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Hemostasis Diagnostics Market - Global Industry Insights, Size, Share and Forecast till 2025

Press Release   •   Aug 28, 2017 02:43 EDT

Hemostasis Diagnostics Market Overview:

Hemostasis diagnostics help identify the hemostatic defects that cause excessive bleeding. Hemostasis is a process of slowing and stopping the blood flow to initiate wound healing after a vascular injury and is the key procedure acting in the first line of action adopted by the body. During the process, blood changes its form from fluid state to gelatinous state. Hemostasis is maintained in the body via three mechanisms namely vasoconstriction, platelet plug formation and blood coagulation. The diagnosis helps predict the cause of excessive bleeding during the surgery, identifies hemostatic defects in patients with a history of excessive bleeding. Based on the research articles published by medical experts, the appropriate therapy to treat hemorrhage can be administered of fresh frozen plasma for coagulation defects, Von Willebrand factor concentrates for platelet function defects or antifibrinolytic agents for systemic fibrinolysis.

Rising prevalence of hemophilia drives the hemostasis diagnostics market globally

The critical nature of the procedure in the field of medicine and healthcare has gained prominent position in the hemostasis diagnostics market. According to the National Hemophilia Foundation in 2012, the global incidence of hemophilia is estimated to be 400,000 people. The rise in the prevalence of genetically inherited disorders such as hemophilia, increase in number of surgeries and trauma patients, surge in the usage of recombinant products are the collective factors driving the global market. The growing technological advances in molecular diagnostics, inexpensive and biodegradable diagnostic products, chromogenic substrates, monoclonal antibodies, immunoassays, laboratory automation is estimated radically change the Hemostasis diagnostics market over the following five years.

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The global hemostasis diagnostics market is segmented on the basis of product type, technology, end user and geography.

On the basis of product type, the global market is segmented into:

  1. Infusible hemostats
  2. Topical hemostats
  3. Advanced hemostats
  4. Sealants

On the basis of technology, the global market is segmented into:

  1. Optical
  2. Electrochemical
  3. Mechanical

On the basis of end user, the global market is segmented into:

  1. Hospitals
  2. Clinical testing laboratories
  3. Research and academic institutes
  4. Others

North America is the key growth engine in the global hemostasis diagnostics market

Regional segmentation of the Hemostasis Diagnostic Market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. According to the Centre for Disease Control and Prevention in 2015, the number of people with hemophilia in the U.S. is estimated to be 20,000. This positions North America as the most dominant region in the global hemostasis diagnostics market, owing to the rise in installed instruments leading to higher sales of reagents and support services. According to The European National Registry of Congenital Coagulopathies in 2017, the number of people identified with hemostasis has increased from 7000 in 2000 to over 11,000 in 2015. Therefore, European market is expected to grow steadily boosting the demand for hemostasis diagnostics. Significant growth of markets in India, China, and Brazil is registering due to rise in health care expenditure, higher affordability, improving technical capabilities and economic development. These market are expected to attract global companies for capitalizing on the hemostasis diagnostics market opportunities.

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U.S. Beckman Coulter holds over half the U.S. market for Hematology devices

Key players operating in the market are HORIBA, Ltd., Abbott Laboratories, Siemens AG, and Bio-Rad Laboratories, Inc.The high and low end analyzers provided by U.S. Beckman Coulter meet the needs of all hematology testing environment. Other vendors who have adopted ideal product models, business expansion and market appeal strategies are Becton, Dickinson & Company, Grifols S.A, Alere, Inc., F. Hoffmann-La Roche AG, Beckman Coulter Inc. Sekisui, Helena Labor, Chrono-Log, and Axis-Shield.

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