C-reactive Protein Testing Market Set for Rapid Growth and Trend by 2023 - Abaxis, Abbott, Danaher, Hoffmann-La Roche, Merck KGaA, Quest Diagnostics, Randox Lab, Siemens Healthineers

Marketprognosis.com Publish a New Market Research Report On “Global C-reactive Protein Testing Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global C-reactive Protein Testing Market:

The Global C-reactive Protein Testing Market is expected to register a CAGR of nearly 1.5% during the forecast period of 2019 - 2023.

C-reactive protein tests are blood tests, which measure the level of C-reactive protein and estimates if the person is suffering from heart attacks or strokes. This market is driven by the high research and development activities and rising burden of chronic and inflammatory diseases, globally. Based on the geographical regions, North America is a highly profitable region for many companies due to the well-established healthcare infrastructure, high adoption rate of new technologies in testing devices and increasing research and development activities, which is expected to maintain its largest share in this market for the estimated period.

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C-reactive protein is one of the common test parameters used to assess, diagnose, and prognose inflammatory diseases in clinical practice. The concomitant occurrence of multiple stimuli of inflammation and influence of factors other than inflammation like smoking, obesity, and physical stress, reduce the specificity of CRP. A regular standardization of measurement techniques and reporting improve the utility of CRP in routine clinical practice. CRP has multiple applications in vitro and in vivo development of potential new compounds for inflammatory diseases. Thus, in the forecast period, the rising prevalence of inflammatory disorders plays a vital role in driving this market.

The lack of public awareness regarding CRP testing is one of the primary hindrances for the C-reactive testing market. According to a published article of 2016 in Journal of Medicine, Radiology, Pathology & Surgery, in emerging countries such as India, more than 50% of population suffering from diabetes is unaware of the blood tests including CRP tests, for the early diagnosis of diabetes. This also includes the lack of awareness for these tests among clinicians and physicians along with a poor confidence in the usefulness of these tests especially in the emerging markets such as South Asian and African countries.

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The United States is one of the primary markets for critical care diagnostics, and it is expected to dominate the market in the forecast period due to the presence of established multinational players such as Lab Corp with multiple manufacturing plants, technological advancements, and well-established healthcare infrastructure. As per the various investigational studies conducted by the National Cancer Institute and the American Association for Cancer Research, showed elevated CRP levels for lungs cancers and colorectal cancer mortality, attracting many companies for investing in the research and development in CRP tests, raising its demand for treatment as well as early diagnosis of the diseases in the United States.

Major Key Players:

1 Abaxis

2 Abbott

3 Danaher

4 Hoffmann-La Roche Ltd

5 Laboratory Corporation of America Holdings

6 Merck KGaA

7 Quest Diagnostics

8 Randox Laboratories Ltd

9 Siemens Healthineers

10 Thermo Fisher Scientific, Inc.

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of C-reactive Protein Testing Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.