Beta-2 microglobulin is a protein of major histocompatibility complex class I molecules, which is used as tumor marker for certain blood cancers. It is present on all nucleated cells. The beta-2 microglobulin is tested in plasma, serum, or urine samples. The beta-2 microglobulin level in the sample helps detect disease activity; for example, low level of beta-2 microglobulin in serum indicates less disease activity, while high levels indicate higher disease activity. In many hematological disorders, beta-2 microglobulin level works as a highly sensitive marker. Beta-2 microglobulin is used as a prognostic marker to test disease activity such as lymphoma, leukemia, and multiple myeloma. High levels of beta-2 microglobulin in urine samples can help detect tubular disorders of the kidney. However, this testing cannot be used to diagnose a specific disease. It only provides additional information regarding a patient’s prognosis.
Driving factors of the global beta-2 microglobulin testing market include rising geriatric population and increasing prevalence of blood cancer. However, high cost, patent protection, regulatory constraints, technological edge, and limitations are anticipated to restrain the market. The global beta-2 microglobulin testing market can be segmented based on application, end-users, sample type, and region. In terms of application, the market can be divided into kidney diseases, tumor markers, urinalysis, ELISA, blotting, life science, testing or assay validation, antibody production, immunoassays, controls, and calibrators & standards. The tumor markers segment held a large market share in 2016 owing to the high prevalence of cancer. The kidney diseases and urinalysis segments are anticipated to witness strong growth in the next few years. Growth of these segments can be attributed to rise in the geriatric population.
Based on end-user, the global beta-2 microglobulin testing market can be segmented into hospitals, academic, and research institutes, and diagnostic centers. The hospitals segment held the major market share in 2016 due to government initiatives for spreading awareness about the benefits of pre-determination of cancer. The academic and research institutes segment is expected to gain market share in the next few years owing to high demand for advancements in research & development.
In terms of sample type, the global beta-2 microglobulin testing market can be classified into urine, blood, and cerebrospinal fluid. The blood sample segment accounted for high market share in 2016, attributed to rising prevalence of lymphoma, multiple myeloma, infections such as HIV, cytomegalovirus, and inflammatory disorders. The urine sample segment is anticipated to grow during the forecast period owing to rising population of people above 50 years and increasing prevalence of kidney disorders.
Geographically, the global beta-2 microglobulin testing market can be divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America held the largest share of the beta-2 microglobulin test market in 2016, owing to the technological advancements, which have created numerous opportunities for determining specific tumors, monitoring biological response to cancer therapy, and genetic predisposition. Increasing geriatric population further fueled the market in the region. Europe held the second largest market share in 2016 owing to the high prevalence of cancer. The market in Asia Pacific is expected to witness strong growth during the forecast period due to increasing awareness and government initiatives in India and China.
Key players in the global beta-2 microglobulin testing market are Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Siemens Healthineers, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Sequenom, QIAGEN, Cepheid, Biomedical diagnostics, bioMérieux, Inc., and other prominent players.
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.
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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.
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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?
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