Global C-reactive Protein (CRP) Testing Market Outlook, 2019 to 2024 - Major Players are Looking to Expand Their R&D, Distribution, and Management Facilities to Gain a Competitive Edge in the Market - ResearchAndMarkets.com
The "C-reactive Protein Testing Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The major factors propelling the growth of the C-reactive protein testing market include the rise in prevalence of inflammatory disorders, the increasing global incidence of endometriosis in women, rise in funding toward the technological advancement in diagnostics, and rise in the adoption of point-of-care devices.
Chronic inflammation is found to be the primary contributing factor involved in multiple chronic diseases, such as rheumatoid arthritis, lupus, ulcerative colitis, Crohn's disease, and others. In developed countries, such as the United States, a significantly large section of the population, approximately 1.6 million people are affected by rheumatoid arthritis and nearly 18 million people are affected globally.
During the infectious state of the inflammatory disease, the CRP levels rise rapidly within the body and peak up to levels of 350-400 mg/L after 48 hours. When the inflammation decreases, the CRP levels fall, making it a highly useful marker for monitoring the activity of diseases. Therefore, a regular standardization of measurement techniques and reporting improve the utility of CRP in regular clinical practice.
CRP has multiple applications within in vitro and in vivo, for the development of potential new compounds for inflammatory diseases. Thus, the rising prevalence of inflammatory diseases is among the foremost factors driving the market studied.
Furthermore, there is also an increase in funds provided to academic research institutions and individual researchers that is expected to boost market growth. Moreover, various initiatives by international bodies, such as WHO and NIH for the prevention and treatment of chronic disorders, such as cardiovascular diseases and cancer are anticipated to promote the growth of the market.
Key Market Trends
Cardiovascular Disease is the Largest Segment Under Application that is Expected to Grow in the Forecast Period
Cardiovascular disorders account for the largest share in terms of adoption. Due to the high prevalence of cardiovascular diseases, there is an urgent need for developing a quick and effective method for diagnosis. So, C-reactive protein can be an indicator for the detection of CVD as there is a development of atherosclerosis, which is the laying down of cholesterol inside the blood vessel walls that create inflammation within the vessel walls.
Hence, in patients suffering from CVD, there is a higher level of CRP. Therefore, the CRP assays to detect lower levels of CRP, which are sensitive. Hence, the high incidence rate of cardiovascular diseases is expected to encourage researchers to undertake investigational studies in CRC for cardiovascular disorders.
North America has Been Reported with the Largest Growth and is Expected to Follow the Same Trend Over the Forecast Period
North America has dominated the market with the largest revenue share. The factors that are likely to be responsible for the dominance of this segment are the presence of established players, technological advancements, and well-established healthcare infrastructure.
Also due to effective government policies, a huge base of multinational companies, as well as high awareness among the people for testing and testing devices in healthcare, the market is expected to grow in the upcoming years.
Competitive Landscape
The major players are seen forming strategic partnerships with other market players to expand their product portfolios. They are also looking to expand their R&D, distribution, and management facilities to gain a competitive edge in the market.
Key Topics Covered
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Prevalence of Inflammatory Disorders
4.2.2 Increasing Global Incidence of Endometriosis in Women
4.2.3 Rise in Funding toward the Technological Advancement in Diagnostics
4.2.4 Rise in the Adoption of Point-of-care Devices
4.3 Market Restraints
4.3.1 Lack of Public Awareness
4.3.2 Availability of Alternative Treatments with Higher Accuracies
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Assay Type
5.1.1 Enzyme-linked Immunosorbent Assay (ELISA)
5.1.2 Chemiluminescence Immunoassay (CLIA)
5.1.3 Immunoturbidimetric Assay
5.1.4 Other Assay Types
5.2 By Application
5.2.1 Diabetes
5.2.2 Rheumatoid Arthritis
5.2.3 Cardiovascular Disease
5.2.4 Inflammatory Bowel Disease
5.2.5 Cancer
5.2.6 Other Applications
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Middle East & Africa
5.3.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abaxis Inc. (Zoetis)
6.1.2 Abbott Laboratories
6.1.3 Beckman Coulter Inc. (Danaher Corporation)
6.1.4 F. Hoffmann-La Roche AG
6.1.5 Laboratory Corporation of America Holdings
6.1.6 Merck KGaA
6.1.7 Quest Diagnostics
6.1.8 Randox Laboratories Ltd.
6.1.9 Siemens Healthineers
6.1.10 Thermo Fisher Scientific Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/ssbgmc
News published on and distributed by:
