The global liver disease diagnostics market size is anticipated to reach USD xx billion by 2027, expanding at a CAGR of 6.5% according to a new report by Grand View Research, Inc. Rise in chronic liver diseases is one of the major growth factors for diagnostics market. The rise in mortality rates supplements the need for liver diagnostics as there is a high prevalence of liver cancer throughout the world population.
Increase in liver biopsy and laboratory tests is anticipated to enhance the market growth in the long term. Increasing R&D is expected to speed up the market developments. Companies are now engaging in collaboration to enhance the quality of patient care, thereby supplementing the market growth in the following years to come. Recently, in October 2019, Perspectum Diagnostics partnered with Precious Medical Center, Singapore, to offer liver multi scan. This was done in the light of creating awareness among the general population to undertake routine health-check up under prevailing liver conditions, and also to encourage timely liver screening.
Development of accurate diagnostic methods and collaborative approach undertaken by key players is expected to boost the market. Additionally, extensive research conducted by researchers to figure out various measures to differentiate between malignant and benign lesions is anticipated to supplement the market with various treatment options.
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Covid-19 Effect:
According to a medical survey, it is found that advanced cirrhosis increases the chance of mortality by coronavirus. The survey was carried by liver specialists in Europe, North America and Asia. However, researchers are still unclear if there’s any relation between covid-19 and clinical outcome of people with chronic liver disease. Although, based on the available information the elderly population with underlying medical conditions are at a higher risk for SARS-COV2 based on the assumption if medical conditions are not well addressed.
Further key findings from the report suggest:
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Major Key Players:
Abbott
Fujifilm Corporation
Thermo Fisher Scientific Inc.
F. Hoffmann-La Roche Ltd.
Boston Scientific Corporation
Laboratory Corporation of America Holdings
Horiba Medical
Siemens Healthcare GmbH
Randox Laboratories Ltd.
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Liver Disease Diagnostics Market Segmentation
Grand View Research has segmented the global liver disease diagnostics market on the basis of diagnosis technique, end use, and region:
Liver Disease Diagnostics Diagnosis Technique Outlook (Revenue, USD Million, 2016 – 2027)
Liver Disease Diagnostics End-use Outlook (Revenue, USD Million, 2016 – 2027)
Liver Disease Diagnostics Regional Outlook (Revenue, USD Million, 2016 – 2027)
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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