Anticoagulant therapeutic drugs prevent or reduce blood coagulation and delay clotting time which can block arteries, veins or the valves of the heart. Anticoagulant therapeutic drugs are recommended to individuals who are at a greater risk of developing blood clots. For example, they are prescribed to manage for thrombotic disorders. Doctors also prescribe anticoagulants to people who have lately undergone surgery. Use of anticoagulant therapeutic drug monitoring assay kits becomes necessary due to the need for frequent laboratory monitoring associated with anticoagulants like warfarin. Anticoagulant therapeutic drug monitoring assay kits plays an imperative role in patients who are given anticoagulants and needs to be monitored frequently because of the risk of adverse drug reaction resulting from a small difference in dose of drugs with narrow therapeutic index.
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Anticoagulant Therapeutic Drug Monitoring Assay Kits Market: Drivers and Restraints
Past couple of years have seen significant ascent in the incidence rate of strokes which has propelled the demand for anticoagulant therapeutic drug monitoring assay kits. Also, increasing incidences of chronic diseases, cardiovascular disorders, and venous thromboembolism (VTE) are some of the factors that are driving the market for anticoagulant therapeutic drug monitoring assay kits. Moreover, growing rate of surgeries also contribute to the increasing demand for anticoagulant therapeutic drug monitoring assay kits. Also, increasing awareness about certain anticoagulant therapeutic drugs with narrow margin between safety and toxicity escalates the demand for anticoagulant therapeutic drug monitoring assay kits market. Setting up of conventional therapeutic drug monitoring requires a lot of resources including costly equipment and trained personnel which has increased the demand for cost-effective anticoagulant therapeutic drug monitoring assay kits.
Anticoagulant Therapeutic Drug Monitoring Assay Kits Market: Overview
Growing awareness about the available technologies is contributing in the increasing adoption rate for the new devices, which is further expected to create a huge potential for the anticoagulant therapeutic drug monitoring assay kits market. Moreover, user-friendly nature and low product cost will further propel the growth of anticoagulant therapeutic drug monitoring assay kits market. Rising incidences of thrombosis bring surge in the demand for anticoagulant therapeutic drug monitoring assay kits. According to Centers for Disease Control and Prevention (CDC), venous thromboembolism affects 900,000 people each year in the United States. This has increased the demand for anticoagulant therapeutic drug monitoring assay kits in hospitals and surgical centers in the recent years.
Anticoagulant Therapeutic Drug Monitoring Assay Kits Market: Region-wise Outlook
Geographically, the North America market is expected to show high growth in anticoagulant therapeutic drug monitoring assay kits market because of the presence of advanced healthcare infrastructure and rising healthcare expenditure in the region. Launch of novel and new anticoagulant therapeutic drug monitoring assay kits will contribute significantly to the growth of the overall market. Additionally, higher reimbursement rates is anticipated to significantly influence the market growth in the region. Europe is expected to be at second position in the anticoagulant therapeutic drug monitoring assay kits market owing to improving adoption of better healthcare infrastructure in the region. The Asia-Pacific anticoagulant therapeutic drug monitoring assay kits market is expected to develop at an exponential rate in the coming years owing to growing incidences of strokes and surgeries performed.
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