The MEA coagulation/hemostasis analyzer market size is predicted to be worth USD 241.85 million in 2022. The market is further expected to grow at a CAGR of 9.93% from 2022 to 2027 and be worth USD 388.26 million by 2027.
The growing demand for healthcare products and services to address the increasing prevalence of blood disorders and cardiovascular diseases boost the MEA coagulation/hemostasis analyzer market growth. Venous thromboembolism, hemophilia, sickle cell disease, vitamin K deficiency bleeding, thalassemia, and bleeding disorder affecting women can be seen commonly in the countries of the Middle East and Africa. Especially sickle cell disease is a prevalent blood disorder affecting a majority of African countries, causing pain in various parts of the body such as the back, hands, feet, and chest due to blood clots.
Furthermore, individuals with cardiovascular disease are at an increased risk of blood clots, which can obstruct the blood flow to the arteries, leading to potentially fatal heart attacks. In such cases, healthcare providers often recommend a coagulation analyzer test to prevent blood clot formation and safeguard the patient's life. A coagulation analyzer is a medical device used to measure the clotting levels of a patient's blood, aiding in the diagnosis of bleeding disorders. This device is extensively used in clinical laboratories to perform tests such as prothrombin time, fibrinogen, D-dimer, and platelet aggregation, among others. Given its critical importance in the diagnosis and management of cardiovascular and bleeding disorders, the demand for coagulation analyzers is expected to surge in the coming years in the Middle East Africa region.
The growing number of advancements in the development of coagulation analyzers with the latest technologies further fuel the growth rate of the coagulation/hemostasis analyzer market in MEA. The market participants and researchers have been investing significant amounts and resources to develop new and improved coagulation/hemostasis analyzers with advanced features such as reduced calculation of the time for blood coagulation and more accurate data provision. The emergence of automated coagulation analyzers, the increasing government support for the manufacturing of these devices due to rising blood clotting problems associated with various diseases, product approvals, and investments in research and development are contributing to the growth of the market. This favorable environment presents a significant opportunity for players in the coagulation analyzer market to expand their business in the region.
On the other hand, the high costs associated with the coagulation analyzers hamper the growth of the MEA coagulation/hemostasis analyzer market growth. In addition, lack of awareness about the analyzers, lack of hospital investment, lack of skilled professionals, and long-time approval for novel coagulation devices further inhibit the regional market growth.
This research report on the Middle East & Africa coagulation/hemostasis analyzer market has been segmented and sub-segmented into the following categories.
By End User:
Geographically, the MEA coagulation/hemostasis analyzer market is estimated to develop at a healthy CAGR due to the factors such as poor lifestyle choices and increased foreign investment are expected to drive market expansion in the region.
The UAE coagulation/hemostasis analyzer market is projected to witness a decent CAGR due to the rising incidence of blood-related illnesses and increasing government initiatives to improve healthcare infrastructure over the predicted period. The growing use of coagulation analyzers by hospitals, a growing aging population, and rising healthcare expenditure boost regional market growth.
The Saudi Arabia Coagulation/Hemostasis Analyzer Market is expected to lead the market in the region due to the rising number of general surgeries and growth in research activities in numerous over the period.
The South African Coagulation/Hemostasis Analyzer Market is estimated to develop significantly due to the rapidly growing geriatric population and healthcare infrastructure improvements over the forecast period.
KEY MARKET PLAYERS
Key Market Companies dominated the Middle East & Africa Coagulation/Hemostasis Analyzer Market Profiled in the Report are Siemens AG (Germany), International Technidyne Corporation (U.S.), Sysmex Corporation (Japan), Nihon Kohden Corporation (Japan), and Diagnostica Stago (France), Thermo Fisher Scientific Inc. (U.S.), Roche Diagnostics (Switzerland), Alere Inc. (U.S.), Helena Laboratories (U.S.) and Instrumentation Laboratory (U.S.).
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