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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.
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.
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.
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):
Product Outlook (Revenue, USD Million; 2018 – 2028):
Application Outlook (Revenue, USD Million; 2018 – 2028):
End-Use Outlook (Revenue, USD Million; 2018 – 2028):
Region Outlook (Revenue, USD Million; 2018 – 2028):
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