Thromboelastography Machine Market, by Type of Assays (Standard, RapidTEG, Heparinase, Functional Fibrinogen, Platelet Mapping, and Others), by Application (Liver Transplantation, Cardio-pulmonary Bypass Surgery, Obstetrics, Neonatology and Pediatrics, Trauma, and Others) by End User (Hospitals & Clinics, Academic Institutes, Blood Banks and Others), and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Thromboelastography (TEG) is a viscoelastic hemostatic assay that measures the visco-elastic properties of blood clot formation. It is mainly used in surgery and anesthesiology. These tests are capable of measuring coagulation factor function. Some other tests for blood coagulation includes prothrombin time (PT,INR) and partial thromboplastin time (aPTT). However, thromboelastography provides information regarding all components of hemostasis such as coagulation and platelet function. Also, TEG offers a particular advantage in diagnosing fibrinolysis. TEG machines are used for carrying out this test.

Increasing use of TEG machines for blood management has helped in predicting and managing bleeding disorders. It also helps in evaluating the risk for re-operation, which leads to cost saving, as it reduces unnecessary blood component transfusions. These machines have applications in hospitals, blood banks, pharmaceutical, and academic institutes.

Thromboelastography Machine Market – Dynamics

Increasing patient population suffering from lifestyle associated diseases and chronic blood disorder is expected to contribute to significant growth of the thromboelastography machine market. For instance, according to the Leukemia & Lymphoma Society (LLS), about every 3 minutes, one person is diagnosed with blood cancer, which accounted for combined total of 174,250 people in the U.S. in 2017. Moreover, around 1,735,350 new cancer cases are expected to be diagnosed in 2018, which accounts for around 10% of the total U.S. population as per the data given by the Leukemia and Lymphoma society (LLS). Furthermore, rising awareness in the management of acute coagulopathy of trauma is expected to propel growth of the thromboelastography machine market.

Moreover, emergence of high throughput TEG analyzers is propelling the market growth. For instance, in 2017, Haemonetics Corporation received FDA 510(k) approval for its TEG 6s Hemostasis System, which is used to study an individual’s hemostasis condition in a laboratory or in point-of-care setting. However, increasing research activities for the development of substitutes for testing the efficiency of blood coagulation is expected to limit growth of thromboelastography machine market.

Thromboelastography Machine Market – Regional Insights

Based on the region, the global thromboelastography machine market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America is expected to be dominant in the global thromboelastography machine market during the forecast period. This is owing to developed healthcare infrastructure and rising R&D activities in the region. Moreover, growing incidence of surgeries and organ transplant procedures is expected to propel growth of the market. For instance, according to U.S. Department of Health and Human Services, 34,770 transplants were performed in the U.S in 2017.

Furthermore, Asia Pacific is expected to witness significant growth in the thromboelastography machine market during the forecast period, owing to rising adoption of TEG analyzers in diagnostic laboratories in this region. Moreover, increasing prevalence of hemostasis disorders has fuelled growth of thromboelastography machine market in this region. For instance, according to the World Federation of Hemophilia annual report, approximately 17,346 people were suffering from Hemophilia in India in 2015.

Thromboelastography Machine Market – Competitive Landscape

Major players operating in the thromboelastography machine markets include Haemonetics Corporation, Life Diagnostica, Hemologix s.r.l., Medirox AB, Instrumentation Laboratory, Diagnostica Stago and others. Key players in thromboelastography machine market are focusing on implementing strategies such as new product launches and acquisitions in order to retain dominant position in the market. For instance, in 2016, Instrumentation Laboratory (IL) acquired CA Casyso AG (Basel, Switzerland) and its Tem subsidiaries (Tem). This will help IL in expanding its product line in Hemostasis and Critical Care IVD and in viscoelastic testing.

Thromboelastography Machine Market – Taxonomy

On the basis of types of assays, the global thromboelastography machine market is segmented into:

  • Standard
  • RapidTEG
  • Heparinase
  • Functional Fibrinogen
  • Platelet Mapping
  • Others

On the basis of application, the global thromboelastography machine market is segmented into:

  • Liver Transplantation
  • Cardio-pulmonary Bypass Surgery
  • Obstetrics
  • Neonatology and Pediatrics
  • Trauma
  • Others

On the basis of end user, the global thromboelastography machine market is segmented into:

  • Hospitals & Clinics
  • Academic Institutes
  • Blood Banks
  • Others

On the basis of geography, the global thromboelastography machine market is segmented into:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.