What is Prothrombin Time Testing Market Scope?
Prothrombin time (PT) is a blood test that is utilized to evaluate the time required to clot blood. This test is beneficial to detect and diagnose several bleeding and excessive clotting disorders and is also utilized to monitor the efficiency of numerous anticoagulants. Prothrombin time (PT) is a blood test that is used to assess the time required to clot blood. This test is useful to detect and diagnose various bleeding and excessive clotting disorder and monitor the efficacy of various anticoagulants. The major factors contributing to the Prothrombin time testing market's growth include the increasing prevalence of cardiovascular diseases in the geriatric population. Cardiovascular disease (CVD) and blood disorders are the leading cause of death in several countries.
The Prothrombin Time Testing market study is being classified by Type (Instruments, Consumables and Systems), by Application (Thrombin Time (TT), Activated Partial Thromboplastin Time (APTT), Prothrombin Time (PT), Partial Thromboplastin Time (PTT) and Others) and major geographies with country level break-up.
Owing to a rapidly rising geriatric population and rising demand for point of care testing is leading the global prothrombin time testing market on a higher trajectory. The upward sloping curve, charted by a significant CAGR (Compound Annual Growth Rate) will lead to a notable increase in market worth. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Prothrombin Time Testing market throughout the predicted period.
Sysmex Corporation (Japan), Medtronic (Ireland), F. Hoffmann-La Roche Ltd (Switzerland), Abbott (United States), Micropoint Biosciences (China), ARKRAY, Inc (Japan), NIHON KOHDEN CORPORATION (Japan), Diagnostica Stago S.A.S. (France), Thermo Fisher Scientific (United States), Helena Laboratories (United States), Siemens Healthcare GmbH (Germany), SEKISUI MEDICAL CO., LTD (Japan), Coagulation Sciences LLC (United States), Universal Biosensors (Australia), HemoSonics, LLC (United States) and Beckman Coulter, Inc (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Prothrombin Time Testing market by Type, Application and Region.
On the basis of geography, the market of Prothrombin Time Testing has been segmented into .
In 2019, ARKRAY, Inc. launched SPOTCHEM HS HS-7710, a blood coagulation testing product. It is faster and more efficient than other variants and allows for analysis, using whole blood samples, in surgical sites. Besides, it is automated. This is innovative and one of a kind in terms of blood analysis in surgeries. This demonstrates how product development and thus, research and development hold a crucial place in the market. and In 2018, Hoffman-La Roche Ltd launched CoaguChek Vantus. It is a home care setting coagulation testing system that is wireless and facilitates self-tests for patients. Mainly, it measures blood thinnersí effectiveness and sends data for analysis to healthcare providers.
Influencing Market Trend
- The Increased Utilization of Point-Of-Care Testing (Poct) Products
- High Efficiency of The Devices for Detecting the Blood Disorders
- The Growing of The Incidences of Cardiovascular Diseases
- Increasing Of the Elderly Population
- Increasing Research and Development Activities
- The Stringent Guidelines by Several Governing Authorities
- High Cost of The Testing
- Lack Of Awareness
Key Target AudienceProviders of Prothrombin Time Testing, Governmental and Regulatory bodies and End-Users
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Frequently Asked Questions (FAQ):
1. At what growth rate would the Prothrombin Time Testing market expands?
The Global Prothrombin Time Testing market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Prothrombin Time Testing market?
The prominent players of Global Prothrombin Time Testing market are Sysmex Corporation (Japan), Medtronic (Ireland), F. Hoffmann-La Roche Ltd (Switzerland), Abbott (United States), Micropoint Biosciences (China), ARKRAY, Inc (Japan), NIHON KOHDEN CORPORATION (Japan), Diagnostica Stago S.A.S. (France), Thermo Fisher Scientific (United States), Helena Laboratories (United States), Siemens Healthcare GmbH (Germany), SEKISUI MEDICAL CO., LTD (Japan), Coagulation Sciences LLC (United States), Universal Biosensors (Australia), HemoSonics, LLC (United States) and Beckman Coulter, Inc (United States), to name a few.
3. What are the top priorities to focus for Prothrombin Time Testing marketís growth?
In this highly competitive & fast evolving Prothrombin Time Testing industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.