Creatinine Measurement Market Research Report 2021-2031
The Creatinine Measurement Market size is projected to reach US$ 982.51 million by 2031 from US$ 514.49 million in 2023. The market is expected to register a CAGR of 8.4% in 2023–2031. Point-of-care renal functioning testing will likely remain a key creatinine measurement market trend.
Creatinine Measurement Market Analysis
The aging population is vastly vulnerable to chronic kidney conditions. For instance, according to the research conducted by the American Diabetes Association in 2021, an estimated 38.4 million Americans, or 11.6% of the population, are suffering from diabetes. The percentage of Americans aged 65 and older remains high at approximately 30%. Diabetes in adults generates a higher risk of kidney failure. For instance, according to a study published by the National Kidney Foundation, an estimated 30.0% of diabetic patients suffer from kidney disease each year globally. Thus, the increasing geriatric population is expected to boost the creatinine measurement market growth over the forecast period.
Creatinine Measurement Market Overview
Creatinine measurement is an analysis method used to assess kidney function and diagnose kidney diseases. An elevated creatinine level in urine indicates kidney damage or diseases such as chronic kidney diseases or acute kidney injury. The market's growth is accredited to key driving factors such as the increasing incidence of chronic kidney diseases and the increasing geriatric population. However, the shift towards adopting new biomarkers is supposed to restrain the market's growth during the forecast years.
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Creatinine Measurement Market: Strategic Insights
Market Size Value in US$ 384.69 Million in 2019 Market Size Value by US$ 705.96 Million by 2027 Growth rate CAGR of 8.0% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Creatinine Measurement Market: Strategic Insights
| Market Size Value in | US$ 384.69 Million in 2019 |
| Market Size Value by | US$ 705.96 Million by 2027 |
| Growth rate | CAGR of 8.0% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Creatinine Measurement Market Drivers and Opportunities
Increasing Prevalence of Chronic Kidney Diseases to Favor Market
As per the National Kidney Foundation, the worldwide occurrence of chronic kidney disease (CKD) is increasing. About 10% of the global population is adopted by CKD, and millions die each year because they do not have an approach to reasonable treatment. Over 2 million affected individuals receive treatment through dialysis or a kidney transplant. The majority are treated in only five developed countries—the US, Japan, Germany, Brazil, and Italy. These five developed countries serve only 12% of the world's population. According to the 2019 Global Burden of Disease study, chronic kidney diseases account for 15% of worldwide mortality.
Due to the growing dominance of chronic kidney diseases among the masses, it is widely recognized as a global health issue. According to the American Society of Nephrology (ASN), there are ongoing recent advances in molecular diagnostics that are making ways to manage patients who are suffering from kidney-related disorders. Therefore, increasing chronic kidney disorders coupled with the benefits of creatinine measurement to recognize the condition of kidneys will likely boost the demand for creatinine measurement devices during the forecast period..
Emerging Market in Developing Countries
The growing healthcare industry in developing economies of Asia Pacific builds better prospects for market players to expand their business. The huge patient base in these countries is generating demand for advanced diagnostic systems. For instance, according to the global burden of disease data, India has 18% of the world’s population; however, the country holds about 17% of the global burden of kidney diseases. Additionally, an increasing number of dialysis procedures represent the massive growth in the prevalence of renal diseases. Furthermore, according to estimates published by the Global Burden of Disease, China alone has 119.5 million renal disease patients. Thus, the rapidly growing incidence of kidney diseases coupled with the demand-supply gap in diagnostic tests is predicted to offer lucrative opportunities for growth of the market by 2031.
Creatinine Measurement Market Report Segmentation Analysis
Key segments that contributed to the derivation of the creatinine measurement market analysis are contaminants, technology, and food type.
- Based on products, the creatinine measurement market is divided into Kits and Reagents. The Kits segment held a larger market share in 2023.
- Based on type, the market is bifurcated Enzymatic Method and Jaffe's Kinetic Method. The enzymatic method segment held a larger market share in 2023.
- In terms of sample type, the market is segmented into Blood or Serum, and Urine. The blood or serum products segment dominated the market in 2023.
- By end users segment, the market is classified into hospitals, diagnostic laboratories, and other entities. The hospital segment dominated the market in 2023.
Creatinine Measurement Market Share Analysis by Geography
The geographic scope of the creatinine measurement market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The creatinine measurement market in North America is significantly In North America, the creatinine measurement market is currently in the growth phase and experiencing exponential growth. Increasing geriatric population associated with the various kidney diseases, favorable reimbursement policies for dialysis, increasing healthcare expenditure, increasing growing number of hospitals and clinics offering creatinine measurement services, advancements in the technological developments, and the major presence of the key players in this market are among the factors is going to propelling the market growth.
In addition, favorable reimbursement scenario in the US is also driving the growth of the market by increasing the adoption of the urinary catheters during various surgical procedures. Several insurance companies provide reimbursement for laboratory services. Medicare provides reimbursements using either the Physician Fee Schedule (PFS) or the Clinical Laboratory Fee Schedule (CLFS), depending on the service. In addition, laboratories also provide services to beneficiaries of other government programs such as Medicaid, TRICARE and the Federal Employee Health Benefit Plan (FEHBP), as well as commercial plans.
Creatinine Measurement Market Report Scope
Creatinine Measurement Market News and Recent Developments
The creatinine measurement market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In November 1, 2022, Creative Enzymes Launches Raw Materials for Manufacturing Diagnostic Kits. The raw materials provided by Creative Enzymes include enzymes for cholesterol reagent kit, creatine kinase assay kit, creatinine assay kit, free fatty acid assay kit, homocysteine assay kit, sialic acid kit, and triglyceride kit. The high-quality products always ensure rapid, reliable, and reproducible experiments. (Source: Creative Enzymes, Press Release)
- In March 2022, Nova Biomedical announces the launch of the Nova Max Pro Creatinine/eGFR Meter System in all CE countries. Nova Max Pro is an important new tool to improve kidney care through kidney function screening and early detection of kidney disease in point-of-care settings outside the hospital. (Source: Nova Biomedical, Press Release)
Creatinine Measurement Market Report Coverage and Deliverables
The “Creatinine Measurement Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- Creatinine Measurement Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Creatinine Measurement Market trends
- Detailed PEST and SWOT analysis
- Creatinine Measurement market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments.
- Creatinine MeasurementIndustry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Type ; Sample Type ; End-User , and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentin, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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