The new report by Expert Market Research titled, 'Global B-Hydroxybutyrate (Ketone Body) Assay Kits Market Report and Forecast 2022-2027', gives an in-depth analysis of the global B-hydroxybutyrate (ketone body) assay kits market, assessing the market based on its segments like assay types, applications, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 90%
The increasing demand for B-hydroxybutyrate (ketone body) assay kits from hospitals and diagnostic centres, owing to the increasing cases of diabetes ketoacidosis, is driving the market growth. In addition to this, the increasing risk of hypoglycaemia and hyperglycaemia due to the sedentary lifestyles led by the young population is anticipated to contribute to the market growth in the coming years. Moreover, the increasing healthcare awareness among the population, coupled with the rapid development of diagnostic centres is likely to provide impetus to the market in the forecast period. Geographically, North America accounts for a significant share of the market owing to the rising healthcare expenditure and increasing geriatric population in countries like the United States and Canada.
Industry Definition and Major Segments
B-hydroxybutyrate (ketone body) assay kits are defined as types of diagnostic kits which are used to measure the levels of B-hydroxybutyrate in plasma/serum. The principle working 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 precise diagnosis of various health-related issues.
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On the basis of assay type, the market can be bifurcated into:
- Fluorometric Assay
- Colorimetric Assay
Based on application, the market has been classified into:
- Salicylate Intoxication
- Childhood Hypoglycaemia
- Inborn Errors of Metabolism
The significant end uses included in the market report are as follows:
- Hospitals and Clinics
- Ambulatory Surgical Centres
- Pathology Laboratories
- Diagnostic Centres
The regional markets for B-hydroxybutyrate (ketone body) assay kits include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The key trends in the global B-hydroxybutyrate (ketone body) assay kits market include advancements in the healthcare industry, especially in emerging economies. The favourable government policies and initiatives aimed towards bolstering the overall health of the population are anticipated to invigorate the market in the forecast period. The increasing prevalence of diabetes and the risk of hypoglycaemia, hyperglycaemia and diabetic ketoacidosis is expected to enhance the demand for these kits for timely testing. Moreover, the growing research and development activities by the major market players to reduce the cost of point-of-care B-hydroxybutyrate (ketone body) assay kits are likely to aid the market in the coming years.
Key Market Players
The major players in the market are Abcam plc., Cell biolabs, Inc., BioAssay Systems, and AAT Bioquest, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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