A quantitative determination of albumin level in urine can be determined by immunoturbidimetric assay. Microalbumin reagents are used to diagnose the serum albumin level in the body. A majority of microalbumin reagents used to check the glomerular filtration rate of the kidney. Now a day’s microalbumin reagents used to diagnose diabetic nephropathy and its mortality risk in diabetic patients. For the best results microalbumin reagents treated with the sample within 24 hours. In the microalbumin reagents market, the manufacturer launched the reagents with greater stability. This is directly replication on the test accuracy since the microalbumin reagent with good stability can combine with the proteins in the test sample with longer duration. The microalbumin reagent contains the albumin, creatinine. The albumin-to-creatinine ratio helps to identify the microalbuminuria. Majority of the microalbumin reagents kits has the combination of the Albumin, Creatinine, and Albumin-to-Creatinine (A:C) combination. Microalbumin reagents kits come under the class II medical devices. As per the FDA regulations, microalbumin reagents kits should follow the 21 CFR § 866.5040 for the market authorization.
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Microalbumin Reagent Market: Drivers and Restraints
Rising awareness of the people about kidney disorder may help to boost the microalbumin reagent market. Rising demand of the self-testing kits for the home care settings expected to show the lucrative growth for the microalbumin reagent. Microalbumin reagent plays important role in the clinical trial data for the drug distribution and efficacy studies, so the growing investment in the clinical trials may show the rising demand for microalbumin reagent in coming days. Rising patient pool towards the diabetic nephropathy will show the propelling growth for the microalbumin reagent market. Less awareness of the people about the kidney function test may create the obstacles in the microalbumin reagent market. In the developing countries, people don’t have the good disposable income to purchase the microalbumin reagent kit, such kind of macroeconomic factors may create a slower growth for microalbumin reagent market.
Microalbumin Reagent Market: Segmentation
Tentatively, the global microalbumin reagent market can be segmented on the basis of Indication, end user and geography.
Based on Indication, the global microalbumin reagent market is segmented as:
- Kidney Function test
- High blood pressure
Based on end user, the global Microalbumin reagent market is segmented as:
- Home care settings
- Clinical Laboratories
Microalbumin Reagent Market: Overview
Microalbumin reagents market will show good growth over the forecast period, due to the more number of people facing microalbuminuria related problems. By indication, kidney function segment may show the propelling growth for the microalbumin reagent market, due to the high number of population suffering from kidney disorders. The diabetic nephropathy prevalence rate is high among the type I diabetic population. Rising demand of the microalbumin reagent in the urine testing of type I diabetic patient may show the positive growth for microalbumin reagent market. In the geriatric population, people suffering from hypertension and high blood pressure-related complication, in such a disease diagnosis, microalbumin reagent plays the important role. Hence, in hypertension and high blood pressure segment will show the good growth for the microalbumin reagent market.
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Microalbumin Reagent Market: Regional Outlook
North America’s microalbumin reagent market is expected to grow the faster rate during the forecast period due to the presence of local players in the market and better and easy availability of microalbumin reagent kits in the region. The growing trend of self-testing kits in North America will show the good revenue for the microalbumin reagent market. Europe will show the substantial growth for the microalbumin reagent market due to the good investment in the self-testing kits & diagnosis area. Awareness of the people about diabetes and high blood pressure-related conditions also helping to boost the microalbumin reagent market in Europe. Latin America will show the slower growth for the microalbumin reagent market since the people don’t have more concern about the kidney function test and diabetes. Asia Pacific region will show the growing demand for the microalbumin reagent methods, due to the more number of the pharma & diagnostic companies in this region. Along with this, the growing rate of multi-specialty diagnostic labs in this region is responsible for the positive growth of the microalbumin reagent market. In the APAC region, China and India will be the maximum revenue generating countries for microalbumin reagent markets
Microalbumin Reagent Market: Key Players
Some of the key players operating in the global microalbumin reagent market are Siemens Healthcare GmbH, DiaSys Diagnostic Systems GmbH, FUJIFILM Wako Diagnostics, Erba Mannheim, Cortez Diagnostics Inc., and Biocompare.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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