Press release
Global Comprehensive Metabolic Panel (CMP) Testing Market Projected to Grow at 9.1% CAGR, Reaching $25.95 Billion by 2029
Comprehensive Metabolic Panel (CMP) Testing
What Will the Comprehensive Metabolic Panel (CMP) Testing Industry Market Size Be by 2025?
The overall volume of the comprehensive metabolic panel (cmp) testing market has experienced robust expansion lately, projected to ascend from a value of $17.04 billion in the year 2024 to $18.34 billion by 2025, reflecting a compound annual growth rate (CAGR) of 7.6%. This upswing observed in the historical timeframe stems from several key factors, including an escalation in the prevalence of long-term illnesses, an increased need for thorough health evaluations, a heightened focus within healthcare structures on proactive medical intervention, a surge in ailments linked to modern lifestyles, and a prevailing tendency toward care models centered around the individual patient.
What's the Long-Term Growth Forecast for the Comprehensive Metabolic Panel (CMP) Testing Market Size Through 2029?
Regarding the comprehensive metabolic panel (CMP) testing realm, projections indicate vigorous expansion in the coming years, with the market valuation anticipated to reach $25.95 billion by 2029, fueled by a compound annual growth rate (CAGR) of 9.1%. This upward trajectory throughout the projection timeframe is fundamentally driven by the proliferation of personalized medicine approaches and precision healthcare strategies, the incorporation of CMP analysis within remote patient monitoring and telehealth platforms, an increasing need for thorough health assessments, the surge in movements promoting wellness and preventative care, alongside shifting governmental healthcare mandates and regulatory frameworks. Key developments shaping this market during the forecast interval involve a greater focus on ongoing observation and tracking data over time, the adoption of reporting formats optimized for virtual care delivery, efforts toward establishing uniform laboratory reference values, the merging of wearable health devices into monitoring routines, and a heightened focus on empowering patients through education and active involvement in their health management.
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What Are the Key Growth Drivers Fueling the Comprehensive Metabolic Panel (CMP) Testing Market Expansion?
The rising incidence of both heart-related illnesses and diabetes is anticipated to fuel the expansion of the market for comprehensive metabolic panel (CMP) testing moving forward. Atherosclerosis, characterized by the accumulation of fatty matter within the arteries, is connected to cardiovascular affections that impact the heart or its vessels, while diabetes arises when an individual's blood sugar concentration climbs excessively high, a metric readily identified through CMP blood analyses. Consequently, as the count of diabetes and cardiovascular disease cases escalates, the corresponding demand for diagnostic procedures utilizing blood testing like the CMP will bolster the market's trajectory. To illustrate this trend, data from the Australian Institute of Health and Welfare, a national body in Australia responsible for public health supervision, indicated a rise in doctor-confirmed deaths from coronary heart disease (CHD), moving from 13,700 in 2020 to 14,100 in 2021, and further to 14,900 by 2022. Moreover, the International Diabetes Federation, situated in Belgium, reported in June 2022 that the global prevalence of diabetes had climbed to 10.5 percent, with more than half of those affected (44.7 percent) remaining undiagnosed. Thus, the increasing rates of cardiovascular ailments and diabetes are directly contributing to the growth of the comprehensive metabolic panel testing sector.
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What Are the Key Trends Driving Comprehensive Metabolic Panel (CMP) Testing Market Growth?
A significant trend currently influencing the comprehensive metabolic panel (CMP) testing sector is the rapid pace of technological progress, compelling key market participants to innovate continually to secure their competitive standing. As an illustration of this, in April 2022, the India-headquartered wellness and fitness provider, HealthifyMe, introduced HealthifyPro, their premier fitness program, which incorporates a metabolic panel derived from a blood analysis capable of quantifying over 80 distinct biomarkers. This HealthifyPro offering centrally features a biosensor system (BIOS), a smart scale, personalized health coaching, HealthifyMe's artificial intelligence assistant, and the aforementioned metabolic panel, creating a holistic system that correlates glucose fluctuations with the individual's dietary intake and physical activities to tailor a unique health strategy for every participant.
How Is the Comprehensive Metabolic Panel (CMP) Testing Market Segmented?
The comprehensive metabolic panel (cmp) testingmarket covered in this report is segmented -
1) By Disease: Kidney Disease; Liver Disease; Diabetes; Other Diseases
2) By Test Type: Proteins; Electrolytes; Kidney Tests; Liver Functional Tests; Glucose
3) By End User: Laboratories; Point Of Care (PoC)
Subsegments:
1) By Kidney Disease: Chronic Kidney Disease (CKD); Acute Kidney Injury (AKI); Glomerulonephritis
2) By Liver Disease: Hepatitis (Viral And Non-Viral); Cirrhosis; Fatty Liver Disease
3) By Diabetes: Type 1 Diabetes; Type 2 Diabetes; Gestational Diabetes
4) By Other Diseases: Cardiovascular Diseases; Electrolyte Imbalances; Metabolic Disorders; Pancreatic Diseases
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Which Companies Are Leading the Charge in Comprehensive Metabolic Panel (CMP) Testing Market Innovation?
Major companies operating in the comprehensive metabolic panel (CMP) testing market include Abbott Laboratories Inc., Siemens Healthineers AG, Mayo Clinic, Laboratory Corporation of America Holdings, Mercy, Mount Sinai Health System, Quest Diagnostics Incorporated, Sonic Healthcare Limited, Hologic Inc., Beckman Coulter Inc., Bio-Rad Laboratories Inc., Werfen SA, DiaSorin S.p.A., Randox Laboratories Ltd., ARUP Laboratories Inc., Invitae Corporation, Abaxis Inc., Metropolis Healthcare Limited, Clinical Reference Laboratory (CRL), Centogene AG, Spectra Laboratories, Unipath Systems Ltd., Scion Lab Services LLC, Weldon Biotech Pvt Ltd., Corona Pathology,Ulta Lab Tests LLC, Any Lab Test Now, Applied InGENuity Diagnostics LLC, Walk-In Lab LLC
Which Regions Are Leading the Global Comprehensive Metabolic Panel (CMP) Testing Market in Revenue?
North America was the largest region in the comprehensive metabolic panel (CMP) testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the comprehensive metabolic panel (CMP) testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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