USD 4.5 billion
Report ID:
SQMIG35A2715 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|Tables:
94
|Figures:
76
C-reactive Protein Testing Market size was valued at USD 3118.68 Million in 2023 and is poised to grow from USD 3193.53 Million in 2024 to USD 3654.34 Million by 2032, growing at a CAGR of 2.4% during the forecast period (2025-2032).
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.
Global Market Size
USD 4.5 billion
Largest Segment
Immunoturbidimetric assay
Fastest Growth
Immunoturbidimetric assay
Growth Rate
2.3% CAGR
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Global C-Reactive Protein Testing Market is segmented by assay type, detection range, disease area, end-use and region. Based on assay type, the market is segmented into immunoturbidimetric assay, ELISA, chemiluminescence immunoassay and others. Based on detection range, the market is segmented into HS-CRP, conventional CRP and cCRP. Based on disease area, the market is segmented into cardiovascular diseases, cancer, rheumatoid arthritis, inflammatory bowel disease, endometriosis, lupus and others. Based on end-use, the market is segmented into clinics, hospitals, laboratories, assisted living healthcare facilities, home and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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.
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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.
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C-reactive Protein Testing Market Drivers
Growing Prevalence of Cardiovascular Diseases to Drive Market Growth
C-reactive Protein Testing Market Restraint
Low Awareness to Restraint Market Growth
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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
C-reactive Protein Testing Market Recent Developments
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 2022 | USD 4.5 billion |
Market size value in 2031 | USD 5.52 billion |
Growth Rate | 2.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
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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.
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Report ID: SQMIG35A2715
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