ID: MRFR/LS/3449-CR | 188 Pages | Published By Rahul Gotadki on July 2019
The Creatinine test market is projected to grow at a CAGR of 8.7% to reach USD 2.5 Billion during forecast period 2022-2030
$2.5 Billion
15.8%
Asia Pacific
2022-2030
The global creatinine test market size is expected to reach USD 2.5 Billion million by 2030 and projected to grow at a compound annual growth rate of 15.8% between 2022 and 2030. An increasing number of people suffering from renal diseases is likely to fuel the market's revenue growth in the coming years. Growing elderly populations, medical technology advances, and government spending on healthcare to combat the development of renal disorders are all contributing to the market's revenue growth.
Kidney-related illnesses have increased rapidly in recent years, necessitating different renal therapies. Patients with renal problems must constantly monitor their urine creatinine and albumin levels and ratios. When it comes to kidney disease diagnosis and treatment, many urine testing practices and techniques are being used. It is also possible to do biochemical urine analysis, which measures the concentration of chemical substances in the urine. Abnormally high levels of such substances may indicate abrupt kidney injury or kidney problems. As a result, the Creatinine Test Market outlook is expected to grow rapidly over the next several years.
This report contains all the information on the global creatinine test market analysis and the market strengths. In addition, the report also includes the culmination of dynamics, segmentation, key players, regional analysis, and other essential factors. And a detailed analysis of the global creatinine test market forecast for 2030 is also included in the report.
Creatinine Test Market Covid 19 Analysis
The emergence of COVID-19 has impacted a broad range of sectors throughout the globe. Governments have adopted pandemic control measures throughout the globe to slow the spread of the disease as quickly as possible. During the early phases of the pandemic, industrial facilities all around the globe were forced to shut down their operations. As a result, a major lag in the commercial launch of the electronics sector might result from the subsequent financial downturn.
Creatinine Test Market Dynamic
Drivers
The creatinine testing market’s methods and processes is growing due to increased demand. The desire for quick creatinine testing techniques is being driven by the increased frequency of diabetes and the rising prevalence of kidney cancer patients, glomerulonephritis, and renal failures, among other conditions that severely impact kidneys. An organic residual waste known as creatinine is created by the degradation of the oxalic compound known as creatine, abundant in muscle tissue. Clinical labs employ creatinine in GFR and BUN tests to assess a patient's overall health and renal function.
Opportunities
This market will continue to develop as the world's aging population increases the risk of chronic kidney disease. Government policies to encourage kidney health are also helping to push the industry forward, as are new monitoring techniques and technological advancements in the kidney function testing. Rapid creatinine measurement devices at the point of care are one such potential technical innovation. This helps to eliminate the need for highly skilled analytical experts to carry out complex monitoring procedures.
Restraints
Creatinine measurement methods lack predictive ability, and health providers' changing priorities toward innovative approaches, such as the discovery of renal failure biomarkers, are projected to restrain market expansion.
Challenges
Companies of all sizes, from micro-startups to large multinationals, rely heavily on small and medium-sized businesses for the majority of their income. Industry actors were confronted with several issues in light of supply chain interruptions. Things are expected to become better in the 2nd half of the year 2022 due to more supply coming online.
Cumulative Growth Analysis
Creatinine testing is a major industry in the United States. According to industry analysts, creatinine testing sales in the United States are expected to remain dominant in the worldwide market through 2022-2030. The creatinine test market share in the United States has grown rapidly in recent years, and it is expected to dominate the North American market over the projected period. The growing elderly populations in the United States and Canada pose a greater risk of developing diabetes, pressure, and consequent renal illnesses such as acute kidney illnesses and renal failure. This demographic shift is expected to increase the need for creatinine testing in both countries.
Value Chain Analysis
The creatinine test market has been divided into test types, product types, applications, and end-users. The market has been divided into three sections based on blood tests, urine tests, and creatinine tests. Commodities and instruments make up the bulk of the industry. Reproductive tract obstruction, renal failure, and glomerulonephritis make up different market segments for these drugs. Hospitals and clinics, diagnostic centers, and research institutions make up the majority of the market.
Because of improved hospital infrastructure, increased accessibility, and an abundance of modern diagnostic services and highly trained medical staff, hospitals and clinics will have a commanding revenue share in worldwide markets by 2020. By 2020, blood tests are expected to have the greatest share of the worldwide market in terms of revenue. Rapid and easy blood testing procedures are fueling this segment's sales development.
Creatinine Test Market Segmentation Overview
The market is segmented based on test types, product types, applications, and end-users. As a result, global creatinine test market trends are expected to witness decent growth during the forecast period.
By Application
The market is segmented into Urinary Tract Obstruction, Renal Failure, Kidney Cancer, and Glomerulonephritis.
By end-users
The market is segmented into hospitals & Clinics, Diagnostic Centers, and Research Institutes based on the propulsion types.
Creatinine Test Market Regional Analysis
The global creatinine tests market has been segmented into the following four groups: the Americas, Europe, Asia-Pacific, and the Middle East and Africa.Â
The creatinine test industry is forecast to be dominated by the Americas during the projected period. This may be linked to an increase in the number of renal disorders, improved technology, higher costs of healthcare, and the existence of major competitors in the industry. Europe is the 2nd largest market for creatinine after the United States. Increasing government backing, growing healthcare costs, and advanced technology contribute to the market's growth.
Since there is a large patient population in Asia-Pacific, early diagnosis is becoming more important and technological advancements. The administration's efforts to combat kidney problems are also helping to fuel the market's expansion. In 2016, China had a 22.6% share of the global market. There are many impoverished and slow-developing nations in the Middle East and Africa area, which is projected to limit the industry's share in the Middle East & Africa.
Competitive landscape
Agreements, new product introductions, and mergers, amongst other techniques, are some of the most prominent methods these companies are using to extend their influence in the worldwide market. They are developing kits and reagents for creatinine detection and new methods for detecting the molecule.
Major Key Players
Report Overview
Recent Developments
Market Segmentation
Blood Test
Urine Test
Creatinine Clearance Test
Consumables
Instruments
Urinary Tract Obstruction
Renal Failure
Kidney Cancer
Glomerulonephritis
Hospital & Clinics
Diagnostic Centre
Research Institutes
North America
US
Canada
South America
Western Europe
Germany
UK
Italy
Spain
Rest of Western Europe
Eastern Europe
China
Japan
India
Australia
Republic of Korea
Middle East
Africa
Creatinine test market projected to grow at approximately 15.80% CAGR during the assessment period (2022-2030).
The valuation of the global creatinine test market is estimated to increase to USD 2.5 BN by the end of 2030.
Increasing demand for diagnosis of kidney disease and rising healthcare expenses are major tailwinds pushing the growth of the global creatinine test market.
North America holds the largest share in the global creatinine test market, followed by Europe and the Asia Pacific, respectively.
Merck (U.S.), Quest Diagnostics (U.S.), Sonic Healthcare (Australia), Beckman Coulter (U.S.), Bayer (U.S.), Laboratory Corporation of America Holdings (U.S.), Healthscope (Australia), Genoptix (U.S.), Labco (Kuwait), OPKO Health, Inc. (U.S.), Charles River (U.S.), and Abbott (U.S.), are some of the top players operating in the global creatinine test market.