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Albumin & Creatinine Tests Industry Is Estimated To Expand at a CAGR of 14.7% by 2031 | Abbexa Ltd., ACON Laboratories, Inc., Arbor Assays Inc., ARKRAY Global Business Inc

05-02-2023 07:41 AM CET | Health & Medicine

Press release from: Global Insight Services

Albumin & Creatinine Tests Market

Albumin & Creatinine Tests Market

Global Albumin & Creatinine Tests Market is expected to reach $3.6 bn by 2031 growing at a CAGR of 14.7% between 2021 and 2031.

The urine albumin to creatinine ratio test is a common way to screen for high levels of albumin, which is known as albuminuria. This screening is most often done on people who have a greater risk of kidney disease comprising people with diabetes, high blood pressure, or a family history of kidney problems. Screening may also be recommended in older adults and people in some racial and ethnic groups. Screening for kidney disease may combine a urine albumin test with another kidney function test, known as an estimated glomerular filtration rate (eGFR) test, that assesses how well the kidneys are filtering the blood.

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Market Drivers

Rising prevalence of kidney disorders

Kidney disease is one of the major causes of death worldwide. Such cases-comprising multiple kidney treatments-require the continuous monitoring of components such as creatinine and albumin and their ratios, for which multiple urine analysis products and techniques are utilized. Urine analysis has extensive applications in the diagnosis and management of kidney diseases. Biochemical urine analysis enables clinicians to assess the level of chemical compounds (such as creatinine, urobilinogen, bilirubin, glucose) in the urine. Atypical levels of these compounds in the urine indicate chronic kidney diseases, acute kidney injuries, and acute renal failure. So, the growing incidence of kidney diseases will be the primary growth driver for this market, as it will ensure sustained demand for albumin and creatinine tests.

Market Opportunity

Integrated and automated systems for overall urine analysis

The combination of automated urine sediment and urine biochemical analysis in one system allows rapid and easy urine analysis. Currently, standalone automated urine sediment analyzers help standardize sediment & biochemical analysis with minimum operator interference and enable the fast analysis of urine samples. Such integrated systems have a high potential in the automated devices market and can help large hospitals and diagnostic labs to manage their workloads ecologically. Owing to that, this area has been identified as an opportunity in the market.

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Market Segments

By Product

• Dipsticks & Kits
• Analyzers
• Cartridges
• Cartridges for POC Analyzers
• Cartridges for Table-Top Analyzer
• Reagents & Other Consumables

Market Players of Global Albumin & Creatinine Tests Market

The key players in the global albumin & creatinine tests market are Thermo Fisher Scientific, Inc., Roche Diagnostics, PromoCell GmbH, Abbott Laboratories, Siemens Healthineers, Danaher Corporation, Sysmex Corporation, Ortho Clinical Diagnostics, Randox Laboratories, FUJIFILM Wako Pure Chemical Corporation, Abbexa Ltd., ACON Laboratories, Inc., Arbor Assays Inc., ARKRAY Global Business Inc., Aviva Systems Biology, Axxora, LLC, BioAssay Systems, Nova Biomedical, Quantimetrix Corporation, RayBiotech Inc., Sekisui Diagnostics PEI Inc., Teco Diagnostics, Tulip Diagnostics, ulti med Products GmbH, and URIT Medical Electronic Co., Ltd. among others.

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Reasons to buy Albumin & Creatinine Tests Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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Contact Us:

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Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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