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Global Lipase Testing Market to Grow at a Healthy Pace During 2020-2025, Aided by the Growing Availability of Advanced Diagnostic Facilities

According to a new report by EMR titled, ‘Global Lipase Testing Market Report and Forecast 2020-2025’, the global market for lipase testing is being aided by the rising lipase market, which is expected to grow at a CAGR of 5% between 2020 and 2025.

The global lipase testing industry is being driven by the increasing number of diagnostic centres globally and the growing prevalence of lifestyle-related diseases. While high levels of lipase in the blood are indicative of disorders including gallstones, celiac disease, bowel obstruction, gastroenteritis, and pancreatic cancer, among others, low level of lipase indicates the presence of chronic pancreatitis or cystic fibrosis. The growth of the e-commerce industry and the increasing availability of lipase assay kits to quantitatively determine lipase enzyme activity on online platforms like Amazon.com, Inc. (NASDAQ: AMZN) are expected to significantly contribute to the market growth over the forecast period.

There are different types of testing methods for lipase, and each one of them delivers some specific purpose.  The hepatic lipase testing is performed to assess the level of lipase present in the liver. The testing kits for pancreatic lipase are developed to assess the quantity of lipase expressed in the pancreas. The main function of pancreatic lipase is to hydrolyse dietary fats. Lastly, the total lipase testing kits are used to measure the lipase concentration of both types, that is, hepatic lipase and pancreatic lipase.  The growing demand for simple, direct, and automation-ready procedures for measuring lipase activity are further propelling the manufacturers to introduce innovative products. Creative Biomart Inc., one of the key players in the industry, manufactures lipase assay kit, which is based on an improved dimercaptopropanol tributyrate (BALB) method. Such developments are expected to further propel the industry growth over the forecast period.

Market Breakup by Type, Technology, End Use, and Region:

  • By type, the industry can be divided into hepatic lipase, total lipase, and pancreatic lipase, among others. 
  • The various technologies of lipase testing include spectrophotometric and ELISA, among others.
  • Based on end use, the industry can be categorised into diagnostic laboratories, special clinics, hospitals, and research centres, among others.
  • Region-wise, the global market for lipase testing can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for lipase testing is being driven by the growing cases of pancreatic disorders and the availability of advanced diagnostic facilities. 
  • The favourable government initiatives and the developing healthcare infrastructures are further propelling the industry growth. 
  • The market is receiving a further impetus with the growing technological advancements. 
  • The growing R&D activities and the development of innovative testing solutions are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for lipase testing for the periods (2015-2019) and (2020-2025). 
  • The report also offers historical (2015-2019) and forecast (2020-2025) market information for the types, technologies, end uses, and major regions of lipase testing.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global lipase testing market are Creative Biomart Inc., LifeSpan BioSciences, Inc, Fitzgerald Industries International, Athenese-Dx Private Limited, and BioAssay Systems, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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