Global C-reactive Protein Testing Market

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.

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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).

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. '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.'

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.

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.

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.

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Global C-reactive Protein Testing Market

Report ID: SQMIG35A2715

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