The C-reactive protein testing market is predicted to display sluggish growth over the forecast period of 2020 to 2030. A number of research initiatives for various applications of C-reactive protein testing is primarily driving the C-reactive protein testing market. Availability of funds via private and public agencies to accelerate research activities is positively impacting adoption of C-reactive protein testing methodologies
C-Reactive Protein Testing Market: Competitive Insights
Key players in the C-reactive protein testing market are making significant investments to expand their product offerings and maintain foothold in the said market. Keen players are also engaged in partnerships and collaborations such as with research bodies to expand the uptake of point-of-care C-reactive protein testing.
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Key players in the C-reactive protein testing market include Thermo Fisher Scientific Inc., Danaher, Siemens, Laboratory Corporation of America Holdings, Abaxis Inc., Getein Biotech Inc., Randox Laboratories Ltd., Aidian, F. Hoffmann-La roche Ltd., Quest Diagnostics Incorporated, Merck KGaA, Ortho Clinical Diagnostics, HORIBA Ltd., BODITECH MED INC., Abbott Laboratories.
C-Reactive Protein Testing Market: Key Trends
Initiatives by government bodies to promote the use of point-of-care (POC) testing in healthcare settings is boosting the C-reactive protein testing market. In recent years, point-of-care testing methods have gained immense popularity as these tests provide rapid and accurate results in minimal time.
In addition, development of novel techniques for analyzing the concentration of C-reactive protein opens new avenues for the growth of C-reactive protein testing market. For example, a study carried out in November 2019 involved developing a movable smartphone-based diffusometric immunoassay for finding C-reactive protein concentration.
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C-Reactive Protein Testing Market: Regional Outlook
North America dominates the C-reactive protein testing market due to the presence of a well-established reimbursement scheme for C-reactive protein testing. For example, the BlueCross BlueShield of North Carolina includes coverage for C-reactive protein testing in the diagnosis of inflammatory diseases, besides reimbursement for general inflammation testing.
A surge in the prevalence of chronic diseases and autoimmune disorders among the global people is driving the business opportunities in the global c-reactive protein testing market, states an analysis by Transparency Market Research (TMR).
C-reactive protein (CRP) refers to an acute-phase protein developed by liver. Generally, the CRP levels increase in the blood when an individual is suffering from inflammatory disorders. The c-reactive protein (CRP) test is used to determine the CRP amount in the blood plasma, notes a TMR study on the global c-reactive protein testing market.
An individual’s body can experience inflammation as a response to an infection and injury. Body performs this action in order to protect tissues. Moreover, inflammation can also be a result of numerous health disorders including autoimmune disorders and chronic diseases such as cardiovascular diseases, diabetes, cancer, rheumatoid arthritis, and endometriosis, note analysts of a TMR study on the c-reactive protein testing market.
The significance of CRP protein is being increasing as it can show 1,000-fold growth in areas of inflammation or infection. Hence, the test is being executed in order to diagnose infections and other medical disorders. While the test does not recognize direct cause of inflammation, but it can help in finding out the level of inflammation occurring due to other factors. Hence, this test is utilized as a precise early warning sign of injury or inflammation, note analysts of a TMR report on the global c-reactive protein testing market.
The older population is at higher risk of different health disorders including autoimmune diseases and chronic health disorders. Hence, a rise in the older populace across the globe is prognosticated to drive the sales prospects in the global c-reactive protein testing market during the forecast period, note analysts at TMR.
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The government authorities of several emerging economies such as India and China are increasing investments in healthcare infrastructure development. This factor is expected to fuel the expansion of the c-reactive protein testing market in the upcoming years. Moreover, the market is being driven by the technological advancements in the healthcare industry across the globe.
Some of the key players operating in the global c-reactive protein testing market include Danaher Corporation (Beckman Coulter Inc.), Abbott Laboratories, Horiba, Ltd., F. Hoffmann-La Roche AG, Merck KGAA (Millipore Sigma), Quest Diagnostics Incorporated, Laboratory Corporation of America Holdings, Randox Laboratories Limited, Zoetis Inc. (Abaxis Inc.), and Thermo Fisher Scientific, Inc.
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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