Allied Market Research published a report, titled, “C-Reactive Protein Testing Market by Assay Type (Enzyme-Linked Immunosorbent Assay (ELISA), Chemiluminescence Immunoassay (CLIA), Immunoturbidimetric Assay, and Others) and Application (Diabetes, Rheumatoid Arthritis, Cardiovascular Disease, Inflammatory Bowel Disease, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global c-reactive protein testing industry was estimated at $2.76 billion in 2020, and is anticipated to hit $3.56 billion by 2030, registering a CAGR of 2.4% from 2021 to 2030.
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Drivers, restraints, and opportunities-
Increase in demand for healthcare services from aging population, surge in prevalence for chronic diseases, and high-end technological advancements in the field of c-reactive protein testing drive the growth of the global c-reactive protein testing market. On the other hand, availability of alternative disease testing methods restrain the growth to some extent. However, surge in adoption of point-of-care tests is expected to create lucrative opportunities in the industry.
Covid-19 Scenario-
- C-reactive protein (CRP) has been identified as an important marker that increases significantly in severe COVID-19 patients. Therefore, CRP testing has experienced a steep incline in the last two years, thus driving the market significantly.
- This trend is most likely to continue till the pandemic is completely over.
The cardiovascular disease segment to lead the trail-
On the basis of application, the cardiovascular disease segment generated the highest share in 2020, holding nearly two-thirds of the global c-reactive protein testing market, owing to rise in number of cardiovascular diseases. The diabetes segment, on the other hand, is expected to cite the fastest CAGR of 3.9% from 2021 to 2030. This is attributed to the significant rise in the number of population suffering from diabetes.
Key players of the global optical imaging market analyzed in the research includes, Abbott Laboratories, Danaher Corporation (Beckman Coulter Inc.), F. Hoffmann-La Roche AG, Horiba, Ltd., Quest Diagnostics Incorporated, Merck KGAA (Millipore Sigma), Randox Laboratories Limited, Laboratory Corporation of America Holdings, Thermo Fisher Scientific, Inc., and Zoetis Inc.
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The immunoturbidimetric assay segment to maintain its lion’s share-
On the basis of assay type, the immunoturbidimetric assay segment accounted for the highest market share in 2020, generating nearly half of the global c-reactive protein testing market. Emergence of large number of rapid kits based on immunoturbidimetric assays drives the segment growth. The Chemiluminescence Immunoassay (CLIA) segment, however, is anticipated to cite the fastest CAGR of 3.6% from 2021 to 2030, due to its higher sensitivity, good specificity, and wide range of applications.
North America to dominate by 2030-
On the basis of region, North America contributed to the major market share in terms of revenue 2020, holding more than two-fifths of the global c-reactive protein testing market, due to rise in chronic diseases, rapid adoption of advanced technologies like point of care devices, and the presence of key players across North America. Asia-Pacific, simultaneously, is projected to cite the fastest CAGR of 4.00% from 2021 to 2030. This is due to rapidly growing geriatric population, the continuous government support for pharmaceutical and biotechnology related R&D activities, surge in public–private investments, and rise in the number of initiatives for early diagnosis in the region.
Key Findings Of The Study
- By assay type, immunoturbidimetric assay was the highest contributor to the c-reactive protein testing market in 2020.
- By application, cardiovascular disease segment exhibited the highest growth in 2020, and is expected to continue this trend during the forecast period.
- By region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
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