SGOT Test Market Scope
The SGOT test is a blood test used to evaluate the liver. It measures serum glutamic-oxaloacetic transaminase, one of two liver enzymes. This enzyme is commonly referred to as AST, which stands for aspartate aminotransferase. An SGOT (or AST) test determines the amount of the liver enzyme in the blood. A SGOT test may be used to assist a doctor in diagnosing liver damage or disease. When liver cells are damaged, SGOT leaks into the bloodstream, increasing the level of this enzyme in the blood. The test may be used to assess liver health in people who are already known to have liver-related conditions, such as hepatitis C. SGOT can be found in many parts of the body, including the kidneys, muscles, and liver.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global SGOT Test market throughout the predicted period.
Alpha Laboratories (United Kingdom), Biobase Group (China), ELITechGroup (United States), Roche Diagnostics (United States), Randox Laboratories Ltd (United Kingdom), Abbott Laboratories (United States), AbbVie (United States), Portea Medical (India) and Thermo Fisher Scientific Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are TRUTEST Laboratories. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global SGOT Test market by Type (Instruments and Kits and Reagents), by Application (Hospitals, Specialty Clinics and Ambulatory Surgical Centre) and Region with country level break-up.
On the basis of geography, the market of SGOT Test has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 1 March 2022, AbbVie announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. The mechanism is currently being evaluated for the potential treatment of cognitive impairment and other symptoms associated with a range of neuropsychiatric and neurodegenerative disorders, such as Alzheimer's disease and major depressive disorder.
Market Trend
- Increased Research And Development SGOT Testing Investments
Market Drivers
- Rising Prevalence Of Liver Disease
- High Growth In Geriatric Population
Opportunities
- Increasing Opportunities From Developing Regions
- Growth In The Healthcare Industry Worldwide
Restraints
- Lack Of Awareness Associated With SGOT Testing
Challenges
- Lack Of Trained Professional To Perform Proper Tests
- High Cost Associated With SGOT Testing Instruments
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others