The Insight Partners published latest research report on “Ferritin Testing Market Growth Report, Size, Share, Trends & Forecast to 2027 - COVID-19 Impact and Global Analysis By Indication, End User and Geography”, the global market size is projected to reach USD 556.19 million by 2027 from USD 372.05 million in 2019.
The Insight Partners published latest research report on “Ferritin Testing Market Growth Report, Size, Share, Trends & Forecast to 2027 - COVID-19 Impact and Global Analysis By Indication, End User and Geography”, the global market size is projected to reach USD 556.19 million by 2027 from USD 372.05 million in 2019. The market is estimated to grow with a CAGR of 5.3% from 2020 to 2027.
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Growth Strategies by the Key Players Operating in the Ferritin Testing Market:
Dec-2019: Eurolyser Diagnostica added a new feature of bidirectional connectivity to its existing product called Cube, used for the testing of iron deficiency. It will allow easy calibration and measurement of iron in the patients’ blood.
Ferritin test measure the level of iron in the blood, and used in the diagnosis of iron deficiency. The increasing prevalence of anemia, aging population, and malnutrition is driving the demand of ferritin testing globally. In anemia patient lacks the sufficient amount of red blood cells, to carry adequate oxygen to the body’s tissue. The ferritin testing help to identify the iron level and total iron-binding capacity test, or blood cell counts. The ferritin testing has the importance in an anemia testing and iron related the deficiency in the body.
The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaborations.
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Global Ferritin Testing Market Share Report, Segmentations, Regional & Country Scope:
| Report Coverage | Details |
| Market Size Value in | USD 372.05 Million in 2019 |
| Market Size Value by | USD 556.19 Million by 2027 |
| Growth rate | CAGR of 5.3% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
| No. of Pages | 142 |
| No. of Tables | 55 |
| No. of Charts & Figures | 69 |
| Historical data available | Yes |
| Segments covered | Indication, End User and Geography |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Companies Covered | Eurolyser Diagnostica GmbH, Cortez Diagnostics Inc., bioMérieux SA, Doctorcall, Aviva Systems Biology Corporation, Biopanda Reagents Ltd, Monobind Inc., Orgentec Diagnostika, Thermo Fisher Scientific Inc., Sekisui Diagnostic |
Browse key market insights spread across 142 pages with 55 list of tables & 69 list of figures from the report, “Ferritin Testing Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Indication (Anemia, Hemochromatosis, Pregnancy, and Lead Poisoning) and End User (Hospitals, Diagnostic Laboratories, and Specialty Clinics) and Geography” in detail along with the table of contents: https://www.theinsightpartners.com/reports/ferritin-testing-market
The increasing prevalence of anemia, aging population, and malnutrition is driving the demand for ferritin testing globally to measure the level of iron in blood. In Europe, economies are severely affected due to the increase in the number of COVID-19 cases. Spain, Italy, Germany, France, and the UK are among the most affected European countries. Countries across Europe are witnessing a resurgence in COVID-19 cases after successfully mitigating outbreaks early in the year. Lockdowns are being reintroduced across Europe, and healthcare institutions are focusing in the management of COVID-19 cases. The rising number of cases and imposed restrictions are expected to negatively impact the market growth.
Based on end user, the ferritin testing market is segmented into hospitals, diagnostic laboratories, and specialty clinics. The hospitals segment held the largest share of the market in 2019; whereas, the diagnostic laboratories segment is anticipated to register the highest CAGR during the forecast period. Increasing number of hospital admissions coupled with increasing prevalence of iron deficiency are projected to drive the growth of the hospital segment in the global ferritin testing market during the forecast period.
The World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), and the United Nations Children’s Fund (UNICEF) are among the primary and secondary sources referred while formulating this report.
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