Liver function tests (LFT)
are blood tests that are used to help healthcare professionals to differentiate among different types of liver disorders, detect the presence of liver disease, gauge the extent of liver damage, and follow the response to treatment. Globally, development of efficient and advance diagnostics technology, rise in the awareness among, rising focus on research development activities in this segment, increasing prevalence of liver diseases across the globe, and growing intake of alcohol are the prime growth drivers of global liver function tests market. In addition, increase in adoption of liver function tests in emerging economies such as China, India and others, will create new opportunities for global liver function tests market. However, higher cost of the research and development, and complex government approval processes are the key restraints for global liver function tests market.
Geographically North America dominated
global liver function tests market,
followed by Europe because of high medical reimbursement facilities, government support, and technological advancement in diagnostic devices. Asia Pacific is projected to have fastest growth, owing to rapidly increasing aging population, growing prevalence of chronic diseases, rise in consumer awareness, modernization of healthcare infrastructure, and growing medical tourism industry in developing nations such as China, and India in this region.
This report identifies the global liver function tests market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global liver function tests market.
This report segments global liver function tests market on the basis of enzymes, applications, and regional market as follows:
- Liver Function Tests Market, By Enzymes: Aspartate Aminotransferase (AST), and Alanine Aminotransferase (ALT)
- The report has focused study on liver function tests market by basis of applications such as: Disease Activity, Investigation of Suspected Liver Disease, Blood Routine Analysis, and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the liver function tests market. Some of the major companies’ profiles in detail are as follows:
- Alpha Laboratories
- Biobase Group
- Horiba Medical
- Laboratory Corporation of America Holdings