Platelet Aggregation Devices Market By Product (Systems, Reagents, Consumables And Accessories), By Application (Clinical Applications And Research Applications), By End User (Hospitals, Diagnostic Laboratories And Research And Academic Institutes) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
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The Global Platelet Aggregation Devices Market was worth USD 160 million in 2016 and is estimated to be growing at a CAGR of 21.2%, to reach USD 418.4 million by 2021. Platelets are a type of blood cells which are responsible for clotting of blood in the body.
Whenever, a blood vessel is damaged, platelets rush to the site and from clots at the damages area to prevent loss of blood. Suitable number of platelets is required for proper formation of clotting.
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They are also involved in inflammation and other pathological situations.
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The assemblage of platelets in the blood is known as platelet aggregation. It is a part of a series of events resulting in the clot formation.
Platelet aggregation tests assess the extent to which the platelets clump together. Recent advancements introduced the use of medical devices such as platelet function analyzers to control the extent of thrombus formation by platelets and it is achieved by controlling the flow of blood.
Rising number of platelet disorders such as thrombocythemia, increasing popularity of platelet therapy for cancer patients and rapid technological advancements in aggregators are the major factors driving the platelet aggregation devices market. Also, growing geriatric population and increasing prevalence of chronic diseases are driving the market growth.
However, lack of sufficient technical expertise and high cost of devices are the major restraining factors for the market.
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The global market for platelet aggregation devices is segmented by product, applications, end user and by region. Based on product, the market is segmented into systems, reagents and consumables and accessories.
Platelet aggregation systems hold the largest market share due to the increasing automation of aggregation testing procedures. Based on application, the market is segmented into clinical applications and research applications.
Clinical applications are again segmented into cardiovascular applications, orthopedic applications and other clinical applications. Clinical applications segment holds the largest market share due to the increased adoption of aggregator devices by healthcare professionals.
Based on end user, the market is segmented into standalone hospitals, diagnostic laboratories, research and academic institutes and other end users. Standalone hospitals are expected to hold the largest market share in end users segment due to the increase in platelet disorders and increasing use of platelet therapy for cancer patients.
Based on region, the global market for platelet aggregation devices market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America accounts for the largest market share in this market due to the increasing number of cardiovascular surgeries, increasing number of blood disorders and presence of major manufacturers of platelet aggregation devices.
Asia-Pacific is expected to be the fastest growing segment due to the presence of large population base and increasing adoption of new technological devices.
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Some of the major companies in the global platelet aggregation devices market are Helena Laboratories Corporation, Haemonetics Corporation, Siemens AG, Sysmex Corporation, Accriva Diagnostics, Sentinel CH. S.p.A., Bio/Data Corporation, Tem Group and Aggredyne, Inc.
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