About Prothrombin Time Testing
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Prothrombin Time Testing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Prothrombin Time Testing market by Type (Instruments, Consumables and Systems), Application (Thrombin Time (TT), Activated Partial Thromboplastin Time (APTT), Prothrombin Time (PT), Partial Thromboplastin Time (PTT) and Others) and Region.
On the basis of geography, the market of Prothrombin Time Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Mechanical Technology will boost the Prothrombin Time Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Diagnostic Laboratories will boost the Prothrombin Time Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Increased Utilization of Point-Of-Care Testing (Poct) Products and High Efficiency of The Devices for Detecting the Blood Disorders
Market Growth Drivers:
The Growing of The Incidences of Cardiovascular Diseases and Increasing Of the Elderly Population
Challenges:
High Cost of The Testing and Lack Of Awareness
Restraints:
The Stringent Guidelines by Several Governing Authorities and The approval procedure has become time-consuming and complicated
Opportunities:
Increasing Research and Development Activities
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 thinners’ effectiveness and sends data for analysis to healthcare providers.
Key Target Audience
Providers of Prothrombin Time Testing, Governmental and Regulatory bodies and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.