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Global Albumin & Creatinine Tests Market is expected to reach $3.6 bn by 2031 growing at a CAGR of 14.7% between 2021 and 2031.
The urine albumin to creatinine ratio test is a common way to screen for high levels of albumin, which is known as albuminuria. This screening is most often done on people who have a greater risk of kidney disease comprising people with diabetes, high blood pressure, or a family history of kidney problems. Screening may also be recommended in older adults and people in some racial and ethnic groups. Screening for kidney disease may combine a urine albumin test with another kidney function test, known as an estimated glomerular filtration rate (eGFR) test, that assesses how well the kidneys are filtering the blood.
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Market Drivers
Rising prevalence of kidney disorders
Kidney disease is one of the major causes of death worldwide. Such cases—comprising multiple kidney treatments—require the continuous monitoring of components such as creatinine and albumin and their ratios, for which multiple urine analysis products and techniques are utilized. Urine analysis has extensive applications in the diagnosis and management of kidney diseases. Biochemical urine analysis enables clinicians to assess the level of chemical compounds (such as creatinine, urobilinogen, bilirubin, ketones, and glucose) in the urine. Atypical levels of these compounds in the urine indicate chronic kidney diseases, acute kidney injuries, and acute renal failure. So, the growing incidence of kidney diseases will be the primary growth driver for this market, as it will ensure sustained demand for albumin and creatinine tests.
Market Opportunity
Integrated and automated systems for overall urine analysis
The combination of automated urine sediment and urine biochemical analysis in one system allows rapid and easy urine analysis. Currently, standalone automated urine sediment analyzers help standardize sediment & biochemical analysis with minimum operator interference and enable the fast analysis of urine samples. Such integrated systems have a high potential in the automated devices market and can help large hospitals and diagnostic labs to manage their workloads ecologically. Owing to that, this area has been identified as an opportunity in the market.
Market Restraints
High cost of automated analyzers
Most small hospitals and clinics with lower workloads still prefer semi-automated devices or manual analysis. Automated devices are primarily used by large hospitals with higher workloads; so, the revenue generation can justify the costs incurred in installing automated analyzers. This makes it difficult for automated analyzers to penetrate the market, specifically in developing economies, which is a major restraint factor to market growth.
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Impact of COVID-19 on Albumin & Creatinine Tests Market
Acute Renal Failure (ARF) is generally detected and confirmed by increased creatinine levels in the urine, coupled with a sudden drop in the urine output. Adding to that, the rise in and high rate of hypoalbuminemia caused by COVID-19 (coupled with the rising geriatric population and other factors) is likely to increase the cases of AKI/ARF and thus support the market growth during the early half of the projection period.
Market Segments
By Product
- Dipsticks & Kits
- Analyzers
- Cartridges
- Cartridges for POC Analyzers
- Cartridges for Table-Top Analyzer
- Reagents & Other Consumables
By Type
- Urine Tests
- Urine Albumin Tests
- Urine Creatinine Tests
- Glycated Albumin
- Blood & Serum Creatinine Tests
By End User
- Hospitals & Clinics
- Diagnostic Laboratories
- Research Laboratories & Institutes
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Market Players of Global Albumin & Creatinine Tests Market
The key players in the global albumin & creatinine tests market are Thermo Fisher Scientific, Inc., Roche Diagnostics, PromoCell GmbH, Abbott Laboratories, Siemens Healthineers, Danaher Corporation, Sysmex Corporation, Ortho Clinical Diagnostics, Randox Laboratories, FUJIFILM Wako Pure Chemical Corporation, Abbexa Ltd., ACON Laboratories, Inc., Arbor Assays Inc., ARKRAY Global Business Inc., Aviva Systems Biology, Axxora, LLC, BioAssay Systems, Nova Biomedical, Quantimetrix Corporation, RayBiotech Inc., Sekisui Diagnostics PEI Inc., Teco Diagnostics, Tulip Diagnostics, ulti med Products GmbH, and URIT Medical Electronic Co., Ltd. among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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