Alkaline Phosphatase Kits Market – Definition
Alkaline phosphatase (ALP) is an enzyme which catalyzes the phosphate esters in an alkaline buffer and produces an inorganic phosphate and organic radical. Alkaline phosphatase kits are designed to effectively measure the ALP levels in human serum and other bodily fluids. Apart from its use in healthcare, alkaline phosphatase kits are also used in food and beverages industry to check if raw milk has undergone pasteurization.
Alkaline Phosphatase Kits Market – About the Report
The latest study published by Fact.MR provides actionable insights about the alkaline phosphatase kits market. The report also provides a forecast of the market for the period 2018-2026. The elaborate report assesses and analyzes all the market aspects that hold a profound influence on the alkaline phosphatase kits market.
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Alkaline Phosphatase Kits Market – Market Structure
The alkaline phosphatase kit market report provides a thorough analysis of the market in terms of CAGR, volume, value, and Y-o-Y growth. The comprehensive market breakdown is provided in terms of end-use applications, pack size, and geographic region.
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.
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‘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.
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.
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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.
Alkaline Phosphatase Kits Market – Additional Questions Answered
Apart from the aforementioned insights on the alkaline phosphatase kits market, the report answers the following crucial questions that can help stakeholders assess their standing in the alkaline phosphatase market –
- Which is the most lucrative end-use application for alkaline phosphatase kits market?
- Which regions registered the highest sales of alkaline phosphatase kits in 2018?
- Which alkaline phosphatase kit pack sizes will be the most in demand in 2019?
- What are the key prospects of growth on offer in the alkaline phosphatase market?
- What are the threats that can negatively impact the growth of the alkaline phosphatase kits market?
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Alkaline Phosphatase Kits Market – Research Methodology
The alkaline phosphatase kits market report was compiled using a robust and exhaustive research methodology which has been explained thoroughly in the report. The research was conducted in two phases namely primary and secondary. Results from both the phases were cross-referenced in order to provide an authentic and accurate forecast of the alkaline phosphatase market.
Industry savants and thorough company case studies formed the basis of the primary research phase. During the secondary research phase, a detailed study of trade journals, paid sources, company press releases, and other industry-related publications were done to unearth meaningful insights about the alkaline phosphatase kits market.
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Nandini Roy Choudhury is a thought leader and subject matter expert on a range of industries, notably retail & consumer goods. Her analytical skills and lucid qualitative analysis have made her an authoritative figure on this domain.