Activated Partial Thromboplastin Time Test Market Size, 2022 | Growing Opportunities, Challenges, Emerging-Demands, Trends, Explosive Factors of Revenue by Progression Status, Futuristic Growth, Share and Forecast up to 2031

The Global Activated Partial Thromboplastin Time Test Market accounted for $353.0 million in 2022 and it is expected to register a revenue of $601.2 million, at a CAGR 6.8% during the forecast period.

Market Description:

The Activated Partial Thromboplastin Test (APTT) is a blood test that determines the clotting of blood. The APTT is also called as kaolin cephalin clotting test. The APTT is also used for monitoring the heparin treatment effect. This test evaluates the speed of blood coagulation through two pathways such as common pathway and intrinsic pathway of coagulation.

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Market Drivers:

The increase in the demand of thromboplastin test devices for diagnosis and swift growth in the healthcare infrastructure are key drivers for the activated partial thromboplastin time test market growth. The development in the healthcare infrastructure has resulted in the affordability of the APTT tests along with the availability of the test devices. These factors are further expected to boost the growth of the market during the forecast time. In addition, growing prevalence of blood disorders and COPD disease is creating a demand for anticoagulant therapy to control blood clotting, which is further expected to increase the growth of the market.

Market Restraints:

The price associated with test devices and shortage of professionals to conduct the activated partial thromboplastin test are restraining the growth of the market.

Market Opportunities:

Technological improvements in the testing products along with readily available thromboplastin testing devices are projected to create substantial investment opportunities in the activated partial thromboplastin time test market.

Activated Partial Thromboplastin Time Test Market, by Product Type:

The global activated partial thromboplastin time test market is categorized on the basis of product type, technology, application and end use. Based on product type, the market is further classified into consumables and instruments. The consumables segment accounted for the largest market size in the global market and it was valued over $187.1 million in the 2022. The market for instruments is expected to grow with the highest rate of 7.2% CAGR during the estimated period.

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Activated Partial Thromboplastin Time Test Market, by End use:

The global market is classified on the basis of end use into clinical laboratories, hospitals, point-of-care testing and others. Among these, hospitals led the highest activated partial thromboplastin time test market share, which was 37.0% in 2022 and is anticipated to generate a revenue of $217.6 million by 2031. The point-of-care testing segment will witness a significant growth during the forecast period.

Activated Partial Thromboplastin Time Test Market, by Region:

Based on region, the global activated partial thromboplastin time test market is analyzed across North America, Europe, Asia-Pacific and LAMEA. Among these, the market for Europe has generated highest activated partial thromboplastin time test market share which was 30.0% in 2022 and it was valued at $105.9 million and is anticipated to continue its growth in the coming years. North America region market held the second highest market size in 2022. The activated partial thromboplastin time test market for Asia-Pacific is anticipated to experience notable growth rate of 7.3% and it is estimated to generate a revenue of $143.1 million by the end of 2031, owing to swift improvements in the healthcare infrastructure.

The major key players in the Activated Partial Thromboplastin Time Test Market:

Takara Bio Inc., Ortho Clinical Diagnostics, Abbott, Beckman Coulter, Inc., bioMérieux, Inc., Siemens Healthcare Private Limited, Bio-Rad Laboratories, Inc., Johnson & Johnson Services, Inc., Hoffmann-La Roche Ltd, ThermoFisher, Danaher, HORIBA, Ltd., and Bio-Rad Laboratories, Inc. are some of the key manufacturers in the activated partial thromboplastin time test market. These manufacturers are adopting strategies such as collaborations & partnerships, joint ventures, geographical expansions and new product launches to gain highest market size in the overall industry.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Lauren Brown

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 50 50509159

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