The global C-reactive protein test market is expected to post a CAGR of
over 1% during the period 2019-2023, according to the latest market
research report by Technavio.
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Technavio has published a new market research report on the global C-Reactive protein test market from 2019-2023. (Graphic: Business Wire)
Several collaborations worldwide involving research and academic
institutions are making efforts to learn the complex structures of
proteins in detail through the exchange of knowledge and molecular
biology techniques. Proteins are majorly responsible for a large number
of functions in the human body and studying proteins improves the
understanding of post-translational modifications, which improves the
knowledge of protein functioning, as these modifications directly
influence the proteins’ function. Therefore, government initiatives,
like in the UK, are widespread across the globe to enhance the
applications of protein research and production. Hence, the demand for
products used in protein research such as CRP tests would be high, which
is expected to drive the market growth during the forecast period.
As per Technavio, technological advances will have a positive impact on
the market and contribute to its growth significantly over the forecast
period. This global
C-reactive protein test market 2019-2023 research report
also analyzes other significant trends and market drivers that will
affect market growth over 2019-2023.
Global C-reactive protein test market:
Technological Advances
CRP testing is most commonly performed by collecting the blood sample of
an individual by laboratory professionals for analysis of CRP levels.
Because of the delay in test results, CRP testing is not preferred to
assess acute infections. It is more often used in investigating chronic
conditions. Therefore, it is essential for laboratory professionals to
have a test kit that provides accurate test results with faster
turnaround time. Hence, vendors are offering products with improved
features and specific manufacturing standards to have a competitive edge
in the market. The enhanced product features will slow the retention of
existing consumers and also attract prospective consumers. For instance,
NycoCard READER II by Abbott is a compact battery powered instrument,
which is designed to measure all NycoCard products. It consists of an
instrument box, operational and calculating unit, and a reader pen,
which detects the signal. Such product offerings help in attracting
prospective consumers, leading to increased sales and high-volume
production among vendors, which will support the growth of the market
during the forecast period.
“Apart from technological advances, the rising preference of chronic
diseases, rising incidence of HIV in developing nations, the growing
presence of service providers, and the rising demand for ELISA kits are
some other major aspects that are boosting the growth of the overall
global market during the forecast period,” says an analyst at
Technavio.
Global C-reactive protein test market:
Segmentation analysis
This market research report segments the global C-reactive protein test
market by end-user (hospitals, clinical laboratories, others) and
geographical regions (North America, Europe, Asia, and ROW).
The North American region led the market in 2018, followed by Europe,
Asia, and ROW respectively. However, during the forecast period, the
Asian region is expected to register the highest incremental growth due
to the high prevalence rate of diabetes and an increase in seminars and
conferences in the region, which highlights the use of CRP directly with
associated diseases and its significance.
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Market Landscape
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- Market characteristics
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Market Sizing
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- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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