Market Research Blog

Amylase Testing Market: Regional Outlook

The global amylase testing market is expected to be dominated by North America in terms of revenue owing to higher product adoption throughout the region. Latin America amylase testing market is expected to witness steady growth over the forecast period owing to increasing product availability in the region. Europe is expected to be second most lucrative region in the global amylase testing market due to higher product adoption. Asia-Pacific amylase testing market is expected witness exponential growth owing to rapidly increasing product adoption in the region. Middle East & Africa is expected to be the least lucrative region in the global amylase testing market owing to low product availability.

This Amylase Testing Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Amylase Testing Analysis market.

Amylase is an enzyme which helps in the digestion of carbohydrates in the body. Around 40% of the amylase is produced by the pancreas and rest of amylase is produced by the salivary glands. Amylase testing is used to find out disorders which can affect the normal functioning of either pancreas or salivary glands. Higher level of amylase generally associated with the pancreatic disorder. Various factors such as cancer, infection, alcohol or even medicines can result in higher amount of amylase, affecting the pancreas adversely.

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Amylase Testing Market: Drivers and Restraints

Increasing use of amylase testing for effective evaluation of functioning of the pancreas as well as salivary glands expected to drive the growth of the amylase testing market. Conditions such as acute, chronic, or alcoholic pancreatitis, ruptured ectopic pregnancy, digestive conditions (such as perforated peptic ulcers, appendicitis, salivary gland infections, or tumors) can be evaluated efficiently using amylase testing further driving the growth of the market. Ease of use of the amylase testing with blood or urine sample also expected to aid the growth of amylase testing market. Increasing prevalence of the chronic condition such as pancreatitis in smoking population expected to drive the growth of amylase testing market. Widespread availability of the amylase testing reagents as well as devices used for the testing helps in easier access, fueling the growth of amylase testing market. Increasing regional manufacturers especially in regions such as East Asia, South Asia and GCC countries helps in availing cost effective products resulting in enhanced product adoption which further expected to drive the growth of amylase testing market. Amylase testing requires little time in evaluating amylase level in the blood or urine which increases patient compliance, driving the growth of amylase testing market. Whereas, lower proportion of the population opting to evaluate the amylase level in the blood or urine even when amylase at abnormal level, may hamper the potential growth of the amylase testing market

Amylase Testing Market: Key Players

The key players operating in the global amylase testing market are: Amano Enzyme, Novozymes, DSM, Verenium, AB Enzymes, Dupont Danisco, Specialty Enzymes & Biotechnologies, Suzhou Sino Enzymes, Leveking, Chemzyme Biotechnology, Enmex, Biolaxi Corporation, among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on: 

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Indication
• Value Chain

Amylase Testing Market: Segmentation

The global amylase testing market is segmented on the basis of sample type, end user and region.

The global demand for the water treatment market stood at US$ 66,094 Mn in 2022 and is slated to increase at a CAGR of 6.8% to reach a valuation of US$ 111,922 Mn by the end of their forecast period.

The historical growth of the water treatment system market from 2015 to 2021 is valued at a CAGR of 5.5%. The growing emphasis on the significance of fresh water in various industrial and household applications is increasing the adoption of water treatment systems across the globe.

Water Treatment System Market Analysis (2021A)	US$ 62,214 Mn
Water Treatment System Market Estimation (2022E)	US$ 66,094 Mn
Water Treatment System Market Forecast (2030F)	US$ 111,922 Mn
Value CAGR (2022-2030)	6.8 %
Collective Value Share: Top 3 Countries (2022E)	42.8%

FMI has identified North America to remain a key market for water treatment systems due to the rising use of water treatment systems and the growing adoption of new technologies for these systems. The region is estimated to witness a value CAGR of 5.2% in the water treatment systems market.

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As the worldwide population is expected to reach around 9.7 billion by 2050, it has become increasingly important to yield more with fewer resources. As the water treatment market continues to encounter squeezing pressures, particularly due to the impacts of severe climate change, governments across the world are focusing on improving the resilience and sustainability of water treatment systems.

Technology and innovation are playing a vital role in safety and scarcity, utility operations, water efficiency, monitoring and treatment, and data analytics. Market players are seeing a greater interest from businesses and utilities to test and implement future-proof technologies.

For instance, remote sensing of water that helps with non-revenue water remediation, water accounting, Internet of Things (IoT) that enables water quality control, and smart irrigation. Coupled with new computing capacity, IoT enables market players to devise complex models for water management.

Key Takeaways of Water Treatment System Market Study

• Worldwide adoption of water treatment systems to surge at 6.0% CAGR over 2022-2031
• Preliminary treatment systems to procure leading revenue share, tantamount to 40%
• Application in process water/water treatment to remain prominent through 2031
• Industrial sector to attract substantial investments from stakeholders
• East Asia to emerge as the epicentre of value-capture opportunities in coming years

COVID-19 Impact on Water Treatment System Market

While frequent hand washing and sanitization have been broadly considered as among the most efficient ways to avoid contagion of COVID-19, UNICEF/WHO has estimated that 3 billion individuals globally lack the facilities to follow such norms. With the COVID-19 pandemic underlining the connection between clean water and public health, the bar for “clean” has been lifted.

Water treatment systems have been considered a reliable and essential aspect of societies and a key contribution to public health during the global pandemic. Utilities’ initial response to the pandemic by optimizing disinfection doses has been the key step in the protection and avoidance of both utility workers and the receiving water ecosystem and minimizes the potential contagion of the coronavirus.

Several companies are stepping up existing water treatment facilities in hard-hit areas that possibly contract COVID-19 infection from places including, community clinics, hospitals, and nursing homes.

“Preserving and reusing wastewater has not been among key priorities for businesses, or individuals. That being said, rising ecological consciousness and increasing regulatory pressure to lower the consumption of natural resources are influencing several industrial businesses to look for innovative ways to use – and reuse – water,” says analyst at FMI.

Water Treatment System Market – Competitive Intelligence

The global water treatment system market is substantially consolidated, with leading players capturing a bigger slice of overall market revenue. Manufacturers are highly focused on devising innovative business models to strengthen their market position. They are investing significantly in R&D activities and innovative designs with better capacities. For instance,

• Arvind Ltd. has rolled out water elements and O & M services, Kaigo, wherein components and spare verticals incorporate technologies and products used in the development and maintenance of effective wastewater treatment systems
• Aquarelle has developed a 4-stage countertop water filter that wards off almost 99% of all heavy metals, toxic pathogens, chemicals, and pesticides from potable water
• Pentair plc has taken over US-based water treatment equipment firms – Pelican Water Systems and Aquion – in September 2022

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To Know More About Water Treatment System Market:

A new market research report published by Future Market Insights (FMI) on the global water treatment system market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2022-2030.

The report examines the water treatment system market through four different segments – system type, application, end-use and region. The water treatment system market report also provides an extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of water treatment systems and product adoption across several end-use industries

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

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IgE (immunoglobulin E) is a type of antibody that activates certain white blood cells called mast cells during allergic reactions. IgE antibodies are present in very less amount in blood. Total IgE and Specific IgE are the two types of tests. The levels of IgE allergy blood tests can be measured by various methods which include RAST (Radio allergosorbent test), FEIA (Fluorescent enzyme immunoassays), and Chemiluminescent immunoassays. Increasing demand of these tests, especially in diagnostic laboratories are boosting the growth of IgE allergy blood tests market during the forecast period. Furthermore, IgE allergy blood tests are useful in monitoring patients suffering, with various allergic conditions such as anaphylaxis, asthma, chronic rhinosinusitis, allergic conjunctivitis are fuelling the demand for IgE allergy blood tests market growth.

IgE allergy blood tests market: Drivers and Restraints-Increase in occurrence of allergies such as sneezing, diarrhoea, coughing, wheezing and others, along with increase in urbanization, changing lifestyle, rise in healthcare expenditure, and others are the factors driving the growth of IgE allergy blood tests market in the forecast years. Furthermore, research and development activities coupled with technological development are positively influencing the growth of IgE allergy blood tests market. Moreover, increase n accuracy of these tests is propelling the growth of IgE allergy blood tests market. Additionally, the test is helpful in determination of patient allergic to proteins which include food, house dust miles, moulds, pollen of grass, certain drugs, cosmetics and others are also triggering the market growth of IgE allergy blood tests. Moreover, the test is useful in minimal invasive procedures during skin prick testing, oral allergic syndrome. For instance, dermographism of extensive skin disease and others are emerging as potential opportunities for the growth of IgE allergy blood tests market during the course of period. However, lack of skilled manpower, security threats during clinical data management, availability of other tests such as scratch test, patch test, intradermal test and others are the factors hampering the growth of IgE allergy blood tests market.

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IgE allergy blood tests market: Overview

The global IgE allergy blood tests market is anticipated to experience steady growth in the market. Owing to increase in allergic tests, and lab automations. Furthermore, Based on the product type, assays and kits segment is dominating IgE allergy blood tests the market. Due to increase in use of immunoassay tests in allergy. Based on the application, food allergy and medicine allergy are dominating the IgE allergy blood tests market due to rise in cases of children prone to food allergy, adverse drug reactions and others. Based on end user diagnostic laboratories are leading the IgE allergy blood tests market owing to rise in number of the allergic blood test performed.

IgE allergy blood tests market: Region-wise Outlook

Geographically, the IgE allergy blood tests market is segmented into North America, Europe, Latin America, South Asia, East Asia, Oceania, Middle East and Africa. North America is dominating the IgE allergy blood tests market owing to rise in technological advancements, availability of skilled manpower. Europe and Asia pacific are fastest growing due to increase in occurrence of allergies, increase in healthcare expenditure, and financial support of government.

IgE allergy blood tests market: Key Market Participants

Some of the key players of the IgE allergy blood tests market are Genova diagnostics, thermo fisher scientific, Siemens AG, Hyor biomedical, Beckman Coulter, Novartis, Omega diagnostics, Hitachi chemical diagnostics and others.

The report covers exhaustive analysis on:

• IgE allergy blood tests Market Segments
• IgE allergy blood tests Market Dynamics
• Historical Actual Market Size, 2013 – 2017
• Market Size & Forecast 2018 to 2024
• Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Market Drivers and Restraints

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Regional analysis includes

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

IgE allergy blood tests market: Segmentation 

The global IgE allergy blood tests market is segmented based on the product type, applications, end users and region.

By product type, the global IgE allergy blood tests market is segmented as:

• Assays and kits
• ELISA Testing Kits
• Fluorescent enzyme immunoassays (FEIA) Testing Kits
• Chemiluminescent Immunoassays (CLIA)
• Reagents
• Consumables
• Analyzers

By application, the global IgE allergy blood tests market is segmented as:

• Aero allergies
• Indoor allergies
• Outdoor allergies
• Food allergies
• Venoms
• Medicine allergies
• Latex /metal allergies

By end user, the global IgE allergy blood tests market is segmented as:

• Diagnostic laboratories
• Specialty clinics
• Hospitals
• Research and academic centers

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-10988

Report Highlights:

• Shifting Industry dynamics
• In-depth market segmentation
• Historical, current and projected industry size recent industry trends
• Key Competition landscape
• Strategies for key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance

Customizations such as extended tips to get into hard-to-reach areas or specially designed joints to make the tools even more user friendly are in high demand. The global sales of hand tools are anticipated to grow at a CAGR of 5.9% during the period of 2022 and 2032.

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Manufacturers have understood the importance of tool design manipulations, innovations and addition of new features from time to time. Today, the tools have to be robust, provide reliable performance and are designed in a way that they cater to the requirements of the job for which they are selected for.

Customizations such as extended tips to get into hard-to-reach areas or specially designed joints to make the tools even more user friendly are in high demand. The global sales of hand tools are anticipated to grow at a CAGR of 5.9% during the period of 2022 and 2032.

“The hand tools market has been exhibiting consistent growth, despite temporary lull witnessed amid COVID-19. Factors such as the rapidly growing urbanization in developing economies and the adoption of technologically sound and innovative hand tools have been encouraging market players to focus on innovations. Moreover, increase in practice of DIY activities is expected to create positive prospects for hand tools market growth over the forecast period,” said a lead analyst at FMI.

According to FMI, the market for hand tools is growing primarily due to the versatile features of hand tools such as the reduced size of the tool kit, maintenance & weight, and the increasing preference for multiple tools for multiple applications across various industries. Increasing customer preference towards DIY activities to surge the hand tools market globally.

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Furthermore, high cost of maintenance and repair services for auto parts has created an urge among customers to execute do-it-yourself activities on their vehicles for short-term maintenance & repair. This has provided the manufacturers tremendous potential to manufacture hand tools and launch new & innovative products in the market.

Who is winning?

The hand tools market is a very competitive owing to presence of large number of small and medium sized manufacturers in the market. Leading manufacturers are gradually concentrating on positioning innovative technologies to design hand tools to improve the operating efficiency of commercial and industrial facilities. There is a fair amount of emphasis on innovation. Businesses functional in the hand tools market seek strategic collaborations with regional end-users and distributors to meet the needs of a growing consumer base.

Some of the leading players operating in the market are Stanley Black & Decker, Inc., Snap-on Incorporated, IDEAL INDUSTRIES, INC., Apex Tool Group, KLEIN TOOLS INC., Emerson Electric Co., Akar Tools Limited, Channellock, Inc., JK Files (India) Limited, Kennametal Inc., Wera Tools

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

Dubai

United Arab Emirates

LinkedIn| Twitter| Blogs

 

 

 

Electrocautery, also called as thermal cautery. This process helps in reducing or stopping of bleeding during surgeries or any injuries which is propelling the growth of the electrocautery enhanced delivery system market. Furthermore, electrocautery enhanced delivery system is a precision device designed to enable therapeutic endoscopists to conduct the procedure safely and accurately at the bile duct, gall bladder, orpancreaticfluids collection form which is fuelling for the growth of electrocautery enhanced delivery system market. It is only stent indicated for trans gastric and trans duodenal endoscopic drainage of symptomatic pancreatic pseudocyst which is triggering the electrocautery enhanced delivery system market growth. Moreover, it provides simpler and faster treatment options for patients which is fuelling demand for the growth of electrocautery enhanced delivery system market.

Electrocautery Enhanced Delivery System Market: Drivers and Restraints

Rise in number of chronic diseases, increase in surgeries, low risk in patient’s treatment, minimal invasive procedures and others that require electrocauterisation are some of the major driving factors that are influencing the electrocautery enhanced delivery system market growth in near future. Additionally, the availability of a wide range of reusable electrocautery devices and electrodes, with different working temperature are further triggering the electrocautery enhanced delivery system market growth. Furthermore, improved procedural efficiency by reduction of time, by low exposure to X-Ray imaging, reduction of anaesthesia time are favouring the growth of electrocautery enhanced delivery system market.

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Electrocautery enhanced delivery System Market: Regional Wise Outlook

Geographically, the electrocautery enhanced delivery system market is segmented into North America, Europe, Latin America, South Asia, East Asia, Oceania, Middle East and Africa. North America is dominating the electrocautery enhanced delivery system market owing to the increase in minimal invasive procedures, availability of skilled professionals, supportive infrastructure, and others. Europe is second largest contributor to the electrocautery enhanced delivery system market growth due to high awareness of healthcare, increase per capita income expenditure and others. Asia Pacific is fastest growing in the electrocautery enhanced delivery system market due to rise in geriatric population, rise in awareness about minimal invasive procedures, government initiatives, rise in importance for patient care, focus on more research and development related to technological advancements and others.

Electrocautery Enhanced Delivery System Market: key market participants

Some of the major key players of the electrocautery enhanced delivery system  market are Boston Scientific, McKesson Corporation, Symmetry surgical, World precision instruments, Medline Industries, Inc., Medtronic Plc, Erbe Elektromedizian Gmbh, Smith and Nephew Plc, Olympus Corporation and others.

The research report on Electrocautery Enhanced Delivery System presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on Electrocautery Enhanced Delivery System provides analysis and information according to market segments such as geographies, application, and industry.

Get a Tailored Made Report to Match Your requirements, Ask from Market Research Expert – https://www.futuremarketinsights.com/ask-question/rep-gb-10984

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (India, ASEAN, Australia & New Zealand)
• China
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Electrocautery Enhanced Delivery System Market: Segmentation

The global electrocautery enhanced delivery system market is classified on the basis of product, application, end-user and region.

Activated Partial Thromboplastin Test Market Analysis

This Activated Partial Thromboplastin Test Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Activated Partial Thromboplastin Test Analysis market.

Activated Partial Thromboplastin Test is mainly used to measure coagulation cascade i.e. blood clotting which is mainly derived from the original form of test in which only phospholipids concentration of test was controlled. Activated Partial Thromboplastin Test is also known as kaolin cephalic clotting. Blood clots from a specific series of steps called pathway. Clotting factors used are prekallikerin, fibrinogen, factors XII, XI, IX, VIIII, V and others. Factors XII and XI are activated by phospholipids. Bleeding disorders and monitor patient’s response to anti-clotting drugs which include heparin therapy is influencing the Activated Partial Thromboplastin Test market growth. Therefore, this Activated Partial Thromboplastin Test helps to measure intrinsic pathway that includes several proteins known as coagulation factors which can be used to response towards heparin .The Activated Partial Thromboplastin Test useful for monitoring heparin therapy, screening of certain coagulation factor deficiencies, detection of coagulation inhibitors such as lupus ant coagulator, specific factor inhibitor and nonspecific factor inhibitor and others are propelling the Activated Partial Thromboplastin Test  growth in near future.

Activated Partial Thromboplastin Test Market: Overview

The global Activated Partial Thromboplastin Test market for activated partial thromboplastin is anticipated to experience a vast growth during the forecast period. The increase in rate of grow of population, rise in   chronic diseases, research and development coupled with technological advancement, government support for healthcare awareness and others are creating  a more lucrative opportunity for manufactures present in the Activated Partial Thromboplastin Test . Activated partial thromboplastin test and partial thromboplastin are used to test same functions. Furthermore, addition of activator to activated partial thromboplastin test to speed up the blood clotting time and results is only difference between PTT and APTT. For instance, 60-70 seconds is the average clotting time in PTT where as it is nearly 30-40 second in APTT.

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Activated Partial Thromboplastin Test Market: Regional Wise Outlook

Geographically, the Activated Partial Thromboplastin Test market is segmented into North America, Europe, Latin America, South Asia, East Asia, Oceania, Middle East and Africa. North America is dominating the market owing to the improved clinical diagnostic procedures, favourable initiatives conducted by world health organization, rise in research and development activities, and others. Europe is second largest contributor to the Activated Partial Thromboplastin Test growth due to high awareness of healthcare, increase per capita income expenditure and others. Asia Pacific is fastest growing in the Activated Partial Thromboplastin Test market due to rise in geriatric population, government initiatives, rise in importance for point- of- care, and others.

The key players involved in the Activated Partial Thromboplastin market are: Horiba International, Bio-Rad Laboratories, Takara Bio Thermo Fisher, Johnson & Johnson, Siemens Medical Solutions, Abbott Laboratories, BioMeriux, Inc., Eiken Chemical, Life Technologies, Danaher Corporation, Beckman Coulter, Inc., Ortho-Clinical Diagnostics Corporation, Becton, Dickinson and Company, Roche Diagnostics, and others.

Market Segments 

• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology Matrix
• Value Chain

Regional analysis of Activated Partial Thromboplastin Test report includes

• North America
• Latin America
• Europe
• South  Asia
• East Asia
• Oceania
• Middle East and Africa

Activated Partial Thromboplastin Test Market: Segmentation 

The global Activated Partial Thromboplastin Test is segmented on the basis of

On the basis of product type, can be segmented as:

• Instruments
• Consumables

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On the basis of application, can be segmented as:

• Heparin therapy Monitoring
• Coagulation Factor Deficiencies Screening
•  Coagulation Inhibitors

On the basis of technology, can be segmented as:

• Optical Technology
• Mechanical Technology
• Electrochemical Technology

On the basis of end user, can be segmented as:

• Hospitals
• Clinics
• Laboratories
• Point- of care- testing

RT-PCR kits are finding extensive applications on the back of factors such as the rising incidences of infectious diseases and genetic disorders. As technological advancements continue to empower the RT-PCR kits, coupled with increasing investments in research and development activities, the market is witnessing positive growth.

COVID-19 Pandemic to Remain Key Growth Influencer in Near Term

While the market is set for gradual growth in the foreseeable future, the recent outbreak of COVID-19, which has metamorphosed into a global pandemic is certain to assert influence on the market. Moreover, there is a continual demand for effective detection techniques on the back of rising cases of major infectious diseases such as HIV, tuberculosis, malaria, hepatitis, and Staph-related diseases, and genetic disorders such as cancer and syndromes. For instance, according to the World Health Organization, approximately 219 million cases of malaria were reported around the world in the year 2018, with 92% cases in the African subcontinent alone. Statistics such as these significantly propel the demand for the RT-PCR kits.

RT-PCR Kit – A Highly Sought-out Methodology

Reverse Transcription-Polymerase Chain Reaction (real-time RT-PCR) is a nuclear-based method, used to detect the presence of genetic materials such as pathogens, viruses, and microorganisms, among others. Regardless of where the contamination is, RT-PCR kits will detect the foreign body. The increasing adulteration of food products and the growing need for accurate diagnosis are creating potential growth opportunities for real-time PCR system manufacturers. A kit using the real-time RT-PCR method is considered one of the most accurate methods to track, detect, and study contagious viruses such as the coronavirus.

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North America Exhibits Dominance Backed by High Adoption Rate; Europe Follows Closely  

North America is currently dominating the global RT-PCR kit market and is expected to maintain its supremacy in the future. The region is invigorated by factors such as high spending on healthcare, increased adoption of the novel kits, availability of R&D grants, and commercialization of the kits. Closely following North America is Europe, which is the second most lucrative region for manufacturers in the RT-PCR kit market, backed by the healthy presence of testing laboratories, research facilities, and pharmaceutical industries. Likewise, Asia Pacific is also expected to create substantial revenue opportunities owing to the investments in the research and development sector in the emerging economies.

Quantitative Kits Lead Market While Digital Kits Gain Traction

The Real-time PCR Kit market is bifurcated into quantitative and digital segments based on the technology, with the quantitative segment holding the lion’s share in market value in 2018 owing to a higher adoption rate. However, the digital type PCR is growing in terms of value and volume at a higher rate. The digital systems bestow higher sensitivity and accuracy as compared to quantitative PCR approaches. Backed by the aforementioned advantages, the digital PCR segment is expected to attain a significant market value by the end of the forecast period.

Opportunities Abound in RT-PCR Kit Market Landscape amid COVID-19 Pandemic

Currently, the RT-PCR kits for diagnosis of COVID-19 are being procured from the U.S. and supplied to government testing laboratories across the country. This is creating substantial revenue opportunities for manufacturers. Recently, the government has allowed two private companies – MyLab, an Indian organization, and German-based Altona Diagnostics – to supply COVID-19 test kits to both the government as well as private testing laboratories. Moreover, two South Korean firms, namely Seegene and SD Biosensor received approval to supply RT-PCR based COVID-19 diagnostic kits in India. Additionally, the Indian government approved 12 rapid antibody test kits for COVID-19 diagnosis. Such initiatives are giving a significant boost to the market.

Competitive Landscape of RT-PCR Kits Market

Some of the key players in the RT-PCR kit market are F. Hoffman-La Roche Ltd., Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Qiagen N.V,, Takara Bio, Inc., Agilent Technologies, Inc., Biomérieux S.A., Fluidigm Corporation, Danaher Corporation, Abbott Laboratories, Merck KGaA, Becton Dickinson and Company, Promega Corporation, Eppendorf AG, Analytik Jena AG, Meridian Bioscience, Inc., Enzo Life Sciences, Inc., Cole-Parmer Instrument Company Llc, and Bioneer Corporation among others. With mounting cases of COVID-19 and sky-rocketing demand, the market players are racing to expand profit pools. Recent developments in the RT-PCR landscape are:

• In 2019, Qiagen, announced the development of a range of next-generation systems for digital PCR, in the life sciences industry.
• In 2019, Abbott entered into an eight-year partnership agreement with Japanese Red Cross Society (JRC) to develop serological instrumentation, tests, and consumables used for blood and plasma screening in Japan.

Key Taxonomy: Global RT-PCR Kits Market

The global market for RT-PCR kits is broadly categorized into various segments, by the type of kit, application, end user, and region.