- Point-of-Care Testing Devices
Asia Pacific hemostasis diagnostics market size is valued at USD 748.2 million in 2021 and is expected to grow at a CAGR of 10.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Asia Pacific hemostasis diagnostics market, and that can be segmented by product type, by test type, by technology, and by end user. By product type, the market has been segmented into Systems, Consumables, Point-of-Care Testing Devices. Point-of-Care Testing Devices segment is likely to be the largest and fastest-growing segment in terms of type. Based on test type, the Asia Pacific hemostasis diagnostics market is segmented into Fibrinogen Test, Activated Clotting Time, Platelet Function, Prothrombin Time, Heparin & Protamine Dose-Response Test For ACT, Activated Partial Thromboplastin Time, Anti-Factor Xa, Other Coagulation Tests. Among these, the Fibrinogen Test segment is growing at a significant rate in the global hemostasis diagnostic market during the forecast period 2022-2028. Based on technology, the Asia Pacific hemostasis diagnostics market is segmented into Optical, Mechanical, Electrochemical, and Others. The optical segment accounts for the largest share in 2021.Based on end user, the segment has been segregated into Hospitals, Clinics, Diagnostic Laboratories, Others (POC). The hospital segment is expected to dominate other segments in the market during the forecast period according to precision business insights. Hemostasis diagnostics devices helps in detection of hemostatic abnormalities such as excessive bleeding. Hemostasis is a bodyâ€™s normal reaction to an injury to reduce blood loss and repair on the injury. The rise in the prevalence of several diseases such as cancer, diabetes, etc, population and lifestyles changes, the rise in the prevalence of hemophilia, and the increase in technological advancements are the major drivers in the Asia Pacific hemostasis market. Furthermore, increased awareness of hemostasis is also expected to boost the Asia Pacific diagnostics market.
Fastest Growing Market
Growing geriatric population, rise in prevalence of various diseases such as hemophilia are anticipated to propel the market growth over the forecast years. Moreover, the increasing technological advancement is also boosting the Asia Pacific market growth over the forecast years.
The fastest-growing segment of the Asia Pacific hemostasis diagnostics market is point of care testing devices because of minimally trained professionals can also effectively use POC instruments for diagnosis.
The growing technological advances in molecular diagnostics, immunoassays, inexpensive diagnostic products, monoclonal antibodies, laboratory automation is the key trends in the Asia Pacific hemostasis diagnostic market.
The growing geriatric population is driving the number of surgeries such as cardiovascular diseases (CVD), using hemostasis devices which can be the major opportunity in the global hemostasis diagnostic market.
Rising prevalence of hemophilia and growing geriatric populations are the major driver in the global hemostasis diagnostic market. However, the lack of awareness about hemostasis diseases in emerging countries may hamper the market growth in the Asia Pacific region.