What is Creatinine Measurement?
Creatinine is synthesized in the human body at the time of muscle contractions. The glomeruli of the kidney removes creatinine from the blood and secretes it into the urine. Creatinine test is a sensitive test employed for measuring the glomerular filtration rate of the kidney. Hence, the creatinine test is extensively used to assess kidney functioning. Presently, direct and automation-ready procedures are gaining popularity in the field of research and drug discovery for measuring creatinine concentration in biological samples.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | F. Hoffmann-la Roche ltd. (Switzerland), Abbott Laboratories (United States), Danaher Corporation (United States), Thermo Fisher Scientific (United States), Siemens Healthineers (Germany), Randox Laboratories (United Kingdom), Pointe Scientific (United States), Sentinel Ch. Spa. (Italy), Diasys Diagnostic Systems GmbH (Germany), Dialab GmbH (Vienna), Diazyme Laboratories (United States), Wako Pure Chemical Industries, Ltd. (Japan), Ortho Clinical Diagnostics (United States) and Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China) |
CAGR | 8.3% |
The Global Creatinine Measurement market is expected to see growth rate of 8.3% and may see market size of USD642.18 Million by 2027.The Market is currently pegged at USD352.3 Million. The study covers a detailed analysis segmented by key business segments i.e. by type (Jaffe’s kinetic method and Enzymatic method) , by application (Hospitals and Diagnostic Laboratories) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Creatinine Measurement market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are F. Hoffmann-la Roche ltd. (Switzerland), Abbott Laboratories (United States), Danaher Corporation (United States), Thermo Fisher Scientific (United States), Siemens Healthineers (Germany), Randox Laboratories (United Kingdom), Pointe Scientific (United States), Sentinel Ch. Spa. (Italy), Diasys Diagnostic Systems GmbH (Germany), Dialab GmbH (Vienna), Diazyme Laboratories (United States), Wako Pure Chemical Industries, Ltd. (Japan), Ortho Clinical Diagnostics (United States) and Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China).
“According to the National Center for Biotechnology Information (NCBI) Regulations, The measurement of accurate renal function is vital for the routine care of patients. Determining the renal function status can predict kidney disease progression and prevent toxic drug levels in the body.[2] The glomerular filtration rate (GFR) describes the flow rate of filtered fluid through the kidneys.”
In Creatinine Measurement Market, it has been observed that most of the companies are upgrading or introducing innovative point of care testing for detection and monitoring of creatinine measurement. They rely on strategies such as mergers & acquisition, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Creatinine Measurement Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Incidence of Renal Disorders
- Rapid Growth in the Geriatric Population
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Major Trends | |
Restraints | - Lack of Awareness Among End User Industry
- Frequently Changing Regulatory Policies
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Road Blocks / Challenges | - Identification of Novel Renal Dysfunction Biomarkers
- Stiff Competition among Major Players
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Gaps & Opportunities | - Growing Number of Drug Development Initiatives
- Favorable Government Initiatives to Promote Renal Health
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Key highlights of the Global Creatinine Measurement market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Creatinine Measurement market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Creatinine Measurement market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Creatinine Measurement Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Creatinine Measurement market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Creatinine Measurement market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Creatinine Measurement Manufacturers, End-Use Market Participants of Different Segments of Creatinine Measurement, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.