SAN FRANCISCO, May 7, 2019 /PRNewswire/ --Global liver function tests market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Liver function tests (LFT) are the blood tests that are performed to detect liver-related disorders. It helps to treat the liver disease and measure
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Liver function tests market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).Globally, North America may account for the substantial market share of liver function tests and estimated to lead the overall market in the years to come. The reason behind overall market growth could be the presence of highly equipped laboratories, technological enhancement in diagnostic devices and availability of facilities such as medical reimbursement and insurance. Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second large region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The reason could be the developing healthcare infrastructure and the growing geriatric population. The key players of liver function tests market are Roche Diagnostics, Alpha Laboratories, Abbott Laboratories, Biobase Group, Thermo Fisher Scientific Inc., ELITechGroup, Randox Laboratories Ltd., Horiba Medical, and Laboratory Corporation of America Holdings. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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