The latest published report by Polaris Market Research The report “Liver Disease Diagnostics Market Share, Size, Trends, Industry Analysis Report, By Diagnosis Technique (Imaging, Laboratory Tests, Endoscopy, Biopsy, Others); By End-Use (Hospitals, Laboratories, Others), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global liver disease diagnostics market was valued at USD 30.59 billion in 2020 and size is expected to reach USD 50.61 billion by 2028 to grow at a CAGR of 6.7% from 2021 – 2028. Asia Pacific market for liver disease diagnostics is projected to witness lucrative growth over the assessment period. The rising geriatric population, increase in incidences rate of liver-related disorders, owing to rise in alcohol consumption, and awareness among individuals about regular checkups is contributing to the region’s market growth for liver disease diagnostics.
Moreover, a positive regulatory scenario towards advanced technologies with integrated imaging services also favored the market growth for liver disease diagnostics. In this direction, in August 2018, LiverMultiScan, an Australia-based company, received clearance to diagnose patients in Australia suffering from NAFLD and NASH diseases.
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As per the market statistics published by the United Nations, through its World Population Prospects working group, in 2019, by 2050, there would be 1 in 6 old age people (over 65 years), as compared to 1 in 11 in 2019. This old age group accounts for one-fifth of the total population in 17 countries, and it is projected to be increased by the end of this century in 155 countries, covering 61 percent of the global population. This is mainly due to an increase in life expectancy and declining fertility rates among the people.
Market participants such as Horiba Medical, Abbott, Fujifilm Corporation, Roche Ltd, Randox Laboratories Ltd., Boston Scientific Corporation, Thermo Fisher Scientific Inc., Laboratory Corporation of America Holdings, and Siemens Healthcare GmbH. are some of the key players operating in the market for liver disease diagnostics.
Key players in the market for liver disease diagnostics are undertaking initiatives to favor non-profit organizations to spread awareness and help patients in the diagnosis of liver abnormalities. In this direction, in January 2020, Echosens supported the U.S.-based academic institution Fatty Liver Foundation (FLF) through FibroScan to enable physicians in the diagnostics of liver-related diseases and disorders.
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North America is projected to dominate the liver disease diagnostics market over the forecast period, on account of the rise in adoption of therapeutic approaches and novel diagnostic for the treatment of liver issues. In addition to this, increasing investments by market players to improve their quality of healthcare services offerings. In the Asia Pacific, the market is expected to grow significantly, owing to the rapidly growing geriatric population, increasing cases of liver disease, and rise in demand for effective treatment options. A rise in the government’s effort to bring down the cases of liver disease in the region is anticipated to further drive the market growth.
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Table of Contents
Liver Disease Diagnostics Market Insights
Liver Disease Diagnostics Market Assessment by Diagnosis Technique
- Laboratory tests
Liver Disease Diagnostics Market, by End-Use
Liver Disease Diagnostics Market Assessment by Geography
The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
- Industry Trends, opportunity and challenges in the market
- Role of key players across the value chain
- End-User analysis to define the market strategy
- Competitive mapping
- Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report.
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