Press release
Platelet Aggregation Devices Market to Reach US$ 1 Billion by 2027, Growing at 20% CAGR
Browse for Full Report: https://www.factmr.com/report/platelet-aggregation-devices-market
Why Is the Market Growing?
The increasing incidence of cardiovascular diseases (CVDs), which claim 17.9 million lives annually according to the WHO, drives demand for platelet aggregation devices to assess platelet function and manage conditions like thrombosis and heart attacks. The aging population, with 1 in 6 people projected to be over 60 by 2030, heightens the need for platelet function testing due to age-related disorders.
Innovations like Siemens Healthineers' 2024 integrated aggregometers streamline testing by 15%, while point-of-care (POC) devices, adopted by 20% of clinics, enhance accessibility. Government initiatives, such as the U.S.'s US$ 3 billion healthcare research funding, support market growth, though high costs, averaging US$ 15,000 per system, pose challenges mitigated by automation and consumable advancements.
What Are the Key Market Projections?
The market is set to create a US$ 579 million opportunity by 2027, growing from US$ 421 million in 2022 to US$ 1 billion at a 20% CAGR. The reagents segment, holding a 30% share in 2022, is projected to grow at a 23% CAGR, creating a US$ 230 million opportunity due to demand for precise diagnostics. North America, with a 40% share in 2022, leads due to advanced healthcare infrastructure, while Asia-Pacific grows at a 22% CAGR, driven by China's healthcare modernization.
Historical growth from 2017 to 2021 was at a 12% CAGR, indicating an accelerating trend. Short-term growth (2022-2024) focuses on clinical applications, while long-term trends (2025-2027) emphasize POC testing and automation.
How Can Stakeholders Leverage Opportunities?
Stakeholders in healthcare, diagnostics, and research can capitalize by investing in automated and POC devices, like Aggredyne's 2024 AggreGuide A-100, which improves testing speed by 20%. Partnerships, such as Sysmex's 2023 collaboration with U.S. hospitals, enhance market reach. Targeting North America, with a projected US$ 400 million market by 2027, and Asia-Pacific offers significant potential.
Consumables and reagents, accounting for 35% of sales in 2022, ensure recurring revenue. Compliance with FDA and ISO 13485 standards boosts market trust and competitiveness.
What Does the Report Cover?
Fact.MR's report combines primary research across 30+ countries and secondary analysis, covering segments by product (systems, reagents, consumables & accessories), application (clinical, research), end user (hospitals, diagnostic laboratories, research institutes, others), and region (North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East & Africa). It highlights trends like automation, POC testing, and personalized medicine, providing actionable insights for stakeholders.
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Who Are the Market Leaders?
Key players include Siemens Healthineers, F. Hoffmann-La Roche, Aggredyne, Inc., Helena Laboratories, and Sysmex Corporation. Siemens' 2024 integrated systems enhanced testing efficiency, while Aggredyne's 2024 A-100 system gained traction in diagnostics. These companies, holding over 45% of the market, drive innovation through R&D and partnerships with hospitals and research institutes.
What Are the Latest Market Developments?
In 2024, global demand for platelet function testing rose by 15%, driven by a 10% increase in CVD diagnoses. POC devices, adopted by 20% of clinics, improved diagnostic speed, while reagents like Hart Biologicals' 2024 ADP MEA enhanced test sensitivity by 10%. North America's 40% share reflects robust R&D, while Asia-Pacific's growth is fueled by China's healthcare investments. Regulatory advancements, like the FDA's 2024 approval of automated aggregometers, boosted adoption by 12%. Developments such as Chrono-Log's 2024 high-throughput systems supported clinical efficiency.
What Challenges and Solutions Exist?
High system costs, averaging US$ 15,000, and a shortage of skilled professionals, affecting 20% of diagnostic labs, pose challenges. Regulatory complexities delay 10% of product launches. Solutions include cost-effective consumables, like Helena Laboratories' 2024 reagents reducing costs by 15%, and training programs addressing skill gaps. Localized production in Asia-Pacific, adopted by 15% of manufacturers, mitigates supply chain risks. Compliance with global standards ensures market resilience and clinician confidence.
Conclusion:
The Global Platelet Aggregation Devices Market is set to reach US$ 1 billion by 2027, driven by a 20% CAGR. With applications in cardiovascular and bleeding disorder diagnostics, and supported by automation and POC innovations, the market offers transformative opportunities. Stakeholders can leverage Fact.MR's insights to target high-growth regions like North America and Asia-Pacific, invest in advanced solutions, and address cost and skill challenges to thrive in this critical healthcare industry.
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