Fact.MR – a market research and competitive intelligence provider, projects the global hemostasis diagnostics market to accelerate at a CAGR of above 7% across the 2021-2031 forecast period.

Hemostasis diagnostics are devices that help in the identification of hemostatic defects, which leads to excessive bleeding. Hemostasis is a process of slowing and stopping blood flow to initiate wound healing after a vascular injury, and is a key procedure acting at the first line of action adopted by the body.

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During the process, blood changes its form from the fluid state to the gelatinous state. Hemostasis is maintained in the body via three mechanisms, namely, vasoconstriction, platelet plug formation, and blood coagulation. Diagnosis helps predict the cause of excessive bleeding during a surgery, and identifies hemostatic defects in patients with a history of excessive bleeding.

Increased occurrence of genetically inherited diseases is likely to fuel demand for hemostasis diagnostics. Increased prevalence of hemostasis disorders is also set to drive market expansion over the coming years.

Key Takeaways from Market Study

• Global hemostasis diagnostics market to top US$ 7.5 Bn by 2031.
• Laboratory systems projected to reach around US$ 940 Mn by 2031.
• Consumables projected to record around 5% CAGR over next 10 years.

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• Market in Japan to record 3% CAGR over forecast period of 2021- 2031.
• China forecast to reach projected market size above US$ 800 Mn.
• Market in Canada projected to expand above 6% CAGR over next 10 years.

Market Categorization as Per Hemostasis Diagnostics Industry Research

• Product

  • Laboratory Systems
  • Consumables
  • Point-of-Care Testing Systems

• Test

  • Prothrombin Test Time (PT)
  • Activated Partial Thromboplastin Time (APTT)
  • Fibrinogen Degradation Products (FDP)
  • Activated Clotting Time

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Important doubts related to the market clarified in the report:

1. Which regional market is expected to witness the highest growth during the forecast period?
2. How has the surging prices of raw materials impacted the growth of the market?
3. Why are market players focusing on R&D and innovations?
4. Are market players expanding their global presence? If yes, how?
5. What is the estimated value of the market in 2019?

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