Market Trends of Global Comprehensive Metabolic Panel Industry
This section covers the major market trends shaping the Comprehensive Metabolic Panel Market according to our research experts:
The Diabetes Segment is Projected to Grow at a Healthy Rate During the Forecast Period
Diabetes is one of the fastest-growing diseases that is widening the patient pool for point-of-care (PoC) CMP testing. The increasing prevalence of diabetes and cardiovascular and other target diseases is anticipated to boost the demand for CMP testing over the forecast period.
According to the International Diabetes Federation in 2019, over 463 million adults (20-79 years) were living with diabetes in 2019, and by 2045, this may rise to 700 million. More than 20 million live births, i.e., every 1 in 6 live births, is affected by diabetes during pregnancy. From these, approximately 10-15% of the population have Type 1 diabetes. The rise in prevalence of chronic diseases such as kidney diseases, diabetes, and liver diseases and emphasis of people on early diagnosis of these diseases are some of the factors responsible for the growth of the comprehensive metabolic panel (CMP) testing market.
The increase in demand for immediate diagnosis and the advent of new technologies transforming the point-of-care testing devices are projected to bolster the market over the forecast period. Moreover, the introduction and implementation of data-driven solutions in diagnostics for better evaluation of health conditions are driving the market growth furthermore.
The kidney diseases segment also has a notable share. The share is attributed to the growing prevalence of kidney diseases and increasing emphasis on early diagnosis among people. Owing to factors such as sedentary lifestyles, changing food habits, and increasing diabetic patients around the world, the segment is expected to grow at a significant rate over the period.
North America is Anticipated to Grow at a Significant Growth Rate During the Forecast Period
North America is projected to grow over the period due to the rising growth of the well-established healthcare infrastructure, the presence of major players, and the presence of a large patient population.
With the increase in COVID-19, there is a wide range of testing that has been performed on blood, and this increase in testing has stimulated the overall demand for a comprehensive metabolic panel market in the North American region.
Chronic kidney disease (CKD) has become a public health problem in the United States. According to the CDC data 2019, chronic kidney diseases (CKD) are found to be in 15% of US adults that is around 37 million people suffering from CKD. CKD is more common in people aged 65 years or older (38%) than in people aged 45-64 years (13%) or 18-44 years (7%). CKD is more common in women (15%) compared to men (12%). The rise in prevalence of chronic diseases such as kidney diseases, diabetes, and liver diseases are some of the factors responsible for the growth of the comprehensive metabolic panel (CMP) testing market.
Diabetes is found widening the patient pool for point-of-care (PoC) CMP testing. Diabetes and high blood pressure are found to be the major causes of CKD in adults. The other risk factors of diabetes include heart disease, obesity, a family history of CKD, past damage to the kidneys, and older age. Furthermore, there are favorable reimbursement policies and government support that are anticipated to aid the market growth in the region.
