The POC coagulation market is anticipated to grow tremendously during the forecast period due to the rising prevalence of blood disorders that eventually result in cardiovascular co-morbidities. This testing is commonly well known among patients experiencing cardiovascular issue and the individuals who experience cardiovascular medical procedures, for example, angioplasty and heart sidestep among others. The market has also benefitted because of the recent technological advancements in the POC coagulation testing market.
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Quick Turnaround Time Offered by POC Devices to Boost Growth
The general purpose of the development of POC devices is to generate quick results. This why they are more popularly used in the instances of cardiovascular diseases. The quick results offered by these devices help the patients in cases of medical emergency. These factors have played a key role in the expansion of the POC coagulation testing market. They are increasingly been preferred over conventional laboratory tests.
The automatic uploading of data is yet another significant factor driving the market’s growth. This reduces the manual work and is thus highly preferred by the patients. Further, the developments of new products has fuelled the POC coagulation testing market’s growth. For instance, Siemens Healthcare AG developed a product called the Xprecia Stride Coagulation Analyzer. The lab accuracy offered by this product has highly fostered the industry’s growth.
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In terms of geography, North America is anticipated to be at the helm of the market during the forecast period. The reason for this is attributable to the development of novel products and rising cases of cardiovascular disorders. The market in Asia Pacific is also expected to rise at a promising pace due to surge in the number of surgeries that require preoperative and postoperative testing. The market in Middle East and Africa is driven by the booming medical device industry and rising expenditure on healthcare facilities.