Market Outline: Asia Pacific Hemostasis Diagnostics Market
Hemostasis diagnostics are the devices used to determine the hemostatic defects, which cause excessive bleeding. Hemostasis is defined as the stopping or slowing the blood flow from damaged blood vessel. During the hemostasis, blood changes from liquid state to the gelatinous state. Hemostasis maintained in the body by three mechanisms namely, blood coagulation, platelet plug formation, and vasoconstriction. Hemostasis diagnostics may help to predict the cause of bleeding during surgery by identifying the hemostatic defects in patients. Different types of tests such as prothrombin test, activated clotting time, platelet function, and other coagulation tests are carried to identify the hemostasis defects.
Market Dynamics: Asia Pacific Hemostasis Diagnostics Market
Increase in the prevalence of hemostasis related diseases in Asia Pacific countries majorly in India, China, Japan and South Korea, rise in R&D investment for novel tests and devices innovation, increase in healthcare expenditure, adoption of newer technologies, and high awareness about hemostasis diagnostics among healthcare professionals are boosting the hemostasis Asia Pacific diagnostics market. However, high cost of advanced hemostasis products, and stringent regulations for the test approvals are expected to hampering the growth of Asia Pacific hemostasis diagnostics market.
Regional Analysis: Asia Pacific Hemostasis Diagnostics Market
Geographically, Asia Pacific hemostasis diagnosis market is segmented into India, China, Japan, Australia, New Zealand, South Korea, and Rest of Asia Pacific. Japan hemostasis diagnostics market is growing due to increase in the prevalence of hemophilia, rise in R&D activities by market players, well-developed healthcare infrastructure. China hemostasis diagnostics market has a significant growth, which is attributed to rise in prevalence of cardiovascular diseases, launch of newer products in China, and expansion of the business by the market players in to the country. India hemostasis diagnostics market driven by increase in awareness about hemostasis diagnostics, adoption of newer technologies, and increase in prevalence of hemophilia (according to World Federation of Hemophilia Global Survey 2010, approximately 13,993 people are suffering from hemophilia) are bolster the market. Furthermore, increase in healthcare expenditure, rise in per capita income, and launching of newer tests into Asia Pacific region also boost the hemostasis diagnostics market.
Competition Assessment: Asia Pacific Hemostasis Diagnostics Market
Some of the players in the Asia Pacific hemostasis diagnostics market include:
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