Showing posts with label Creatinine test Market. Show all posts
Showing posts with label Creatinine test Market. Show all posts

Thursday 28 May 2020

Creatinine Test Market share 2019 is Expected to Surge with 5.80% CAGR by 2023, Covering Major Applications, Product types, Key players, Focused Regions, Forecasting

Creatinine Test Market Insights 
Market Research Future has assessed that the growth of the global creatinine test market is expected to register at a CAGR of 5.8% during the assessment period of 2018 to 2023. This moderate yet steady rate of growth is expected to yield a market value of USD 604.55 Mn by the end of 2023. Creatinine tests are a range of tests that are performed to ascertain creatinine levels in the blood. Creatinine itself is a waste product from the breakdown of creatine which is consistently found in the body as a part of normal function. High levels indicate kidney failure. 
The high prevalence of chronic kidney diseases due to poor urban lifestyles is expected to drive the global creatinine test market. Moreover, market players are actively advancing existing technology for kidney function testing. As a result, creatinine tests are increasingly accurate, thus driving the market. The alarming increase in kidney diseases has prompted government bodies to take initiatives in encouraging creatinine tests so as to control the growth of chronic kidney diseases. The rising approval from the FDA for creatinine tests is expected to drive the market toward new opportunities for growth. Meanwhile, the false estimates that creatinine testing sometimes provides is expected to hinder market growth over the forecasted period.
Market Segmentation
The global creatinine test market has been segmented based on test type, product type, application, and end use. By test type, the global creatinine test market has been segmented into urine test, creatinine clearance test, and blood test. The blood test segment is expected to exhibit high growth over the forecast period due to the growing preference for blood tests to measure creatinine levels over other tests. The segment was valued at USD 211.83 Mn in 2016 and is expected to expand at a CAGR of 5.32% over the forecast period. The urine test segment is expected to exhibit significant growth over the forecast period on account of advances in urine test strips which facilitate accurate diagnosis of kidney disorders. 
By product type, the global creatinine test market has been segmented into consumables and instruments. The consumables segment is the largest segment while the instruments segment is expected to be the fastest growing segment over the forecast period. The instruments segment is expected to exhibit a CAGR of 6% over the forecast period. 
By application, the global creatinine test market has been segmented into kidney cancer, renal failure, glomerulonephritis, urinary tract obstruction, and others. The urinary tract obstruction segment is anticipated to expand at a CAGR of 5.10% over the forecast period. 
By end-use, the global creatinine test market has been segmented into research institutes, diagnostic centers, hospitals and clinics, and others. The diagnostic center's segment is expected to exhibit a CAGR of 6.34% over the forecast period.
Regional Analysis
Regions in the global creatinine market have been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA). 
The Americas account for the lion's share of the global creatinine test market. A strong presence of healthcare industry leaders, extended healthcare budget, improving reimbursement scenario and surging prevalence of kidney disorders in the region favors the growth of the market. 
Europe market is expected to register a CAGR of 6.12% over the forecast period. Change in healthcare policies, the presence of sophisticated healthcare infrastructure, and rapid adoption of advanced diagnostic methods spur the growth of the Europe market. APAC is another significant market for creatinine test. APAC and Europe collectively account for 51% share of the global market. The APAC creatinine test market is catalyzed by a large patient pool, brisk adoption of the latest diagnostic methods, and improving healthcare infrastructure in the region.
Key Players
The remarkable players in the global creatinine test market include URIT Medical, Thermo Fisher Scientific, Inc., OPTI Medical Systems, Siemens AG, Abbott, Abcam plc, ARKRAY, Inc., F. Hoffmann-La Roche AG, ACON Laboratories, Inc., Quest Diagnostics, Nova Biomedical, The Danaher Corporation, and others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market p3layers for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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Thursday 12 December 2019

Creatinine test Market : Latest Innovations, Drivers, Restraints, Challenges and Key Events in the industry by 2023

The global creatinine test market size is set to balloon till 2023 owing to rising incidence of chronic kidney disease (CKD) and technological advances witnessed in various diagnostic test kits. Market Research Future (MRFR)’s latest study reveals that the market is predicted to grow at a 5.8% CAGR during the forecast period (2018–2023). Government initiatives undertaken to create awareness of CKD among patients is expected to positively impact the market. Product launches by new and existing players to expedite the speed and accuracy of these tests can offer new growth opportunities for the market.


Increased emphasis on quality healthcare is anticipated to increase the healthcare budget of various nations, which in turn could bolster market demand for creatinine tests. According to a report by the National Center for Chronic Disease and Prevention, nearly 30 million U.S. residents were afflicted with CKD in 2017. This disease was more commonly seen in women more than men. Technologically advanced creatinine tests can help in lowering these numbers considerably. Advances in point-of-care diagnostics facilitated by automated analyzers, increasing diabetic populace, and presence of various public and private healthcare organizations providing support for CKD management can open up new avenues for the market.
Global Market for Creatinine Tests – Segmental Analysis
MRFR’s report offers a detailed segmental analysis of the market based on test type, product type, application, end-user, and region. By type, the market has been segmented into blood test, urine test, and creatinine clearance test. The blood test segment accounted for a large market share owing to preference of blood tests to measure creatinine levels in the Americas. It is expected to be lucrative for the market over the forecast period.
By product type, the market is segmented into consumables and instruments. Consumables are further segmented into cartridges, urine test strips, and others. Similarly, instruments are further segmented into clinical analyzers and others. Clinical analyzers are segmented into benchtop and handheld. The consumables segment is projected to register a 5.71% CAGR during the forecast period, as tools such as urine test strips can provide an accurate assessment of a patient’s urine level.
Major market applications include renal failure, kidney cancer, glomerulonephritis, urinary tract obstruction, and others. The urinary tract obstruction application segment is touted to capture a lion’s share of the creatinine test market by the end of the forecast period owing to the urinary tract being the most common area for blockage. The renal failure segment is expected to grow at a 6.26% CAGR over the forecast period.
End-users covered in the report include research institutes, diagnostic centers, hospitals & clinics, and others. The hospitals and clinics segment is expected to contribute to the market owing to rise in healthcare budgets of various nations.
Regional Outlook
The creatinine test market, on the basis of region, is segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA). The Americas region accounted for a large share of the market in 2017. It will continue to dominate the market due to presence of sophisticated healthcare infrastructure, adoption of latest diagnostic tests, and incidence of CKD. Presence of various leaders of the healthcare industry coupled with a massive healthcare budget is expected to facilitate market growth. Favorable reimbursement policies can also influence patients in taking these tests to catch kidney related disorders at a preventive stage.
APAC and Europe collectively accounted for 51% market share. The APAC creatinine test market is driven by the large patient pool, rapidly improving healthcare infrastructure, and adoption of latest customer-centric healthcare models.
Global Market for Creatinine Test – Competitive Dashboard
Some of the key players profiled in the market report include Abbott, URIT Medical, Nova Biomedical, Siemens AG, ARKRAY, Inc., The Danaher Corporation, F. Hoffmann-La Roche AG, ACON Laboratories, Inc., Thermo Fisher Scientific, Inc., Quest Diagnostics, Abcam plc, OPTI Medical Systems, and others. Acquisitions, collaborations, and launch of new products are strategies employed by these players to acquire a larger market share. Approvals of new creatinine tests by respective regulatory agencies of various nations are expected to propel the market to new heights.


About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
 Contact:
Market Research Future
+1 646 845 9312
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