China Thrombosis And Hemostasis Biomarkers Market Size & Outlook
China thrombosis and hemostasis biomarkers market, 2018-2030 (US$M)
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China thrombosis and hemostasis biomarkers market highlights
- The China thrombosis and hemostasis biomarkers market generated a revenue of USD 241.5 million in 2022 and is expected to reach USD 475.1 million by 2030.
- The China market is expected to grow at a CAGR of 8.8% from 2023 to 2030.
- In terms of segment, reagents & consumables was the largest revenue generating product in 2022.
- Reagents & Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Thrombosis and hemostasis biomarkers market data book summary
| Market revenue in 2022 | USD 241.5 million |
| Market revenue in 2030 | USD 475.1 million |
| Growth rate | 8.8% (CAGR from 2022 to 2030) |
| Largest segment | Reagents & consumables |
| Fastest growing segment | Reagents & Consumables |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Analyzers, Reagents & Consumables |
| Key market players worldwide | BioMerieux SA, Roche Holding AG, Siemens Healthineers AG ADR, Abbott Laboratories, Horiba Ltd, QuidelOrtho Corp, Thermo Fisher Scientific Inc, Biomedica Diagnostics, Werfen, Diazyme Laboratories |
Other key industry trends
- In terms of revenue, China accounted for 4.8% of the global thrombosis and hemostasis biomarkers market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China thrombosis and hemostasis biomarkers market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 475.1 million by 2030.
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Thrombosis And Hemostasis Biomarkers Market Scope
Thrombosis And Hemostasis Biomarkers Market Companies
| Name | Profile | # Employees | HQ | Website |
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China thrombosis and hemostasis biomarkers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thrombosis and hemostasis biomarkers market will help companies and investors design strategic landscapes.
Reagents & consumables was the largest segment with a revenue share of 65.26% in 2022. Horizon Databook has segmented the China thrombosis and hemostasis biomarkers market based on analyzers, reagents & consumables covering the revenue growth of each sub-segment from 2018 to 2030.
The key factors driving this market include the increasing prevalence of cardiovascular diseases, the rising geriatric population, and the growing prevalence of diseases such as DVT & PE. For instance, according to a report by the National Library of Medicine, an estimated 330 million people suffered from CVDs in China in 2019 and related deaths accounted for 46.7% of rural & 44.2% of urban populations.
Biomarkers are expected to increase the Likelihood of Approval (LOA) of clinical studies. According to an analysis by Biomedtracker, out of 9,985 phase transitions, 512 were identified that incorporated a selection biomarker for patient stratification.
The use of selection biomarkers raises the LOA of Phase I from 10% to 25%. Most biomarker tests in China are not reimbursable, and patients have to pay out of their pockets for such tests. This factor can often prove to be restrictive to the growth of the thrombosis and hemostasis biomarkers market.
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Our clientele includes a mix of thrombosis and hemostasis biomarkers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China thrombosis and hemostasis biomarkers market , including forecasts for subscribers. This country databook contains high-level insights into China thrombosis and hemostasis biomarkers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China thrombosis and hemostasis biomarkers market size, by product, 2018-2030 (US$M)
China Thrombosis And Hemostasis Biomarkers Market Outlook Share, 2022 & 2030 (US$M)
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