Global Point-of-Care Coagulation Testing Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Anticoagulation Monitoring Devices {Prothrombin Time/International Normalized Ratio (PT/INR) Testing Devices, Activated Clotting Time (ACT), and Activated Partial Thromboplastin Time (aPPT)}, Platelet Function Monitoring Devices, Viscoelastic Coagulation Monitoring Devices {Thromboelastography (TEG) and Rotational Thromboelastometry (ROTEM)}, and Others.By Method;
PT/INR and Others.By End User;
Hospitals , Diagnostic Laboratories , Clinics and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Point-of-Care Coagulation Testing Devices Market (USD Million), 2021 - 2031
In the year 2024, the Global Point-of-Care Coagulation Testing Devices Market was valued at USD 1,994.38 million. The size of this market is expected to increase to USD 3,197.31 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.
The Global Point-of-Care Coagulation Testing Devices Market is experiencing significant growth and transformation, driven by the rising demand for immediate and accurate diagnostics in managing coagulation disorders. Coagulation testing plays a crucial role in assessing hemostasis, monitoring anticoagulant therapy, and guiding clinical decision-making in various healthcare settings, including hospitals, clinics, and ambulatory care centers.
This market encompasses a diverse range of portable and easy-to-use coagulation testing devices designed to deliver rapid results at the point of care, enabling healthcare providers to make timely treatment decisions and improve patient outcomes. These devices cater to patients with conditions such as hemophilia, thrombophilia, and other bleeding or clotting disorders, facilitating comprehensive management and personalized care.
Key factors driving the growth of the Point-of-Care Coagulation Testing Devices Market include the increasing prevalence of coagulation disorders, the growing aging population, and the rising incidence of cardiovascular diseases and other chronic conditions. Additionally, advancements in technology, such as miniaturization, automation, and connectivity, are enhancing the performance and usability of coagulation testing devices, further fueling market expansion.
The COVID-19 pandemic has also underscored the importance of coagulation testing in managing complications associated with severe illness, such as thrombosis and disseminated intravascular coagulation (DIC). As a result, there has been a heightened focus on point-of-care coagulation testing to guide therapeutic interventions and improve patient outcomes in critical care settings.
Despite its promising growth, the Point-of-Care Coagulation Testing Devices Market faces challenges such as regulatory constraints, reimbursement limitations, and the need for standardization and quality control. However, ongoing research and development efforts aimed at addressing these challenges and expanding the clinical utility of coagulation testing devices are expected to drive market growth in the coming years.
Global Point-of-Care Coagulation Testing Devices Market Recent Developments
- In February 2024, F. Hoffmann-La Roche Ltd introduced three new coagulation tests in countries accepting CE marks to meet the rise in demand for oral anticoagulants across Europe.
- In April 2024, Siemens Healthineers AG and Sysmex Corporation independently initiated the distribution of Siemens Hemostasis testing solutions in Europe and the US laboratories.
Segment Analysis
The Global Point-of-Care Coagulation Testing Devices Market is segmented by product into instruments/analyzers and consumables and accessories, offering comprehensive solutions for coagulation testing needs. Instruments/analyzers encompass sophisticated devices designed for precise and rapid analysis of coagulation parameters, providing healthcare professionals with immediate insights into patients' hemostatic status. These instruments are equipped with advanced technologies such as miniaturization, automation, and connectivity, enhancing efficiency and usability in diverse healthcare settings. Consumables and accessories complement these instruments, including test cartridges, reagents, control materials, and disposables necessary for performing coagulation tests accurately and reliably.
The market is further segmented by method into PT/INR and others, representing different approaches to coagulation testing. PT/INR testing is a widely used method for monitoring the effectiveness of oral anticoagulant therapy, particularly with vitamin K antagonists such as warfarin. These tests measure the prothrombin time (PT) and international normalized ratio (INR), providing valuable information on patients' coagulation status and guiding dosage adjustments to maintain therapeutic levels. Other methods include activated partial thromboplastin time (aPTT), thrombin time (TT), and fibrinogen assays, which offer additional insights into specific aspects of the coagulation cascade, catering to diverse clinical needs and patient populations.
End users of point-of-care coagulation testing devices include hospitals, diagnostic laboratories, clinics, and others, each playing a crucial role in the adoption and utilization of these technologies. Hospitals represent a significant segment, where point-of-care coagulation testing devices are integral to critical care management, emergency departments, and perioperative settings, facilitating prompt diagnosis and treatment decisions for patients with coagulation disorders. Diagnostic laboratories utilize these devices for comprehensive coagulation testing services, supporting patient diagnosis, monitoring, and therapeutic interventions. Clinics, including primary care clinics and specialty clinics, benefit from the convenience and efficiency of point-of-care coagulation testing, enabling timely assessment of patients' hemostatic status and optimizing care delivery. Other end users, such as ambulatory care centers and home healthcare settings, are increasingly adopting point-of-care coagulation testing devices, driven by the demand for decentralized testing solutions and patient-centered care models. Overall, the segmentation of the Global Point-of-Care Coagulation Testing Devices Market reflects the diverse needs and preferences of healthcare providers and patients, highlighting the importance of tailored solutions for effective coagulation management across different healthcare settings.
Global Point-of-Care Coagulation Testing Devices Segment Analysis
In this report, the global point-of-care coagulation testing devices market has been segmented by product, method, end user and geography.
Global Point-of-Care Coagulation Testing Devices Market, Segmentation by Product
The Global Point-of-Care Coagulation Testing Devices Market has been segmented by Product into Anticoagulation Monitoring Devices {Prothrombin Time/International Normalized Ratio (PT/INR) Testing Devices, Activated Clotting Time (ACT), and Activated Partial Thromboplastin Time (aPPT)}, Platelet Function Monitoring Devices, Viscoelastic Coagulation Monitoring Devices {Thromboelastography (TEG) and Rotational Thromboelastometry (ROTEM)}, and Others.
PT/INR testing, in particular, is widely used to monitor patients on warfarin or other blood-thinning drugs, ensuring they maintain optimal therapeutic levels and avoid complications such as bleeding or clotting.
Platelet function monitoring devices are designed to assess platelet activity and function, which is essential in diagnosing and managing bleeding disorders, such as thrombocytopathy, and for evaluating patients undergoing antiplatelet therapy. These devices measure platelet aggregation and other markers to ensure that platelet function is adequate for proper clot formation. The demand for platelet function monitoring devices has increased with the growing prevalence of conditions such as cardiovascular disease, where antiplatelet therapy is commonly prescribed to prevent blood clots and stroke.
Viscoelastic coagulation monitoring devices, including Thromboelastography (TEG) and Rotational Thromboelastometry (ROTEM), provide a comprehensive analysis of the coagulation process by assessing clot formation, stability, and dissolution in real-time. These devices are particularly valuable in critical care settings, such as surgery or trauma care, where quick assessment of a patient’s coagulation status is vital for effective management. TEG and ROTEM help clinicians understand the dynamics of blood clotting more comprehensively, allowing for more precise and timely treatment decisions, which is crucial for preventing bleeding or clotting complications during and after surgical procedures.
The "others" segment includes additional point-of-care coagulation testing devices that may not fall into the above categories but still play an essential role in coagulation management. These devices may include handheld devices for quick coagulation tests, portable monitors, and other specialized tools designed for specific applications in various healthcare settings. The growing demand for rapid, accurate coagulation testing across diverse patient populations, especially those undergoing surgery or receiving anticoagulation therapy, continues to drive the development and adoption of these devices in both clinical and home care environments.
Global Point-of-Care Coagulation Testing Devices Market, Segmentation by Method
The Global Point-of-Care Coagulation Testing Devices Market has been segmented by Method into PT/INR and Others .
The Global Point-of-Care Coagulation Testing Devices Market is segmented by method, with one of the primary categories being Prothrombin Time/International Normalized Ratio (PT/INR) testing and the other encompassing various alternative coagulation assays. PT/INR testing stands as a cornerstone method within coagulation testing, particularly vital for monitoring patients on oral anticoagulant therapy, such as warfarin. This method measures the clotting time of plasma in response to the addition of thromboplastin, providing essential information about a patient's clotting ability and the effectiveness of anticoagulant treatment. PT/INR testing is widely utilized in both clinical and home settings, enabling healthcare providers to adjust medication dosages promptly and maintain patients within the therapeutic range.
Alongside PT/INR testing, the market offers a range of alternative coagulation assays to address specific clinical needs and preferences. These assays may include Activated Partial Thromboplastin Time (aPTT), Thrombin Time (TT), Fibrinogen Assays, and others, each assessing different aspects of the coagulation cascade. aPTT testing evaluates the intrinsic pathway of coagulation, useful for monitoring patients on unfractionated heparin therapy or investigating bleeding disorders. TT testing measures the conversion of fibrinogen to fibrin, aiding in the diagnosis of disorders such as disseminated intravascular coagulation (DIC). Fibrinogen assays assess the concentration of fibrinogen in plasma, serving as a valuable tool in evaluating hemostatic function and guiding treatment decisions in various clinical scenarios.
Global Point-of-Care Coagulation Testing Devices Market, Segmentation by End User
The Global Point-of-Care Coagulation Testing Devices Market has been segmented by End User into Hospitals , Diagnostic Laboratories , Clinics and Others.
Hospitals stand as a significant end user segment, encompassing various departments such as critical care units, emergency departments, and surgical suites, where immediate access to coagulation testing is essential for patient management. Point-of-care coagulation testing devices are integral to critical care management, guiding treatment decisions in patients with acute bleeding or thrombotic disorders.
Diagnostic laboratories also play a crucial role in the utilization of coagulation testing devices, offering comprehensive coagulation testing services to support patient diagnosis, monitoring, and therapeutic interventions. These laboratories utilize point-of-care coagulation testing devices alongside traditional laboratory-based assays, providing rapid turnaround times and enhancing workflow efficiency.
Clinics, including primary care clinics, specialty clinics, and outpatient facilities, are increasingly adopting point-of-care coagulation testing devices to enhance patient care delivery. These devices enable healthcare providers to assess patients' coagulation status quickly and conveniently, facilitating timely diagnosis and treatment decisions in various clinical settings.
Other healthcare facilities, such as ambulatory care centers, home healthcare settings, and long-term care facilities, also utilize point-of-care coagulation testing devices to support decentralized testing and patient-centered care models. These facilities benefit from the portability, ease of use, and rapid results offered by point-of-care devices, enabling timely assessment of patients' hemostatic status and optimizing care delivery outside traditional hospital settings.
Global Point-of-Care Coagulation Testing Devices Market, Segmentation by Geography
In this report, the Global Point-of-Care Coagulation Testing Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Point-of-Care Coagulation Testing Devices Market Share (%), by Geographical Region, 2024
North America holds a significant share in the global market, particularly in the United States, owing to advanced healthcare infrastructure, high adoption rates of innovative technologies, and substantial investments in research and development. The region's emphasis on patient-centered care and quality improvement initiatives drives the demand for point-of-care coagulation testing devices, enhancing patient outcomes and healthcare efficiency.
Europe follows closely, with countries like Germany, France, and the UK leading the adoption of point-of-care coagulation testing devices. The region benefits from well-established healthcare systems, favorable reimbursement policies, and a strong focus on preventive healthcare measures. Increasing awareness of coagulation disorders and the growing aging population contribute to market growth in Europe.
The Asia-Pacific region is expected to witness rapid growth in the forecast period, driven by increasing healthcare expenditure, rising prevalence of chronic diseases, and improving access to healthcare services. Countries such as China, India, and Japan are at the forefront of market expansion, supported by government initiatives to enhance healthcare infrastructure and expand access to essential diagnostic services.
Latin America and the Middle East & Africa regions also offer growth opportunities for the point-of-care coagulation testing devices market, fueled by efforts to improve healthcare accessibility, rising awareness of chronic diseases, and expanding investment in healthcare infrastructure. However, economic challenges and healthcare disparities may pose constraints to market growth in these regions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Point-of-Care Coagulation Testing Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Immediate diagnostics
- Accurate results
- Hemostasis assessment
-
Anticoagulant therapy monitoring - Anticoagulant therapy monitoring plays a critical role in managing patients receiving anticoagulant medications, such as warfarin, heparin, and direct oral anticoagulants (DOACs). These medications are commonly prescribed to prevent blood clot formation and reduce the risk of thromboembolic events in patients with conditions such as atrial fibrillation, deep vein thrombosis, pulmonary embolism, and mechanical heart valves.
One of the primary objectives of anticoagulant therapy monitoring is to ensure that patients achieve and maintain therapeutic anticoagulation levels while minimizing the risk of bleeding complications. This requires regular assessment of coagulation parameters, such as the Prothrombin Time (PT), International Normalized Ratio (INR), and Activated Partial Thromboplastin Time (aPTT), depending on the type of anticoagulant being used.
For patients on vitamin K antagonists (VKAs) like warfarin, PT/INR testing is the standard method for monitoring anticoagulant therapy. The INR is used to standardize PT measurements, providing a consistent measure of a patient's coagulation status and allowing for comparisons across different laboratories. PT/INR testing enables healthcare providers to adjust warfarin dosages based on individual patient responses, ensuring that patients remain within the therapeutic range and achieve optimal anticoagulation efficacy while minimizing the risk of bleeding or thrombotic events.
In addition to VKAs, patients may also receive anticoagulant therapy with heparin or DOACs, which require different monitoring approaches. Heparin therapy is typically monitored using the aPTT, with dosage adjustments made based on the patient's clotting time. DOACs, on the other hand, generally do not require routine monitoring due to their predictable pharmacokinetics and fixed dosing regimens. However, in certain clinical scenarios such as renal impairment or drug interactions, monitoring assays may be utilized to assess drug levels or anticoagulant effects.
Point-of-care coagulation testing devices play a crucial role in anticoagulant therapy monitoring, offering rapid and convenient testing solutions that enable healthcare providers to assess patients' coagulation status at the bedside or in outpatient settings. These devices provide immediate results, allowing for timely dosage adjustments and enhancing patient safety and clinical outcomes.
Restraints :
- Regulatory constraints
- Reimbursement limitations
- Standardization challenges
-
Quality control issues - Quality control issues in the context of point-of-care coagulation testing devices refer to challenges related to ensuring the accuracy, reliability, and consistency of test results. These issues can arise from various factors, including device performance, operator proficiency, environmental conditions, and quality assurance practices.
One of the primary quality control challenges is maintaining the accuracy and precision of point-of-care coagulation testing devices over time. These devices rely on sensitive technologies to measure coagulation parameters, and factors such as instrument calibration, reagent stability, and lot-to-lot variability can impact the reliability of test results. Regular calibration and verification procedures are essential to monitor device performance and detect any deviations from expected values.
Operator proficiency is another critical aspect of quality control in point-of-care coagulation testing. Proper training and education are necessary to ensure that healthcare providers perform tests correctly, adhere to standard operating procedures, and interpret results accurately. Inadequate training or lack of experience can lead to errors in sample handling, testing technique, and result interpretation, compromising the reliability of test results and patient care.
Environmental factors, such as temperature and humidity, can also affect the performance of point-of-care coagulation testing devices. Deviations from recommended storage and operating conditions can impact reagent stability, device functionality, and test accuracy. Proper environmental monitoring and control measures are necessary to minimize the impact of environmental variables on test results and maintain the integrity of testing procedures.
Quality assurance practices play a crucial role in addressing quality control issues and ensuring the overall reliability of point-of-care coagulation testing devices. These practices encompass a range of activities, including regular performance monitoring, proficiency testing, external quality assessment programs, and adherence to regulatory requirements and industry standards. By implementing robust quality assurance measures, healthcare facilities can identify and mitigate potential sources of error, maintain high testing standards, and uphold patient safety and quality of care.
Opportunities :
- Market expansion
- Emerging economies
- Telehealth integration
-
Home-based testing - Home-based testing refers to the practice of performing diagnostic tests and monitoring health parameters in the comfort of one's home, without the need for a healthcare professional or laboratory setting. This approach allows individuals to take an active role in managing their health, facilitating early detection of health conditions, monitoring chronic diseases, and tracking treatment progress.
One of the key benefits of home-based testing is convenience. By eliminating the need for clinic visits or laboratory appointments, home-based testing saves time and reduces the burden on healthcare facilities. Individuals can perform tests at their convenience, without disrupting their daily routines or waiting for appointments, making healthcare more accessible and efficient.
Home-based testing also promotes patient empowerment and engagement in healthcare. By providing individuals with direct access to their health information, home-based testing encourages proactive health management and self-monitoring. Patients can track changes in their health parameters over time, identify trends or abnormalities, and take timely action to address any concerns or seek medical advice when necessary.
Home-based testing can improve patient outcomes by enabling early detection of health conditions and facilitating timely intervention. For individuals with chronic diseases such as diabetes, hypertension, or cardiovascular disease, home-based testing allows for regular monitoring of key health indicators, such as blood glucose levels, blood pressure, or cholesterol levels. Early detection of abnormalities or fluctuations in these parameters can help prevent complications and optimize disease management.
Competitive Landscape Analysis
Key players in Global Point-of-Care Coagulation Testing Devices Market include :
- F. Hoffmann-La Roche AG
- Abbott Laboratories
- Siemens Healthineers
- Medtronic plc
- Haemonetics Corporation
- HemoSonics
- Micropoint Bioscience
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Method
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Point-of-Care Coagulation Testing Devices Market Trends
- Drivers, Restraints and Opportunities
- Drivers
- Immediate diagnostics
- Accurate results
- Hemostasis assessment
- Anticoagulant therapy monitoring
- Restraints
- Regulatory constraints
- Reimbursement limitations
- Standardization challenges
- Quality control issues
- Opportunities
- Market expansion
- Emerging economies
- Telehealth integration
- Home-based testing
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
-
Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Point-of-Care Coagulation Testing Devices Market, By Product, 2021 - 2031 (USD Million)
- Anticoagulation Monitoring Devices
- Prothrombin Time/International Normalized Ratio (PT/INR) Testing Devices
- Activated Clotting Time (ACT)
- Activated Partial Thromboplastin Time (aPPT)
- Platelet Function Monitoring Devices
- Viscoelastic Coagulation Monitoring Devices
- Thromboelastography (TEG)
- Rotational Thromboelastometry (ROTEM)
- Others.
- Anticoagulation Monitoring Devices
- Global Point-of-Care Coagulation Testing Devices Market, By Method, 2021 - 2031 (USD Million)
- PT/INR
- Others
- Global Point-of-Care Coagulation Testing Devices Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Diagnostic Laboratories
- Clinics
- Others
- Global Point-of-Care Coagulation Testing Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia/New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Point-of-Care Coagulation Testing Devices Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- F. Hoffmann-La Roche AG
- Abbott Laboratories
- Siemens Healthineers
- Medtronic plc
- Haemonetics Corporation
- HemoSonics, LLC
- Micropoint Bioscience, Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market