#Thromboelastography Market Size

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Thromboelastography Market Is Estimated To Witness High Growth Owing To Increasing Demand For Point-Of-Care Testing

Market Overview: Thromboelastography (TEG) is a hemostasis monitoring system that provides a comprehensive assessment of the clotting process. It measures the viscoelastic properties of whole blood, allowing for the evaluation of clot formation, clot strength, and fibrinolysis. TEG is widely used in various clinical settings, including surgery, trauma care, and critical care units. The advantages of TEG include real-time monitoring of hemostasis, rapid identification of coagulation abnormalities, and guiding transfusion therapy. The growing demand for point-of-care testing and the need for accurate diagnosis and monitoring of hemostatic disorders are driving the market growth.

The global Thromboelastography Market Growth is estimated to be valued at US$604.07 million in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Key Trends: One key trend in the Thromboelastography market is the increasing adoption of point-of-care testing. Point-of-care testing refers to diagnostic testing that is performed at or near the patients' bedside. It provides instant results, enabling immediate decision-making and improving patient outcomes. In the case of Thromboelastography, point-of-care testing allows for real-time monitoring of the clotting process during surgeries, trauma events, or other critical situations. This trend is driven by the need for quick and accurate diagnosis, especially in emergency situations where timely intervention is crucial. For example, in trauma care, TEG can help identify coagulation abnormalities and guide appropriate transfusion therapy to prevent bleeding complications. PEST Analysis: - Political: Government regulations and policies regarding medical device approvals and reimbursements can influence the adoption of Thromboelastography systems. - Economic: The economic condition of a country can impact healthcare spending and investments in advanced diagnostic technologies like TEG. - Social: Increasing awareness about the importance of early diagnosis and personalized medicine is driving the demand for advanced diagnostic tools like Thromboelastography. - Technological: Technological advancements in Thromboelastography systems, such as the integration of artificial intelligence and automation, are enhancing their efficiency and accuracy. Key Takeaways: - The global Thromboelastography market is expected to witness high growth, exhibiting a CAGR of 7.1% over the forecast period, due to the increasing demand for point-of-care testing and the need for accurate diagnosis and monitoring of hemostatic disorders. - Regionally, North America is expected to dominate the market, owing to the presence of advanced healthcare infrastructure, high healthcare expenditure, and increasing adoption of advanced diagnostic technologies. - Key players operating in the global Thromboelastography market include Lepu Medical Technology (Beijing) Co., Ltd., Render Biotech Co., Haemonetics Corporation, TA Instruments, HemaCore LLC, 5-Diagnostics, Xenometrix AG, Framar Hemologix srl, Instrumentation Laboratory, Medirox AB, Diagnostica Stago, Life Diagnostica, SYCOmed e.K., Nordic Biomarker, and Shenzhen Ultra-Diagnostics Biotec. Co., Ltd. In conclusion, the global Thromboelastography market is experiencing significant growth due to the increasing demand for point-of-care testing and the need for accurate diagnosis and monitoring of hemostatic disorders. The adoption of Thromboelastography in various clinical settings and the advancements in technology are driving market growth. North America is expected to dominate the market, and key players in the industry are continuously innovating to meet the growing demand.

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Thromboelastography Machine Market – Size, Trends, Outlook, and Forecast, 2018-2026

Thromboelastography (TEG) is a viscoelastic hemostatic assay that measures the visco-elastic properties of blood clot formation. It is mainly used in surgery and anesthesiology. These tests are capable of measuring coagulation factor function. Some other tests for blood coagulation includes prothrombin time (PT,INR) and partial thromboplastin time (aPTT). However, thromboelastography provides information regarding all components of hemostasis such as coagulation and platelet function. Also, TEG offers a particular advantage in diagnosing fibrinolysis. TEG machines are used for carrying out this test.

Increasing use of TEG machines for blood management has helped in predicting and managing bleeding disorders. It also helps in evaluating the risk for re-operation, which leads to cost saving, as it reduces unnecessary blood component transfusions. These machines have applications in hospitals, blood banks, pharmaceutical, and academic institutes.

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Market Dynamics

Increasing patient population suffering from lifestyle associated diseases and chronic blood disorder is expected to contribute to significant growth of the thromboelastography machine market. For instance, according to the Leukemia & Lymphoma Society (LLS), about every 3 minutes, one person is diagnosed with blood cancer, which accounted for combined total of 174,250 people in the U.S. in 2017. Moreover, around 1,735,350 new cancer cases are expected to be diagnosed in 2018, which accounts for around 10% of the total U.S. population as per the data given by the Leukemia and Lymphoma society (LLS). Furthermore, rising awareness in the management of acute coagulopathy of trauma is expected to propel growth of the thromboelastography machine market.

Moreover, emergence of high throughput TEG analyzers is propelling the market growth. For instance, in 2017, Haemonetics Corporation received FDA 510(k) approval for its TEG 6s Hemostasis System, which is used to study an individual’s hemostasis condition in a laboratory or in point-of-care setting. However, increasing research activities for the development of substitutes for testing the efficiency of blood coagulation is expected to limit growth of thromboelastography machine market.

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North America is expected to be dominant in the global thromboelastography machine market during the forecast period. This is owing to developed healthcare infrastructure and rising R&D activities in the region. Moreover, growing incidence of surgeries and organ transplant procedures is expected to propel growth of the market. For instance, according to U.S. Department of Health and Human Services, 34,770 transplants were performed in the U.S in 2017.

Moreover, increasing prevalence of hemostasis disorders has fuelled growth of thromboelastography machine market in this region. For instance, according to the World Federation of Hemophilia annual report, approximately 17,346 people were suffering from Hemophilia in India in 2015.

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Major players operating in the thromboelastography machine markets include Haemonetics Corporation, Life Diagnostica, Hemologix s.r.l., Medirox AB, Instrumentation Laboratory, Diagnostica Stago and others. Key players in thromboelastography machine market are focusing on implementing strategies such as new product launches and acquisitions in order to retain dominant position in the market. For instance, in 2016, Instrumentation Laboratory (IL) acquired CA Casyso AG (Basel, Switzerland) and its Tem subsidiaries (Tem). This will help IL in expanding its product line in Hemostasis and Critical Care IVD and in viscoelastic testing.

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Thromboelastography Analyzer Market shares, Size and Demand

The Global Thromboelastography Analyzer Market report presents insightful data for clients improving their simple management skills identifying with the global market along with market dynamics, segmentation, competition and local growth. The report describes the market size, market characteristics and market growth for the Thromboelastography Analyzer industry categorized by type, application and consumption sector.

It provides a comprehensive analysis of the aspects related to the pre and post covid market development 19 pandemic.

Prominent Players Covered in the Global Thromboelastography Analyzer Market Are:

Haemonetics

Lepu Technology

Biomart

Medcaptain

Ud-bio

Chongqing Nanfang

WITEYE

Render

Guizhou Jinjiu Biotech

Chongqing Dingrun

Zhejiang Shengyu

Bio-zircon

WerfenLife

Framar Hemologix srl

Sienco

Thromboelastography Analyzer Market -Regional Analysis:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of the Thromboelastography Analyzer market in these regions, down to the forecast coverage.

North America (United States, Canada, and Mexico)

Europe (Germany, United Kingdom, France, Italy, Russia, and Turkey, etc.)

Asia Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil, Argentina, Colombia, etc.)

Some of the key questions answered in this report:

What is global? Sales Value, Production Value, Consumption Value, Import and Export of the Thromboelastography Analyzer Market?

What application/end user or product type can look for incremental growth prospects?

What are the different sales, Marketing and sales channels in the global industry?

What are the key market trends influencing the growth of the Thromboelastography Analyzer market?

Economic impact on the Thromboelastography Analyzer market industry and trend development of the Thromboelastography Analyzer market industry.

What are the market opportunities, market risk and market overview of the Thromboelastography Analyzer market?

What are the key drivers, restraints, opportunities and challenges of the Thromboelastography Analyzer market and how are they expected to be affect the market?

How big is the market for Thromboelastography Analyzer at regional and country level?

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The research includes a basic review of the market, including the present state of the industry and market size, as measured by volume and revenue. The report provides a summary of key facts such as the industry’s regional environment and the companies that have carved out a strong market position.

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Point-of-Care Coagulation Testing Devices Market | 2021 Global Analysis

The global point-of-care (POC) coagulation testing devices market size is expected to experience exponential growth by reaching USD 2.76 billion while exhibiting a CAGR of 7.2% between 2020 and 2027. This is attributable to the increasing focus on developing innovative devices and the growing demand for affordable healthcare services that is likely to surge the adoption of advanced POC coagulation testing devices worldwide. This information is published by Fortune Business Insights in its latest report, titled, “Point-of-Care (POC) Coagulation Testing Devices Market Size, Share & COVID-19 Impact Analysis, By Device Type (Anticoagulation Monitoring Devices (PT-INR, ACT, aPTT), Platelet Function Monitoring Devices, Viscoelastic Coagulation Monitoring Devices (TEG, and ROTEM), and Others); By End User (Hospitals & Clinics, Homecare, and Others), Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 1.55 billion in 2019.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/point-of-care-coagulation-testing-devices-market-101235

List of the Companies Profiled in the Market:

Werfen (Barcelona, Spain)

CoaguSense, Inc. (California, United States)

Helena Laboratories Corporation (Texas, United States)

Medtronic (Dublin, Ireland)

Abbott (Illinois, United States)

Hoffmann-La Roche Ltd (Basel, Switzerland)

Siemens Healthcare GmbH (Munich, Germany)

Koninklijke Philips N.V. (Amsterdam, Netherlands)

HemoSonics, LLC (Virginia, United States)

Increasing Adoption of TEG Testing for COVID-19 Patients to aid in Market Exhibiting 9.9% Year-on-Year Growth in 2020

Several healthcare organizations are suggesting thromboelastography (TEG) testing for COVID-19 patients to prevent formation of blood clot. According to the study published by Economic Times, COVID-19 patients were more prone to suffer from venous blood clot, renal failure, and other complications. Therefore, the increasing adoption of advanced testing procedures is expected to bode well for the growth of the market amid the novel coronavirus. Moreover, the market is likely to exhibit an impressive CAGR of 9.9% in 2020.

Growing Demand for Affordable Healthcare Services to Propel Market Growth

According to the data by the American Society of Hematology, the total cost for the treatment of hemophilia in hospitals incurs between USD 300,000 to USD 500,000 in the U.S annually. This is likely to put an economic burden on patients in the emerging and less developed regions globally. Therefore, the growing demand for affordable healthcare systems is propelling the manufacturers to develop innovative point-of-care coagulation testing devices. Moreover, the development of portable testing devices to increase the efficiency and convenience of testing procedures is expected to boost the global point-of-care (POC) coagulation testing devices market growth during the forecast period.

SEGMENTATION

Anticoagulation Monitoring Devices Segment Held 81.0% Market Share in 2019

Based on device type, the anticoagulation monitoring devices segment held a market share of about 81.0% in 2019 and is expected to experience significant growth during the forecast period. This is attributable to the increasing demand for these devices due to their ability to produce faster and accurate test results worldwide.

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Global Thromboelastography Machine Market Size, Overview, Key Drivers & Forecast – Expected to Reach at a CAGR of 6.8% by 2023

A fresh research report presented by KD Market Insights provides a detailed analysis of “Global Thromboelastography Machine Market Outlook 2018-2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business is going through. The research provides a complete understanding of the Thromboelastography Machine Market in terms of revenue. Report start from the market overview section which demonstrates the market drivers, restraints and opportunities that influence the current and future status of the market. It also includes key trends, implementation restraints, end-user product issues and many more. These factors are responsible for changing the market scenario. The deep analysis of each segment in the report is provided in order to provide a thorough understanding of the overall scenario in the Thromboelastography Machine market. The report covers the competitor’s strategies that help them to capture the market. Request for Sample @ https://www.kdmarketinsights.com/sample/1680 Global thromboelastography machine market is anticipated to grow at a CAGR of 6.8% by 2023, according to a new report published by KD Market Insights. The report segments the market and forecasts its size, by volume and value, on the basis of application (hospital, academia, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America). The report covers forecast and analysis for the Thromboelastography Machine market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the Thromboelastography Machine market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Thromboelastography Machine market on a global level. The report has been prepared based on the synthesis, analysis, and interpretation of information about the global Thromboelastography Machine market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile. The research report provides analysis and information according to market segments such as geographies, types, and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global Thromboelastography Machine market. Key Applications – Hospital – Academia Key Regions – North America – Europe – Asia Pacific – Middle East and Africa – South America Key Questions Answered in this Report – What will the market size be in 2023? – What are the key factors driving the global Thromboelastography Machine market? – What are the challenges to market growth? – Who are the key players in the Thromboelastography Machine market? – What are the market opportunities and threats faced by the key players? Browse Full Report with TOC @ https://www.kdmarketinsights.com/product/global-thromboelastography-machine-market Table of Contents: Part 1. Summary Part 2. Report Methodology 2.1 Methodology 2.2 Data Source 2.3 Disclaimer Part 3. Market Overview 3.1 General Information 3.2 Segmentation by Application 3.2.1 Overview 3.2.2 Global Thromboelastography Machine Market by Application 3.3 Regional Thromboelastography Machine Market Size (Status & Prospect) 3.3.1 North America 3.3.2 Europe 3.3.3 Asia-Pacific 3.3.4 the Middle East & Africa 3.3.5 South America Part 4. Competitive Landscape 4.1 Global Thromboelastography Machine Sales & Share by Company (2013-2018) 4.2 Global Thromboelastography Machine Revenue & Share by Company (2013-2018) 4.3 Price Trends 4.4 Competitive Trends Part 5. Segmentation by Application 5.1 Global Thromboelastography Machine Sales Volume by Application (2013-2018) 5.2 Global Thromboelastography Machine Revenue by Application (2013-2018) 5.3 Global Thromboelastography Machine Price by Application (2013-2018) Part 6. Regional Perspectives 6.1 Overview 6.2 North America 6.2.1 by Application 6.2.2 by Country (U.S., Canada, Mexico, etc.) 6.3 Europe 6.3.1 by Application 6.3.2 by Country (Germany, UK, France, Spain, Italy, etc.) 6.4 Asia-Pacific 6.4.1 by Application 6.4.2 by Country (China, Japan, Korea, India, etc.) 6.5 the Middle East & Africa 6.5.1 by Application 6.5.2 by Country (Saudi Arabia, Turkey, Nigeria, Iran, South Africa, etc.) 6.6 South America 6.6.1 by Application 6.6.2 by Country (Brazil, Argentina, Colombia, etc.) Part 7. Company Profiles 7.1 Company Profile 7.2 Product Offered 7.3 Business Performance (2013-2018) Part 8. Market Forecast 8.1 Global Thromboelastography Machine Market Size Forecast (2018-2023) 8.1.1 Global Thromboelastography Machine Sales Forecast (2018-2023) 8.1.2 Global Thromboelastography Machine Revenue Forecast (2018-2023) 8.2 Forecast by Region 8.2.1 North America 8.2.2 Europe 8.2.3 Asia-Pacific 8.2.4 Middle East & Africa 8.2.5 South America 8.3 Forecast by Application Part 9. Industry Value Chain 9.1 Thromboelastography Machine Industry Value Chain Analysis 9.2 Upstream Raw Materials 9.3 End-users & Customers 9.4 Distributors Continue…… Check for Discount @ https://www.kdmarketinsights.com/discount/1680 About KD Market Insights KD Market Insights has come with the idea of helping business by intelligent decision making and a thorough understanding of the industry. We offer a comprehensive database of syndicated research, customized reports as well as consulting services to help a business grow in their respective domain. 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Thromboelastography Machine Market - Size, Share, Outlook, and Forecast by 2018-2026

Worldwide Market Reports added Latest Research Report titled "Thromboelastography Market " to its Large Report database.

Thromboelastography (TEG) is a method used for testing the efficiency of blood coagulation. This test is mainly used in surgery and anesthesiology. There are other tests for blood coagulation, which include prothrombin time (PT,INR) and partial thromboplastin time (aPTT). These tests are capable of measuring the coagulation factor function. However, by using TEG, platelet function, clot strength, and fibrinolysis can also be assessed. TEG machines are used for carrying out this test.

The addition of TEG machines for blood management program will help in predicting and managing coagulopathy, help in assessing the risk for re-operation, and will lead to cost saving, as it reduces unnecessary blood component transfusions. These machines find applications in hospitals, blood banks, pharmaceutical, and academia.

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Increasing prevalence of surgeries in various domains of healthcare is one of the major factors driving growth of thromboelastography machine market size. Rising interest in its clinical use in trauma resuscitation, particularly for managing acute coagulopathy of trauma and assisting decision making concerning transfusion is another factor that is expected to fuel growth of the market over the forecast period.

However, increasing number of research and development activities that might lead to the development of new methods for testing the efficiency of blood coagulation is expected to affect growth of thromboelastography machine market.

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Key Developments in Thromboelastography Machine Market

Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain its position in the thromboelastography machine market. Haemonetics is one of the major players operating in the thromboelastography machine market.

TEG 5000 is a thromboelastograph hemostasis analyzer system manufactured by Haemonetics. It is a diagnostic instrument that helps in providing comprehensive whole blood hemostasis testing. Also, it helps in assessing bleeding and thrombotic risks, and also monitor antithrombotic therapies.

TEG 6s is another system by Haemonetics, which provides rapid, comprehensive and accurate identification of an individual’s hemostasis condition in a laboratory or point-of-care setting. Although TEG 6s delivers the same quality test results, it does not involve the complicated test preparation process. Moreover, it allows clinicians to drive personalized, clinically, and economically sound treatment and monitoring decisions with confidence.

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