The global bleeding disorder testing market is expected to garner a market value of USD 95 Billion in 2023 and is expected to accumulate a market value of USD 190 Billion by registering a CAGR of 7.2% in the forecast period 2023 to 2033.
The rising prevalence of various types of bleeding disorders such as Von Willebrand disease, haemophilia A, haemophilia B, and others are driving the bleeding disorder testing market growth.
A clump of platelets and a specific type of blood cell develops in the affected bodily area. This clot keeps pathogens out of the blood and keeps blood from draining from the wounded region. Bleeding disorder testing can help identify whether particular clotting factors are present and how long it takes for blood to clot.
The test determines how long it takes for the arteries to constrict and for platelets in the blood to shut off the opening. Von Willebrand disease is the most prevalent bleeding ailment, affecting around 1 in every 100 persons, or up to 1% of the USA population, as stated by the National Hemophilia Foundation.
Data Points | Key Statistics |
---|---|
Expected Market Value (2023) | USD 95 Billion |
Anticipated Forecast Value (2033) | USD 190 Billion |
Projected Growth Rate (2023 to 2033) | 7.2% CAGR |
The global demand for bleeding disorder testing is projected to increase at a CAGR of 7.2% during the forecast period between 2023 and 2033, reaching a total of USD 195 Billion in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 6%.
The increased frequency of bleeding disorders among the general population, as well as the growing elderly population, which is more vulnerable to certain medical diseases, are among the primary drivers driving the global market. Additionally, the increasing acceptance of health insurance policies that give financial support for bleeding disorder treatment bleeding, testing, and lower healthcare costs is favorably affecting the market.
Increasing Prevalence of Blood Disorders to Improve Maintenance and Performance
Blood problems are a type of chronic sickness. They are also dangerous since they circulate throughout the blood. Disorders such as liver disease, anaemia, and other blood coagulation issues have grown, as has the need for bleeding disorders testing. These hereditary illnesses resulted in profitable market expansion.
Investments by the Government in Healthcare Interoperability Influencing the Market
The federal government's increased financing to drive the adoption of these solutions has an additional impact on the industry. Furthermore, the increase in healthcare spending, developments in healthcare infrastructure, and increasing demand for extended care delivery all have a beneficial impact on the bleeding disorders testing industry, supporting market expansion.
A Scarcity of Qualified Professionals to be a Major Obstacle for the Market Growth
The shortage of qualified experts and talented professionals would be a significant hindrance to the expansion of the bleeding disorders testing market. Medication prices will also hinder market expansion.
Inadequate reimbursement policies will limit the breadth as well. Unprofessional therapies can have serious consequences for the patient's health. This difficulty is impeding market expansion.
Low adherence to regulations to Impede Market Growth
The lack of attention of national organizations and other institutions in developing nations on raising awareness about these illnesses results in limited penetration of testing. This problem is impeding market expansion by preventing early diagnosis and effective patient care.
Government’s Initiative for Better Healthcare Infrastructure Widening Profit Margins
As a consequence of greater knowledge of bleeding disorders and treatment alternatives, Asia-Pacific is likely to see a significant CAGR in the future years, boosting the worldwide bleeding disorder testing market.
Furthermore, the government's push to develop healthcare infrastructure benefits the expansion of the bleeding disease testing business. As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6.5% in the assessment period 2023 to 2033.
Increased Availability of Testing Devices to Push Market Sales in the Region
North America is expected to have the highest CAGR over the projection period, owing to the increase that can be attributed to the increased availability of bleeding disorder testing instruments and the rising number of regulatory approvals.
The rising awareness about the bleeding disorders symptoms and diagnosis rate of bleeding disorders is expected to drive market expansion. North America is expected to grow at a CAGR of 7.1% in the assessment period 2023 to 2033.
Increasing Frequency of Disorders in the Region fuelling Sales
The increasing frequency of bleeding disorders in Germany, the United Kingdom, and other nations is expected to drive the Europe bleeding disorder testing market share. The expanding patient population and rising adherence to recommendations boosted demand.
The testing tools and technologies in this region are quite advanced, which has increased the market share. Thus, owing to the aforementioned reasons, Europe is expected to grow at a CAGR of 6.9% in the forecast period 2023 to 2033.
The Reagents and Consumables segment will see Profitable Growth
The market is divided into two categories: reagents & consumables and instruments. Given the skyrocketing frequency of testing driven by healthcare access in emerging nations, the reagents and consumables industry is expected to rise significantly.
The Hemophilia A Segment share will Increase
The bleeding disorder testing market is divided into haemophilia A, haemophilia B, Von Willebrand disease, idiopathic thrombocytopenic purpura, and others. Over the projection period, the haemophilia A sector is expected to increase significantly. The increase can be attributed to the rising prevalence of bleeding disorders.
The Diagnostic Centers Segment will see a Commendable Increase
The market is split into hospitals & clinics, diagnostic centers, and others based on end-user. Over the forecast period, the diagnostic center's segment is expected to increase significantly. The rise can be attributed to an increase in the number of portable analyzers and rapid technological developments.
Key start-up players in the bleeding disorder testing are:
Prominent bleeding disease testing organizations are focusing on strategic strategies such as alliance development, acquisitions, mergers, and others. These actions are being done to strengthen the market position. Increasing involvement in trade shows is one of the extra strategies. Key players in the bleeding disorder testing market are Sysmex Corporation, Siemens Healthcare GmbH, F. Hoffmann-La Roche Ltd., HORIBA Ltd., and Abbott, Thermo Fisher Scientific Inc.
Recent Developments:
Report Attribute | Details |
---|---|
Market Value in 2023 | USD 95 Billion |
Market Value in 2033 | USD 190 Billion |
Growth Rate | CAGR of 7.2% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type, Indication, End User, Region |
Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia; Middle East & Africa |
Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Malaysia, Singapore, Thailand, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Siemens Healthcare GmbH; F. Hoffmann-La Roche Ltd.; Abbott Laboratories; Thermo Fisher Scientific Inc.; Atlas Medical GmbH; Horiba Ltd.; Hyphen Bio Med; Precision Biologics Incorporated; Pfizer Inc.; Baxter |
Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Indication, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Indication, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Indication, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 15: Europe Market Value (US$ Million) Forecast by Indication, 2018 to 2033
Table 16: Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 17: South Asia & Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: South Asia & Pacific Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 19: South Asia & Pacific Market Value (US$ Million) Forecast by Indication, 2018 to 2033
Table 20: South Asia & Pacific Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 21: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: East Asia Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 23: East Asia Market Value (US$ Million) Forecast by Indication, 2018 to 2033
Table 24: East Asia Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 25: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: MEA Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 27: MEA Market Value (US$ Million) Forecast by Indication, 2018 to 2033
Table 28: MEA Market Value (US$ Million) Forecast by End User, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Indication, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by End User, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Indication, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Indication, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Indication, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 17: Global Market Attractiveness by Product Type, 2023 to 2033
Figure 18: Global Market Attractiveness by Indication, 2023 to 2033
Figure 19: Global Market Attractiveness by End User, 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Indication, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by End User, 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Indication, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Indication, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Indication, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 37: North America Market Attractiveness by Product Type, 2023 to 2033
Figure 38: North America Market Attractiveness by Indication, 2023 to 2033
Figure 39: North America Market Attractiveness by End User, 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Indication, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by End User, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Indication, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Indication, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Indication, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 57: Latin America Market Attractiveness by Product Type, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Indication, 2023 to 2033
Figure 59: Latin America Market Attractiveness by End User, 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) by Indication, 2023 to 2033
Figure 63: Europe Market Value (US$ Million) by End User, 2023 to 2033
Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 69: Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 71: Europe Market Value (US$ Million) Analysis by Indication, 2018 to 2033
Figure 72: Europe Market Value Share (%) and BPS Analysis by Indication, 2023 to 2033
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Indication, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 75: Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 76: Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 77: Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 78: Europe Market Attractiveness by Indication, 2023 to 2033
Figure 79: Europe Market Attractiveness by End User, 2023 to 2033
Figure 80: Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: South Asia & Pacific Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 82: South Asia & Pacific Market Value (US$ Million) by Indication, 2023 to 2033
Figure 83: South Asia & Pacific Market Value (US$ Million) by End User, 2023 to 2033
Figure 84: South Asia & Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: South Asia & Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: South Asia & Pacific Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 89: South Asia & Pacific Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 90: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 91: South Asia & Pacific Market Value (US$ Million) Analysis by Indication, 2018 to 2033
Figure 92: South Asia & Pacific Market Value Share (%) and BPS Analysis by Indication, 2023 to 2033
Figure 93: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Indication, 2023 to 2033
Figure 94: South Asia & Pacific Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 95: South Asia & Pacific Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 96: South Asia & Pacific Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 97: South Asia & Pacific Market Attractiveness by Product Type, 2023 to 2033
Figure 98: South Asia & Pacific Market Attractiveness by Indication, 2023 to 2033
Figure 99: South Asia & Pacific Market Attractiveness by End User, 2023 to 2033
Figure 100: South Asia & Pacific Market Attractiveness by Country, 2023 to 2033
Figure 101: East Asia Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 102: East Asia Market Value (US$ Million) by Indication, 2023 to 2033
Figure 103: East Asia Market Value (US$ Million) by End User, 2023 to 2033
Figure 104: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: East Asia Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 109: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 110: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) Analysis by Indication, 2018 to 2033
Figure 112: East Asia Market Value Share (%) and BPS Analysis by Indication, 2023 to 2033
Figure 113: East Asia Market Y-o-Y Growth (%) Projections by Indication, 2023 to 2033
Figure 114: East Asia Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 115: East Asia Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 116: East Asia Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 117: East Asia Market Attractiveness by Product Type, 2023 to 2033
Figure 118: East Asia Market Attractiveness by Indication, 2023 to 2033
Figure 119: East Asia Market Attractiveness by End User, 2023 to 2033
Figure 120: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Indication, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by End User, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: MEA Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 129: MEA Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 130: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 131: MEA Market Value (US$ Million) Analysis by Indication, 2018 to 2033
Figure 132: MEA Market Value Share (%) and BPS Analysis by Indication, 2023 to 2033
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Indication, 2023 to 2033
Figure 134: MEA Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 137: MEA Market Attractiveness by Product Type, 2023 to 2033
Figure 138: MEA Market Attractiveness by Indication, 2023 to 2033
Figure 139: MEA Market Attractiveness by End User, 2023 to 2033
Figure 140: MEA Market Attractiveness by Country, 2023 to 2033
FMI projects the global bleeding disorder testing market to expand at a 7.2% value CAGR by 2033
The global bleeding disorder testing market is estimated at a market value of USD 95 Billion
The global bleeding disorder testing market is expected to garner a market value of USD 190 Billion
North America is forecast to be the most lucrative for bleeding disorder testing market growth.
Sysmex Corporation, Siemens Healthcare GmbH, F. Hoffmann-La Roche Ltd., HORIBA Ltd., Abbott, and Thermo Fisher Scientific Inc. are some prominent bleeding disorder testing manufacturers
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6.5% in the assessment period 2023 to 2033.
Europe is expected to grow at a CAGR of 6.9% in the forecast period 2023 to 2033.
The diagnostic center's segment is expected to hold the largest market share for bleeding disorder testing in the forecast period 2023 to 2033.
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