Global Homocysteine Testing Market Size (2024 - 2029)

Homocysteine Testing Market Analysis

The Homocysteine Testing Market is projected to register a CAGR of 8% during the forecast period (2022-2027).

Amidst the COVID-19, the homocysteine testing market is expected to grow during the growth the market owing to the increase of homocysteine testing to predict the severity of the COVID-19 infections. For instance, in 2021 the article titled 'homocysteine assessment to predict outcomes of hospitalized COVID-19 patients: a multicenter study on 313 COVID-19 patients' mentioned that homocysteine has recently been proposed as a potential predictive biomarker for COVID-19 infection severity. The report also mentioned that the optimal cut-off for homocysteine as predictive of in-hospital mortality was estimated to be 41% and 83 % of sensitivity and specificity, respectively. Such increasing advantages provided by the homocyetine testing during the pandemic period is expected to boost the growth of the market.

The factors such as increasing geriatric population coupled with the increasing alcohol consumption and other life style related disorders are expected to drive the growth of the market. For instance the article titled 'Hospice in the Santa Clara Area : how Folic acid may impact aging and Dimentia' published in 2022 mentioned that nearlt 25% of people over the age of 65 do not get enough vitain B12 which is very important for brain and neurological sytem function. Similarly , the article titled 'Serum Folate deficiency in older people may be associated with heightened dementia and deat risk' published in 2022, published that 1 in 5 older adults estimated to be folate deficient. Furthermore, According to the World Health Organization (WHO) report in 2021 the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion by 2030. As the elderly population is expected to grow in the coming years, the market may also witness growth as the elderly are to be continously monitored. Such increase in the folic acid deficiency in the geriatric population is expected to drive the demand for homoscyteine testing inorder to get effective treatment , thereby contributing to the growth of the market.

Homocysteine Testing Industry Segmentation

As per the scope of the report, Homocysteine is a building block of protein i.e., a common amino acid that is produced in the blood. High levels of homocysteine can lead to the early development of heart-related disorders, renal disease and can cause deficiency of vitamins B6, vitamin B12 and folate. The Homocysteine Testing Market is segmented by Type (Folic Acid, Pyridoxine, Cobalamin), Form (Tablet, Syrup, Others), Distribution Channel (Hospital Pharmacies, Drug Stores and Others) and Geography (North America, Europe, Asia-pacific, middle east, Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.