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.

 The Fact.MR report tracks the alkaline phosphatase kits market for the period 2018-2027. According to the report, the alkaline phosphatase kits market is projected to grow at 2.9% CAGR through 2027. The alkaline phosphatase kits market is expected to grow at a subdued rate over the 2018-2027 forecast period. With the ability of alkaline phosphatase kits to facilitate identification and prognosis of a wide spectrum of diseases, it has become a popular diagnostic tool in the medical fraternity. The factor has resulted in the medical sector accounting for 59.8% of the market share in 2018.

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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.

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.

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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.

“Recent developments have associated increased levels of alkaline phosphatase in the intestine with inflammatory bowel diseases. Detection of alkaline phosphatase levels in the human body using alkaline phosphatase could likely hold the key in the prognosis of the disease,” says a lead analyst at Fact.MR.

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.

Asia Pacific Excluding Japan will lead the way in terms of the alkaline phosphatase kits market growth rate. The Asian Pacific region is a hotbed of growing economies that are continuously revamping their infrastructures to serve people better. The region’s affinity for dairy products has soared high in recent times. With numerous companies expanding across the region and a high demand for premium dairy products, the sales of alkaline phosphatase kits for detecting the quality of pasteurized milk is expected to rise.

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