Rising Aging Population
  • Development of High-Sensitivity POC Coagulation Testing
  • Increasing Laboratory Automation

Restraint

  • High Cost of Fully Automated Coagulation Analyzer

Opportunities

  • Emerging Markets

Challenges

  • Slow Adoption of Advanced Hemostasis Instruments in Emerging Economies 

Comments

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