Liver Function Test Market Share, Demand, Industry Trends, Growth Opportunities and Revenue Outlook

The liver plays an important role in metabolism, red blood cell (RBC) regulation, and glucose synthesis and storage. Elevations in alanine aminotransferase and aspartate aminotransferase in relation to alkaline phosphatase and bilirubin indicate hepatocellular disease. In contrast, an increase in alkaline phosphatase and bilirubin in relation to ALT and AST would indicate a cholestatic pattern. The cells in the liver contain enzymes that are responsible for carrying out the chemical reactions. When liver cells are damaged or get destroyed the enzymes in the cells leak out into the blood, where they can be analyzed by performing liver function tests.

Data Bridge Market Research analyses that the liver function test market which was USD 33.4 billion in 2021, is expected to reach USD 57.39 billion by 2029, at a CAGR of 7.00% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Liver function tests can aid in determining the area of the liver where damage is occurring and, depending on the pattern of elevation, can aid in organising a differential diagnosis. Liver function tests (LFT) are blood tests that are used to assess the state of liver and biliary system. The liver processes and filters the blood as it circulates through the body. It performs many vital functions that include preparing blood clotting proteins, metabolization of nutrients, and detoxification of harmful substances.

Drivers

Rising awareness towards the liver health

Liver function tests are one of the most commonly requested screening blood tests. Whether used to monitor disease progression, examine suspected liver disease, or perform routine blood tests, these tests provide a wealth of information on a wide range of infection processes. Liver function tests also assist social insurance specialists in recognising various types of liver disease, determining the proximity of liver malady, assessing the extent of known liver harm, and following the response to treatment. This is the primary factor expected to drive the growth of global liver function tests.

Growing incidences of liver diseases

Liver diseases are a huge issue for medical professionals, and the demonstrative strategies in hepatology are a significant field for research and development. The inability to detect the disease at the outset is a significant test associated with chronic liver disease. Liver diseases affect a large number of people, according to WHO estimates, approximately 350 million people are constantly affected by hepatitis B. The rising prevalence of hepatitis B and other liver diseases is expected to expand the market for liver function tests.

Liver Function Test Market Scope

The liver function test market is segmented on the basis of product, end-use and components. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product