The global liver disease diagnostics market size was valued at USD 29.3 billion in 2019 and is estimated to grow at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2027. Rising prevalence of acute and chronic liver diseases is one of the major factors expected to drive the market for liver disease diagnostics. For instance, according to the WHO, in 2018, 841,080 new cases of liver cancer were reported globally and an estimated 781, 631 people died due to liver cancer. Rising initiatives undertaken by key players to develop highly sensitive and rapid tests to detect liver diseases in specific populations such as pregnant women and HIV-positive patients is anticipated to boost the market for liver disease diagnostics. For instance, in February 2019, Abbott received a CE mark for Determine HBsAg 2 test, a sensitive, easy-to-use, and rapid diagnostic test used for the detection of hepatitis B.
Furthermore, increasing R&D of accurate diagnostic systems to improve early diagnosis and patient outcomes is expected to propel the growth of the market for liver disease diagnostics. In March 2020, F. Hoffmann-La Roche Ltd. was granted Breakthrough Device Designation for Elecsys GALAD score. Elecsys GALAD score was developed under Roche Diagnostics Liver Indication Program to improve diagnostic workflow and support clinicians by providing accurate information.
The presence of favorable reimbursement policies by Medicare, Medicaid, and other health insurance programs is expected to accelerate the market for liver disease diagnostics. The Medicare coverage policy in CodeMap, a leading source of reimbursement solutions, and Medicare compliance includes piccolo express liver panel plus developed by Abbott with a medicare reimbursement of USD 30.89.
In addition, the introduction of novel methods to diagnose diseases is likely to have a positive impact on the market for liver disease diagnostics. For instance, in December 2017, VITROS ALTV Slides, a new and novel method for the measurement of Alanine Aminotransferase (ALT) using dry slide technology was developed by Ortho Clinical Diagnostics. This novel method reduces the volume of sample requirement, increases sensitivity, and enhances precision performance.
The imaging segment dominated the market and held a revenue share of 29.4% in 2019. This is attributed to the rising number of initiatives taken by key players in the market for liver disease diagnostics to develop advanced imaging techniques. Laboratory tests are carried out using urine, blood, and other fluid samples to diagnose the liver function. Whereas, imaging includes ultrasound, X-ray, Magnetic Resonance Imaging (MRI) scan, Computed Tomography (CT) scan, and others. Imaging is estimated to witness a significant CAGR of 6.9% during the forecast period.
In addition, the key players in the market for liver disease diagnostics are undertaking initiatives to support non-profit organizations to raise awareness and help physicians in detecting liver diseases. In January 2020, Echosens supported Fatty Liver Foundation (FLF) by providing FibroScan to help clinicians in detecting, monitoring, and preventing liver diseases.
The hospitals segment held the largest revenue share of 45.5% in 2019 as the majority of patients rely on hospitals well-equipped with diagnostic testing devices. Hospitals provide optimal care to patients and enable early detection & diagnosis, thus boosting the growth of the market for liver disease diagnostics. Furthermore, the ongoing development of healthcare infrastructure is anticipated to enhance the existing hospital facilities.
The laboratories segment is projected to be the fastest growing segment in the liver disease diagnostics market over the forecast years. Various laboratories and institutes conduct awareness programs to diagnose hepatic organ disease. For instance, in December 2017, the Institute of Liver and Biliary Sciences collaborated with Mylan Laboratories to conduct screening and awareness programs. The aim was to provide quality screening and testing facilities for more than 1000 patients in Delhi. The program conducted tests such as Hepatitis B & C, Fibroscan, and ALT.
North America dominated the market and held a revenue share of 43.1% in 2019, followed by Europe. High investments in R&D and presence of key players are some factors expected to be responsible for the growth of the market for liver disease diagnostics in the region. Furthermore, the presence of organizations that provide information regarding the diagnosis of diseases to patients is expected to fuel the growth of the market for liver disease diagnostics. One such organization is GetPalliativeCare.org that provides palliative care information related to diagnostic methods such as endoscopy, CT scan, and biopsy.
The market for liver disease diagnostics in the Asia Pacific is expected to grow at a significant rate during the forecast period. Increasing geriatric population and awareness about regular check-ups are contributing to the growth of the market for liver disease diagnostics in this region. Furthermore, regulatory approval of advanced technologies that can be integrated with imaging systems is estimated to drive regional growth. For instance, in August 2018, LiverMultiScan received clearance from Therapeutic Goods Administration (TGA) to diagnose patients with highly prevalent diseases in Australia such as NAFLD and NASH.
The key players are implementing multiple strategies for the development of innovative technologies to advance patient care. In August 2019, Boston Scientific Corporation acquired BTG plc to offer access to advanced technologies for better patient care. Some of the prominent players in the liver disease diagnostics market include:
Abbott
F. Hoffmann-La Roche Ltd.
Thermo Fisher Scientific Inc.
Randox Laboratories Ltd.
Boston Scientific Corporation
Laboratory Corporation of America Holdings
Fujifilm Corporation
Horiba Medical
Siemens Healthcare GmbH.
Report Attribute |
Details |
Market size value in 2020 |
USD 31.2 billion |
Revenue forecast in 2027 |
USD 48.7 billion |
Growth rate |
CAGR of 6.5% from 2020 to 2027 |
Base year for estimation |
2019 |
Historical data |
2016 - 2018 |
Forecast period |
2020 - 2027 |
Quantitative units |
Revenue in USD Million and CAGR from 2020 to 2027 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Diagnosis technique, end use, region |
Regional scope |
North America; Europe; Asia-Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; Germany; U.K., France; Italy; Spain; Russia; Japan; China; India; Australia; Singapore; South Korea; Brazil; Mexico; Argentina; Saudi Arabia; South Africa; UAE |
Key companies profiled |
Abbott; F. Hoffmann-La Roche Ltd.; Thermo Fisher Scientific Inc.; Randox Laboratories Ltd.; Boston Scientific Corporation; Laboratory Corporation of America Holdings; Fujifilm Corporation; Horiba Medical; Siemens Healthcare GmbH |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global liver disease diagnostics market report on the basis of diagnosis technique, end use, and region:
Diagnosis Technique Outlook (Revenue, USD Million, 2016 - 2027)
Imaging
Laboratory tests
Endoscopy
Biopsy
Others
End-Use Outlook (Revenue, USD Million, 2016 - 2027)
Hospitals
Laboratories
Others
Regional Outlook (Revenue, USD Million, 2016 - 2027)
North America
U.S
Canada
Europe
Germany
U.K.
France
Italy
Spain
Russia
Asia Pacific
Japan
China
India
Australia
Singapore
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
UAE
b. The global liver disease diagnostics market size was estimated at USD 29.3 billion in 2019 and is expected to reach USD 31.2 billion in 2020.
b. The global liver disease diagnostics market is expected to grow at a compound annual growth rate of 6.5% from 2020 to 2027 to reach USD 48.7 billion by 2027.
b. Imaging dominated the liver disease diagnostics market with a share of 29.4% in 2019. This is attributable to the presence of techniques such as ultrasound, X-ray, Magnetic Resonance Imaging (MRI) scan, Computed Tomography (CT) scan, and others.
b. Some key players operating in the liver disease diagnostics market include Abbott, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Randox Laboratories Ltd., Boston Scientific Corporation, Laboratory Corporation of America Holdings, Fujifilm Corporation, Horiba Medical, and Siemens Healthcare GmbH.
b. Key factors that are driving the liver disease diagnostics market growth include the rising prevalence of acute & chronic liver disease and increasing R&D of accurate diagnostic systems to improve early diagnosis and patient outcomes.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
We value your investment and offer free customization with every report to fulfil your exact research needs.