Ferritin Testing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Ferritin Testing Market is Segmented by Product Type (Instrument, Reagent, and Kits), Application, End User, and Geography

Market Snapshot

Ferritin Testing Market Snapshot
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.9 %

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Ferritin Testing Market Overview

The ferritin testing market is expected to exhibit a higher CAGR during the forecast period, owing to the increasing prevalence of blood-related disorders, such as anemia. Anemia is a condition in which a patient lacks the right amount of healthy red blood cells, to carry adequate oxygen to the body's tissue. Iron plays an important role in maintaining the hemoglobin level, since it helps in carrying oxygen throughout the blood. According to the World Health Organization, in 2016, around 42.6% of the children under the age of five years suffered from anemia, worldwide. Furthermore, emerging developments in various products are expected to propel the growth of the market. For instance, in 2019, Eurolyser Diagnostica GmbH launched a new feature of bidirectional connectivity to its existing product called Cube, used for the testing of iron deficiency. It allows for easy calibration and measurement of iron in the patients' blood. Hence, such factors are expected to fuel the growth of the ferritin testing market.

Scope of the Report

As per the scope of the report, ferritin test is conducted for diagnosing iron deficiency disorders, by measuring the level of iron in the blood. The ferritin testing market is segmented by product type, application, end user, and geography. 

By Product Type
Instrument
Reagent
Kits
By Application
Anemia
Hemochromatosis
Lead Poisoning
Other Applications
By End User
Hospitals
Diagnostic Laboratories
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

The Hospitals Segment is Expected to Hold a Significant Share in the Ferritin Testing Market

  • The number of increasing hospitals and its developing infrastructure is expected to drive the market in this segment. According to the American Hospital Association, currently, there are around 6,146 hospitals present in the United States. According to the Centres for Medicare and Medicaid Services, in 2018 around 3.6 trillion USD was spent by the United States in health-care management.
  • Furthermore, according to the American Journal of Perinatology study published in 2019, patients with iron deficiency anemia have been found to have longer hospital stays. Also, the ferritin testing has been observed to be efficient in detection in iron deficiency according to the study published in 2019, by the Public Library of Science. Hence, the aforementioned factors are expected to impact positively on the ferritin testing market growth in this segment.
Ferritin Testing Market Trend.png

North America is Expected to Hold a Significant Share in the Market and the Trend is Expected to Remain the Same during the Forecast Period

North America expected to hold a major market share in the global ferritin testing market due to the increasing aging population and its associated iron deficiency disorders. The older population is likely to suffer from iron deficiency disorders such as anemia. According to the Population Reference Bureau, in 2018, approximately 52 million people were recorded to be with the age 65 years and above. According to the study Mechanisms of Aging Development, in 2018, around 10% of pregnant women were diagnosed with iron deficiency and around 1% of men had low levels of iron in the United States. Thus, increasing prevalence is expected to boost the demand for ferritin testing.

Ferritin Testing Market - Growth Rate by Region

Competitive Landscape

Some of the companies that are currently dominating the ferritin testing market are bioMérieux SA, Seksui Diagnostic, Orgentec Diagnostika, Thermofisher Scientific, Cortez Diagnostica Inc., Eurolyser Diagnostica GmbH, Pointe Scientific Inc., Aviva System Biology Corporation, Abnova Corporation, and Monobind Inc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Iron Deficiency Disorders

      2. 4.2.2 Increasing Burden of Anemia in Youngsters

    3. 4.3 Market Restraints

      1. 4.3.1 Presence of Alternative Transferrin Saturation Test

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Instrument

      2. 5.1.2 Reagent

      3. 5.1.3 Kits

    2. 5.2 By Application

      1. 5.2.1 Anemia

      2. 5.2.2 Hemochromatosis

      3. 5.2.3 Lead Poisoning

      4. 5.2.4 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Diagnostic Laboratories

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East & Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East & Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abnova Corporation

      2. 6.1.2 Aviva System Biology Corporation

      3. 6.1.3 bioMerieux SA

      4. 6.1.4 Cortez Diagnostica Inc.

      5. 6.1.5 Eurolyser DIagnostica GmbH

      6. 6.1.6 Monobind Inc.

      7. 6.1.7 Orgentec Diagnostika

      8. 6.1.8 Pointe Scientific Inc.

      9. 6.1.9 Seksui Diagnostic

      10. 6.1.10 Thermofisher Scientific

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Ferritin Testing Market market is studied from 2018 - 2026.

The Ferritin Testing Market is growing at a CAGR of 4.9% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Eurolyser Diagnositca GmbH , ThermoFisher Scientific , bioMérieux SA, Orgentec Diagnostika , Cortez Diagnostica Inc. are the major companies operating in Ferritin Testing Market .

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