Creatinine Test Market Detailed Analysis and Growth Strategies,...

Creatinine Test Market Detailed Analysis and Growth Strategies, Regional Forecast 2028

Posted 2023-12-19 07:28:25

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Market Summary: The global creatinine test market demonstrated significant strength in 2020, and it is anticipated to maintain a stable revenue Compound Annual Growth Rate (CAGR) throughout the forecast period. The primary driver of market revenue growth is the increasing prevalence of kidney disorders. Additionally, factors such as a growing elderly population, advancements in healthcare technology, and heightened government healthcare expenditure to combat kidney diseases are contributing to the market's revenue growth.

Companies profiled in the market report: Major companies in the global creatinine test market are expanding their operations and focusing on innovative strategies, including mergers, acquisitions, partnerships, and new product development, to maintain a competitive edge and generate more lucrative revenue opportunities.

Key companies in this market include Abbott Laboratories, Abcam Plc, Acon Laboratories, Inc., Nova Biomedical Corporation, Quest Diagnostic, Siemens AG, Thermo Fisher Scientific, Inc., Roche, and Danaher Corporation.

Market Dynamics: Drivers: The market is thriving due to the rising demand for rapid diagnostic techniques and procedures for measuring creatinine levels in blood and urine. The increasing incidence of diabetes, which negatively affects the kidneys, a rise in chronic kidney disorders among the aging demographic, and an increasing number of patients with kidney-related conditions like cancer, Glomerulonephritis, and renal failures are all fueling the demand for swift diagnostic methods to measure creatinine levels. Creatinine, an endogenous waste product formed during the breakdown of creatine in muscles, is employed by clinical laboratories to assess Glomerular Filtration Rate (GFR) and Blood Urea Nitrogen (BUN), which determine health and kidney function.

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Kidney disorders, especially Chronic Kidney Disease (CKD), are among the leading global causes of death. Early diagnosis and effective treatment can help prevent complications. Major market players are concentrating on scaling up production to meet the growing demand for high-quality products. Furthermore, ongoing research activities in this field are bolstering the global market's growth.

Restraints: High costs and a lack of awareness regarding creatinine testing methods may slightly impede the growth of the global creatinine tests market in the future.

Market Insights: Test Type Outlook: In 2020, the blood test segment dominated the global market among the test type segments, mainly due to the increasing demand for and adoption of rapid and convenient blood testing methods, which is driving revenue growth in this segment.

Product Outlook: The consumable segment is expected to exhibit the highest revenue CAGR during the forecast period. This is attributed to the growing use of consumables such as urine test strips, measurement kits, dipsticks, analyzers, cartridges, and reagents, among others, for creatinine testing.

Application Outlook: In 2020, the urinary tract obstruction segment held the largest revenue share among the application segments in the global market.

End-Use Outlook: Hospitals and clinics accounted for the largest revenue share among the end-use segments in the global market in 2020. This is due to their easy accessibility, improved hospital infrastructure, availability of advanced diagnostic services, and a skilled workforce.

Region Outlook: North America is expected to capture a substantial portion of revenue during the forecast period. The growth is attributed to the increasing incidence of renal failure, chronic kidney diseases, technological advancements in creatinine testing methods, and enhanced healthcare infrastructure in the region. Favorable reimbursement policies further bolster market growth. In 2020, the Asia Pacific market demonstrated rapid revenue growth, driven by major players implementing strategies to expand their geographic reach and revenue opportunities. Increased awareness of creatinine testing methods, a rising elderly population with chronic diseases such as diabetes and kidney disorders, and heightened R&D activities in the healthcare sector are other significant factors contributing to market growth in the Asia Pacific region.

The global creatinine test market report is segmented by test type, product, application, end-use, and region as follows:

Test Type Outlook (Revenue, USD Million; 2018 – 2028):

Blood Test
Urine Test
Others

Product Outlook (Revenue, USD Million; 2018 – 2028):

Consumables
Instruments

Application Outlook (Revenue, USD Million; 2018 – 2028):

Urinary Tract Obstruction
Renal Failure
Kidney Cancer
Glomerulonephritis
Others

End-Use Outlook (Revenue, USD Million; 2018 – 2028):

Hospitals and Clinics
Diagnostic Centre
Research Institutes

Region Outlook (Revenue, USD Million; 2018 – 2028):

North America (US, Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, Benelux, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)

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