Press release
C-reactive Protein Testing Market Expected to Reach $4.0 Billion by 2031
C-reactive Protein Testing
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Key Factors Driving Market Growth
The global CRP testing market is expected to experience substantial growth due to several key factors:
Rise in Prevalence of Chronic Diseases: The increasing prevalence of chronic diseases such as cardiovascular diseases, cancer, and autoimmune diseases is driving the demand for CRP testing for diagnosis and management. Elevated CRP levels are associated with inflammation, making CRP testing a valuable tool in assessing disease severity and monitoring treatment effectiveness.
Advances in Technology: Technological advancements, including the development of high-sensitivity CRP assays and point-of-care CRP testing devices, are providing lucrative opportunities for market players. These advancements improve the accuracy, efficiency, and accessibility of CRP testing, contributing to market growth.
Demand for Point-of-Care Testing (POCT): The surge in demand for POCT for CRP testing is driving market expansion. POCT enables rapid testing in primary care settings, emergency departments, and other point-of-care locations, facilitating quicker diagnosis and treatment. The convenience and cost-effectiveness of POCT are driving its adoption, especially in the wake of the COVID-19 pandemic.
Market Segmentation and Regional Analysis
Test Type: The market is segmented into standard CRP tests and high-sensitivity CRP tests. The standard CRP test segment held the largest market share in 2022, reflecting its widespread use in clinical practice.
Type of Assay: Immunoturbidimetry emerged as the dominant assay type in 2022, offering high sensitivity and specificity in measuring CRP levels. It is widely used in clinical laboratories worldwide.
Indication: Inflammatory diseases accounted for a significant market share in 2022, driven by the increasing prevalence of conditions such as rheumatoid arthritis, lupus, and inflammatory bowel disease. CRP testing plays a crucial role in the diagnosis and management of these diseases.
End-user: Independent diagnostic laboratories led the market in 2022, fueled by the growing trend of home care diagnostics and testing. These laboratories offer convenient testing services, including direct-to-home testing, catering to patient preferences.
Regional Analysis: North America dominated the market in 2022, driven by the adoption of POCT, technological advancements, and the prevalence of inflammatory diseases. Asia Pacific is expected to witness significant growth, fueled by the rise in chronic diseases and demand for early diagnosis and treatment.
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Key Players and Recent Developments
Prominent players in the global CRP testing market include Agilent Technologies, Laboratory Corporation of America Holdings, Thermo Fisher Scientific, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Creative Diagnostics, DxGen Corp., CTK Biotech, Inc., Getein Biotech, Inc., Goldsite Diagnostics, Inc., OptiBio Co., Ltd., and Nanjing Vazyme Biotech Co., Ltd.
Recent developments include partnerships for quality control material development, collaborations for new assay development, and product launches aimed at enhancing testing capabilities.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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