The immunoprotein diagnostic testing market is expected to grow, due to the growing burden of chronic diseases and technological advancements related to the products.
- According to the Institute of Health Metrics and Evaluation, DALYS (Disability-adjusted Life Years) is a tool to measure the burden of diseases. It determines the years lost due to diseases. The countries below 20,000 per 100,000 DALYS are considered to be healthy. In 2017, the sub-Saharan African region was reported with around 80,000 DALYS per 100,000 individuals.
- Furthermore, Diagnostic System GmbH introduced a new reagent in the market in 2019. It is immunoturbidometric assay that identifies procalcitonin in the serum. Hence, these factors are expected to further boost the immunoprotein diagnostic testing market.
Key Market Trends
Endocrine Segment is Expected to Hold a Significant Market Share in the Immunoprotein Diagnostic Testing Market
The endocrine segment is expected to exhibit steady growth in the immunoprotein diagnostic testing market. The growing burden of endocrine diseases, such as diabetes, and the development of products related to immuno diagnostic testing are the factors driving the growth of the segment.
According to the Center for Disease Control and Prevention, in 2018, 1.5 million new cases were diagnosed with diabetes in the United States in people aged 18 years and above.
Furthermore, diabetic neuropathy is common consequence of diabetes. According to the study of Journal of Diabetes Research, the presence of microalbuminuria is the clinical evidence for diabetic neuropathy. Hence, the detection of microalbuminuria is very important in the diagnosis of it.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to be a dominant region, owing to the rising geriatric population and the growing burden of diseases. According to the Institute of Health Metrics and Evaluation, in 2017, the DALYS was found to be around 24,305. According to the US Census Bureau, in the United States, around 52 million of the population in 2018 were at the age of 65 or above. The older population is at high risk and likely to suffer from chronic diseases, due to its weaker metabolic and immune system. Almost a quarter of the older population is diagnosed with diabetes, and the number is expected to increase rapidly in the coming decades, according to the study of the National Institute of Diabetes and Digestive and Kidney Diseases, 2018. This emerges the need for early detection of diseases so that proper treatment can be taken. Thus, it is expected to influence positively the immunoprotein diagnostic testing market.
Key players that are expected to be dominant in the immunoprotein diagnostic testing market are Thermofisher Scientific Inc., Enzo Lifesciences Inc., Randox Laboratories, Abbott, Bio-Rad Laboratories Inc., Abbott, SERVA Electrophoresis GmbH, F. Hoffmann-La Roche Ltd, Diazyme Laboratories Inc., and Calbiotech Inc.
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