During the forecast period, the phenytoin testing market is expected to grow at a rapid 1.4% CAGR. The phenytoin testing market is now valued at US$ 6.6 billion in 2022, with a projected value of US$ 7.58 billion by 2032.
The increased pathological significance of the test for healthcare professionals and patients has increased sales of phenytoin testing.
Increased toxicity testing is also expected to help expand the phenytoin testing market share.
The report throws light on the reasons boosting phenytoin testing sales and, as a result, the potential for market participants. However, the phenytoin testing market confronts significant hurdles that may prevent the phenytoin testing market from attaining its full potential.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Phenytoin Testing Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Phenytoin Testing market.
Key Phenytoin Testing Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Phenytoin Testing market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Phenytoin Testing Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Phenytoin Testing market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Phenytoin Testing Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Phenytoin Testing market. As per the survey, Phenytoin Testing sales will project steady growth over the forecast period.
- Phenytoin Testing Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Phenytoin Testing market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Phenytoin Testing Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Phenytoin Testing market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Phenytoin Testing market.
Some of the prominent market players are profiled by FMI are:
- Roche Molecular Systems Inc
- Abbott Diagnostics
- ARUP Laboratories
- Quest Diagnostics
- Lybrate Inc.
- Denka Seiken Co. Ltd.
- Portea Medical
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Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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