According to The Insight Partners market research study of Creatinine Measurement Market to 2027 - Global Analysis and Forecasts by Product, Type, Sample Type, and End User.
According to The Insight Partners market research study of Creatinine Measurement Market to 2027 - Global Analysis and Forecasts by Product, Type, Sample Type, and End User. The global creatinine measurement market is expected to reach US$ 705.96 Mn in 2027 from US$ 384.69 Mn in 2019. The market is estimated to grow with a CAGR of 8.0% from 2020-2027. The report provides trends prevailing in the global creatinine measurement market and the factors driving market along with those that act as hindrances.
Creatinine measurement tests are performed with an aim to analyze functioning of kidneys. These tests can offer comprehensive information about level of chronic kidney disease and risk of renal failure. Furthermore, higher levels of creatinine in the blood are attributed to kidney obstruction, dehydration, increased consumption of proteins, and excessive consumption of medications. The global creatinine measurement market is driven by factors such as increasing prevalence of chronic kidney disorders coupled, benefits of creatinine measurement to understand the condition of kidneys. However, gradual shift toward novel biomarkers is likely to obstruct the growth of the creatinine measurement market during the forecast period.
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Creatinine Measurement Market Competitive Landscape and Key Development
Leading companies operating in the creatinine measurement market are Siemens Healthcare Gmbh, Abbott, Cayman Chemical, Thermo Fisher Scientific Inc., Fujifilm Wako Pure Chemical Corporation, Randox Laboratories Ltd, F. Hoffmann-La Roche Ltd, Danaher (Beckman Coulter), Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Maccura Biotechnology Co., Ltd, Diazyme Laboratories, Inc., Dialab GMBH, Beijing Jiuqiang Biotechnology Co., Ltd. Beijing Leadman Biochemistry, Fosun Pharmaceutical among others.
The creatinine measurement Market for is expected to grow, owing to factors such as increasing prevalence of chronic kidney disorders and growing prevalence of CKD among the geriatric population is projected to drive the demand for creatinine measurement. Moreover, emerging markets in developing countries is likely to have a positive impact on the growth of the market in coming years.
Growing Geriatric Population
According to the study published by the World Health Organization (WHO), the population aged 60 years or above was 900 million in 2015 and is expected to rise to 2 billion by 2050. Moreover, according to the estimates, 80.0% of the older population will be living in emerging countries in 2050. This substantial growth in geriatric population generates demand for highly developed healthcare infrastructure with improved abilities and advanced diagnostic systems. According to a report of the United Nations (2017), the size of elderly population is expected to grow significantly in Africa, followed by North America, Latin America and the Caribbean, and Asia Pacific by 2050. The aging population is vastly vulnerable for chronic kidney conditions.
For instance, according to the research conducted by the American Diabetes Association in 2017, an estimated one-third of adult population in the US over age 65 had diabetes. Moreover, according to the study conducted by a team of researchers at the University of Catania, Italy, in 2019, the prevalence of diabetes among patients above 60 years old was 123 million in 2017, which is expected to double by 2045 across the world
Moreover, according to a study published on NCBI in 2015, the prevalence of CKD in the US adult population who are aged 60 years and above was estimated 39.4%. This prevalence was highly attributed to the prevalence of hypertension, diabetes, and cardiovascular diseases.
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Creatinine Measurement Market: Segmental Overview
Based on sample type, the creatinine measurement market is segmented into blood or serum and urine. The blood or serum segment held the largest share of the market in 2019 because blood creatinine levels are measured as a test of kidney function and in case of kidney impairment, the creatinine levels in blood increase as a result of poor removal of this substance by kidneys. The market for blood or serum is expected to grow during the forecast period. Moreover, the same segment is estimated to register the highest CAGR in the market during the forecast period.
The creatinine measurement market, by product, is segmented into kits and reagent. In 2019, the reagent accounted for the largest market share in the global creatinine measurement market by product owing to the low cost and easy accessibility of reagents as compared to the commercially available kits, the market for reagents is estimated to grow during the forecast period.
Global Creatinine Measurement Market – By Product
- Reagents
- Kits
Global Creatinine Measurement Market – By Type
- Jaffe’s Kinetic Method
- Enzymatic Method
Global Creatinine Measurement Market – By Sample Type
- Blood or Plasma
- Urine
Global Creatinine Measurement Market – By End User
- Hospitals
- Diagnostic Laboratories
- Others
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