USD 3066.45 million
C-reactive Protein Testing Market Size, Share, Growth Analysis, By Assay Type(Immunoturbidimetric Assay, Chemiluminescence Immunoassay, ELISA, others), By Disease Area(Cardiovascular Diseases, Cancer, Lupus, Endometriosis), By End-Use(Clinics, Hospitals, Laboratories, others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2715 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|Tables:
94
|Figures:
76
C-reactive Protein Testing Market Insights
C-reactive Protein Testing Market size was valued at USD 3066.45 million in 2019 and is poised to grow from USD 3118.68 million in 2023 to USD 3568.69 million by 2031, growing at a CAGR of 2.4% in the forecast period (2024-2031).
Rising advancements in nanotechnological tools coupled with the high specificity, sensitivity, and a faster response time for on-site diagnosis and monitoring of diseases are the key factors expected to drive the growth of the global market during the forecast period. In addition, the rising study demonstrated the use of newly developed and designed point-of-care assays for rapid testing of CRP. This is anticipated to fuel the demand for the global market over the coming years. For instance, according to NCBI, the researchers of Mohammed VI University of Health Sciences, Morocco, successfully studies the use of C-reactive protein as a type of early detector of SARS-CoV-2 infection severity.
Furthermore, rising prevalence of inflammatory disorders, diabetes, and cancers are the major factors propelling the growth of the global C-reactive protein testing market during the forecast period. Increasing incidence of endometriosis in women globally coupled with the rise in funding in diagnostics sector and adoption of point-of-care devices are further projected to paved the way for market growth at a significant pace. For instance, according to Center for Disease Control and Prevention, in July 2022, there were around 20.1 million adults aged over 20 years suffering from coronary artery disease in the United States, and is estimated to grow more in the near future.
US C-reactive Protein Testing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Immunoturbidimetric assay
Fastest Growth
Immunoturbidimetric assay
Growth Rate
2.4% CAGR
Global C-Reactive Protein Testing Market ($ Bn)
Country Share for North America Region (%)
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C-reactive Protein Testing Market Segmental Analysis
C-reactive Protein Testing Market is segmented on the basis of assay type, disease area, end-use, and region. By assay type, the C-reactive Protein Testing Market is segmented into immunoturbidimetric assay, chemiluminescence immunoassay, ELISA, and others. By disease area, the C-reactive Protein Testing Market is categorized into cardiovascular diseases, cancer, lupus, endometriosis, and others. By end-use, the C-reactive Protein Testing Market is classified into clinics, hospitals, laboratories, and others. By region, the C-reactive Protein Testing Market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
C-reactive Protein Testing Market Analysis by Assay Type
By assay type, the immunoturbidimetric assays segment dominated the market and accounted for a significant market share in 2021 and is projected to maintain its dominance throughout the forecast period. Wide range of application and usage of this technique in cardiac and respiratory systems is the major factors driving the growth of the segment market over the coming years.
Furthermore, high technological advancements in the segment with the rising consumer awareness about latest innovations and solutions is further anticipated to boost the demand for the segment in the near future. For instance, in January 2021, researcher of DM Vasudevan Agappe Diagnostic Limited, India proved the use of latex-enhanced assay system for high sensitivity and a large range C-reactive detection in human serum.
C-reactive Protein Testing Market Analysis by End-Use
By end-use, hospital segment held the largest market share in 2021 and witnessing a strong growth rate during the forecast period. This is simply attributed to the growing penetration of various CRP testing in hospitals mainly in emerging economies such as India, China, and Indonesia. Additionally, continuously rising incidence of cardiovascular diseases and various type of cancer-related infections, has increased the number of patients visiting hospitals and thereby, adoption of CRP testing kits around the globe.
Moreover, clinics segment is anticipated to grow at fastest growth rate over the forecast period due to an extensive rise in the demand for CRP testing and introduction to several new devices and solutions, which can be easily fit in clinics across the globe.
Global C-Reactive Protein Testing Market By Assay Type
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C-reactive Protein Testing Market Regional Insights
Globally, North America region dominated the C-reactive protein testing market with a holding of healthy market share in 2021. Early adoption of advanced technology, rising adoption of innovative devices, and continuously rising focus on clinical research are the major factors projected to drive the growth of the market in the region over the coming years. In addition, rising prevalence of cancer disease in the United States has resulted in wider use of CRP tests across the region. For instance, according to the American Cancer Society, prostate cancer emerged as the second most diagnosed cancer and third major cause of deaths in men in the United States.
Furthermore, Asia Pacific region is witnessing fastest CAGR during the forecast period owing to increased number of hospitals and rising government efforts on the development of healthcare infrastructure, especially in developing nations such as India, China, and Indonesia. In addition, a tremendous increase in the number of road accidents in the region, is also resulting in an increase in the patient population, and is anticipated to drive the growth of the regional market in the near future.
Global C-Reactive Protein Testing Market By Region
- Largest
- Fastest
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C-reactive Protein Testing Market Dynamics
C-reactive Protein Testing Market Drivers
Growing Prevalence of Cardiovascular Diseases to Drive Market Growth
- Increasing number of cardiovascular diseases coupled with the rising research and development activities for enhancing C-reactive protein testing methods are the key factors expected to drive the growth of the global C-reactive protein testing market over the forecast period. According to our findings, cardiovascular diseases results in over 800,000 deaths in the United States, and around 2,200 patients have died due to cardiovascular disorder.
- Moreover, an extensive rise in the ageing population coupled with the growing number of diabetes mellitus are also projected to drive the growth of the global market in the coming years.
C-reactive Protein Testing Market Restraint
Low Awareness to Restraint Market Growth
- Lack of awareness regarding CRP testing and non-availability of these advanced technologies in low-medium sized economies around the world are likely to be the major restraining factors for the growth of the global C-reactive protein testing market during the forecast period. In addition, high cost of these testing techniques and high initial investment requirement for setups is also projected to hamper the growth of the market.
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C-reactive Protein Testing Market Competitive Landscape
Global C-reactive protein testing market is fragmented with the presence of various large international and local market players operating around the globe. The major key players of the global market are implanting on several business strategies including mergers, acquisitions, collaborations, new product launches, and rising research & development activities for expanding their global market share and product offerings to cater the rising consumer demand from all over the world.
C-reactive Protein Testing Market Top Player’s Company Profiles
- Thermo Fisher Scientific Inc.
- Roche Diagnostics
- Abbott Laboratories
- Beckman Coulter
- Bio-Rad Laboratories
- Siemens Healthcare
- Quest Diagnostics
- Ortho Clinical Diagnostics
- Randox Laboratories
- Boditech Med Inc.
- Merck Millipore
- BioMerieux
- Trinity Biotech
- Alere Inc.
- Becton, Dickinson and Company (BD)
- Sekisui Diagnostics
- Tosoh Bioscience Inc.
- DiaSorin S.p.A.
- Fujifilm Corporation
- Abaxis, Inc.
C-reactive Protein Testing Market Recent Developments
- In July 2022, Bloom Diagnostics, Swiss MedTech company announced the launch of Bloom Inflammation Test, which enables to measures and detect the C-reactive protein in the human bloodstream. The product is complied with advanced features and technology to provide accurate results for better diagnosis of CRP.
- In January 2022, LumiraDX achieved CE mark approval for their C-reactive protein PCR test. It is a compact, easily foldable, and fully-automatic microfluidic immunoassay test for quantitative detection of C-reactive protein, which takes only four minutes to deliver the result to the person.
C-reactive Protein Testing Key Market Trends
Introduction of Awareness Programs to Boost Adoption
- In the recent years, the number of government initiatives has increased to grow awareness towards prevention and treatment of various types of chronic disorders, which is fueling the demand for the global market at a strong growth rate. Due to this, CRP testing has been increasingly incorporated in daily routine clinical practice especially in developed regions such as United States, Germany, France, and Japan, that is likely to have a positive impact on the market growth over the coming years.
C-reactive Protein Testing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global C-reactive protein testing market is expected to have a strong growth during the forecast period owing to growing consumer disposable income, adoption of CRP testing as a routine clinical practice, and rising development activities. Moreover, continuously rising efforts and initiatives on the growth and development of healthcare infrastructure and latest devices is also fostering the market growth. However, since a large portion of global population belongs to low income class, thus they are not able to afford this highly expensive tests on regular basis, which is anticipated to hinder the growth of the market over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 3066.45 million |
| Market size value in 2031 | USD 3568.69 million |
| Growth Rate | 2.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on C-reactive Protein Testing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on C-reactive Protein Testing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the C-reactive Protein Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the C-reactive Protein Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the C-reactive Protein Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the C-reactive Protein Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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