Comprehensive Metabolic Panel Testing Market Analysis
The market by test type is categorized into glucose, calcium, electrolytes, kidney function tests, liver function tests, and proteins. The glucose segment garnered USD 3.1 billion revenue size in the year 2022.
- Glucose testing is a fundamental component of the CMP since it provides essential information about an individual's blood sugar levels. Glucose testing can also detect low blood sugar levels (hypoglycemia), which can be caused by certain medications, insulin overdoses, or medical conditions.
- Additionally, abnormal glucose levels can be an indicator of various metabolic disorders, including metabolic syndrome. Metabolic syndrome is a cluster of conditions that increase the risk of heart disease, stroke, and type 2 diabetes. Early detection allows timely adoption of preventive measures, thereby accelerating segment trends.
The comprehensive metabolic panel testing market by disease indication is categorized into kidney diseases, liver diseases, diabetes, and other indications. The kidney diseases segment garnered USD 4.6 billion revenue size in the year 2022.
- Comprehensive metabolic panel tests are commonly used in the diagnosis and monitoring of kidney diseases due to the panel's ability to assess various markers related to kidney function.
- Furthermore, increasing number of people suffering from kidney diseases is estimated to boost market growth. For instance, in 2023, according to the Centers for Disease Control and Prevention (CDC), approximately 15% of adults in the U.S., an estimated 37 million people, have chronic kidney disease (CKD). Thus, abovementioned factors are predicted to augment market demand.
The comprehensive metabolic panel testing market by end-use is categorized into point of care centers, hospitals, diagnostic laboratories, and other end-users. The diagnostic laboratories segment garnered USD 5.7 billion revenue size in the year 2022.
- Diagnostic laboratories are equipped with state-of-the-art analyzers and specialized equipment designed for accurate and precise testing. Further, laboratories adhere to strict quality control measures to ensure the reliability of the results. Regular calibration and quality assurance processes are in place to maintain accuracy.
- Moreover, diagnostic laboratories are structured to handle a high volume of tests efficiently. This enables prompt processing of samples and delivery of results to healthcare providers and patients.
U.S. comprehensive metabolic panel testing market accounted for USD 4.9 billion revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
- The U.S. has solidified its dominant position in the market, primarily attributed to the annual increase in the demand for diagnostic tests.
- Furthermore, U.S. advanced healthcare infrastructure, leadership in innovative medical practices, high surgical volumes, and accessibility to advanced test types contribute to its central role in the market.