Market Trends of Global C-reactive Protein Testing Industry
This section covers the major market trends shaping the C-reactive Protein Testing Market according to our research experts:
Enzyme-linked Immunosorbent Assay (ELISA) Segment is Expected to Hold a Significant Share in the Market Over the Forecast Period
The Enzyme-linked Immunosorbent Assay (ELISA) segment is expected to hold a significant share in the C-reactive protein testing market by assay type. Factors such as the rise in the prevalence of cancers; the growth in infections such as COVID-19; the surge in partnerships for the commercialization of ELISA tests; and an upsurge in product launches, among others, are expected to drive the growth of this segment during the forecast period.
According to Globocan 2020, the global cancer burden has risen to 19.3 million cases and 10 million cancer deaths in 2020. As the ELISA test can be a useful technique for detecting cancer early on, there will be increased adoption of these tests for the detection of cancer across the world, thereby driving the segment's growth.
Furthermore, the establishment of the facilities providing the test is also expected to boost the growth of the market. For instance, in June 2021, Trivitron Healthcare launched the mobile laboratory for COVID-19 diagnostics to facilitate COVID-19 diagnostics in urban, rural, and far-flung geographies across India. The indigenous lab provides tests for CLIA/Elisa tests for inflammatory markers like D-Dimer, CRP & IL-6, RT-PCR tests, rapid antigen tests, CLIA/Elisa Antibodies Tests IgG and IgM, and others.
Therefore, rising product launches, a rise in collaborations, and a rise in the prevalence of cancer are expected to drive the growth of this segment over the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same Over the Forecast Period
North America dominated the market with a large revenue share. The factors that are likely to be responsible for the dominance of this segment are the rise in the prevalence of cardiovascular diseases, rising product launches, the presence of established players, technological advancements, and well-established healthcare infrastructure.
In addition, according to the study published in Frontiers in Immunology, titled "How C-Reactive Protein Structural Isoforms With Distinctive Bioactivities Affect Disease Progression" in September 2020 by the Roosevelt University College of Pharmacy, United States, because of the c-reactive protein (CRP) test functional bioactivity as the prototypic acute phase reactant has eluded clear definition for decades, diagnosticians of various conditions and diseases use CRP blood levels as a simple index for ongoing inflammation. Such studies will lead to further adoption of CRP testing for the diagnosis of inflammation in the body.
Furthermore, in October 2020, Nova Biomedical launched the Allegro C-reactive protein (CRP) test for its Allegro capillary blood analyzer for point-of-care (POC) testing in primary care settings. The Allegro and its StatStrip companion meter give 11 clinically necessary tests to assist clinicians in making therapeutic decisions and changes. The increasing product launches for CRP testing in the United States will lead to increased adoption of these tests, which is thereby expected to drive the growth of this market in the United States.
Therefore, the rising prevalence of cardiovascular diseases and rising product launches, among others, are the factors expected to drive the growth of this market in North America.
