According to the research report titled ‘Global Creatine Kinase Market Size study by Type (MM, BB, MB, MiMi), by Application (Hospital, Laboratory, Others) and Regional Forecasts 2020-2027‘, available with Market Study Report, global creatine kinase market is expected to register lucrative growth during 2020-2027.
 

Increasing incidences of myocardial infarction, rise in healthcare expenditure and favorable reimbursement scenario are the factors expected to drive the growth of global creatine kinase market over the forecast period. In fact, as per Centers for Medicare & Medicaid Services (CMS), the United States healthcare spending was 4.4% in 2018, which reached USD 3.8 trillion with 4.8% growth rate in 2019. Also, according to Statista, in 2018, the public health expenditure in India was around 1.58 trillion INR.

For those uninitiated, creatine kinase is protein enzyme which catalyzes the transformation of creatine. It uses. It is found in heart, skeletal muscles, and small amounts in brain. It helps in movement of bones and provides bodily strength.
 

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Introduction of new novel creatine kinase reagents in order to improve the creatine kinase testing is fueling the market growth. However, increasing prevalence of COVID-19, lockdown in numerous countries, as well as disrupted manufacturing & supply chain are creating product shortage. This, along with strict guidelines for approval of the product in some developed and developing countries will hamper the growth of global creatine kinase market.
 

Based on type, global creatine kinase market is segmented into BB, MM, MiMi, and MB. Speaking of the application spectrum, the industry is divided into hospital, laboratory, and others.
 

From regional frame of reference, North America creatine kinase market is precited to generate substantial revenues over the ensuing years, mainly due to robust healthcare infrastructure and introduction of new testing kits for creatine kinase reagents in the region.
 

Meanwhile, Asia-Pacific market is anticipated to record significant growth rate during 2020-2027, owing to increasing spending on healthcare in the countries such as China and India.
 

Leading contenders operating in global creatine kinase market include F. Hoffmann-La Roche AG, Siemens Healthcare AG, Beckman Coulter Inc., Abbott Laboratories, and LSI Medience Corp.