Currently, functional medicine lab testing is highly recommended to determine the root cause of diseases. As functional medicine is more supportive in prevention, diagnosis, and management of long-lasting diseases. It also enriches the skills of doctors, as they spend more time with the patients to observe the factors that effect long term health of an individual. The latest IndustryARC’s market research report projects that the global functional medicine lab testing market is estimated to reach $5.5 billion by 2025. It is set to grow with a CAGR of 11% over the forecast period 2019-2025.
The IndustryARC report titled: “Functional Medicine Lab Testing Market: By Type of Sample (Blood, Hair, Saliva & Others); By Application (Micronutrient Tests, Adrenal Stress Profile, Organic Acid Testing and others); By Testing Center (Hospitals, Clinics); & By Geography Forecast Period (2019-2025)” comprises of the information related to the process whose focus is to address the cause of a disease, study about the symptoms in the history, analyse the genetic environment and life style of individual.
Functional Medicine Lab Testing Market: Leading Segments
A blood sample is mostly preferred among different type of samples to measure a variety of functionalities such as blood sugar, kidney and liver function, cholesterol and triglycerides. Blood test detects the imbalances that occur before disease, thus providing enormous support in disease prevention. Blood sample evaluates food sensitivity test, hypothyroidism, and vitamin and mineral deficiency. Complete blood count (CBC), and complete metabolic panel are the most common blood tests that are performed by patients.
Adrenal stress profile application of functional medicine lab testing accounts for about 12% market share in the global functional medicine lab testing market for 2017. According to the World Health Organisation, 27% of the people who are suffering from depressive disorder are located in the South East Asia Region followed by the West Pacific Region. Testing centres are known for toxic chemical exposure treatment along with the detection of the root cause of the disease. Laboratories are the fastest growing end user for functional medicine lab testing market and it projects with a CAGR of 11.3% during the forecast period 2019-2025[NM7] . The collaboration of laboratories with clinics and hospitals is encouraging the advanced laboratory testing such as amino acids testing, organic acid testing, oxidative stress analysis, hormone testing, and fatty acid profile.
Functional Medicine Lab Testing Market: Disruptive Trends
o Growing incidences of infectious diseases, augmenting funds and investments in expanding the functional test labs
o Rising focus of both domestic and international players of the America functional lab test market is driving the demand for POC testing products in the American region.
o North America region has been elevated as a high target disease prevalence region, the presence of massive heath conscious people has increased the share of this region in the global functional medicine lab testing market.
o Increasing usage of cutting edge indicative advances in the developing healthcare organizations of the eminent countries such as India and China.
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A. Regenerative Medicine Market
B. Medical Laboratories Market
What can you expect from the report?
The functional medicine lab testing market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Applications 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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