Research Nester published a report titled “Anti–Asthma TDM Assay Kits Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global anti-asthma TDM assay kits market in terms of market segmentation by product type, assay type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global anti-asthma TDM assay kits market is estimated to garner notable CAGR over the forecast period, i.e., 2022 – 2031. The market is segmented by end-user into hospitals, diagnostic laboratories, and research centers & academic institutes. Out of which, the hospital sub-segment is anticipated to hold the largest share in the global anti-asthma TDM assay kits market on account of the availability of a specialized team of doctors. Moreover, hospitals are equipped with technological advancements which make patients feel comfortable. On account of this the global anti-asthma TDM assay kits market is estimated to witness remarkable growth during the forecast period.
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The global anti-asthma TDM assay kits market is estimated to grow on the back of the rising number of asthma patients worldwide. The data released by the World Health Organization states that in 2019, asthma affected an estimated 262 million people and caused 455,000 deaths. Moreover, the rising health expenditure is also expected to act as a catalyst for the growth of the global anti-asthma TDM assay kits market during the forecast. As per the data released by the World Bank, in 2019, the current health expenditure was 9.84% of the total world GDP.
Regionally, the global anti-asthma TDM assay kits market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America region is estimated to witness modest growth over the forecast period on the back of the increasing healthcare expenditure in the region. As per the data released by the Centers for Medicare & Medicaid Services, the United States health care spending reached USD 4.1 trillion. Furthermore, the global anti-asthma TDM assay kits market is estimated to witness remarkable growth during the forecast period in the Asia Pacific region. The region consists of two highly populous countries India and China. Additionally, as per the data released by United Nations Population Fund, the Asia Pacific region has 60% of the world’s population.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Tobacco Consumption expected to Foster the Market Growth
The data released by the World Health Organization states that in 2020, 22.3% of the world population used tobacco.
Scientists claim that tobacco smoke is a common trigger for asthma. The smoke from burning tobacco products, such as cigars, cigarettes, or pipes can aggravate the condition. This is estimated to fuel the global anti-asthma TDM assay kits market growth during the forecast period.
However, lack of awareness is expected to operate as a key restraint to the growth of global anti-asthma TDM assay kits market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global anti-asthma TDM assay kits market which includes company profiling of F. Hoffmann-La Roche Ltd., Bio-Techne Corporation, Svar Life Science AB, Thermo Fisher Scientific Inc., Eagle Biosciences, Inc., Merck KGaA, Elabscience Biotechnology Inc., MyBioSource Inc., Creative Diagnostics, and Diagnostic Automation/Cortez Diagnostics, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global anti-asthma TDM assay kits market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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