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Explore Europe's coagulation/hemostasis analyzer market that is estimated to be growing at a CAGR of 9.4%, to reach USD 1.14 billion by 2021

The Europe Coagulation/Hemostasis Analyzer Market was worth USD 0.73 billion in 2016 and estimated to be growing at a CAGR of 9.4%, to reach USD 1.14 billion by 2021.

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Coagulation testing defines a set of methods for checking the hemostasis systems. Hemostasis is the process in which bleeding is stopped from a blood vessel.

Coagulometer is used in the medical laboratories to analyze  coagulation systems. Many of the methods used in laboratories today were developed more than fifty years ago.

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All the methods for analysing coagulation systems can broadly be divided into two types, global tests and local tests. Global tests generate results for the whole clotting cascade.

Examples of global tests include Thrombodynamics test, Thrombin generation test and Thromboelastography. They play a pivotal role in the primary phase of diagnostics by generating a detailed analysis of the coagulation cascade.

Local tests generate the results of different components of blood coagulation cascade. Examples of local testing include Prothrombin time test and Partial Thromboplastin time.

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The Europe Coagulation/Hemostasis Analyzer market is driven by rising geriatric population, poor lifestyle choices, increasing number of people suffering from chronic blood disorders, rising incidence of chronic diseases and increase of foreign investments among others. Huge expansion of hospitals and healthcare centres is also propelling the growth of this market in the region.

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The Europe Coagulation/Hemostasis Analyzer market is divided on the basis of test into ACT, aPTT, d dimer testing, platelet function test, prothrombin time testing, anti-factor Xa test, heparin and protamine dose response test for ACT, fibrinogen testing  and other coagulation tests. Prothrombin time testing has the largest market share in this segment and is also the fastest growing due to increasing automation of this process in laboratories.

On the basis of product, the market is divided into PoC testing analyzers and clinical laboratory analyzers. Clinical laboratory analyzers has the largest market in this segment.

By end users, the market is categorized into clinical laboratories, PoC and others. Clinical laboratories has the largest share in the segment.

By technology, the market is segmented into electrochemical, optical, mechanical and other technologies. Optical segment has the largest market share and is also the fastest growing in this segment.

The Europe Coagulation/Hemostasis Analyzer market is divided based on geography into United Kingdom, France, Germany and Italy. Europe has the second largest market in the world followed by North America.

Factors such as rising geriatric population and rising foreign investments is expected to propel the growth of this market in the region.

Some of the major players in the market include  Siemens AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Roche Diagnostics (Switzerland), Alere Inc. (U.S.), Sysmex Corporation (Japan), Helena Laboratories (U.S.), Instrumentation Laboratory (U.S.), International Technidyne Corporation (U.S.), Nihon Kohden Corporation (Japan) and Diagnostica Stago (France).

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