The Thrombophilia Testing Market is expected to register a CAGR of 7.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product Type (Kits and reagents, Instruments (HPLC), Automated, Semi-automated); Test Type (Complete Blood Count (CBC), Factor V Assay, Fibrinogen Level, Prothrombin Time (PT or PT-INR), Platelet Count, Thrombin Time, Bleeding Time); and End user (Hospital, Diagnostic laboratories, Academic institutions). The global analysis is further broken down at the regional level and major countries. The report offers the value in US$ for the above analysis and segments
Purpose of the ReportThe report Thrombophilia Testing Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Thrombophilia Testing Market Segmentation
Product Type- Kits and reagents
- Instruments
- Automated
- Semi-automated
- Complete Blood Count
- Factor V Assay
- Fibrinogen Level
- Prothrombin Time
- Platelet Count
- Thrombin Time
- Bleeding Time
- Hospital
- Diagnostic laboratories
- Academic Institutions
Strategic Insights
Thrombophilia Testing Market Growth Drivers- Increasing Prevalence of Thrombosis and Blood Clotting Disorders: The Thrombophilia Testing Market is growing because more people develop blood clots and thrombosis-related disorders. More people are developing blood clots because of their genetic tendencies and lifestyle changes plus an aging population. Our healthcare system needs more tests to identify people who are at risk of developing DVT, PE, and other blood clotting problems because these conditions affect more people worldwide. As more patients get diagnosed with thrombophilia disorders the need for genetic testing and diagnostic tools used in labs will keep growing in the future. Early detection of thrombophilia patients through right anticoagulant medicine lowers their chance of getting strokes, heart attacks, and organ harm. The market for thrombophilia testing will grow larger as healthcare systems work to stop cardiovascular events and create better patient results. More doctors now recognize that thrombophilia affects patients with chronic diseases which results in increased testing demand and market growth for diagnostic providers. The market for thrombophilia testing continues to grow because experts predict this trend will continue.
- Advancements in Genetic Testing and Diagnostic Technologies: The Thrombophilia Testing Market grows because of recent genetic testing and diagnostic technology developments. Research on thrombophilia genetics leads to better diagnostic tools that can now detect genetic mutations like Factor V Leiden and prothrombin gene mutation which increase blood clot risk. Research shows genetic testing for thrombophilia diagnosis will expand due to new precise diagnostic tools. The latest polymerase chain reaction (PCR) and next-generation sequencing (NGS) technology help doctors perform thrombophilia tests faster and with better accuracy to find the best treatment for each patient. The latest testing technologies increase market size and lower costs ,especially in developing nations. The market for genetic testing in thrombophilia diagnosis grows because precision medicine requires treatments based on an individual's DNA results. Healthcare providers' adoption of advanced testing methods increases market share for thrombophilia testing companies leading to market expansion.
- Rising Awareness and Preventive Healthcare Measures: The Thrombophilia Testing Market grows because people focus more on preventing health issues and learning more about blood clot conditions. Public health efforts to find cardiovascular problems early push more people to get tested for thrombophilia especially when they have family members with blood clotting issues or other risk factors. People who have a higher risk of developing thrombophilia now get tested because they understand the health dangers of undiagnosed blood clotting issues. Healthcare systems everywhere will spend more on identifying people before they develop clotting disorder problems according to market research. More people get tested for thrombophilia because diagnostic tools now cost less and are easier to access. The market for thrombophilia tests grows because preventive healthcare becomes more important. People can now get tested for thrombophilia through online platforms and testing kits along with local healthcare providers which drives up testing provider market share. The thrombophilia testing sector will keep growing because more people want to prevent health problems.
- Shift Towards Home-Based Thrombophilia Testing: The Thrombophilia Testing Market will evolve due to rising interest in testing for thrombophilia at home. New diagnostic equipment lets people test for thrombophilia inside their own homes. Home-based thrombophilia testing kits are projected to expand rapidly because customers want easy and affordable testing options. Thrombophilia testing kit sales will rise at home since people want to test their health without going to a doctor and this trend will grow stronger in countries where blood clots are known problems. Users can perform sample collection at home and send it to labs for testing which returns results quickly and replaces many healthcare visits. Home tests will spread thrombophilia testing worldwide because they help people without good healthcare access. The market for thrombophilia tests will see larger growth because more people can now access decentralized testing options. Home-based testing kit providers will receive more market business because customers want these tests more. As the trend toward self-testing continues, it will provide new growth opportunities for companies in the thrombophilia testing market.
- Expansion of Biomarker-Based Thrombophilia Tests: Biomarker-based thrombophilia tests will drive significant market developments in the upcoming years. These tests check for blood biomarkers that show someone is at risk for thrombophilia to make a better clotting disorder diagnosis. As research into thrombophilia continues to progress scientists expect they will find new biomarkers which will help create better diagnostic tools. Biomarker tests detect conditions more precisely through improved accuracy since they recognize more exact details than standard procedures. Healthcare providers can develop better treatment plans because biomarkers help them study how thrombophilia works in the body. As more people gain access to lower-cost biomarker tests for thrombophilia diagnosis the market expands. Companies have a chance to grow their business through biomarker testing technologies to reach more customers in the market. Advanced thrombophilia tests will create new market opportunities when healthcare systems across the world begin using them.
- Growing Demand for Personalized Medicine in Thrombophilia Treatment: More healthcare providers use individual genetic profiles to create customized treatment plans through personalized medicine in the Thrombophilia Testing Market. As healthcare evolves toward precision medicine patients need thrombophilia tests that combine genetic and medical results to make better treatment choices. The future of thrombophilia care will heavily depend on personalized medicine to select the most effective anticoagulant therapy for people based on their unique genetic risk profiles. Individualized thrombophilia testing helps doctors choose better treatments that work well and keep patients safer. The increasing need for personalized treatments will boost market growth for diagnostic tests and thrombophilia therapies together. As healthcare providers embrace precision medicine more companies that offer personalized thrombophilia tests and treatments will gain market share. Companies that make diagnostic tests and treatments for thrombophilia will find new growth chances in the expanding market sector.
- Growth in Direct-to-Consumer Testing Kits: DTC testing kits are the new potential growth areas for Thrombophilia Testing Market. As there is a rise in demand for healthcare solutions from the comfort of their homes, at-home screening tests for thrombophilia and other clotting disorders with DTC testing kits are witnessing increased usage. According to forecasts, the demand for easy-to-use and accessible diagnostic solutions will increase as consumers become more health-conscious and proactive about their well-being. DTC thrombophilia testing kits enable people to collect samples at home and send them to accredited laboratories for analysis, which is convenient and private. The growing demand for self-testing solutions is a huge growth opportunity for companies in the thrombophilia testing market. The market size for DTC diagnostic kits is expected to grow as more companies enter this space and develop innovative, user-friendly products. The increasing popularity of DTC testing will expand the market share of companies offering these kits and contribute to overall growth in the thrombophilia testing market.
- Preventive Healthcare Focus is Increasing: A significant growth opportunity for the Thrombophilia Testing Market comes from increasing preventive healthcare focus. As the public becomes increasingly aware of the need for early diagnosis and prevention of cardiovascular and thrombotic events, more individuals seek diagnostic tests to identify genetic predispositions to thrombophilia. As public health campaigns focus on early detection, demand for thrombophilia tests will be on the rise. The growing preventive healthcare strategies that identify high-risk individuals for thrombosis are expected to drive market growth, especially in at-risk populations such as family history of clotting disorders. The demand for personalized, preventative care will create huge market size growth for thrombophilia testing. Around the world, healthcare systems are increasingly embracing preventive measures. This will further increase the demand for diagnostic tests and provide a good growth opportunity for test providers. Companies focusing on providing preventative diagnostics will be in a good position to capture a larger market share, which will continue to drive growth in the thrombophilia testing market.
- Advanced Genetic Testing Technologies: Advancement of the Technological front, including new diagnostic advanced genetic testing, provides great development scope in Thrombophilia Testing Market. Advances in genetic mutation of causative contributions for thrombophilia enhance demands for diagnostic and analytical technologies which have precision more than present test diagnosis. High throughput next generation sequencing, next-gen genome or gene, NGS or ultra deep, multiplex next-gen ( Next-gen ultra high through), others in new development. It would allow the technology to identify many more genetic mutations and markers linked with thrombophilia, therefore better diagnosing more and more diseases in detail. An increasing demand for these sophisticated tests would push market size growth, increasing the share of companies offering new advanced genetic diagnosis technologies. Increased use and accessibility of genetic testing would open new growth opportunities for companies in the thrombophilia testing market, particularly those at the forefront of innovation in genetic diagnostics.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Thrombophilia Testing Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Thrombophilia Testing Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
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to segments covered.

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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Frequently Asked Questions
The Thrombophilia Testing Market is estimated to witness a CAGR of 7.5% from 2025 to 2031
The major factors driving the Thrombophilia Testing Market are Increasing Prevalence of Thrombosis and Blood Clotting Disorders, Advancements in Genetic Testing and Diagnostic Technologies, and Rising Awareness and Preventive Healthcare Measures.
Future trends in the Thrombophilia Testing Market are Shift Towards Home-Based Thrombophilia Testing, Expansion of Biomarker-Based Thrombophilia Tests, and Growing Demand for Personalized Medicine in Thrombophilia Treatment.
Some of the players operating in the market are Abbott, Accriva Diagnostics, Alere Inc., F. Hoffmann-La Roche Ltd, HomoSonics LLC., Instrumentation Laboratory SpA, Johns Hopkins Medicine, LabCorp, Siemens Healthineers, and Sienco, Inc.
The report can be delivered in PDF/PPT format; we can also share an excel datasheet based on the request.
Some customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Thrombophilia Testing Market - By Product Type
1.3.2 Thrombophilia Testing Market - By Test Type
1.3.3 Thrombophilia Testing Market - By End user
1.3.4 Thrombophilia Testing Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. THROMBOPHILIA TESTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. THROMBOPHILIA TESTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. THROMBOPHILIA TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. THROMBOPHILIA TESTING - GLOBAL MARKET OVERVIEW
6.2. THROMBOPHILIA TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. THROMBOPHILIA TESTING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. KITS AND REAGENTS
7.3.1. Overview
7.3.2. Kits and reagents Market Forecast and Analysis
7.4. INSTRUMENTS (HPLC)
7.4.1. Overview
7.4.2. Instruments (HPLC) Market Forecast and Analysis
7.5. AUTOMATED
7.5.1. Overview
7.5.2. Automated Market Forecast and Analysis
7.6. SEMI-AUTOMATED
7.6.1. Overview
7.6.2. Semi-automated Market Forecast and Analysis
8. THROMBOPHILIA TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TEST TYPE
8.1. OVERVIEW
8.2. TEST TYPE MARKET FORECASTS AND ANALYSIS
8.3. COMPLETE BLOOD COUNT (CBC)
8.3.1. Overview
8.3.2. Complete Blood Count (CBC) Market Forecast and Analysis
8.4. FACTOR V ASSAY
8.4.1. Overview
8.4.2. Factor V Assay Market Forecast and Analysis
8.5. FIBRINOGEN LEVEL
8.5.1. Overview
8.5.2. Fibrinogen Level Market Forecast and Analysis
8.6. PROTHROMBIN TIME (PT OR PT-INR)
8.6.1. Overview
8.6.2. Prothrombin Time (PT or PT-INR) Market Forecast and Analysis
8.7. PLATELET COUNT
8.7.1. Overview
8.7.2. Platelet Count Market Forecast and Analysis
8.8. THROMBIN TIME
8.8.1. Overview
8.8.2. Thrombin Time Market Forecast and Analysis
8.9. BLEEDING TIME
8.9.1. Overview
8.9.2. Bleeding Time Market Forecast and Analysis
9. THROMBOPHILIA TESTING MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL
9.3.1. Overview
9.3.2. Hospital Market Forecast and Analysis
9.4. DIAGNOSTIC LABORATORIES
9.4.1. Overview
9.4.2. Diagnostic laboratories Market Forecast and Analysis
9.5. ACADEMIC INSTITUTIONS
9.5.1. Overview
9.5.2. Academic institutions Market Forecast and Analysis
10. THROMBOPHILIA TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Thrombophilia Testing Market Overview
10.1.2 North America Thrombophilia Testing Market Forecasts and Analysis
10.1.3 North America Thrombophilia Testing Market Forecasts and Analysis - By Product Type
10.1.4 North America Thrombophilia Testing Market Forecasts and Analysis - By Test Type
10.1.5 North America Thrombophilia Testing Market Forecasts and Analysis - By End user
10.1.6 North America Thrombophilia Testing Market Forecasts and Analysis - By Countries
10.1.6.1 United States Thrombophilia Testing Market
10.1.6.1.1 United States Thrombophilia Testing Market by Product Type
10.1.6.1.2 United States Thrombophilia Testing Market by Test Type
10.1.6.1.3 United States Thrombophilia Testing Market by End user
10.1.6.2 Canada Thrombophilia Testing Market
10.1.6.2.1 Canada Thrombophilia Testing Market by Product Type
10.1.6.2.2 Canada Thrombophilia Testing Market by Test Type
10.1.6.2.3 Canada Thrombophilia Testing Market by End user
10.1.6.3 Mexico Thrombophilia Testing Market
10.1.6.3.1 Mexico Thrombophilia Testing Market by Product Type
10.1.6.3.2 Mexico Thrombophilia Testing Market by Test Type
10.1.6.3.3 Mexico Thrombophilia Testing Market by End user
10.2. EUROPE
10.2.1 Europe Thrombophilia Testing Market Overview
10.2.2 Europe Thrombophilia Testing Market Forecasts and Analysis
10.2.3 Europe Thrombophilia Testing Market Forecasts and Analysis - By Product Type
10.2.4 Europe Thrombophilia Testing Market Forecasts and Analysis - By Test Type
10.2.5 Europe Thrombophilia Testing Market Forecasts and Analysis - By End user
10.2.6 Europe Thrombophilia Testing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Thrombophilia Testing Market
10.2.6.1.1 Germany Thrombophilia Testing Market by Product Type
10.2.6.1.2 Germany Thrombophilia Testing Market by Test Type
10.2.6.1.3 Germany Thrombophilia Testing Market by End user
10.2.6.2 France Thrombophilia Testing Market
10.2.6.2.1 France Thrombophilia Testing Market by Product Type
10.2.6.2.2 France Thrombophilia Testing Market by Test Type
10.2.6.2.3 France Thrombophilia Testing Market by End user
10.2.6.3 Italy Thrombophilia Testing Market
10.2.6.3.1 Italy Thrombophilia Testing Market by Product Type
10.2.6.3.2 Italy Thrombophilia Testing Market by Test Type
10.2.6.3.3 Italy Thrombophilia Testing Market by End user
10.2.6.4 Spain Thrombophilia Testing Market
10.2.6.4.1 Spain Thrombophilia Testing Market by Product Type
10.2.6.4.2 Spain Thrombophilia Testing Market by Test Type
10.2.6.4.3 Spain Thrombophilia Testing Market by End user
10.2.6.5 United Kingdom Thrombophilia Testing Market
10.2.6.5.1 United Kingdom Thrombophilia Testing Market by Product Type
10.2.6.5.2 United Kingdom Thrombophilia Testing Market by Test Type
10.2.6.5.3 United Kingdom Thrombophilia Testing Market by End user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Thrombophilia Testing Market Overview
10.3.2 Asia-Pacific Thrombophilia Testing Market Forecasts and Analysis
10.3.3 Asia-Pacific Thrombophilia Testing Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Thrombophilia Testing Market Forecasts and Analysis - By Test Type
10.3.5 Asia-Pacific Thrombophilia Testing Market Forecasts and Analysis - By End user
10.3.6 Asia-Pacific Thrombophilia Testing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Thrombophilia Testing Market
10.3.6.1.1 Australia Thrombophilia Testing Market by Product Type
10.3.6.1.2 Australia Thrombophilia Testing Market by Test Type
10.3.6.1.3 Australia Thrombophilia Testing Market by End user
10.3.6.2 China Thrombophilia Testing Market
10.3.6.2.1 China Thrombophilia Testing Market by Product Type
10.3.6.2.2 China Thrombophilia Testing Market by Test Type
10.3.6.2.3 China Thrombophilia Testing Market by End user
10.3.6.3 India Thrombophilia Testing Market
10.3.6.3.1 India Thrombophilia Testing Market by Product Type
10.3.6.3.2 India Thrombophilia Testing Market by Test Type
10.3.6.3.3 India Thrombophilia Testing Market by End user
10.3.6.4 Japan Thrombophilia Testing Market
10.3.6.4.1 Japan Thrombophilia Testing Market by Product Type
10.3.6.4.2 Japan Thrombophilia Testing Market by Test Type
10.3.6.4.3 Japan Thrombophilia Testing Market by End user
10.3.6.5 South Korea Thrombophilia Testing Market
10.3.6.5.1 South Korea Thrombophilia Testing Market by Product Type
10.3.6.5.2 South Korea Thrombophilia Testing Market by Test Type
10.3.6.5.3 South Korea Thrombophilia Testing Market by End user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Thrombophilia Testing Market Overview
10.4.2 Middle East and Africa Thrombophilia Testing Market Forecasts and Analysis
10.4.3 Middle East and Africa Thrombophilia Testing Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Thrombophilia Testing Market Forecasts and Analysis - By Test Type
10.4.5 Middle East and Africa Thrombophilia Testing Market Forecasts and Analysis - By End user
10.4.6 Middle East and Africa Thrombophilia Testing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Thrombophilia Testing Market
10.4.6.1.1 South Africa Thrombophilia Testing Market by Product Type
10.4.6.1.2 South Africa Thrombophilia Testing Market by Test Type
10.4.6.1.3 South Africa Thrombophilia Testing Market by End user
10.4.6.2 Saudi Arabia Thrombophilia Testing Market
10.4.6.2.1 Saudi Arabia Thrombophilia Testing Market by Product Type
10.4.6.2.2 Saudi Arabia Thrombophilia Testing Market by Test Type
10.4.6.2.3 Saudi Arabia Thrombophilia Testing Market by End user
10.4.6.3 U.A.E Thrombophilia Testing Market
10.4.6.3.1 U.A.E Thrombophilia Testing Market by Product Type
10.4.6.3.2 U.A.E Thrombophilia Testing Market by Test Type
10.4.6.3.3 U.A.E Thrombophilia Testing Market by End user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Thrombophilia Testing Market Overview
10.5.2 South and Central America Thrombophilia Testing Market Forecasts and Analysis
10.5.3 South and Central America Thrombophilia Testing Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Thrombophilia Testing Market Forecasts and Analysis - By Test Type
10.5.5 South and Central America Thrombophilia Testing Market Forecasts and Analysis - By End user
10.5.6 South and Central America Thrombophilia Testing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Thrombophilia Testing Market
10.5.6.1.1 Brazil Thrombophilia Testing Market by Product Type
10.5.6.1.2 Brazil Thrombophilia Testing Market by Test Type
10.5.6.1.3 Brazil Thrombophilia Testing Market by End user
10.5.6.2 Argentina Thrombophilia Testing Market
10.5.6.2.1 Argentina Thrombophilia Testing Market by Product Type
10.5.6.2.2 Argentina Thrombophilia Testing Market by Test Type
10.5.6.2.3 Argentina Thrombophilia Testing Market by End user
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. THROMBOPHILIA TESTING MARKET, KEY COMPANY PROFILES
12.1. ABBOTT
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ACCRIVA DIAGNOSTICS
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ALERE INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. F. HOFFMANN-LA ROCHE LTD
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HOMOSONICS LLC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. INSTRUMENTATION LABORATORY SPA
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. JOHNS HOPKINS MEDICINE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. LABCORP
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SIEMENS HEALTHINEERS
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SIENCO, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Abbott
2. Accriva Diagnostics
3. Alere Inc.
4. F. Hoffmann-La Roche Ltd
5. HomoSonics LLC.
6. Instrumentation Laboratory SpA
7. Johns Hopkins Medicine
8. LabCorp
9. Siemens Healthineers
10. Sienco, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.