The hemostasis diagnostic devices and equipment market consists of sales of hemostasis diagnostic devices. Hemostasis is a process of slowing and stopping the blood flow to initiate wound healing after a vascular injury. Hemostasis is the first step of healing a wound, it happens in three main stages, blood coagulation, platelet plug formation and lastly vasoconstriction. There are three types of devices which help speed up the hemostasis process, vascular closure devices (VCD), compression devices, and there are bandages coated with agents which will speed the clotting process. With the help of hemostasis diagnostic devices, we can predict the cause of bleeding during surgery by identifying any hemostatic defects which patients may have.
Global Hemostasis Diagnostic Devices And Equipment Market Size And Drivers:
The global hemostasis diagnostic devices and equipment market is expected to grow from $1.93 billion in 2020 to $2.99 billion in 2021 at a compound annual growth rate (CAGR) of 54.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.27 billion in 2025 at a CAGR of 9.3%. The increased likelihood of older people being diagnosed with a disease is driving the number of surgeries such as cardio vascular diseases (CVD), using hemostasis devices.
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Trends In The Global Hemostasis Diagnostic Devices And Equipment Market
Emergence of new and improved technology in the hemostasis diagnostic device and equipment market. To improve the quality and success rate of operations, new and improved technology such as the collagen vascular hemostasis devices have been implemented. Collagen is the main structural protein found in skin and other connective tissues. It is widely used in purified form for cosmetic surgical treatments and has now emerged in the hemostasis diagnostic devices market. A patient can face immobility right after a femoral surgery leading to increased discomfort, as a result collagen-based closure device have been implemented. According to a study conducted by the American Journal of Neuroradiology which they surveyed 698 Angio-Seal closures, using the Angio seal reduced average time before mobilization by close to 15 minutes with no major complications. Angio seal is a type of collagen hemostasis device which reduces the average time of hemostasis and betters the mobilization of the patient.
Global Hemostasis Diagnostic Devices And Equipment Market Segments:
The global hemostasis diagnostic devices and equipment market is further segmented –
By Product: Analyzers, Coagulation Instrument, Other Hemostasis Instruments, Reagents and Kits
By End User: Hospitals, Clinics, Independent Diagnostic, Laboratories, Others
By Device Technology: Automated, Semi-Automated, Manual
By Geography: The global hemostasis diagnostic devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Hemostasis Diagnostic Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides hemostasis diagnostic devices and equipment market overviews, analyzes and forecasts market size and growth for the global hemostasis diagnostic devices and equipment market, hemostasis diagnostic devices and equipment market share, hemostasis diagnostic devices and equipment market players, hemostasis diagnostic devices and equipment market segments and geographies, hemostasis diagnostic devices and equipment market’s leading competitors’ revenues, profiles and market shares. The hemostasis diagnostic devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
