According to the new market research report Coagulation Analyzer Market is projected to reach USD 4.84 Billion by 2021 from USD 2.98 Billion in 2016, at a CAGR of 10.2% from 2016 to 2021. Over the last two decades, hemostasis analyzers and reagents have witnessed significant innovations.
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This is transforming the practice of hemostasis testing throughout the world. North America and a major part of the Western European region are saturated markets for hemostasis products. However, developing regions such as Asia-Pacific (China and India), Latin America, and the Middle East are expected to form the new revenue pockets for this market. The hemostasis analyzers and reagents market in these emerging regions is primarily driven by various economic developments. Moreover, the presence of a large patient population, increasing funding/investment towards the development of hemostasis products, growing focus of both international and domestic players on the Asia-Pacific Coagulation Analyzer Market, and a large number of R&D activities are the key factors fueling the growth of the Coagulation Analyzer Market in these regions.
Coagulation analyzers market is dominated by few major players, with the top 3 players accounting for most of the market share. Prominent players in the coagulation analyzers market include Sysmex Corporation (Japan), Siemens Healthcare (Germany), Roche Diagnostics (Switzerland), Instrumentation Laboratory Werfen Group (U.S.), Helena Laboratories (U.S.), Nihon Kohden Corporation (Nihon Kohden) (Japan), Beckman Coulter, Inc. (U.S.), International Technidyne Corporation (U.S.), Diagnostica Stago, Inc. (France), Alere, Inc. (U.S.), and Thermo Fisher Scientific, Inc. (U.S.), among others.
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In the coagulation analyzers market, leading players are adopting the strategies of new product development, geographic expansion, agreements, acquisitions, and joint ventures. Market players adopted these strategies to access new technologies, expand their product portfolios, enter into growing markets, and increase their market shares. In addition to top market players, companies such as Sysmex Corporation (Japan), Siemens Healthcare (Germany), and Roche Diagnostics (Switzerland) are primarily focusing on launching new hemostasis analyzers and reagents to widen their product offerings.
Major strategic developments are taking place in the coagulation analyzers market, which exhibits high-growth potential soon. Dominant market players such as Sysmex Corporation (Japan) and Siemens Healthcare (Germany) introduced several technologically advanced hemostasis analyzers in order to keep pace with industry trends.
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