AFP Testing Market: Overview
Alpha-fetoprotein (AFP) screening tests are extensively employed globally as they aid in determining particular types of chromosomal aberrations such as Edward’s syndrome and Down’s syndrome, some types of cancer, and neural tube defects. AFP screening tests are commercially available owing to their sensitivity in the diagnosis of cancer. AFP is the most commonly found plasma protein in the fetus of human beings. This protein is primarily made up of immature liver cells within the fetus, hence infants have elevated levels of AFP, which later on falls to normal adult level at the end of the first year.
This report on the global AFP testing market identifies the size of the market and also presents the growth opportunities in the market in forthcoming years. The market dynamics, drivers, growth indicators, challenges, and competitive landscape of the market have been encapsulated in this study. The significance of AFP testing and an analysis of the key trends dominant in the market has also been presented through this study. The top technological developments taking place in the AFP testing market have also been included. Analysis tools such as SWOT analysis and Porter’s five forces analysis are also being utilized in order to present the degree of competition prevalent in this market.
The report utilizes tables and distinctive graphics to present the key segments dominant in the global AFP testing market. A pin point evaluation of the transforming dynamics has also been presented through this study. An extensive review on the macro and micro factors useful for the already present players as well as the new entrants has also been encapsulated coupled with a comprehensive value chain analysis. The study helps the emerging players in making informed decisions by incorporating complete market insights and by presenting a detailed evaluation of all the market segments.
AFP Testing Market: Drivers and Restraints
AFP screening tests are largely employed and numerous amongst them are available commercially owing to their sensitivity for cancer diagnosis. The normal level of AFP in the blood of human beings is lower than 10 ng/ml but it may become as high as 500ng/ml in people suffering from chronic hepatitis. AFP levels also elevate in patients suffering from renal cancer, brain tumors, Hodgkin’s disease, and lymphoma.
The segment of cancer diagnostic is rising owing to the fact that researchers are on the lookout for discovering specific antigens and new techniques for further improvement of the mode of treatment. Thus, the increasing cases of cancer globally will provide impetus to the growth of the market for AFP testing. Some common cancers include testes cancer, liver cancer, ovarian cancer, stomach cancer, pancreatic cancer, and biliary tract cancer, and others including hepatitis and cirrhosis. In addition, the global AFP testing market is also poised to rise due to the increasing aging population because of the fact that aged people are more prone to tumor development and diseases.
AFP Testing Market: Region-wise Outlook
In terms of geography, the global AFP testing market is segmented into Asia Pacific, Europe, North America, and Rest of the World (RoW). Of these, the North America AFP testing market presents a significant share, while Europe and Asia Pacific were also dominant regions in the market, after North America.
Key players Mentioned in the Report are:
The top players in the global AFP testing market are Biomedical Diagnostics, Abbott Laboratories, Bio-Rad Laboratories, Kreatech Diagnostics, Beckman Coulter, and Roche Diagnostics, among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.