The lipase testing reagents market is expected to record a CAGR of 7% during the forecast period 2022-2032, up from US$590.2 Million in the year 2022 to reach a valuation of US$ 1161.01 Million by 2032.
Report Attributes
Details
CAGR
7 %
Value (2022)
US$ 590.2 Million
Value (2032)
US$ 1161.01 Million
The lipase testing reagents market is anticipated to show promising growth prospects in the forecasted period 2022-2032.
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What are the Key Drivers to the Lipase Testing Reagents Market Share
A large number of patients suffering from acute and chronic pancreatic disorders may be leading to growth in the lipase testing reagent market. The widespread demand for lipase testing reagents because of indigestion, gastroesophageal reflux disease (GERD), and other disorders might create the fueling of the sales of lipase testing reagents as well as lipase testing reagent market for tests reagents used in lipase testing.
Disease conditions like persistent diarrhea, vitamin deficiency, and malnutrition will show the additional demand for lipase testing reagents. In children, cystic fibrosis (CF) or Shwachman-Diamond Syndrome (SDS) diagnosis may show the propelling growth of the demand for lipase testing reagents along with lipase testing reagents market.
Alternative diagnosis methods like CT scan, Endoscopy for pancreatic testing may show slower growth in the lipase testing reagents market and sales of lipase testing reagents.
Awareness of the people about cystic fibrosis and pancreatic cancer may show stagnancy in the lipase testing reagents market together with escalated demand for lipase testing reagents
Which Region holds the Highest Growth Potential in the Lipase Testing Reagents Market
Among the regions that will have a presence in the lipase testing reagents market share, North America will have the highest revenue, since people are increasingly concerned about complications related to the GIT tract.
With good hospital infrastructure and a greater number of hospitals in Europe, this region will show propelling growth for the lipase testing reagents market share together with sales of lipase testing reagents in the near future, because it has a higher number of hospitals and a better infrastructure.
Latin America region will show good demand for lipase testing reagents, due to the regional government's initiative towards the public health care program. Brazil market will be the most lucrative lipase testing reagents market for pancreatic amylase reagents.
In Asian countries like China and India, the rate of colon and rectum cancer is high due to lifestyle patterns and unhygienic conditions. This condition may show additional lipase testing reagents market share and sales of lipase testing reagents.
The Middle East and Africa are expected to account for being the least lucrative lipase testing reagents market share due to a lack of awareness about lipase test-related disorders in people.
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How is the Competitive Landscape in the Lipase Testing Reagents Market
To get a greater part of the lipase testing reagents market, players are focusing on new product launches and sophisticated technology.
Lipase Testing Reagents work on the enzymatic colour test principle. In which the colour produced after the assay method, is measured against a fixed wavelength to determine the Lipase level in serum and plasma. Lipase Testing Reagents act as important markers to study pancreas-related disorders and gall bladder cancer.
Pancreatic lipase test kits are based on the turbid metric & colorimetric methods, in which triglyceride is used as substrate. The lipase testing reagents use the colour rate assay, in which 1,2- diglyceride acts as a natural substrate. Lipase testing reagents are highly sensitive toward the natural substrate and pancreatic lipase. In the lipase testing reagents, colipase and deoxycholate were used as activators.
Examples of some of the lipase testing reagents market participants in the global lipase testing reagents market identified across the value chain include DIALAB GmbH, DiaSys Diagnostic Systems GmbH, Sunson Industry Group Co.,Ltd, Randox Laboratories Ltd., Abbott, Beckman Coulter, Inc., Biocompare, Vitro Scient Co., Merck KGaA., Sisco Research Laboratories Pvt. Ltd. Biosystems S.A ,and others.
Report Scope
Report Attribute
Details
Growth rate
CAGR of 7% from 2022 to 2032
Base year for estimation
2021
Historical data
2015 – 2022
Forecast period
2022 - 2032
Quantitative units
Revenue in US$ million/billion and CAGR from 2022 to 2032
Report coverage
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
Indication, End-User, & Region.
Regional scope
North America (U.S., Canada); Latin America (Mexico, Brazil); Europe (Germany, Italy, France, U.K, Spain, Russia); East Asia (China, Japan, South Korea); South Asia (India, ASEAN); Oceania (Australia, New Zealand); Middle East and Africa (GCC Countries, South Africa, Northern Africa)
Country scope
U.S., Canada, Mexico, Brazil, Germany, Italy, France, U.K, Spain, Russia, China, Japan, South Korea, India, ASEAN, Australia, New Zealand, GCC Countries, South Africa, Northern Africa
Key companies profiled
DIALAB GmbH, DiaSys Diagnostic Systems GmbH, Sunson Industry Group Co.,Ltd, Randox Laboratories Ltd., Abbott, Beckman Coulter, Inc., Biocompare, Vitro Scient Co., Merck KGaA., Sisco Research Laboratories Pvt. Ltd. Biosystems S.A. and others
Customization scope
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Pricing and purchase options
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Key Segments
By Indication:
Pancreatic Disorders
Cancer
Cystic fibrosis
By End-User:
Hospitals
Specialty Clinics
Diagnostic Centers
Research Centers
Frequently Asked Questions
What is the Growth Outlook for the Lipase Testing Reagents Market?
The lipase testing reagents market is expected to record a CAGR of 7% during the forecast period 2022-2032, up from US$590.2 Million in the year 2022 to reach a valuation of US$ 1161.01 Million by 2032.
Which Region Leads the Lipase Testing Reagents Market?
The North America region is expected to lead the lipase testing reagents market share during forecast period.
What is the Future of the Lipase Testing Reagents Market?
As per the analysis, the lipase testing reagents market share is likely to be US$ 1161.01 Million by 2032.
Which is the Key Driver in the Lipase Testing Reagents Market?
Incidences of indigestion and gastroesophageal reflux disease (GERD) are driving growth in the lipase testing reagents market.
