Pune, India -- (SBWIRE) -- 03/29/2019 -- Our latest research report entitled Creatinine Test Market (by-product (instruments, and consumables), test (urine test, and blood test), application (kidney cancer, urinary tract obstruction, glomerulonephritis, and renal failure), end user (diagnostic centers, clinics and hospitals, and research institute)) Global Industry Analysis, Trends, Size, Share and Forecasts to 2025 provides complete and deep insights into the market dynamics and growth of Creatinine Test. Latest information on market risks, industry chain structure Creatinine Test cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Creatinine Test growth factors. The global creatinine test market is projected to grow at a CAGR of 5.30% over the forecast period of 2019-2025.

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Creatinine Test Market: Industry Insights

Creatinine is a waste product formed by muscle metabolism. Creatinine test measures the amount of creatinine in the blood and urine. Levels of creatinine in the blood reveal both the amount of muscle a person has and their amount of kidney function.

Creatinine Test Market: Drivers and Restraints

Growing prevalence and recurrence of kidney diseases across the globe is expected to be the major contributor to the growth of the creatinine test market. According to the American Kidney Fund, around 30 million people in the U.S. are living with chronic kidney disease (CKD). Furthermore, favorable government initiatives to promote renal health is anticipated to fuel the market in the forecast period. However, a lack of accuracy or false estimates may hamper the market in the near future. Nevertheless, high growth potential in emerging nations is expected to provide new growth avenues to the market in the forecast period. According to the world health organization, 1.2 million people died from kidney failure in 2015.

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Creatinine Test Market: Segmentation

By test type, the market is segmented into a urine test and blood test. Urine test accounted for a sizeable share in the market in 2018. The ease in sample collection technique compared to blood tests and the limited risk of infection during sample collection driving the growth of this segment. Based on end use, the global creatinine test market has bifurcated into diagnostic centers, clinics & hospitals and research institute. The hospitals and clinics segment is expected to contribute to the market owing to the rise in healthcare budgets of various nations. Kidney cancer, urinary tract obstruction, glomerulonephritis, and renal failure are the key application of the creatinine test market in the coming years.

Creatinine Test Market: Regional Insights

North America is the most dynamic, highly competitive and the largest market for creatinine test globally. The major driving factor, which has driven the growth of the creatinine test market in this region, is the rising prevalence of chronic kidney disease. Growth in the region is mainly backend by the U.S followed by Canada and Mexico. European creatinine test market had been the most dynamic region in 2018. Europe is expected to grow at a steady rate within the forecast period. Asia-Pacific region remains bright, and the industry is projected to grow at the highest CAGR during 2018-2023. The high prevalence of chronic diseases such as kidney disease, obesity, diabetes, and others mainly attribute this growth. ROW also shows a steady rise in the market owing to the rising demand for diagnostic services, and a growing emphasis on diagnosis and treatment of kidney disease.

Creatinine Test Market: Competitive Analysis

The global creatinine test market is highly competitive. The prominent players in the global creatinine market are Abbott Laboratories, Abcam Plc, Siemens AG, Quest Diagnostic, Thermo Fisher Scientific, Inc., Acon Laboratories, Inc., and Nova Biomedical Corporation among others. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.

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Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Creatinine Test.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.