Global Channel Coagulometer Market - 2022-2029

Global Channel Coagulometer Market - 2022-2029
Market Overview

Channel Coagulometer Market size was valued US$ YY million in 2021 and is estimated to reach US$ YY million by 2029, growing at a CAGR of YY % during the forecast period (2022-2029).

A blood coagulometer is an analyzer used to test the coagulation efficiency of blood to diagnose and assess bleeding disorders such as hemophilia or monitor patients taking anticoagulant medicines such as aspirin, heparin, or warfarin. There are six to seven different kinds, including the two-channel coagulometer, four-channel coagulometer, six-channel coagulometer, seven-channel coagulometer, and eight-channel coagulometer, and so on. Moreover, it also assists doctors in developing individualized antiplatelet therapy.

Market Dynamics

Innovations in the channel coagulometer are expected to drive market growth.

A modern four-channel photo-optical coagulation analyzer created by Medsource Ozone Biomedicals features a touch screen interface for user comfort latest clot detection technology. Three reagent stations and 22 sample positions for incubation, automatic optical start, LED technology Results in INR, Ratio, Quick%, Low reagent and sample volume required, no bars or stirrers needed, an instrument that requires no upkeep Can perform four tests at once (simultaneously), Compatibility with PT, aPTT, TT, FIB, D-Dimer, Factors, Protein C, Protein S, and essentially any Hemostasis assay, etc. Observations from 180 patients.

Moreover, an innovative new product was launched in the Coagulation segment on October 20, 2021, to improve clinical outcomes and productivity. The debut of a new line of Coagulation Analyzer products made by Diagon Ltd. has been announced by Trivitron Healthcare, a prominent provider of medical devices. After signing a collaboration agreement, Trivitron announced the launch of these products for the Indian diagnostics market in collaboration with Diagon-Vanguard Diagnostics India. This launch bodes well for the medical community because it expands patient management and improves clinical decision-making effectiveness. The COAG Line automated, semi-automated, and POC systems produced by Diagon Hungary are among the new products. They are used to assess the effectiveness of anticoagulant medications and hemostatic therapy and to reduce the risk of bleeding during extensive procedures. Thus, from the above statements, the market is expected to drive in the forecast period.

Restraint:

The high cost of the analyzers, stringent regulatory approvals, and lack of skilled professionals for managing the analyzers are the factors the market is expected to get hampered in the forecast period.

Industry Analysis

The channel coagulometer market provides in-depth analysis of the market based on various industry factors such as supply chain, pricing analysis, regulatory analysis etc.

COVID-19 Impact Analysis

The COVID-19 pandemic has moderately impacted the market. During the pandemic, it is crucial to comprehend the frequency of bleeding and thrombotic symptoms linked to COVID-19 coagulopathy, as well as the clinical value of abnormal coagulation testing to identify the likelihood of bleeding, thrombosis, and the severity of the sickness. Besides D-dimer, a prolonged prothrombin time (PT) has also been linked to a lower chance of survival and a greater demand for critical care. Disseminated intravascular coagulation (DIC), linked to >70% of patients who die from the infection, has been described based on test results. As a result, the channel coagulometer is now more in demand. In contrast, COVID-19 has weakened the supply chain and created a global shortage of channel coagulometer products. Thus, the COVID-19 pandemic has affected the market. However, the situation is expected to improve gradually in the forecast period.

Segment Analysis

Hospital segment is expected to hold the largest market share in channel coagulometer market.

The hospital segment accounted for the largest market share in 2021. The increasing number of hospitals and their growing infrastructure are the factors to drive the market growth. For instance, in 2020, Colombia had the highest hospital count, around 10,899. In comparison, Japan had around 8,238 hospitals. Moreover, as of November 18, 2021, 80,136 Ayushman Bharat-Health and Wellness Centres (AB-HWCs) are operational in India. As of November 18, 2021, 638 e-Hospitals are established across India as part of the central government's 'Digital India' initiative. Therefore, it has led to increasing demand for channel coagulometers. Thus, from the above statements, the market segment accounted for the largest market share in the forecast period.

Geographical Analysis

North America region holds the largest market share in the global channel coagulometer market

In 2021, the North American channel coagulometer accounted for the highest revenue share in the global market. The increasing prevalence of blood clotting-related disorders, technological advancement in the channel coagulometer, well-established infrastructure, and product launches by the key market players are the factors that drive the market in the forecast period. For instance, Von Willebrand disease, the most prevalent genetic bleeding disorder in America brought on by clotting proteins, affects a lot more people. Both sexes are susceptible to Von Willebrand disease. Moreover, the most common inherited bleeding disorder among American women is a common cause of heavy menstrual bleeding and other bleeding problems in women and adolescent girls. Therefore, it has increased the demand for channel coagulometers in the region; thus, the North American region has the largest market share.

Competitive Landscape

Major key players in the channel coagulometer market are HORIBA Medical, LINEAR CHEMICALS S.L.U., BioSystems S.A., Rayto Life and Analytical Sciences Co.,Ltd., Micro Lab Instruments, TECO Medical Instruments, Helena Biosciences, Genrui Biotech Inc., Biobase and Maccura Biotechnology Co., Ltd.

Micro Lab Instruments:

Overview:

Micro Lab Instruments is one of India's fastest-growing diagnostic companies based in Ahmedabad, the Western state of India, established in 1993. The company manufacturers and exporters a wide range of Biochemistry Analyzer, Electrolyte Analyzer, Elisa Reader, Dry Bath Incubator, Elisa Plate Washer, Single Channel coagulometers and much more. The organization is supported by a team of experienced professionals, which directs its sincere and painstaking efforts to provide its customers with the best solution for their needs. Moreover, the company exports its products to countries including Egypt, Peru, Ethiopia, South Africa and Kenya.

Product Portfolio:

Single Channel Coagulometer:

Main Features:
• Semi-automatic Single channel coagulometer
• Printout of the graph and results
• On-board storage capability up to 20 assays
• Open system with user friendly software
• All methods creatable, editable, copy and delete
• Automated calculation results in seconds, %, INR, g/l, mg/dl, Ratio
• Calibration/reference curves editable up to 9 measurement points
• Automatic start-pipette connectable
• Automated cuvette detection and calculation
• Data transmission to SD-card or external PC (Optional)

The global channel coagulometer market report would provide an access to an approx. 45+market data table, 40+figures and 160pages.