Thrombosis And Hemostasis Biomarkers Market

Global Thrombosis And Hemostasis Biomarkers Market Size, Share & Industry Trends Analysis Report By Product, By Application, By End-use, By Location (Clinical Laboratory Tests, and Point-of-Care Tests), By Type, By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-16111 Publication Date: June-2023 Number of Pages: 347
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Analysis of Market Size & Trends

The Global Thrombosis And Hemostasis Biomarkers Market size is expected to reach $7.4 billion by 2030, rising at a market growth of 5.6% CAGR during the forecast period.

Clinical Laboratory Test are growing for evaluating the extremity of the illness and inform therapy choices. Moreover, the growing aging population emerges the need for frequent lab tests especially in emerging nations. Therefore, clinical laboratory tests are expected to capture more than 65% share of the market by 2029. For example, by 2050, it is expected that the world population will reach almost 1.5 billion, up by more than triple. Additionally, it is anticipated that the proportion of senior individuals worldwide will rise to 16.0% in this period. By the middle of the 21st century, one in six individuals will be 65 or older. The "population aging phenomenon" refers to the increasing prevalence and proportion of older people in the world's population. In addition, 703 million individuals worldwide in 2019 were 65 or older. Some of the factors impacting the market are increased occurrence of chronic disorders, rising demand for personalized medications, and limitations regarding the use of hemostasis biomarkers.

Thrombosis And Hemostasis Biomarkers Market Size - Global Opportunities and Trends Analysis Report 2019-2030

Chronic diseases or noncommunicable diseases (NCDs) are becoming more commonplace on an international level. Hemostasis and thrombosis tests help to regulate the occurrence of a variety of health conditions, illnesses, injuries, or afflictions of chronic diseases. Apart from helping patients recover quickly and achieve the greatest results, it supports further medical interventions, like surgical procedures. The rapidly rising need for personalized medicine to treat various illnesses and disorders in accordance with a specific patient's needs is one of the key drivers fueling the demand. This element is promoting the market. The COVID-19 pandemic favorably impacted the market. According to the National Library of Medicine findings in September 2020, thrombotic problems were quite common in COVID-19 patients. These complications were a contributing factor in the high death and morbidity rates. The pandemic raised awareness, generating major new opportunities for market competition.

However, on the question of hemostasis and how to manage cases with significant damage, discussions among doctors and other medical professionals are still ongoing. A hemostatic agent by itself would not be very helpful in the event that a person suffers a significant injury that causes excessive blood loss. Hence, in the coming years, these factors may impede the growth of the market.

Product Outlook

Based on product, the market is characterized into analyzers and reagents & consumables. The reagents and consumables segment garnered the highest revenue share in the market in 2022. The substantial need for diagnostic tools, the rising prevalence of coagulation and bleeding disorders, and recent product introductions are all factors that contributed to the segment's market dominance. Throughout the projected period, the reagents and consumables segment are anticipated to increase significantly.

Application Outlook

Based on application, the market is segmented into deep vein thrombosis (DVT), pulmonary embolism (PE), disseminated intravascular coagulation (DIC), and others. The pulmonary embolism (PE) segment witnessed a significant revenue share in the market in 2022. Blood clots in the lungs' blood vessels can also form in other body regions like the arms or legs and lead to the condition known as pulmonary embolism. PE is one of the most prevalent forms of cardiovascular disease, ranking third after heart attack and stroke. For instance, the American Lung Association estimates that almost 900,00 Americans are affected with PE each year as of January 2023.

Thrombosis And Hemostasis Biomarkers Market Share and Industry Analysis Report 2022

Location Outlook

On the basis of location, the market is classified into clinical laboratory tests and point-of-care tests. The point-of-care tests segment recorded a significant revenue share in the market in 2022. Since POC tests can deliver answers in just a few minutes, they are convenient for healthcare practitioners. The market is driven by POCT, which enables diagnostic tests to be conducted outside of traditional clinical laboratory environments, such as doctor's offices, ERs, or even patients' homes.

Type Outlook

By type, the market is divided into D-dimer, anti-thrombin III, plasminogen & fibrinogen, soluble fibrin, selectins, factor VIII, PT, APTT, and others. The post-thrombin (PT) segment witnessed the maximum revenue share in the market in 2022. The test makes it possible to keep track of how well anticoagulant drugs, such as warfarin, which are intended to stop blood clots, are working. Additionally, it is used to diagnose liver illnesses and blood disorders. For people who are not using blood thinners, it normally takes blood plasma 11 to 13.5 seconds to clot.

End Use Outlook

On the basis of end-use, the market is categorized into hospitals & clinics, academic & research institutes, diagnostic centers, and others. The diagnostic centers segment garnered the largest revenue share in the market in 2022. The increase in hospitals' reliance on diagnostic centers for testing and assessment is likely to be responsible for the share, which further fuels the segment's rapid expansion. The expansion of government initiatives to offer various amenities, such as reimbursement for diagnostic testing, is another significant element anticipated to fuel industry growth.

Thrombosis And Hemostasis Biomarkers Market Report Coverage
Report Attribute Details
Market size value in 2022 USD 4.8 Billion
Market size forecast in 2030 USD 7.4 Billion
Base Year 2022
Historical Period 2019 to 2021
Forecast Period 2023 to 2030
Revenue Growth Rate CAGR of 5.6% from 2023 to 2030
Number of Pages 347
Number of Table 570
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling
Segments covered Product, Location, Type, Application, End-use, Region
Country scope US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers
  • Increased occurrence of chronic disorders
  • Rising demand for personalized medications
Restraints
  • Limitations regarding the use of hemostasis biomarkers

Regional Outlook

Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment acquired the maximum revenue share in the market in 2022. The rising frequency of thrombosis and hemostasis disorders, technological developments, and ongoing R&D in thrombosis and hemostasis biomarkers are the main factors propelling the market in this region. As an illustration, according to the Centers for Disease Control and Prevention, the predicted yearly mortality of venous thromboembolism (VTE) in this the US ranges from 60,000 to 100,000.

Free Valuable Insights: Global Thrombosis And Hemostasis Biomarkers Market size to reach USD 7.4 Billion by 2030

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd., Siemens Healthineers AG (Siemens AG), Abbott Laboratories, BioMérieux S.A., Horiba Ltd., QuidelOrtho Corporation, Werfen, S.A., Diazyme Laboratories, Inc. (General Atomics) and BioMedica Diagnostics Inc. (Scotia Investments Family of Companies).

Scope of the Study

Market Segments Covered in the Report:

By Product

  • Reagents & Consumables
  • Analyzers

By Application

  • Deep Vein Thrombosis (DVT)
  • Pulmonary Embolism (PE)
  • Disseminated Intravascular Coagulation (DIC) & Others

By End-Use

  • Diagnostic Centers
  • Hospitals & Clinics
  • Academic & Research Institutes and Others

By Location

  • Clinical Laboratory Tests
  • Point-of-Care Tests

By Type

  • Post-Thrombin (PT)
  • Activated Partial Thromboplastin Time (APTT) Test
  • D-Dimer
  • Anti-Thrombin III
  • Plasminogen & Fibrinogen
  • Soluble Fibrin
  • Selectins
  • Factor VIII
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Thermo Fisher Scientific, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Siemens Healthineers AG (Siemens AG)
  • Abbott Laboratories
  • BioMérieux S.A.
  • Horiba Ltd.
  • QuidelOrtho Corporation
  • Werfen, S.A.
  • Diazyme Laboratories, Inc. (General Atomics)
  • BioMedica Diagnostics Inc. (Scotia Investments Family of Companies)
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Frequently Asked Questions About This Report

The Market size is projected to reach USD 7.4 billion by 2030.

Rising demand for personalized medications are driving the Market in coming years, however, Limitations regarding the use of hemostasis biomarkers restraints the growth of the Market.

Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd., Siemens Healthineers AG (Siemens AG), Abbott Laboratories, BioMérieux S.A., Horiba Ltd., QuidelOrtho Corporation, Werfen, S.A., Diazyme Laboratories, Inc. (General Atomics) and BioMedica Diagnostics Inc. (Scotia Investments Family of Companies).

The expected CAGR of this Market is 5.6% from 2023 to 2030.

The Deep Vein Thrombosis (DVT) segment is leading the Global Thrombosis And Hemostasis Biomarkers Market by Application in 2022 thereby, achieving a market value of $3.1 billion by 2030.

The North America market dominated the Global Thrombosis And Hemostasis Biomarkers Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.5 billion by 2030.

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