Market Trends of Creatinine Assay Kits Industry
This section covers the major market trends shaping the Creatinine Assay Kits Market according to our research experts:
Blood/Serum Segment is Expected to Witness Rapid Growth over the Forecast Period
Serum creatinine is one of the most widely used laboratory tests for kidney function. It is used to derive the estimated glomerular filtration rate (eGFR) as an indicator of kidney function. It is also used as an ideal indicator for the determination of chronic kidney diseases. The creatinine concentration in blood is inversely proportional to the glomerular filtration rate (GFR), which is an ideal marker of kidney function. Unfortunately, measuring GFR is time-consuming, and therefore GFR is usually estimated from equations that consider endogenous filtration markers like serum creatinine (sCr).
The growing incidence of chronic kidney disease, rising R&D activities, adoption of key strategic initiatives by major players, and the growing launches and advancement in serum creatinine tests are boosting the market growth. As per the PubMed data published in February 2022, the prevalence of chronic kidney disease in Asia in low- and middle-income countries was around 11.2%, which was significantly high. This increases the demand for creatinine tests, thereby driving the market.
Additionally, the research on serum creatinine and the collaborations by various organizations in this area are increasing worldwide. For instance, in September 2021, the National Kidney Foundation (NKF) and the American Society of Nephrology (ASN) Task Force rolled out regulations for the adoption of the new eGFR 2021 CKD EPI (chronic kidney disease epidemiology collaboration) creatinine equation that estimated kidney function without a race variable. The task force also recommended increased use of cystatin C combined with serum (blood) creatinine as a confirmatory assessment of kidney function. Such initiatives are likely to boost the demand for serum creatinine biomarker tests.
North America is Expected to Hold a Significant Share in the Market Currently and During the Forecast Period
North America is expected to hold a significant share in the global creatinine assay kits market due to the increasing incidence of renal disorders and other chronic disorders impacting renal function and technological advancements in biomedical research about kidney disorders in this region.
According to the CDC data from March 2021, approximately 37 million people, or 15% of US adults, are estimated to have chronic kidney disease (CKD). Chronic kidney disease (CKD) is estimated to be more common in women (16%) than in men (13%). Furthermore, favorable reimbursement policies and well-established healthcare infrastructure are fueling the growth of the overall regional market to a large extent.
Furthermore, the launch of new products in the country and the rising adoption of expansion strategies by key market players are expected to boost the market. In July 2022, Moffitt Cancer Center researchers identified biomarkers for renal cell carcinoma. Based on its biomarker expression, it developed a tool to indicate which patients are at high risk of poor outcomes. Such R&D activities are expected to boost the development of biomarker tests for kidney diseases during the forecast period. Similarly, in April 2021, Renalytix AI PLC entered an exclusive option agreement with Joslin Diabetes Center for patent filings on specific additional novel biomarkers in kidney disease for development and deployment in the KidneyIntelXin Vitro prognostic platform. This indicates the rise in R&D activities for developing biomarkers tests for kidney diseases, thereby driving the market growth.
