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The global creatinine measurement market is likely to boost due to the growing incidence of renal disorders, increased implementation of favorable government initiatives, and rapid increase in the aging population.

09-15-2021 08:33 AM CET | Health & Medicine

Press release from: Shingetsu Research

The global creatinine measurement market is likely to boost due

The global creatinine measurement market size was valued at USD 460.3 million in 2019 and projected to reach USD 772.17 million by 2027, growing at a CAGR of 9.06% during the forecast period, 2020-2027. It is due to the increasing prevalence of chronic kidney disorders and the growing geriatric population. Further, the growing awareness towards point-of-care renal functioning testing and the emergence of advanced monitoring technologies will augment the growth of the global creatinine measurement industry in the forecast periods. Additionally, the increasing population observed, the growing cases of renal disorders, and the rising number of government policies supporting the promotion of renal health is expected to foster global market growth. The increasing number of drug development initiatives and the increase in awareness & adoption of preventive healthcare approaches will bolster the global creatinine measurement market share in the coming years. Moreover, the government's interference in improving healthcare infrastructure and swelling investments in the R&D sector will stimulate the market share. Besides, the benefits of creatinine measurement to understand the condition of kidneys and the rise in the adoption of advanced diagnostic testing will accelerate the growth of the global creatinine measurement industry.

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Type Overview in the Global Creatinine Measurement Market

Based on the type, the global creatinine measurement market is segregated into Jaffe kinetic method and enzymatic method. The enzymatic method segment is estimated to witness the highest growth over the analysis timeframe. The enzymatic process exhibits more advantages than the Jaffe kinetic-based method: smaller sample volume (10μL) and free interference from substances such as glucose and bilirubin. Also, it gives reliable results although; the Jaffe method is less expensive than the enzymatic method but is also more susceptible to interferences.

Sample Type Overview in the Global Creatinine Measurement Market

The global creatinine measurement market is categorized into blood/serum and urine based on the sample type. The blood segment is held for a significant market share in 2019 and will gain maximum market revenue by 2027. It is attributable to the high choice because of the lower risk of contamination and extended accuracy.

End-user Overview in the Global Creatinine Measurement Market

Based on the end-user, the global creatinine measurement market is classified into hospitals and diagnostic laboratories. The hospitals are expected to be the highest revenue share for creatinine measurement during the forecast period. The segment's revenue is primarily attributed to the surge in hospitals using advanced diagnostic procedures and rising government focus on broader healthcare policies. In addition, the growing number of private hospitals in the developing countries and the large pool of cancer patient population visiting the hospitals for treatment & diagnosis drives the market growth.

Product Overview in the Global Creatinine Measurement Market

Based on the product, the global creatinine measurement market is segmented into reagents and kits. The kits segment will dominate the global creatinine measurement market by 2027. It is due to diagnostic laboratories' repetitious purchase of types of equipment and the rising adoption of kit-based testing.

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Region Overview in the Global Creatinine Measurement Market

By geography, the global creatinine measurement market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2020-2026. It is due to the growing incidence of CKD, the presence of key players, and the rising adoption of advanced diagnostic testing.

Global Creatinine Measurement Market: Competitive Landscape

Companies such as Abbott Laboratories, F. Hoffmann-la Roche Ltd, Siemens Healthineers, Danaher Corporation, Thermo Fisher Scientific, Diasys Diagnostic Systems GmbH, Pointe Scientific, Randox Laboratories, Dialab GmbH, Wako Pure Chemical Industries Ltd, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd are the key players in the global creatinine measurement market.

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