In this report,global Liver Function Test Market will reach 11923.16 Million USD by the end of 2025 with a CAGR of 5.83%, the global Liver Function Test market is valued at 8486.8 Million USD in 2019 and will reach 11923.16 Million USD by the end of 2025, growing at a CAGR of 5.83% during 2019-2025.
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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. 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.
Liver Function Test can be divided into six categories: alanine aminotransferase test, aspartate aminotransferase test, alkaline phosphatase test, gamma GT test, total bilirubin, albumin. Alanine aminotransferase test and aspartate aminotransferase test accounted for the highest proportion, with a figure of 54.44% in 2019, among which albumin. Alanine aminotransferase test account for 28.40% and aspartate aminotransferase test account for 26.04%.
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The sales revenue market share of global Liver Function Test in disease diagnose, blood routine analysis and disease prevention has been stable year by year, at 53.54%, 24.71%, 16.11% and 5.64% respectively in 2019, and for several consecutive years, the amplitude was within 2 percent. This indicates that the segment of the Liver Function Test in the global market tends to be fixed without great changes. Among them, the Liver Function Test market has the most promising sales prospects in the disease diagnose.
XYZ research center data shows that United States is the biggest contributor to the Liver Function Test revenue market, accounting for 62.18% of the total global market with a revenue of 498.04 million USD in 2019, followed by European Union, 25.29% with a revenue of 202.57 million USD.
Alpha Laboratiories is the largest company in the global Liver Function Test market, accounting for 12.58/% of the revenue market share in 2019, follows by Biobase Group and Thermo Fisher Scientific, accounting for 10.99% and 8.06% of the revenue market share in 2019.
Geographically, global Liver Function Tests market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
Laboratory Corporation of America Holdings
Randox Laboratories Ltd
Thermo Fisher Scientific Inc.
On the basis of product, we research the production, revenue, price, market share and growth rate, primarily split into
Alanine Aminotransferase Test
Aspartate Aminotransferase Test
Alkaline Phosphatase Test
Gamma GT Test
For the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Liver Function Tests for each application, including
Blood Routine Analysis
Production, consumption, revenue, market share and growth rate are the key targets for Liver Function Tests from 2014 to 2026 (forecast) in these regions
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