Global Liver Disease Diagnostics Market Trends

Statistics for the 2023 & 2024 Global Liver Disease Diagnostics market trends, created by Mordor Intelligence™ Industry Reports. Global Liver Disease Diagnostics trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Global Liver Disease Diagnostics Industry

This section covers the major market trends shaping the Liver Disease Diagnostics Market according to our research experts:

Imaging Tests Segment is Expected to Hold a Significant Share in the Market Over the forecast Period

The imaging segment is expected to have significant growth in the market due to its high specificity when compared with other diagnostic techniques used in liver disease diagnostics. Ultrasonography, radionuclide scanning, computed tomography (CT), magnetic resonance imaging (MRI), endoscopic retrograde cholangiopancreatography (ERCP), percutaneous transhepatic cholangiography, and surgical cholangiography are imaging procedures for the liver, gallbladder, and biliary tract. The imaging tests help doctors with an accurate examination of the liver enabling them to early detection of morphological changes in the liver the imaging tests are used widely and hence, are expected to have a healthy growth over the forecast period. For instance, in 2022, the National Library of Medicine of the United States published that gradient recalled echo (GRE) MRI is the most accurate imaging method to detect the existence and severity of hepatic steatosis.

Additionally, the key players in the market of liver imaging diagnostics are partnering with each other to increase awareness and advance the early diagnosis of various liver diseases along with the development and launch of new products which are further expected to boost growth in the studied segment. For instance, in June 2022, Echosens and Novo Nordisk collaborated on the adoption of non-invasive diagnostic tests for non-alcoholic steatohepatitis (NASH) and work together to increase awareness of the disease and the importance of early diagnosis and management. By 2025, the firms hope to have doubled the rate of diagnoses for those with advanced to severe NASH. Therefore, due to the above-mentioned factors, the imaging tests segment in the liver disease diagnostics market is expected to have a significant share over the forecast period.

Most Common Causes of Chronic Liver Disease

North America Region is Expected Occupy Major Share in the Market Over the Forecast Period

North American region is expected to dominate the market due to factors such as the high prevalence of liver diseases, high-alcohol consumption, the presence of advanced and robust healthcare infrastructure, and other factors. For instance, according to the 2021 report of the Canadian Liver Foundation, in 2020, non-alcoholic fatty liver disease was the most common liver disease, affecting over 7 million people and liver cancer is the fastest rising and deadliest form of cancer in Canada. Thus, the demand for liver disease diagnostics products in the region is expected to be high for the early detection of the disease which will fuel growth in the studied market in the North America region.

In the North American region, the United States is expected to dominate the market owing to the high burden of liver diseases and associated risk factors such as high consumption of alcohol and obesity. For instance, according to the January 2022 update of the Centers for Disease Control and Prevention, about 4.8 million people in the country are living with diagnosed liver disease. Further, as per the same source, alcohol consumption is also very high in the country which is one of the major factors responsible for the increase in the burden of liver disease and about 25.1% of adults of age 18 and more had approximately one heavy drinking day (five or more drinks for men and four or more drinks for women) in the previous years. Hence, the burden of liver diseases in the country is expected to increase over the years which is anticipated to have a positive impact on the market. Moreover, the growing health awareness along with the launch of new and advanced tests by the companies in the market is further expected to have a positive impact on the studied market. For instance, in January 2022, Siemens Healthineers launched enhanced liver fibrosis (ELF) test in the United States and the ELF test is one of the first prognostic blood tests granted De Novo marketing authorization to assess disease progression in non-alcoholic steatohepatitis (NASH) patients. Therefore, owing to the above-mentioned factors, the North American region is expected to hold a significant market share, in which the United States will be a major market for the liver disease diagnostics market over the forecast period.

Liver Disease Diagnostics Market

Liver Disease Diagnostics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)