Valley Cottage, NY -- (SBWire) -- 03/27/2019 --Creatinine meters, prominently used in the diagnosis and treatment of chronic kidney diseases, play an essential role in renal dialysis monitoring and measurement of urine and blood analytes.
Generally, it takes several hours to test creatinine at clinical labs. Moreover, the risk to patients with specific conditions is high in the clinical testing because of the use of imaging agents like barium and iodine, which are widely used in the radiological procedures. The popularity of creatinine meter, particularly handheld devices, is thus increasing across the healthcare industry.
The creatinine meter allows healthcare professionals to get the quantitative results for creatinine test within minutes with the precision with ease of testing. These features of handheld creatinine meters are fuelling the market demand for creatinine meters globally. Creatinine test is mainly conducted to monitor the renal function when urine elimination is obstructed, or the glomerular filtration is reduced significantly.
Key Dynamics: Global Creatinine Meter Market
Growing Prevalence of Chronic Renal Disorders and Rising Adoption of Preventive Healthcare Tactics
The cumulative growth in the creatinine meter market is characterized by the increasing prevalence of renal disorders and other chronic disorders impacting the renal function.
Growing geriatric population and rise in renal diseases and disorders due to unhealthy lifestyle are some of the principal driving factors in an ever-increasing number of consumers for point of care creatinine meters. Technological innovations in creatinine meters, easy and quick results with precision, easy availability of kits, are some of the factors stimulating the growth of the creatinine meter market. Increasing awareness about renal health care in people, and favorable reimbursement and health insurance scenarios are further boosting the growth of global creatinine meter market.
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Rapid Growth in Geriatric Population and Implementation of Favorable Government Initiatives to Promote Renal Health
Increasing geriatric population is the significant factor considered in the ever increasing healthcare spending across the globe. People probing to the health disorders mainly related to renal and diabetic disorders due to rising age. The large number of global population is geriatric and as a result demand for point of care devices is increasing.
Various governments are taking the initiatives for health awareness in geriatric population and providing the favorable schemes for promoting the renal health in the geriatric population. These factors are further boosting the demand for creatinine meter in the global market.
Market Segmentation: Global Creatinine Meter Market
The global market for creatinine meters can be segmented on the basis of product, modularity, end use and region.
Global Creatinine Meter Market by Product-
Creatinine meters
Reagents
Sensor Strips & Kits
Global Creatinine Meter Market by Modularity-
Handheld
Desktop
Global Creatinine Meter Market by End Use-
Point of care Use
Hospitals
Diagnostic Laboratories
Competitive Landscape: Global Creatinine Meter Market
The creatinine meter market is dominated by some major players in the global market. The innovation in the technology, new product launches, patented technology, and others are some critical factors on which the players are competing in the global creatinine meter market.
For Instance, Nova Biomedical, prominent player in the US recently introduced StatSensor Creatinine, a handheld creatinine meter as well as a disposable miniaturized biosensor for creatinine testing. StatSensor Creatinine integrates patented original Multi-Well technology. StatSensor advanced technology enables simple, quick, and precise assessment of renal health at the point of care, with the help of sampling via finger stick capillary blood.
Some of the prominent players operating in the global creatinine meters market are Abbott, Hitachi, Siemens Healthcare GmbH, Nova Biomedical, Hitachi, Thermo Fisher Scientific, Pointe Scientific, Diasys Diagnostic Systems GmbH, Randox Laboratories, Sentinel Ch. Spa. among others.
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Regional Outlook: Global Creatinine Meters Market
North America is anticipated to hold the significant market share in terms of revenue as well as volume in the creatinine meters market, owing to the existence of several key manufacturers for creatinine meters in the region and increasing awareness as well as adoption of advanced creatinine meters for point of care diagnosis of renal health. Europe is also projected to capture considerable market share in terms of value in creatinine meters market owing to the increasing geriatric population and rising healthcare spending.
APEJ region is expected to show high CAGR growth during the forecast period. This can be attributed due to factors like the rising awareness of preventive healthcare, increasing the prevalence of chronic kidney disorders, improving healthcare infrastructure, as well as growing focus of key players on demand from varies developing countries of APEJ region. Also, the developed markets are at saturation levels, and hence APEJ region is expected to become a hotspot for prominent market players. Moreover, the Middle East & Africa, as well as Latin America, are also anticipated to show considerable growth rates in creatinine meters market.
Creatinine Meter Market Overview: Type and Applications, Trends, Industry Analysis & Forecast, 2018-2028
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