The new report by Expert Market Research titled, ‘Global B-Hydroxybutyrate (Ketone Body) Assay Kits Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global B-hydroxybutyrate (ketone body) assay kits market, assessing the market based on its segments like assay type, application, end use, 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.
B-Hydroxybutyrate (Ketone Body) Assay Kits Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.90%
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. 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 in the market owing to the rising healthcare expenditure and increasing geriatric population in the United States of America and Canada.
B-Hydroxybutyrate (Ketone Body) Assay Kits 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 heath-related issues.
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The assay types can be categorized as follows:
• Fluorometric Assay
• Colorimetric Assays
These kits find applications in the following:
• Salicylate Intoxication
• Childhood Hypoglycaemia
• Inborn Errors of Metabolism
These array kits find end-uses in:
• Hospitals and Clinics
• Ambulatory Surgical Centres
• Pathology Laboratories
• Diagnostic Centres
The major regions in the market are:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
B-Hydroxybutyrate (Ketone Body) Assay Kits Market Trends
The key trends in the global B-hydroxybutyrate (ketone body) assay kits market include the technological advancements in the healthcare industry in the 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.
Moreover, the growing R&D activities by the major market players to reduce the cost of point-of-care B-hydroxybutyrate (ketone body) assay kits are likely to be the aiding trends of the market in the future. Hence, these developments are likely to offer lucrative opportunities to the market.
Key Market Players
The major players in the Global B-Hydroxybutyrate (Ketone Body) Assay Kits Market are :
- Abcam plc.
- Cell biolabs Inc.
- BioAssay Systems
- AAT Bioquest, Inc.
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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