The latest published report by Polaris Market Research. The report “C-Reactive Protein Testing Market Share, Size, Trends, Industry Analysis Report, By Assay Type (Immuno-turbidimetric Assay, ELISA, Chemiluminescence Immunoassay), By Detection Range (hs-CRP, Conventional CRP, cCRP), By Disease Area (Cardiovascular Diseases, Cancer, Rheumatoid Arthritis, Inflammatory Bowel Disease, Endometriosis, Lupus), By End-Use; By Regions; Segment Forecast, 2020 – 2027” covers an exhaustive list of market tables and figures, thus providing in-depth analytical data for segments across different regions.
Market Analysis:
The global C-reactive protein testing market expected to Reach US$ 1.99 Billion by 2027 according to a new study conducted by Polaris Market Research the market is anticipated to register a CAGR of 1.8% during 2020-2027. The key factors responsible for the market growth are recent surge in COVID-19 cases across the globe, market players’ focused approach towards PoC diagnosis, new innovations, and clinical trials in the biomarker discovery. Moreover, the emerging countries, owing to their huge population base, particularly India and China, focusing on rapid tests, which is cost effective and reliable.
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Segment Highlights
- The immuno-turbidimetric segment accounted for the largest revenue share of the market owing to its high specificity and accuracy rate. However, the chemiluminescence assay segment is expected to witness fastest growth over the forecast.
- Based on detection range, the hs-CRP test segment is projected to constitute almost half of the market in 2027. The segment holds majority of share due to its aggressive use in the healthcare industry to check pandemic infections across the regions.
- Cardiovascular diseases accounted for the largest revenue share in 2019 on account of the increasing use of C-reactive protein testing CVD across the regions. In addition, the growing incidences of fatal diseases is expected to drive the market growth.
- North America is accounted for the largest revenue share in 2019 owing to excellent reimbursement setup. However, Asia Pacific is expected to witness fastest revenue growth over the coming years.
Regional Insights:
North America has dominated the market for C-reactive protein testing and is predicted to grow further with the same trend, owing to the existence of prominent agencies such as the American College of Cardiology Foundation. This agency runs initiatives for spreading awareness regarding the preliminary screening of inflammatory disorders, which in turn increases the uptake of such tests. A substantial rise in R&D activities to enhance applications of C-reactive protein testing is among the major factors which drive growth for the regional market. On the other side, the regional market of Asia Pacific is projected to exhibit exponential growth on account of the rising prevalence of cardiovascular diseases and an increasing number of tests conducted in the region. Favorable government policies and increasing efforts to improve healthcare infrastructure further contribute to the growth of the Asian market.
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List of Key Players
- Merck KGaA
- Thermo Fisher Scientific, Inc.
- Roche Ltd.
- Quest Diagnostics Incorporated
- Laboratory Corporation of America Holdings
- Abbott Laboratories
- Others
*Note: Additional companies can be included on request
Polaris Market Research has segmented the C-Reactive Protein Testing Market report on the basis of Assay Type, Detection Range, Disease Area, Type and Region
C-reactive Protein Testing, Assay Type Outlook (Revenue – USD Million, 2016 – 2027)
- Immuno-turbidimetric Assay
- ELISA
- Clinical
- Nonclinical
- Chemiluminescence Immunoassay
- Others
C-reactive Protein Testing, Detection Range Outlook (Revenue – USD Million, 2016 – 2027)
- hs-CRP
- Conventional CRP
- cCRP
C-reactive Protein Testing, Disease Area Outlook (Revenue – USD Million, 2016 – 2027)
- Cardiovascular Diseases
- Cancer
- Rheumatoid Arthritis
- Inflammatory Bowel Disease
- Endometriosis
- Lupus
- Others
C-reactive Protein Testing, End-Use Outlook (Revenue – USD Million, 2016 – 2027)
- Clinics
- Hospitals
- Laboratories
- Assisted Living Healthcare Facilities
- Home
- Others
C-reactive Protein Testing, Regional Outlook (Revenue – USD Million, 2016 – 2027)
- North America
-
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Central & South America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
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