(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The "Cystatin C Assay Market by Product (Analyzers, Kits, Reagents), Method (ELISA, PETIA, IFA, CLIA, PENIA), Application (Diagnostics, Research), Sample Type (Blood, Urine), End User (Hospitals, Clinical Laboratories) & Region - Global Forecast to 2028" report has been added to ResearchAndMarkets's offering.
The global cystatin C assay market is projected to reach USD 540 million by 2028 from USD 377 million in 2023, at a CAGR of 7.5% during the forecast period
This report studies the cystatin C assay market based on product and region. The report also analyzes factors (drivers, opportunities, challenges, restraints) affecting the market growth. It evaluates the market's opportunities and challenges for stakeholders and details the competitive landscape for market leaders.
The growth of this market is majorly driven by the Increasing diabetes population as the increasing prevalence of diabetes and hypertension, both risk factors for kidney disease, has heightened the need for early and accurate kidney function assessments.. However, Challenges associated with cost and affordability may threaten the growth of this market.
The report also studies micromarkets with respect to their growth trends, prospects, and contributions to the total cystatin C assay market. The report forecasts the revenue of the market segments with respect to five major regions.
US Analyzer in the product segment to witness the highest growth during the forecast period in the North American market.
Based North American region analyzer's portion, the cystatin C assay market is segmented into the US and Canada. The US is projected to grow at the highest CAGR during the forecast period. The United States is a significant market for medical devices and diagnostic equipment, including cystatin C analyzers, the demand for such analyzers is driven by healthcare needs and laboratory practices. Factors such as the prevalence of kidney diseases, clinical guidelines, laboratory infrastructure, and technological advancements influence the adoption of cystatin C analyzers in US.
Europe is estimated to register the third-highest CAGR during the forecast period.
In this report, the cystatin C assay market is segmented into four major regional segments: North America, Europe, Asia Pacific, Rest of the world. The market in Europe is projected to register the third-highest growth rate during the forecast period. The growth in this market is primarily driven by the presence of significant aging population, with a higher proportion of individuals aged 65 and above.
The aging demographic is more prone to chronic conditions, such as diabetes nephopathy, and chronic nephrological conditions, which often require diagnostic testing moreover, ongoing advancements in assay technologies, including the availability of automated analyzers and point-of-care testing options, have improved the accessibility and efficiency of cystatin C testing in Europe.
| Report Attribute
| No. of Pages
| Forecast Period
| 2023 - 2028
| Estimated Market Value (USD) in 2023
| $377 Million
| Forecasted Market Value (USD) by 2028
| $540 Million
| Compound Annual Growth Rate
| Regions Covered
Aalto Scientific, Ltd. Abbott Abcam PLC Agilent Technologies, Inc. Arbor Assays Bio-Techne Cepham Life Sciences Cusabio Technology LLC Diasys Diagnostic Systems GmbH Diazyme Laboratories, Inc. Ethos Biosciences Eurolyser Diagnostica GmbH Gentian Diagnostics Asa Getein Biotech, Inc. Immunodiagnostics Limited Kamiya Biomedical Company Proteintech Group, Inc. Randox Laboratories Ltd. Raybiotech Life, Inc. Roche Diagnostics Limited Sekisui Diagnostics Siemens Healthcare GmbH Sino Biological, Inc. Thermo Fisher Scientific Inc. Zhejiang Kangte Biotechnology Co. Ltd.
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Global Cystatin C Assay Market
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