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Comprehensive Metabolic Panel (CMP) Testing Market 2023 Size, Key Development Trends And Forecast 2032
Metabolic Panel (CMP) Testing Market
The Business Research Company's Comprehensive Metabolic Panel (CMP) Testing Global Market Report 2023 identifies The increasing prevalence of cardiovascular diseases and diabetes as the major driver for the Comprehensive Metabolic Panel (CMP) Testing market's growth in the forecast period. Cardiovascular disorders affect the heart or blood vessels and are linked to atherosclerosis, the build-up of fatty deposits inside the arteries. Diabetes is a condition that develops when blood glucose levels are too high. Comprehensive metabolic panel (CMP) blood tests detect glucose levels. Thus, with the increasing cases of diabetes and cardiovascular diseases, the need for their diagnosis through blood tests such as the CMP blood test will support the market's growth. For instance, according to British Heart Foundation, in 2020, all heart and circulatory diseases was accounted at 168,319, up from 163,888.
The global comprehensive metabolic panel (CMP) testing market is expected to grow from $14.37 billion in 2022 to $15.61 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The comprehensive metabolic panel (CMP) testing market is expected to reach $21.25 billion in 2027 at a CAGR of 8%.
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Major competitors in the Comprehensive Metabolic Panel (CMP) Testing market are F Hoffmann-La Roche Ltd., Abbott Laboratories Inc., Siemens Healthineers AG, Mayo Clinic, Laboratory Corporation of America Holdings
A key trend in the Comprehensive Metabolic Panel (CMP) Testing market includes Technological advancements. Major companies operating in the comprehensive metabolic panel (CMP) testing market are developing new technologies to sustain their position in the market. For instance, in April 2022, HealthifyMe, an Indian-based wellness and fitness services company, launched HealthifyPro, a flagship fitness plan. The HealthifyPro plan's metabolic panel is based on a blood test that may measure more than 80 different factors.
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The Comprehensive Metabolic Panel (CMP) Testing market is segmented -
•By Disease: Kidney Disease, Liver Disease, Diabetes, Other Diseases
•By Test Type: Proteins, Electrolytes, Kidney Tests, Liver Functional Tests, Glucose
•By End User: Laboratories, Point Of Care (PoC)
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Comprehensive Metabolic Panel (CMP) Testing market.
The Business Research Company's "Global Comprehensive Metabolic Panel (CMP) Testing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Comprehensive Metabolic Panel (CMP) Testing Market Include:
1. Executive Summary
2. Comprehensive Metabolic Panel (CMP) Testing Market Characteristics
3. Comprehensive Metabolic Panel (CMP) Testing Market Trends And Strategies
4. Comprehensive Metabolic Panel (CMP) Testing Market - Macro Economic Scenario
5. Global Comprehensive Metabolic Panel (CMP) Testing Market Size and Growth
..........
32. Global Comprehensive Metabolic Panel (CMP) Testing Market Competitive Benchmarking
33. Global Comprehensive Metabolic Panel (CMP) Testing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Comprehensive Metabolic Panel (CMP) Testing Market
35. Comprehensive Metabolic Panel (CMP) Testing Market Future Outlook and Potential Analysis
36. Appendix
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