PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1538670
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1538670
Global Thrombosis and Hemostasis Biomarkers Market is valued at approximately USD 5.31 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2024-2032. Thrombosis and hemostasis biomarkers are laboratory parameters derived from the components of the hemostatic system, such as von Willebrand factor (vWF), fibrinogen, D-dimer, and others. These biomarkers are instrumental in detecting certain diseases or their pathophysiological effects and have numerous applications in clinical practice. They offer significant benefits, including the risk estimation and diagnosis of venous thromboembolism (VTE) and other conditions, prediction of thrombotic events in patients with lymphoma, response to chemotherapy in patients with pancreatic cancer, and enhanced patient management.
The growth of the thrombosis and hemostasis biomarkers market is highly attributed to the increased risk of venous thromboembolism (VTE). The risk of VTE is associated with various clinical conditions such as cardiovascular, cerebrovascular, and malignant disorders. In addition, the risk increases with major or minor injuries and obesity. For instance, according to the American Heart Association, Inc. in November 2023, obese individuals have an increased risk of VTE, and the higher the risk becomes as the weight increases. Biomarkers such as D-dimer, fibrinogen, and factor VIII are used to predict the risk of VTE and monitor treatment response. This is expected to significantly boost the adoption of biomarker products, propelling the market growth during the forecast timeframe. Moreover, the growing research initiatives and funding and increasing adoption of biomarkers in clinical practice present various lucrative opportunities over the forecast years. However, the high cost and stringent regulations as well as limitations associated with biomarker use are challenging the market growth throughout the forecast period of 2024-2032.
The key regions considered for the Global Thrombosis and Hemostasis Biomarkers Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Thrombosis and Hemostasis Biomarkers Market in terms of revenue. The market growth in the area is being attributed to factors including the presence of a highly developed healthcare infrastructure, significant investments in research and development, and the widespread adoption of advanced diagnostic technologies. The United States leads the market due to a high prevalence of cardiovascular diseases and blood disorders, as well as strong collaborations between academic institutions and industry players to develop innovative diagnostic solutions. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by rising healthcare expenditures, increasing prevalence of thrombotic disorders, and a growing awareness of the importance of early diagnosis and treatment. Countries such as China, India, and Japan are experiencing significant market expansion due to the increasing burden of lifestyle-related diseases, expanding middle-class populations with improved access to healthcare, and government initiatives aimed at enhancing healthcare quality and accessibility.