Market Trends of Global Homocysteine Testing Industry
This section covers the major market trends shaping the Homocysteine Testing Market according to our research experts:
The Folic Acid Segment is Expected to Hold a Major Market Share in the Homocysteine Testing Market
Folic acid is expected to hold a dominating share in the studied market during the forecast period. This is mainly due to the increasing folic acid deficiency due to the high levels of homocysteine which increases the risk of heart attack or stroke. For instance, the article titled ' Homocysteine ' published in 2020 mentioned that homocysteine testing to determine if a patient was folate-deficient or vitamin B12- deficient, to help diagnose a rare inherited disorder called homocystinuria. It is also used to determine if the patient is having an increased risk of heart attack or stroke. Similarly, in 2020 medlineplus.gov published a report in which it mentioned that a homocysteine test can be used to find out if the patient s having a deficiency in Vitamin B12, B6 or folic acid.
According to the article titled ' The determinants of maternal homocysteine in pregnancy: finding from Ottowa and Kingston Birth Cohort' published in March 2020 folate intake was associated with lower homocysteine concentration. Thus, the folate and folic acid levels in the human body can be used to test the homocysteine levels. Such increasing benefits offered by the homocysteine testing for folic acid deficiency led to the rise in demand for homocysteine testing, thereby driving the growth of the market during the forecast period.
North America is Expected to Hold a Significant Share in the Market and is expected to do the Same in the Forecast Period.
The United States is likely to command the global market due to the increased alcohol consumption, smoking, and use of Vitamin B supplements. For instance, in August 2021, the article titled ' U.S Alcohol consumption on the low end of recent readings' mentioned that 60% of United States adults drink alcoholic beverages, down from 65% . the report also mentioned that Americans' average weekly number of drinks dips to 3.6 from 4.0. Such alcohol consumption among the United States population is expected to drive the growth of the market owing to the increasing demand for blood testing.
Additionally, this region is expected to show high homocysteine testing market growth because the compliance rate of blood testing in this region is high coupled with a progressive healthcare infrastructure and a large treatment-seeking population in the region. For instance, according to the data published by medlineplus.gov in 2020, most of the United States population requires all infants to get a homocysteine blood test as part of routine newborn screening. Moreover, poor lifestyles, changing demographics, and increasing junk food consumption are some of the key factors driving the growth of the market in this region. Additionally, The presence of major market players in this region is also expected to drive the growth of the market during the forecast period.
