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Market Overview

“The global coagulation monitoring products market is estimated to reach a high CAGR of 7.07% during the forecast period (2021-2028)”.

Coagulation tests assess blood’s ability to clot as well as the time it takes to clot. Testing can assist a doctor in determining the risk of excessive bleeding or the formation of clots (thrombosis) in blood vessels.

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Market Dynamics

The factors driving the global coagulation monitoring products market are the increasing demand for point of care testing devices. In addition, increasing technological advancements in monitoring devices are also expected to drive market growth over the forecast period.

Increasing point of care testing devices is expected to drive the global coagulation monitoring products market

The rapid, specific examination of bodily fluids at the bedside is known as point-of-care testing (POCT). There is an ever-expanding range of POCT available, the majority of which are beyond the scope of this article, which will focus on those that are routinely used and important to the management of perioperative coagulation. Because typical laboratory tests have a somewhat long turnaround time. There is growing interest in point-of-care coagulation testing (POCCT) to avoid unnecessary transfusion, which can offer results in minutes. Furthermore, the widespread acceptance of the current cell-based coagulation model has resulted in a focus on the critical role of platelets and a particular interest in devices that test whole blood rather than plasma, which is employed in laboratory-based tests. The prothrombin time (PT) and activated partial thromboplastin time (aPTT), which provide information on the first phase of coagulation up to fibrin production, are examples of the latter. Viscoelastic POCCT devices, on the other hand, produce information on all phases of coagulation, offering insight into interactions between the cellular and plasma components of whole blood and the fibrinolytic system’s activity which are critical for successful hemostasis.

The most recent POC coagulation analyzers produce real-time results while maintaining the central lab’s diagnostic quality controls. POC testing must strike a compromise between the desire for quick findings and the absolute requirement for accuracy and QC that the lab guarantees. Siemens Healthineers’ Xprecia Stride Coagulation Analyzer is a recent FDA-cleared POC PT/INR gadget. This device has established performance parity in PT/INR testing with the Roche CoaguChek XS POC system and reference laboratory analysis. Recent point-of-care PT/INR systems include both electronic and internal QC checks on test strips. Convenient device test strip ejects mechanisms allow for the safe disposal of spent strips, reducing odours.

Technological advancements in monitoring devices are expected to drive the market growth during the forecast period

Blood coagulation monitoring has been increasingly important in diagnosing the causes of hemorrhages, creating anticoagulant medications, measuring bleeding risk in prolonged surgery procedures and dialysis, and researching the efficacy of hemostatic therapy in recent years. Microfluidics, fluorescence microscopy, electrochemical sensing, photoacoustic detection, and micro/nanoelectromechanical systems (MEMS/NEMS) have been used to build extremely precise, resilient, and cost-effective points of care (POC) devices. These instruments measure the electrochemical, optical, and mechanical properties of clotting blood.

With advancements in artificial intelligence (AI) and machine learning, algorithms that can track multiple parameters concurrently throughout a treatment/diagnosis and identify patient-specific patterns that can aid in pinpointing proper treatment or underlying causes will be one of the most significant developments in coagulation measurement technologies in the coming years. With the challenges posed by novel anticoagulant technologies for current measurement techniques and the validity and applicability of diagnostic parameters such as INR, simultaneous observation of multiple parameters or complex patterns within them may be required for proper observation of patients with special needs. AI and machine learning-based algorithms may very well find a role in future new POC blood coagulation testing systems for these unique circumstances in the next years.

For instance, on June 14th 2018, Roche launched the CoaguChek Vantus system, the first self-testing coagulation monitoring gadget with Bluetooth technology. Patient self-testing using the Bluetooth-enabled CoaguChek Vantus system opened new possibilities for patient monitoring.

Market Segmentation

Global Coagulation Monitoring Products Market – By Product

Instruments

Assays

Reagents

Global Coagulation Monitoring Products Market – By End-User

Hospitals

Clinics and Diagnostic centers

Home Setting

Ambulatory Settings

Global Coagulation Monitoring Products Market – By Region

North America

Europe

South America

Asia Pacific

Middle East and Africa

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Competitive Landscape

The global coagulation monitoring products market is highly competitive with the increasing demand during COVID-19 and technological advancement in product.

Major key players in the global coagulation monitoring products market are CoaguSense Inc., Helena Laboratories, Hemosonics, Siemens, Thermo Fisher Scientific, HORIBA Medical, Maccura Biotechnology Co., Sclavo Diagnostics International S.r.l, Biosystems S. and Bio Group Medical System.

Trending Topics

Multiparameter Patient Monitoring Devices Market

Remote Patient Monitoring Market

Wearable Medical Devices Market

Tags: CoaguSense Inc, Helena Laboratories, Bio Group Medical System, Biosystems, Coagulation Monitoring, Maccura Biotechnology Co, Hemosonics, HORIBA Medical, Sclavo Diagnostics International, Coagulation Monitoring Products Market, Coagulation Monitoring Products, Siemens, Thermo Fisher Scientific

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Contact Information:
Sai Kiran Sales Manager at DataM Intelligence Email: [email protected] Tel: +1 877 441 4866 Website: www.datamintelligence.com

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