PUBLISHER: The Insight Partners | PRODUCT CODE: 1874013
PUBLISHER: The Insight Partners | PRODUCT CODE: 1874013
The Creatinine Measurement Market is anticipated to grow from US$ 557.70 million in 2024 to US$ 982.51 million by 2031, reflecting a compound annual growth rate (CAGR) of 8.4% during the period from 2031 to 2031. A significant trend in this market is expected to be the rise of point-of-care testing for renal function.
Analysis of the Creatinine Measurement Market
The elderly population is particularly susceptible to chronic kidney diseases. Research by the American Diabetes Association in 2021 indicated that around 38.4 million Americans, or 11.6% of the population, are affected by diabetes, with approximately 30% of these individuals being 65 years or older. Diabetes significantly increases the risk of kidney failure; a study from the National Kidney Foundation estimates that about 30% of diabetic patients globally develop kidney disease each year. Therefore, the growing elderly demographic is likely to drive the growth of the creatinine measurement market in the coming years.
Overview of the Creatinine Measurement Market
Creatinine measurement is a diagnostic method used to evaluate kidney function and identify kidney diseases. High levels of creatinine in urine can indicate kidney damage or conditions such as chronic kidney disease or acute kidney injury. The market's expansion is primarily driven by the rising incidence of chronic kidney diseases and the increasing elderly population. However, the transition towards new biomarkers may hinder market growth during the forecast period.
Drivers and Opportunities in the Creatinine Measurement Market
Rising Incidence of Chronic Kidney Diseases to Benefit the Market
According to the National Kidney Foundation, the global prevalence of chronic kidney disease (CKD) is on the rise, affecting about 10% of the world's population, with millions dying annually due to lack of access to adequate treatment. Over 2 million individuals receive treatment through dialysis or kidney transplants, primarily in five developed nations: the US, Japan, Germany, Brazil, and Italy, which together account for only 12% of the global population. The 2024 Global Burden of Disease study reported that chronic kidney diseases contribute to 15% of global mortality.
Given the increasing prevalence of chronic kidney diseases, it is recognized as a significant global health challenge. The American Society of Nephrology (ASN) notes that advancements in molecular diagnostics are improving management for patients with kidney disorders. Consequently, the rising incidence of chronic kidney diseases, along with the advantages of creatinine measurement in assessing kidney health, is expected to enhance the demand for creatinine measurement devices throughout the forecast period.
Emerging Markets in Developing Nations
The expanding healthcare sector in developing regions, particularly in Asia Pacific, presents substantial opportunities for market participants. The large patient population in these areas is driving the demand for advanced diagnostic technologies. For example, India, which comprises 18% of the global population, accounts for about 17% of the global burden of kidney diseases. Additionally, the increasing number of dialysis procedures indicates a significant rise in renal disease prevalence. Estimates from the Global Burden of Disease suggest that China alone has 119.5 million patients with renal diseases. Thus, the rapid increase in kidney disease cases, combined with the gap in diagnostic test availability, is expected to create lucrative growth opportunities for the market by 2031.
Segmentation Analysis of the Creatinine Measurement Market
Key segments contributing to the analysis of the creatinine measurement market include contaminants, technology, and food type.
Geographical Analysis of the Creatinine Measurement Market
The geographical scope of the creatinine measurement market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
In North America, the creatinine measurement market is currently experiencing significant growth. Factors contributing to this growth include an increasing elderly population with various kidney diseases, favorable reimbursement policies for dialysis, rising healthcare expenditures, and a growing number of hospitals and clinics offering creatinine measurement services, along with technological advancements and the presence of key market players.
Moreover, the favorable reimbursement landscape in the US is further propelling market growth by enhancing the adoption of urinary catheters during surgical procedures. Many insurance providers cover laboratory services, with Medicare offering reimbursements through either the Physician Fee Schedule (PFS) or the Clinical Laboratory Fee Schedule (CLFS), depending on the service. Additionally, laboratories provide services to beneficiaries of other government programs such as Medicaid, TRICARE, and the Federal Employee Health Benefit Plan (FEHBP), as well as commercial plans.
Scope of the Creatinine Measurement Market Report
Recent Developments in the Creatinine Measurement Market
The creatinine measurement market is assessed through qualitative and quantitative data collected from primary and secondary research, including significant corporate publications, association data, and databases. Below are some recent developments in the market regarding innovations, business expansions, and strategies:
Coverage and Deliverables of the Creatinine Measurement Market Report
The report titled "Creatinine Measurement Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas: