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Prothrombin Time Testing Market research to Witness Rapid Growth in Demand During 2019 – 2029 – Lake Shore Gazette

Prothrombin Time Testing Market research to Witness Rapid Growth in Demand During 2019 – 2029

Prothrombin time (PT) is a blood test which is used to assess the time required to clot a blood. This test is useful to detect and diagnose various bleeding and excessive clotting disorder and also used to monitor the efficacy of various anticoagulant. The major factors that contribute to the growth of Prothrombin time testing Market includes increasing prevalence of cardiovascular diseases in geriatric population. Cardiovascular disease (CVD) and blood disorders are leading cause of death for several countries like, Europe, South Asia, Africa, and America. Almost half of Americans are at risk for heart disease, and the numbers are rising, this factors provides excellent opportunity for the growth of prothrombin time testing market.

Prothrombin time testing Market: Drivers and Restraints

Geriatric population from various countries are more prone to cardiovascular and blood disorders and increased usage of Point-Of-Care Testing (POC T) products as well as homecare products is expected to drive the growth of the market. Additionally, public awareness regarding the benefits and effectiveness of these devices for detecting the blood disorders is also considered as a key factor to drive the growth of prothrombin time testing market. Due to technological advancements such as faster and easy-to-use devices with advanced sensors technology prothrombin time testing devices is becoming more and more popular day by day.

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Furthermore, high preference towards the anti-coagulation agent (like warfarin) by physicians, increased testing frequency, and strong reimbursements for medical practitioners are responsible to drive the growth of Prothrombin time testing Market. However, due presence of strict regulations by various regulatory authorities, the approval process becoming time-consuming and complicated and this factor is expected to hamper the growth of prothrombin time testing market.

Prothrombin time testing Market: Overview

The global Prothrombin time testing Market is estimated to experience a significant growth during the forecast period due to increased incidence of blood and Cardiovascular (CVD) diseases which may further creating the lucrative opportunity for key players present in the prothrombin time testing market. The current structure of the Prothrombin time testing Market include TT, PTT, aPTT, PT and few others. Each of the Prothrombin time testing device uses different type of mechanism and giving precise and accurate results. The major key player present in market trying to acquire the market by making more and more technical advancement into their product to make it highly advanced and capable to produce accurate results without any fluctuation.

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Prothrombin time testing Market: Regional Wise Outlook

Globally, Prothrombin time testing Market is segmented into seven regions which is North America, South Asia, East Asia, Europe, Latin America, Oceania and Middle East and Africa. The North America region is estimated to have a significant share in the Prothrombin time testing Market, owing to its quality infrastructure supporting the need of Prothrombin time testing Market. The South Asia Prothrombin time testing Market would turn as a lucrative market opportunity for key players, with present change in adoption and growth in medical device market. Growth of prothrombin time testing market in Middle East and Africa is considerably low due to lower product penetration. The developed as well as emerging economies are also moving at a good pace due to Continuous development by key players to increase accuracy of test results.

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Prothrombin time testing Market: Key Market Participants

Some of the market participants in a Prothrombin time testing Market identified across the value chain include: NIHON KOHDEN CORPORATION, SEKISUI MEDICAL, Coagulation Sciences LLC, Universal Biosensors, F. Hoffmann-La Roche, HemoSonics, Sysmex Corporation, Medtronic, Micropoint Biosciences, ARKRAY, Diagnostica Stago S.A.S., Beckman Coulter, Grifols, and Chrono-log Corporation, Thermo Fisher Scientific, Abbott, Helena Laboratories, Siemens Healthcare GmbH and others.

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