Lipase Reagent Market Trends

Growth Drivers

• Increasing Diarrhea Cases in Children- Globally, 1.7 billion children are affected with diarrhea disease every year according to the World Health Organization.
• Rising Concern for Diagnosis – The accurate detection of several medical disorders that might be suggested by increased levels of lipase in the body is a rising issue. For these kinds of illnesses to be effectively treated and managed, a fast and accurate diagnosis is crucial. The primary diagnosis at office visits for all digestive diseases was stated to be 36.6 million in the year 2010 in the U.S.
• Government Initiatives in the Healthcare Sector –The Universal Health Coverage progress rate is projected to cover health services to 290 million by 2023, compared to the baseline value of 2018 leaving a difference of 710 million to reach the target.
• Poor Lifestyle and Nutritional Deficiency – Elevated lipase levels and other metabolic abnormalities can be caused by a poor lifestyle and dietary deficits.  As per the Food and Agriculture Organization of the United Nations, it is estimated that between 720 to 811 million individuals faced hunger worldwide in 2020.
• Lack of Sanitation Knowledge and the Unhygienic Environment– As of 2021 among 3.6 billion people, only 1.9 billion people are living with basic sanitation services and 494 million go for open defecation. Moreover, the population growth is also leading to higher demand for sanitation services, which is further anticipated to boost the market growth. The world population raised from about 1 billion in 1800 to 7.9 billion in 2019.

Challenges

• Lack of Proper Healthcare System in Low-Income Regions
• Less Awareness of the Diagnosis and Gastric Issues
• High Treatment Cost – When medical disorders that are indicated by higher lipase levels are treated, the costs might be significant, particularly if hospitalization, operation, or long-term medication is necessary. In 2019, one-fourth, about 26% of U.S. adults reported that they had a problem paying medical bills, 2018.