Ferritin Testing Market Size

Ferritin Testing Market size was valued at USD 601.7 Million in 2023 and is poised to cross USD 1.93 Billion by the end of 2036, registering more than 9.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ferritin testing is estimated at USD 652.6 Million. The growth of the market is driven by the increasing burden of illness caused by iron deficiency among children, women. Around 42% of children under the age of five and 40% of pregnant women are anemic all across the globe, recorded as per a report by World Health Organization. 

Furthermore, Anemia is also caused by hemoglobinopathies and viral disorders including malaria, TB, and parasitic infections. For instance, approximately 3.5 billion individuals globally are infected by intestinal parasite diseases, and more than 200,000 fatalities are recorded every year on the base of parasitic infections.