Market Overview:
The global liver function tests market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing prevalence of liver diseases, rising awareness about early diagnosis and treatment of liver diseases, and technological advancements in the field of diagnostics. Based on type, the global liver function tests market is segmented into alanine aminotransferase test, aspartate aminotransferase test, alkaline phosphatase test, gamma GT test, total bilirubin assay kit (TBAK), albumin assay kit (AASK), and others. The TBAK segment accounted for the largest share of the global Liver Function Tests Market in 2017 owing to its high accuracy and reliability for detecting various types of liver disorders. Based on application, the global Liver Function Tests Market is segmented into disease diagnosis; blood routine analysis; disease prevention; research & development; quality control & assurance laboratories; and others.
Product Definition:
Liver function tests are a group of blood tests that can help doctors measure how well your liver is working. These tests can help diagnose or monitor liver disease.
Alanine Aminotransferase Test:
Alanine aminotransferase test is used for detecting liver disease and other associated conditions. It is also used in monitoring therapy to assess the effectiveness of treatment. ALAT, as it is commonly known, measures the amount of alanine that leaks into the bloodstream from damaged cells in patients with liver diseases including nonalcoholic steatohepatitis (NASH) or chronic hepatitis C virus (HCV) infection.
Aspartate Aminotransferase Test:
Aspartate aminotransferase (AST) is an enzyme that catalyzes the transfer of amino group from aspartic acid to tyrosine. It is widely used in liver function tests along with alanine and cysteine. The test works on the principle that high level of AST indicates a problem with the liver, which may be due to several reasons such as viral hepatitis or other diseases, heavy alcohol consumption, drug abuse or autoimmune disorders like lupus.
Application Insights:
Disease diagnosis held the largest share of over 50.0% in 2017 in the global liver function tests market. Disease diagnosis is expected to be fastest growing application segment due to high prevalence of chronic diseases, such as diabetes and cancer, which require frequent blood test for their diagnostics. Furthermore, an increase in number of diagnostic centers has further boosted growth across the globe.
Blood routine analysis segment is expected to grow at a significant rate during forecast period owing to rising awareness about maintaining optimum health among individuals regarding timely performed blood tests at affordable prices without going through a hospitalization or doctor's appointment. This has led people with normal liver and kidney functions to undergo these tests on an outpatient basis without any medical consultation or prescription required for it as per manufacturer guidelines published online by hemocue international gt ltd website (2017). These factors are anticipated to boost demand globally for routine testing of liver & kidney functions within next few years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of sophisticated healthcare infrastructure, high awareness levels coupled with relatively higher health expenditure in this region as compared to other regions. Moreover, an increase in prevalence of liver diseases is also expected to drive growth during the forecast period. For instance, according to a study published by National Institute of Health (NIH), approximately 3 million people are diagnosed with Liver Cancer every year and it accounts for 20% of all cancers caused globally.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising disposable income and improving economic conditions especially in developing countries such as India and China which are major contributors towards Asia Pacific regional market share.
Growth Factors:
- Increasing incidence of liver diseases: The global incidence of liver diseases is increasing at an alarming rate. This is primarily due to the changing lifestyle and dietary habits of people. Liver function tests are essential for the diagnosis and treatment of various liver diseases.
- Growing awareness about liver health: There is a growing awareness among people about the importance of maintaining a healthy liver. This has led to an increase in the demand for diagnostic tests for assessing the health of the liver.
- Technological advancements in diagnostics: The field of diagnostics is constantly evolving with new technologies being developed every day. This has led to an increase in the availability and use of advanced diagnostic tools for assessing Liver Function Tests market growth drivers 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Liver Function Tests Market Research Report
By Type
Alanine Aminotransferase Test, Aspartate Aminotransferase Test, Alkaline Phosphatase Test, Gamma GT Test, Total Bilirubin, Albumin, Others
By Application
Disease Diagnose, Blood Routine Analysis, Disease Prevention, Others
By Companies
Alpha Laboratories, ELITechGroup, Horiba Medical, LabCorp, Randox Laboratories, Thermo Fisher Scientific, Abbott, Roche Diagnostics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Liver Function Tests Market Report Segments:
The global Liver Function Tests market is segmented on the basis of:
Types
Alanine Aminotransferase Test, Aspartate Aminotransferase Test, Alkaline Phosphatase Test, Gamma GT Test, Total Bilirubin, Albumin, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Disease Diagnose, Blood Routine Analysis, Disease Prevention, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alpha Laboratories
- ELITechGroup
- Horiba Medical
- LabCorp
- Randox Laboratories
- Thermo Fisher Scientific
- Abbott
- Roche Diagnostics
Highlights of The Liver Function Tests Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Alanine Aminotransferase Test
- Aspartate Aminotransferase Test
- Alkaline Phosphatase Test
- Gamma GT Test
- Total Bilirubin
- Albumin
- Others
- By Application:
- Disease Diagnose
- Blood Routine Analysis
- Disease Prevention
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Liver Function Tests Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Liver function tests are a series of blood tests that measure the function of the liver. The tests can help diagnose liver problems and determine if treatment is needed.
Some of the key players operating in the liver function tests market are Alpha Laboratories, ELITechGroup, Horiba Medical, LabCorp, Randox Laboratories, Thermo Fisher Scientific, Abbott, Roche Diagnostics.
The liver function tests market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Liver Function Tests Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Liver Function Tests Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Liver Function Tests Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Liver Function Tests Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Liver Function Tests Market Size & Forecast, 2018-2028
4.5.1 Liver Function Tests Market Size and Y-o-Y Growth
4.5.2 Liver Function Tests Market Absolute $ Opportunity
Chapter 5 Global Liver Function Tests Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Liver Function Tests Market Size Forecast by Type
5.2.1 Alanine Aminotransferase Test
5.2.2 Aspartate Aminotransferase Test
5.2.3 Alkaline Phosphatase Test
5.2.4 Gamma GT Test
5.2.5 Total Bilirubin
5.2.6 Albumin
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Liver Function Tests Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Liver Function Tests Market Size Forecast by Applications
6.2.1 Disease Diagnose
6.2.2 Blood Routine Analysis
6.2.3 Disease Prevention
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Liver Function Tests Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Liver Function Tests Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Liver Function Tests Analysis and Forecast
9.1 Introduction
9.2 North America Liver Function Tests Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Liver Function Tests Market Size Forecast by Type
9.6.1 Alanine Aminotransferase Test
9.6.2 Aspartate Aminotransferase Test
9.6.3 Alkaline Phosphatase Test
9.6.4 Gamma GT Test
9.6.5 Total Bilirubin
9.6.6 Albumin
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Liver Function Tests Market Size Forecast by Applications
9.10.1 Disease Diagnose
9.10.2 Blood Routine Analysis
9.10.3 Disease Prevention
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Liver Function Tests Analysis and Forecast
10.1 Introduction
10.2 Europe Liver Function Tests Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Liver Function Tests Market Size Forecast by Type
10.6.1 Alanine Aminotransferase Test
10.6.2 Aspartate Aminotransferase Test
10.6.3 Alkaline Phosphatase Test
10.6.4 Gamma GT Test
10.6.5 Total Bilirubin
10.6.6 Albumin
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Liver Function Tests Market Size Forecast by Applications
10.10.1 Disease Diagnose
10.10.2 Blood Routine Analysis
10.10.3 Disease Prevention
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Liver Function Tests Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Liver Function Tests Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Liver Function Tests Market Size Forecast by Type
11.6.1 Alanine Aminotransferase Test
11.6.2 Aspartate Aminotransferase Test
11.6.3 Alkaline Phosphatase Test
11.6.4 Gamma GT Test
11.6.5 Total Bilirubin
11.6.6 Albumin
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Liver Function Tests Market Size Forecast by Applications
11.10.1 Disease Diagnose
11.10.2 Blood Routine Analysis
11.10.3 Disease Prevention
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Liver Function Tests Analysis and Forecast
12.1 Introduction
12.2 Latin America Liver Function Tests Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Liver Function Tests Market Size Forecast by Type
12.6.1 Alanine Aminotransferase Test
12.6.2 Aspartate Aminotransferase Test
12.6.3 Alkaline Phosphatase Test
12.6.4 Gamma GT Test
12.6.5 Total Bilirubin
12.6.6 Albumin
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Liver Function Tests Market Size Forecast by Applications
12.10.1 Disease Diagnose
12.10.2 Blood Routine Analysis
12.10.3 Disease Prevention
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Liver Function Tests Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Liver Function Tests Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Liver Function Tests Market Size Forecast by Type
13.6.1 Alanine Aminotransferase Test
13.6.2 Aspartate Aminotransferase Test
13.6.3 Alkaline Phosphatase Test
13.6.4 Gamma GT Test
13.6.5 Total Bilirubin
13.6.6 Albumin
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Liver Function Tests Market Size Forecast by Applications
13.10.1 Disease Diagnose
13.10.2 Blood Routine Analysis
13.10.3 Disease Prevention
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Liver Function Tests Market: Competitive Dashboard
14.2 Global Liver Function Tests Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alpha Laboratories
14.3.2 ELITechGroup
14.3.3 Horiba Medical
14.3.4 LabCorp
14.3.5 Randox Laboratories
14.3.6 Thermo Fisher Scientific
14.3.7 Abbott
14.3.8 Roche Diagnostics
