Global Prothrombin Time Testing Market is expected to register a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in easier availability of products online along with advancements in technologies resulting in better designed products.
Key Market Competitors: Global Prothrombin Time Testing Market
Sysmex Corporation; Medtronic; F. Hoffmann-La Roche Ltd; Abbott; Micropoint Biosciences; ARKRAY, Inc.; NIHON KOHDEN CORPORATION; Diagnostica Stago S.A.S.; Thermo Fisher Scientific; Helena Laboratories; Siemens Healthcare GmbH; SEKISUI MEDICAL CO., LTD.; Coagulation Sciences LLC; Universal Biosensors; HemoSonics, LLC; Beckman Coulter, Inc.; Instrumentation Laboratory Company; Grifols, S.A.; BD; Bio/Data Corporation and Chrono-log Corporation.
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Market Definition: Global Prothrombin Time Testing Market
Prothrombin time testing is a specialized blood test which is used to measure the effectiveness of plasma present in the blood, specifically measuring how long it takes for the blood clotting process. This test helps in identifying any underlying conditions present with the patients relating to the blood as well as measuring the effectiveness of therapeutics which help resolve the problem of blood clotting.
- Increasing levels of geriatric population which are more prone to suffer from cardiovascular disorders and blood; this factor is expected to drive the growth of the market
- Increased usage of POCT products and homecare products; this factor is expected to drive the growth of the market
- Rise in the levels of awareness regarding the benefits and effectiveness of these products for detecting the blood disorders is expected to drive the growth of the market
Table of Content:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Prothrombin Time Testing Market Landscape
Part 04: Global Prothrombin Time Testing Market Sizing
Part 05: Global Prothrombin Time Testing Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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- Presence of strict regulations and compliances that result in a time-consuming, complicated approval process; this factor is expected to restrain the growth of the market
- Significant costs associated with the advanced levels of devices in combination with the lack of skilled professionals; this factor is expected to restrain the market growth
Segmentation: Prothrombin Time Testing Market
- By Product
- Point-Of-Care Testing (POCT) Systems
- By Application
- Thrombin Time (TT)
- Partial Thromboplastin Time (PTT)
- Activated Partial Thromboplastin Time (aPTT)
- Prothrombin Time (PT)
- By Technology
- Optical Technology
- Mechanical Technology
- Electrochemical Technology
- By End-Users
- Diagnostic Laboratories
- Clinical Laboratories
- Point-Of-Care Testing
- Home Care Settings
- By Geography
- Asia Pacific
- South Korea
- North America
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- United Arab Emirates
Key Developments in the Market:
- In March 2019, ARKRAY, Inc. announced the launch of their blood coagulation testing product. The product designed to provide quick and efficient analysis in the surgical sites utilizing whole blood samples. The product termed as “SPOTCHEM HS HS-7710” is a fully automated blood coagulation analyzer is the first foray of the organization into blood analysis in the surgical applications.
- In June 2018, Hoffmann-La Roche Ltd announced the launch of their homecare settings coagulation testing system, named as “CoaguChek Vantus” system. The system is a wireless-system which provides the results of a self-administered test conducted by patients for measuring the effectiveness of blood thinners in patients and sending this data to the healthcare providers.
Competitive Analysis: Global Prothrombin Time Testing Market
Global prothrombin time testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of prothrombin time testing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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