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Global Thromboelastography Market Growth Accelerated By Rising Prevalence Of Cardiovascular Diseases

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Lucy Kart
Global Thromboelastography Market Growth Accelerated By Rising Prevalence Of Cardiovascular Diseases

The thromboelastography market comprises devices and consumables utilized for thromboelastography tests. Thromboelastography helps determine hypercoagulability and hypo-coagulability in patients. It provides valuable information about hemostasis that can optimize patient management with conditions like cardiovascular diseases, trauma, and liver disease.

The global thromboelastography market is estimated to be valued at US$ 125.17 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing prevalence of cardiovascular diseases is a key driver for market growth. Cardiovascular diseases can lead to coagulation disorders which increases the need for thromboelastography tests. According to WHO, cardiovascular diseases account for over 17 million deaths every year, which is estimated to grow to over 23.6 million by 2030. Early detection of coagulation abnormalities is important for effective management of patients with cardiovascular complications. This is increasing the demand for thromboelastography especially in developed markets where awareness about early diagnosis is higher. The rising availability of innovative thromboelastography systems with advanced features is also supporting market expansion over the forecast period.

Segment Analysis

The global thromboelastography market is dominated by thromboelastography systems segment due to rising demand for precision in coagulation monitoring. Thromboelastography systems help detect hypercoagulable states and thrombocytopenia effectively with the help of point-of-care diagnostics. The systems segment is expected to witness high growth during the forecast period owing to increasing adoption of modern POC techniques for rapid and accurate coagulation analysis.

Key Takeaways

Global Thromboelastography Market Size is expected to witness high growth during the forecast period of 2023-2030. The market size is projected to reach US$ 125.17 Bn by 2023.

Regional analysis:

North America region currently dominates the thromboelastography market due to presence of advanced healthcare infrastructure and favorable government initiatives for promoting POC testing in the region. However, Asia Pacific region is expected to witness fastest growth owing to increasing patient awareness levels and rising healthcare expenditure in developing countries such as China and India.

Key players:

Key players operating in the thromboelastography market are SARAHEALTH SARE, MRK Healthcare Pvt. Ltd., Amkay Products Pvt. Ltd., JIT & JIT, Kanam Latex Industries Pvt. Ltd., RFB Latex Limited, Safeshield Gloves, Amigo Surgicare Pvt. Ltd., Asma Rubber Products Pvt. Ltd., Narang Medical Limited, Phoenix Medical Technologies & Imports, Manglam Medikits Private Limited, and VLHS. These players are focusing on new product launches and geographical expansion to strengthen their market position.

Get More Insights on this Topic- https://www.dailyprbulletin.com/thromboelastography-market-outlook-and-future-insights/ 

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