What is the current size and annual growth rate of the platelet aggregation devices market?
The platelet aggregation devices market size has grown exponentially in recent years. It will grow from $0.83 billion in 2024 to $1.05 billion in 2025 at a compound annual growth rate (CAGR) of 25.8%. The growth in the historic period can be attributed to increasing prevalence of cardiovascular diseases, rising incidences of bleeding disorders, growing awareness about health diagnostics, increase in surgical procedures, improved diagnostic accuracy.
The platelet aggregation devices market size is expected to see exponential growth in the next few years. It will grow to $2.59 billion in 2029 at a compound annual growth rate (CAGR) of 25.4%. The growth in the forecast period can be attributed to growing aging population, rising demand for point-of-care testing, expansion of personalized medicine, regulatory support and approvals, increasing prevalence of chronic diseases. Major trends in the forecast period include integration of artificial intelligence in diagnostics, development of portable platelet aggregation devices, increased collaboration between biotech firms and healthcare providers, rising importance of data analytics in healthcare, shift towards home-based diagnostics.
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How has the platelet aggregation devices market evolved, and what factors have shaped its growth?
The increasing incidence of target diseases is expected to drive the platelet aggregation devices market going forward. Target diseases are specific medical conditions that are the focus of prevention, diagnosis, and treatment efforts due to their significant impact on public health, such as cancer, cardiovascular diseases, and diabetes. Platelet aggregation devices help in decreasing the incidence of target diseases by enabling early detection and effective management of thrombotic risks, thereby preventing complications like heart attacks and strokes in vulnerable populations. For instance, in February 2024, according to statistics published by the International Agency for Research on Cancer (IARC), a France-based specialized cancer agency of the World Health Organization (WHO), the world saw approximately 20 million new cancer cases and 9.7 million deaths in 2022, with projections indicating a 77% increase to over 35 million new cases by 2050; lung cancer was the most prevalent globally with 2.5 million new cases (12.4%), followed by female breast cancer (2.3 million cases, 11.6%), colorectal cancer (1.9 million cases, 9.6%), prostate cancer (1.5 million, 7.3%), and stomach cancer (970,000, 4.9%). Therefore, the increasing incidence of target diseases is driving the growth of the platelet aggregation devices market.
What are the major segments of the platelet aggregation devices market?
The platelet aggregation devices market covered in this report is segmented –
1) By Product: Reagents, Systems, Consumables And Accessories
2) By Type: Four Channel, Dual Channel, Eight Channel
3) By Technology: Optical, Impedance, Other Technologies
4) By Application: Clinical Applications, Research Applications, Cardiovascular Applications, Orthopedic Applications, Other Applications
5) By End-User: Standalone Hospitals, Diagnostic Laboratories, Research And Academic Institutes, Other End Users
Subsegments:
1) By Reagents: Platelet Aggregation Assay Reagents, Coagulation And Anticoagulation Reagents
2) By Systems: Platelet Aggregation Testing Systems, Automated Platelet Aggregation Systems
3) By Consumables And Accessories: Sample Collection Kits, Testing Plates And Cuvettes, Calibration Kits
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Which companies dominate the platelet aggregation devices market?
Major companies operating in the platelet aggregation devices market are Roche Holding AG, Cytiva (Danaher Corp.), Siemens Healthineers, Sysmex Corporation, WerfenLife S.A., Haemonetics Corporation, Helena Laboratories Corporation, Sarstedt AG & Co. KG, Sekisui Diagnostics LLC, Diagnostica Stago, Accriva Diagnostics Holdings Inc., Drucker Diagnostics, Sentinel CH. SpA, ADInstruments, Chrono-Log Corporation, Bio/Data Corporation, Haemochrom Diagnostica GmbH, AggreDyne Inc., Hart Biologicals Ltd., Stago
How will evolving trends contribute to the growth of the platelet aggregation devices market?
Major companies operating in the platelet aggregation devices market are increasing their focus on developing advanced solutions by launching innovative products such as the first platelet pooling set to help stabilize the U.S. platelet supply and meet growing needs. A platelet pooling set is a specialized medical device used during plateletpheresis procedures to collect and concentrate platelets from multiple donors into a single unit for transfusion therapy. For instance, in February 2023, TERUMO BCT INC., a US-based company providing blood components and cellular technology, announced the approval of the IMUGARD WB Platelet Pooling Set by the Food and Drug Administration (FDA), a US-based federal agency. This offers extended shelf life for platelets, FDA clearance for seven-day storage, and enables platelet recoupment from whole blood donations, enhancing flexibility and availability in the platelet aggregation devices market. This launch represents a significant technological advancement by addressing the need for improved platelet availability, more efficient supply management, and supporting strained U.S. platelet supply to meet increasing demand in critical medical procedures like chemotherapy and organ transplants.
What are the key regional dynamics of the platelet aggregation devices market, and which region leads in market share?
North America was the largest region in the platelet aggregation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the platelet aggregation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Platelet Aggregation Devices Market Report 2025 Offer?
The platelet aggregation devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Platelet aggregation devices are specialized instruments used to measure the rate and extent to which platelets clump together, which is crucial for diagnosing and managing disorders related to blood clotting. These devices are used to assess the effectiveness of antiplatelet therapies, diagnose bleeding disorders, and evaluate platelet function in various clinical and research settings.
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