The Global B-Hydroxybutyrate (Ketone Bodies) Assay Kits Market will be driven by growing demand for diagnostic center products during the forecast period 2022-2027
Expert Market Research’s new report titled “Global B-Hydroxybutyrate (Ketone Body) Assay Kits Market Report and Forecast 2022-2027”, provides an in-depth analysis of the global B-Hydroxybutyrate (Ketone Body) Assay Kits market, assessing the market based on its segments such as test types, applications, end-uses, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 90%
Growing demand for B-Hydroxybutyrate (ketone body) assay kits from hospitals and diagnostic centers, owing to increasing cases of diabetic ketoacidosis, is driving the growth of the market. In addition to this, the increasing risk of hypoglycemia and hyperglycemia due to sedentary lifestyles led by the young population is expected to contribute to the growth of the market in the coming years. Moreover, the increasing awareness of the population about healthcare coupled with the rapid development of diagnostic centers is expected to boost the market during the forecast period. Geographically, North America accounts for a large share of the market due to rising healthcare expenditures and growing geriatric population in countries like the United States and Canada.
Industry definition and major segments
B-Hydroxybutyrate (Ketone Bodies) Assay Kits are defined as types of diagnostic kits used to measure levels of B-Hydroxybutyrate in plasma/serum. The operating principle of these kits is based on the cyclic reaction in which NAD+ is reduced to NADH. Moreover, these B-Hydroxybutyrate (ketone body) assay kits are reliable, accurate and provide accurate diagnosis of various health related issues.
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On the basis of Test Type, the market can be split into:
- Fluorometric assay
- Colorimetric dosage
On the basis of applications, the market has been categorized into:
- Salicylate poisoning
- Childhood hypoglycemia
- Inborn errors of metabolism
The major end-uses included in the market report are as follows:
- Hospitals and Clinics
- Ambulatory surgery centers
- Pathology laboratories
- Diagnostic centers
Regional markets for B-hydroxybutyrate (ketone body) assay kits include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Major trends in the global B-Hydroxybutyrate (Ketone Bodies) Assay Kits market include the advancements in the healthcare industry, particularly in emerging economies. Favorable government policies and initiatives aimed at enhancing the overall health of the people are expected to invigorate the market during the forecast period. The increasing prevalence of diabetes and the risk of hypoglycemia, hyperglycemia and diabetic ketoacidosis are expected to increase the demand for these kits for timely testing. Additionally, growing research and development activities by major market players to reduce the cost of B-hydroxybutyrate (ketone body) assay kits at the point of care is expected to help the market in the coming years.
Main market players
The major market players are Abcam plc., Cell biolabs, Inc., BioAssay Systems, and AAT Bioquest, Inc., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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