According to the report, the alkaline phosphatase kits market is projected to grow at 2.9% CAGR through 2027.
Rockville Pike, MD -- (SBWIRE) -- 05/16/2019 -- The report on alkaline phosphatase kit market provides actionable insights about the market and identifies factors that currently hold influence on the market and will impact its value and size in the foreseeable future. Additionally, a thorough analysis of all the macro and microeconomic facets such as drivers, restraints, threats, opportunities, and challenges have been provided in the report. Both the quantitative and qualitative impact of the identified facets has been propounded in the report. The alkaline phosphatase market report provides an in-depth explanation of the market behavior during the 2018-2027 period with explanations that justify the reasons stated in the report.
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Growing Adoption in Healthcare Diagnostics Creating Opportunities
The level of alkaline phosphates in human serums and other bodily fluids are indicative of a variety of complications that may arise in the body. Higher levels of alkaline phosphatase levels are linked to problems related to liver, gallbladder, pancreas, intestine, or other serious infections. The level of alkaline phosphatase in a patient's blood helps doctors identify conditions like hepatitis, cirrhosis, cholecystitis, and blockage of bile ducts. Alkaline phosphatase levels are also indicative of liver and bile ducts cancer. Alkaline phosphatase kits play a pivotal role in the detection of disorders and paving the pathway for the further treatment required in each case. The growing use of alkaline phosphatase kits in healthcare diagnostics is likely to create significant opportunities for stakeholders during the course of the forecast period.
'101-500' Pack Size Remains the Bestseller Due to Relative Affordability
The relative affordability of alkaline phosphate kits with pack sizes ranging from 101 to 500 have made it the most preferred choice among end-users. The significant price difference between pack sizes of over 500 and kits with sizes ranging from 101 to 500 makes the latter an affordable choice. Further, the reagents used in the alkaline phosphatase kit are stable for a year when stored in conditions as directed by the manufacturers and need to be replaced annually. Due to this reason, numerous companies are benefitting from the utility offered by alkaline phosphatase kits with pack sizes ranging from 101-500. The companies have been able to maintain the optimal balance between demand and supply while using kits with the aforementioned pack sizes which has led to its widespread acceptance in the market.
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Unreliability of Alkaline Phosphatase Kit Results Remains a Challenge to Wider Adoption
Although alkaline phosphatase kit is an efficient way of detecting higher or lower levels of alkaline phosphatase in the blood, it is not necessarily indicative of an abnormality in the body. Sometimes, during pregnancy, alkaline phosphatase levels may rise due to the placental influx. Also, higher levels of alkaline phosphatase are observed during bone formation and development. Due to the likelihood of the kit providing false positives, it is used in tandem with other diagnostic tests to determine the cause, severity, and prognosis of an underlying disease.
US Continues to Spearhead the Alkaline Phosphatase Kits Market
North America remains the largest market for alkaline phosphatase kits, on account of robust demand in the US. The US accounts for the largest revenue share, not only in North America but globally as well. A notable reason for US holding the majority market share is the high preference for pasteurized milk in the region. According to a mandate issued by the Food and Drug Association (FDA) in 1987, the use of raw milk for the production of milk and other dairy products was banned. Further, milk and other dairy products are perceived as the premier source for high-quality protein by the majority of North American population. Along with a flourishing dairy market, demand for alkaline phosphatase kits is complemented by the robust healthcare sector. These factors have been instrumental in aiding the growth of the alkaline phosphatase market in the region. The presence of multiple leading market players in the region is a testament of the flourishing alkaline phosphatase market in the region.
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