Global Total Iron Binding Capacity Reagents Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Total Iron Binding Capacity (TIBC) reagents are a set of chemical substances or solutions used in laboratory tests to measure the capacity of a person's blood to bind iron. TIBC is a medical test that helps evaluate a person's iron status and is often performed in conjunction with other iron-related tests. TIBC reagents typically include a combination of chemicals and buffers that create a standardized environment for measuring iron binding. These reagents are designed to react specifically with iron in the blood samples and form complexes that can be measured and quantified. The Total Iron Binding Capacity Reagents market is expanding because of factors such as rising patient pool suffering from iron deficiency and increasing research and development activities.
Total iron-binding capacity reagent markets have been expanding as to the increasing frequency of iron deficiency anemia, as these tests are used to diagnose the disorders. Due to the monthly cycle, iron deficiency anemia is a common condition in women, which drives up demand for TIBC reagents. For instance, the National Family Health Survey in year 2019-21, found that the prevalence of anemia was 25.0% in men (15-49 years) and 57.0% in women (15-49 years), 31.1% in adolescent boys (15-19 years), 59.1% in adolescent girls, 52.2% in pregnant women (15-49 years), and 67.1% in children (6-59 months). Therefore, accurate diagnosis is necessary to address the population's growing iron deficiency anaemia burden, resulting in market growth. Furthermore, rising investment for research and development activities is further catering the market growth. For instance, it is anticipated that the National Institutes of Health would devote $20 million to the investigation and advancement of Cooley's anaemia in 2023. In addition, increase in healthcare expenditure, rising government support for research and development activities is creating lucrative opportunity to the market. However, the limited product availability and time-consuming nature of the TIBC assays. stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Total Iron Binding Capacity Reagents Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players, rising research and development activities and the region's increasing disease prevalence. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for product development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
Major market player included in this report are:
- Randox Laboratories Ltd
- Biosystems SA
- Merck KGaA
- Sekisui Diagnostics LLC
- Abcam plc.
- Thermo Fisher Scientific
- DiaSys Diagnostic Systems GmbH
- Siemens Healthineers
- Q-Line Biotech Pvt. Ltd
- Anamol Laboratories Pvt. Ltd
Recent Developments in the Market:
- In December 2022, The Federation of Obstetrics and Gynaecological Societies of India (FOGSI) started a campaign to educate Indian women about holistic health, including the avoidance of anaemia.
- In August 2021, ELITechGroup Clinical System announced the availability of the Direct TIBC reagent to complete the standard clinical chemistry iron studies panel. The innovative Direct TIBC has the advantage that it can be fully automated on ELITechGroup Selectra equipment, in contrast to indirect-TIBC procedures, which call for a physical separation phase to remove unbound iron. The new technique has a broad dynamic range, is CE-marked (IVDR), and is calibrated using Elical 2 (traceable to ERMDA470K and Transferrin). Additionally, it is packaged in Selectra System Packaging, a liquid stable, ready-to-use container.
Global Total Iron Binding Capacity Reagents Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Disease Type, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Disease Type:
- Iron Deficiency Anemia
- Iron Deficiency in Late Pregnancy
- Others
By End User:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Total Iron Binding Capacity Reagents Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Total Iron Binding Capacity Reagents Market, by Disease Type, 2020-2030 (USD Billion)
- 1.2.3. Total Iron Binding Capacity Reagents Market, by End User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Total Iron Binding Capacity Reagents Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Total Iron Binding Capacity Reagents Market Dynamics
- 3.1. Total Iron Binding Capacity Reagents Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising patient pool suffering from iron deficiency
- 3.1.1.2. Increasing investment for research and development activities.
- 3.1.2. Market Challenges
- 3.1.2.1. Limited product availability
- 3.1.2.2. Time-consuming nature of the TIBC assays
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising healthcare expenditure
- 3.1.3.2. Rising government support for research and development activities
Chapter 4. Global Total Iron Binding Capacity Reagents Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Total Iron Binding Capacity Reagents Market, by Disease Type
- 5.1. Market Snapshot
- 5.2. Global Total Iron Binding Capacity Reagents Market by Disease Type, Performance - Potential Analysis
- 5.3. Global Total Iron Binding Capacity Reagents Market Estimates & Forecasts by Disease Type 2020-2030 (USD Billion)
- 5.4. Total Iron Binding Capacity Reagents Market, Sub Segment Analysis
- 5.4.1. Iron Deficiency Anemia
- 5.4.2. Iron Deficiency in Late Pregnancy
- 5.4.3. Others
Chapter 6. Global Total Iron Binding Capacity Reagents Market, by End User
- 6.1. Market Snapshot
- 6.2. Global Total Iron Binding Capacity Reagents Market by End User, Performance - Potential Analysis
- 6.3. Global Total Iron Binding Capacity Reagents Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 6.4. Total Iron Binding Capacity Reagents Market, Sub Segment Analysis
- 6.4.1. Hospitals
- 6.4.2. Clinics
- 6.4.3. Others
Chapter 7. Global Total Iron Binding Capacity Reagents Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Total Iron Binding Capacity Reagents Market, Regional Market Snapshot
- 7.4. North America Total Iron Binding Capacity Reagents Market
- 7.4.1. U.S. Total Iron Binding Capacity Reagents Market
- 7.4.1.1. Disease Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. End User breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Total Iron Binding Capacity Reagents Market
- 7.5. Europe Total Iron Binding Capacity Reagents Market Snapshot
- 7.5.1. U.K. Total Iron Binding Capacity Reagents Market
- 7.5.2. Germany Total Iron Binding Capacity Reagents Market
- 7.5.3. France Total Iron Binding Capacity Reagents Market
- 7.5.4. Spain Total Iron Binding Capacity Reagents Market
- 7.5.5. Italy Total Iron Binding Capacity Reagents Market
- 7.5.6. Rest of Europe Total Iron Binding Capacity Reagents Market
- 7.6. Asia-Pacific Total Iron Binding Capacity Reagents Market Snapshot
- 7.6.1. China Total Iron Binding Capacity Reagents Market
- 7.6.2. India Total Iron Binding Capacity Reagents Market
- 7.6.3. Japan Total Iron Binding Capacity Reagents Market
- 7.6.4. Australia Total Iron Binding Capacity Reagents Market
- 7.6.5. South Korea Total Iron Binding Capacity Reagents Market
- 7.6.6. Rest of Asia Pacific Total Iron Binding Capacity Reagents Market
- 7.7. Latin America Total Iron Binding Capacity Reagents Market Snapshot
- 7.7.1. Brazil Total Iron Binding Capacity Reagents Market
- 7.7.2. Mexico Total Iron Binding Capacity Reagents Market
- 7.8. Middle East & Africa Total Iron Binding Capacity Reagents Market
- 7.8.1. Saudi Arabia Total Iron Binding Capacity Reagents Market
- 7.8.2. South Africa Total Iron Binding Capacity Reagents Market
- 7.8.3. Rest of Middle East & Africa Total Iron Binding Capacity Reagents Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Randox Laboratories Ltd
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Biosystems SA
- 8.3.3. Merck KGaA
- 8.3.4. Sekisui Diagnostics LLC
- 8.3.5. Abcam plc.
- 8.3.6. Thermo Fisher Scientific
- 8.3.7. DiaSys Diagnostic Systems GmbH
- 8.3.8. Siemens Healthineers
- 8.3.9. Q-Line Biotech Pvt. Ltd
- 8.3.10. Anamol Laboratories Pvt. Ltd
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption