Market Analysis: Global Fibrinogen Testing Market

Global fibrinogen testing market is set to witness a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Rising anticoagulant therapy procedures is one of the factors for the growth of this market.

Global Fibrinogen Testing Market By Reagent Type (Q.F.A. Thrombin Kits, Fibrinogen Kits, Multifibren Ureagents, STA-Fibrinogen Kits, Imidazole Buffer Kits), Indication (Congenital Fibrinogen Disorders, Fibrinogen Storage Diseases, Hereditary Fibrinogen α-Chain Amyloidosis, Acquired Dysfibrinogenemia, Cryofibrinogenemia, Disseminated Intravascular Coagulation ,End-Stage Liver Disease), Product Type (Heat Precipitation Test, Clotting Method, Immunoassays, DNA Tests), End- User (Hospitals, Clinics, Diagnostic Laboratories, Ambulatory Care Centers, Academics & Research Institutes), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa) – Industry Trends and Forecast to 2026

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Market Definition: Global Fibrinogen Testing Market

Fibrinogen is a type of glycoprotein that is used to circulate the blood in the vertebrates and is the factor responsible for the clotting in the body. Fibrinogen testing is used to determine the reason for the abnormal bleeding in the body. Afibrinogenemia, hypofibrinogenemia, and dysfibrinogenemia are three types of common fibrinogen deficiency. Heat Precipitation Test, clotting method, immunoassays and DNA tests are some of the common types of fibrinogen testing.

Market Drivers

· Increasing cases of blood clotting disorders are driving the growth of this market

· Rising healthcare expenditure is the major factor driving the market growth

· Technological and advancement in fibrinogen testing is another factor driving the growth of this market

· Rising prevalence of unmet diagnostic requirement is driving this market growth

Market Restraints

· High price of the fibrinogen testing equipment is restraining the growth of this market

· Less awareness in developing countries may hinder the growth of the market

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Competitive Analysis:

Global fibrinogen testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fibrinogen testing market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global fibrinogen testing market are F. Hoffmann-La Roche Ltd., Abbott. ,Siemens Healthcare Private Limited, CoaguSense, Inc., HemoSonics, LLC, iLine Microsystems, Instrumentation Laboratory Company, Sienco, Inc., SenGenix., , Universal Biosensors, RUSNANO Group, Coagulation Sciences LLC, Tcoag Ireland, SEKISUI MEDICAL CO., LTD and Thermo Fisher Scientific among others.

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Research Methodology: Global Fibrinogen Testing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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Key Developments in the Market:

· In February 2016, Mallinckrodt plc announced that they have acquired three commercial-stage topical hemostasis drugs RECOTHROM Thrombin topical (Recombinant), PreveLeak Surgical Sealant, and RAPLIXA from The Medicine Company. The main aim of the acquisition is to expand their portfolio and to help their patients to get better treatment. These drugs are very useful as they can control bleeding during surgical practices.

· In May 2014, Sysmex Corporation announced the launch of their new reagent LIASAUTO P-FDP which is a fully automated coagulation analyzers. This new product is specially designed to determine blood hyperfibrinolysis and hypercoagulable conditions. To determine the disseminated intravascular coagulation (DIC) disease types. The company has new technology to increase the reagent’s reactivity to fibrinogen degradation products.

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