Increased use of Point-Of-Care Testing (POCT) and home care goods is predicted to boost the sales of prothrombin time testing.
The Prothrombin Time Testing market is expected to grow at a 5% CAGR during the forecast period, reaching a market share of US$ 10.38 Billion in 2032, up from US$ 6.07 Billion in 2021, owing to increased public awareness about the benefits and effectiveness of these devices in detecting blood disorders.
One of the key causes driving the demand for Prothrombin Time Testing is the increased prevalence of cardiovascular problems in the senior population. In Europe, South Asia, Africa, and the United States, cardiovascular disease (CVD) and blood illnesses are the leading causes of death.
Because of a growth in the incidence of blood and cardiovascular disorders, global sales of Prothrombin Time Testing are predicted to grow significantly during the forecast period, creating a profitable opportunity for major Prothrombin Time Testing market participants.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Prothrombin Time Testing Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Prothrombin Time Testing market.
Key Prothrombin Time Testing Market Takeaways and Projections
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Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Prothrombin Time Testing market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Prothrombin Time Testing market.
Some of the prominent market players are profiled by FMI are:
NIHON KOHDEN CORPORATION, SEKISUI MEDICAL, Coagulation Sciences LLC, Universal Biosensors, F. Hoffmann-La Roche, Sysmex Corporation, Medtronic, Micropoint Biosciences, ARKRAY, Diagnostica Stago S.A.S., HemoSonics, Beckman Coulter, Grifols, and Chrono-log Corporation, Abbott, Helena Laboratories, Thermo Fisher Scientific, Siemens Healthcare GmbH and others.
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Apr 25, 2023