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Creatine Kinase Reagent Market

Market Insights on Creatine Kinase Reagent covering sales outlook, demand forecast & up-to-date key trends

Creatine Kinase Reagent Market By Product Type (Reagents, Instruments, Kits), Test Type (Colorimetric Assay Based Tests, Enzymatic Tests, Point of Care Tests, ELISA-based Tests), Application (Research Use, Diagnosis Use), End User (Hospitals, Clinics, Diagnostic Laboratories, Academic Research Institutes) & Region - Forecast 2022-2032

Creatine Kinase Reagent Market Overview

Global creatine kinase reagent market demand is anticipated to grow at a CAGR of 6% from 2022 to 2032. The growth of the creatine kinase reagent market is attributed to its global utilization across the healthcare industry.

Report Attribute

Details

Projected Growth Rate (2022-2032)

6% CAGR

Creatine kinase is a cardiac biomarker allude to the substances released in the bloodstream, due to heart-related damage or stress, mainly caused by insufficient blood flow. The quantification of creatine kinase is employed for the diagnosis of various heart conditions, such as acute myocardial infarction, acute coronary syndrome, ischemia, congestive heart failure, and others.

North America is considered to be a dominant region for Creatine Kinase Reagent Market, driven primarily with well-established end-use industries such as molecular biology laboratories, research institutes and pharmaceutical companies

The major factors that are expected to propel the growth of the Creatine Kinase Reagents market during the forecast period include the continuous launch of new creatine kinase reagents to improve the creatine kinase testing.

Simultaneously, the factor that is expected to hamper the growth of the global Creatine kinase reagent market includes undergoing product-based regulatory in the US.

Which are Some Prominent Drivers Spearheading Creatine Kinase Reagent Market Growth?

The major factor driving the growth for global Creatine Kinase Reagents Market during the forecast period includes the high prevalence of cardiovascular diseases among people. According to the World Health Organization, cardiovascular diseases (CVDs) are the leading cause of death, globally, accountable for 17.9 million deaths each year. Thus, the rising number of patients suffering from CVDs acts as one of the major factors driving the growth rate of the market.

In addition, technological advancement is one of the new avenues for research and development applications. The increasing preference for cardiac testing kits, progressive development of creatine kinase reagent and the high specificity and sensitivity of these creatine kinase reagent-based tests for efficient and accurate diagnosis of cardiovascular disorders are some other factors that are expected to boost the growth of the Creatine Kinase Reagent market during the forecast period.

Moreover, high prevalence of target diseases attributable to factors, such as the increasing base of geriatric population, the prevalence of an unhealthy & sedentary lifestyle among individuals, smoking & alcohol consumption, and unhealthy food habits, inevitably leading to obesity which demands the high need of ligases, which are anticipated to fuel the market growth.

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What are the Challenges Faced by the Creatine Kinase Reagents Industry?

Factors restraining the growth of the global Creatine Kinase Reagents Market during the forecast period include stringent regulatory framework for qualification processes that evaluate companion diagnostics of creatine kinase may hinder the growth of the global creatine kinase reagent market.

Furthermore, the other factor that is expected to hamper the growth of the global Creatine kinase reagent market includes undergoing product-based regulatory in the US.

How is North America region Emerging as an Opportunistic Creatine Kinase Reagents Market?

Asia Pacific is the largest market for Creatine Kinase Reagent and the trend is expected to continue into the forecast period attributed to the due to well-established end-use industries such as molecular biology laboratories, research institutes and pharmaceutical companies in the region.

In addition, high scope for research and development activities in major countries is driving regional growth. The U.S. government has heavily invested in R&D to promote the production of biomarkers as diagnostic for various cardiac disorders, which is expected to accelerate the regional market during the forecast period.

Sabyasachi Ghosh
Principal Consultant
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How is Asia Pacific Contributing to Growth of the Creatine Kinase Reagents Market?

According to Future Market Insights, the Asia Pacific is anticipated to witness growth at a lucrative rate over the forecast period, owing to the riding target population comprising individuals with cardiac disorders such as acute coronary syndrome and Acute Myocardial Infarction is on the rise in these developing regions.

This provides avenues for players in this vertical to carry out research and develop a novel treatment with regards to disease treatment thereby increasing product penetration in the regional verticals. Furthermore, rising medical tourism, increasing disposable income and growing awareness about Acute Coronary Syndrome are expected to fuel the market growth during the forecast period.

Market Competition

Some of the key participants present in the global Creatine Kinase Reagents Market include Abbott, BBI Solutions, Beckman Coulter Inc., BODITECH MED INC., DiaSys Diagnostic Systems GmbH, Fujirebio, Novus Biologicals, PerkinElmer, Pointe Scientific Inc., Randox Laboratories Ltd., and Thermo Fisher Scientific, among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Abbott, BBI Solutions, and Beckman Coulter Inc. account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.

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Scope Of Report

Report Attribute

Details

Growth Rate

CAGR of 6% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product Type
  • Test Type
  • Application
  • End User
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

Customization

Available Upon Request

Key Segments Profiled in the Creatine Kinase Reagent Industry Survey

Product Type:

  • Creatine Kinase Reagents
  • Creatine Kinase Instruments
  • Creatine Kinase Kits

Test Type:

  • Colorimetric Assay Based Creatine Kinase Tests
  • Enzymatic Creatine Kinase Tests
  • Point of Care Creatine Kinase Tests
  • ELISA-based Creatine Kinase Tests
  • Other Creatine Kinase Test Types

Application:

  • Creatine Kinase Reagents for Research Use
  • Creatine Kinase Reagents for Diagnosis Use

End User:

  • Creatine Kinase Reagents for Hospitals
  • Creatine Kinase Reagents for Clinics
  • Creatine Kinase Reagents for Diagnostic Laboratories
  • Creatine Kinase Reagents for Academic Research Institutes
  • Creatine Kinase Reagents for Other End Users

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global Creatine Kinase Reagent Market to expand at a % value CAGR by 2032

Asia Pacific is expected to be the most opportunistic creatine kinase reagent market

Abbott, BBI Solutions, Beckman Coulter Inc., BODITECH MED INC., DiaSys Diagnostic Systems GmbH, Fujirebio, Novus Biologicals, PerkinElmer, and Pointe Scientific Inc., among others are some prominent Creatine Kinase Reagent Market players

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Creatine Kinase Reagent Market