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 application, end user, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. 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): 7.8 %
The market for B-Hydroxybutyrate (Ketone Body) Assay Kits has seen significant growth as a result of diabetes, which is expected to account for a significant portion of the market based on application. This can be ascribed to the increased prevalence of sedentary lifestyles, which has resulted in an increase in cases of high blood pressure, obesity, and lack of activity. Because high blood levels of B-hydroxybutyrate in diabetic patients can cause hypoglycemia, hyperglycemia, and diabetic ketoacidosis, the need for B-hydroxybutyrate (ketone body) assay kits for precise and prompt testing is driving market expansion. Meanwhile, the market for childhood hypoglycemia is expected to account for a sizable part. Because childhood hypoglycemia is primarily caused by incorrect insulin or oral diabetic medication doses, the demand for B-hydroxybutyrate (ketone body) assay kits is increasing due to their superior analytical performance.
Market Segmentation
B-hydroxybutyrate (ketone body) test kits are diagnostic tools for determining the amount of B-hydroxybutyrate in plasma or serum. They’re commonly used to diagnose diabetic ketoacidosis and other ketonic conditions. They are widely utilised because they provide reliable and exact diagnoses of numerous health conditions.
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Based on the assay types, the market is divided into:
• Fluorometric Assay
• Colorimetric Assay
Based on the applications, the market is divided into:
• Diabetes
• Salicylate Intoxication
• Childhood Hypoglycemia
• Inborn Errors of Metabolism
• Others
Based on the end use, the market is segmented into:
• Hospitals and Clinics
• Ambulatory Surgical Centres
• Pathology Laboratories
• Diagnostic Centres
• Others
The regional markets for B-Hydroxybutyrate (Ketone Body) Assay Kits include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The increased prevalence of diabetic ketoacidosis (DKA) in North America is expected to fuel the development of B-hydroxybutyrate (ketone body) assay kits. Growing technological improvements in the healthcare sector are expected to help the market in North America grow even further. The global B-hydroxybutyrate (ketone body) assay kits market is driven by the product’s excellent sensitivity and reliability, which makes it popular in hospitals and clinics. Diabetes is on the rise, and the risk of childhood hypoglycemia is on the rise, so B-hydroxybutyrate (ketone body) assay kits are anticipated to be in high demand.
Key Market Players
The major players in the market are Abcam plc., Cell Biolabs, Inc., BioAssay Systems, AAT Bioquest, Inc., and others.
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