Research Nester published a report titled “Ferritin Testing Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global ferritin testing market in terms of market segmentation by product type, indication, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global ferritin testing market is anticipated to grow with a CAGR of ~6.5% during the forecast period, i.e., 2022-2031. The market is segmented by indication into anaemia, hemochromatosis, pregnancy, and lead poisoning. Out of these, the anemia segment is anticipated note a remarkable growth over the forecast period. This growth can be accounted to the rising prevalence of iron insufficiency in the aging population, as well as the growing burden of iron deficiency disorders. Apart from this, women are more likely to acquire anemia as a result of poor nutritional habits. For instance, in 2019, the global prevalence of anemia in women of reproductive age was 29.9% equating to nearly half a billion women aged 15 to 49 years.
The global ferritin testing market is estimated to witness growth on the back of the rising iron deficiency, anaemia, and advancement in healthcare infrastructure. Moreover, booming need for accurate and speedy test results, major investment in ferritin testing research and development, and government attempts to reduce iron inadequacies have all been demonstrated to be growth drivers for the global ferritin testing market.
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Geographically, the global ferritin testing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Out of these, the market in North America region is projected to garner a rising market share over a forecast period. The market growth is expected to be fuelled by higher prevalence of iron deficiency and anemia in the elderly population and a lack of nutritional diet. According to the Population Reference Bureau, the United States had roughly 52 million people aged 65 and up in 2018.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Increasing Iron Deficiency and Anemia to Drive the Market Growth
According to the statistics by the World Health Organization (WHO), nearly 42% of children under 5 years of age and 40% of pregnant women are anaemic globally.
The growing incidence of iron deficiency disorders, as well as the rising prevalence of iron insufficiency in the aging population, are expected to fuel the market growth. Furthermore, soaring demand for accurate and speedy test results, significant investment in ferritin testing research and development, and government measures to combat iron deficiency have all been identified as major growth drivers for the global ferritin testing market over the projection period.
However, the high cost involved in ferritin testing is expected to operate as key restraint to the growth of global ferritin testing market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global ferritin testing market which includes company profiling of Sekisui Diagnostics, LLC., BioMérieux SA, Thermo Fisher Scientific Inc., ORGENTEC Diagnostika Gmbh, Eurolyser Diagnostica GmbH, HORIBA Ltd., Monobind Inc, Aviva Systems Biology Corporation, Abnova Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global ferritin testing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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