Global Afp Testing Market

By Author: Rupali Dagade
Total Articles: 446
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The Global AFP Testing market was valued at $xx Mn in 2019 and is expected to reach $xx Mn by 2027, at a CAGR of xx%.

Market Introduction and Overview Alpha-fetoprotein (AFP) is a glycoprotein synthesized in the fetal yolk sac and liver during the gestational period. Since the discovery of this tumor-associated fetal protein in the mid-1960s, AFP has been widely used in clinical practices. An abnormal increase in the plasma AFP level in adults is considered to be a hallmark of pathological conditions, including HCC, yolk sac tumors, and gastric carcinoma. AFP Tests are commercially available worldwide and are used for testing various cancer-related tests. Cancer is recognized as the second most reason for deaths globally. Increasing cancer cases is a key driver of the market. According to WHO, about 18 million people are suffering from cancer. Technological advancements in the testing field, rising disposable income and rapidly developing R&D activities are also augmenting the market growth. Product launches, Merger acquisitions, and joint-ventures are some of the key strategies taken up by key players of the AFP ...
... testing market.

These initiatives are expected to fuel-up the demand for the AFP Testing market in the forecast period. New upcoming tests in the market for disease diagnosis are increasing the market. However, false positive or false negative results in testing are challenging the market growth. Also, lack of skilled physicians and lack of diagnosis awareness are hampering the market. The report contains a detailed analysis of Strengths, Weakness, and opportunities of the key players operating in the AFP Testing market.

It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers, and the key challenges. The report has profiled fourteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on availability of advanced technology and new techniques.

Segment Analysis By disease type, the liver cancer segment is expected to dominate the AFP Testing market. The liver segment is expected to be the fastest-growing segment exhibiting a CAGR of xx% in the forecast period. According to WHO, liver cancer is the leading cause for cancer deaths every year globally. The Liver Function tests (LFTs) take a look at the part of your liver that is not affected by cancer to see how well is the lover working. The tests look for levels of certain substances in the blood, such as bilirubin, ALP, AST, and GGT.

The rise in levels of these substances above a certain threshold is considered as a cancer case and needs to be treated. By End-user type, hospitals held the largest share of xx% of the AFP testing market in 2019, owing to the advanced technologies available for treatment, proper care taken by the physicians and availability of favorable reimbursement policies. Government initiatives for hospital treatments are also driving the market growth.For more information visit@ https://www.maximizemarketresearch.com/market-report/global-afp-testing-market/82804/

market Segmentation The Global AFP Testing Market is segmented based on- Disease type • Liver Cancer • Testes Cancer • Biliary Tract Cancer • Stomach Cancer • Pancreatic Cancer Application • Hospitals • Clinics • Others Regional InsightsNorth America dominated the Market share accounting for 45% of the market in 2019. This is mainly owing to the increasing incidence of chronic disease and increasing investment in cancer research. According to National Cancer Institute about 1 million cases of cancer are diagnosed in the U.S. which are contributing to the growth of this segment. However, the Asia Pacific region is projected to be the fastest-growing during the forecast period 2019-2027. This is owing to increasing disposable income and increasing healthcare expenditure. Asian countries are in the process of developing their healthcare infrastructure. The governments of Asian countries are developing favorable and affordable policies for treatments, thereby fuelling the market growth.

Key Players operating the Global AFP Testing Market
• Biomedical Diagnostics • Abbott Laboratories • Bio-Rad Laboratories • Kreatech Diagnostics • Beckman Coulter • Roche Diagnostics • Thermo Fisher Scientific • Dickinson and Company • Geno Technology • GeneCopoeia, Inc • Sartorius • Mackay Life Sciences • Panacea Pharmaceuticals • Siemens Healthcare The report also helps in understanding Global AFP Testing Market dynamics, structure by analysing the market segments and project the Global AFP Testing Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global AFP Testing Market make the report investor’s guide.

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