Market Dynamics:
The Thromboelastography Market is primarily driven by increasing prevalence of coagulation disorders. For instance, according to data published by National Hemophilia Foundation, hemophilia affects approximately 20,000 males in the United States. Thromboelastography is extensively used for diagnosing and monitoring coagulation profiles in hemophilia patients. Additionally, increasing number of surgeries requiring consideration of patients' bleeding risks also contributes to the market growth. Thromboelastography helps clinicians in quick decision making for blood product administration before, during or after surgeries to avoid complications related to bleeding and thrombotic events. The technological advancements and wide acceptance of thromboelastography over traditional coagulation tests further supports the market expansion over the forecast period.

Key Takeaways

Global Thromboelastography Market Size is expected to witness high growth over the forecast period of 2023 to 2030. It is projected to grow at a CAGR of 7.5% during this time, rising from a market size of US$ 125.17 Billion in 2023 to reach US$ 202.31 Billion by 2030.

Regional analysis: North America dominates currently due to sophisticated healthcare infrastructure and greater availability of technologically advanced hemostasis analyzers. Asia Pacific market is anticipated to grow at fastest rate propelled by rising medical tourism, healthcare spending and strengthening distribution networks of major players.

Key players: Key players operating in the Thromboelastography Market are SARAHEALTH SARE, MRK Healthcare Pvt. Ltd., Amkay Products Pvt. Ltd., JIT & JIT, Kanam Latex Industries Pvt. Ltd., RFB Latex Limited, Safeshield Gloves, Amigo Surgicare Pvt. Ltd., Asma Rubber Products Pvt. Ltd., Narang Medical Limited, Phoenix Medical Technologies & Imports, Manglam Medikits Private Limited. They are focused on new product launches, geographical expansions and partnerships to strengthen market position.

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