Kidney Function Tests Market to be Valued USD1520 Million by 2028
Increase in the prevalence
of diabetes and hypertension across the world to drive the growth of global kidney
function tests market in the forecast period, 2024-2028.
According to TechSci Research report, “Kidney
Function Tests Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028”, the global kidney function tests market is expected
to grow at CAGR of 9.71% to reach USD 1520 million by 2028. The growing
prevalence of underlying conditions such as diabetes and hypertension is leading
to increasing cases of kidney disorders thereby fueling the growth of the global
kidney function tests market. Furthermore, increase in awareness about
diagnostic methods for kidney function; and technological advances in
diagnostic equipment and tools is also fueling the demand for the global kidney
function tests market.
Additionally, Public-private
alliances are making kidney disease diagnostics more accessible. For example,
the National Kidney Foundation (NKF) and the National Committee for Quality
Assurance (NCQA) have issued a new kidney health evaluation measure for
diabetes patients in July 2020. Diabetic patients should be examined for kidney
diseases on a regular basis, according to the new guidelines. These guidelines
are expected to create a suitable environment for market revenue growth. The
increased prevalence of various kidney illnesses has led to the use of kidney
function testing. The National Kidney Foundation note that serum creatine
levels above 1.2 for women or 1.4 for men may be an early sign that the kidneys
are not functioning as they should. These numbers may rise further as kidney
disease progresses. However, stringent regulatory approvals, lack of
awareness and false positive report may likely hamper the growth
of the market in the forecast period.
Browse over 159 market
data Figures spread through 245 Pages and an in-depth TOC on "Kidney Function Tests Market"
The global Kidney Function
Tests market is segmented into type, component and end user. Based on type, the
market is divided into urine tests, and blood tests. Urine tests are further
subcategorized into Urine Protein Tests, Creatinine Clearance Tests,
Microalbumin Tests. Blood tests are further categorized into Serum Creatinine
Tests, Glomerular Filtration Rate Tests, Blood Urea Nitrogen Tests. The urine tests
segment is expected to grow during the forecast period. These tests are
inexpensive and frequently used to diagnose bladder infections, diabetes, and
kidney stones.
Based on component, the
market is categorized into Dipsticks, Reagents, Kits & Assays, and Others. The Dipstick segment is expected to
account for the largest global kidney function tests market share over the
forecast period, owing to its capacity to detect ketones, blood, glucose,
urobilinogen, nitrite, and proteins. It is also cost-effective.
Major companies operating
in global kidney function tests market are:
- Baxter International Inc.
- Abbott Laboratories, Inc.
- Sysmex Corporation
- F. Hoffmann-La Roche Ltd
- Danaher Corporation
- URIT Medical Electronic Co. Ltd
- Nova Biomedical Corporation
- Laboratory Corporation of America
Holdings
- Siemens Healthineers
- ARKRAY Inc.
- IDEXX Laboratories, Inc
- Fresenius SE & Co. KGaA
- Cook Group
- ACON Laboratories, Inc.
- Randox Laboratories Ltd.
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“Asia-Pacific is expected to register
the highest growth of around 10.11% during the forecast period. This is
attributed to the rising number of high blood pressure and diabetes patients,
who are prone to chronic kidney diseases, and growing health concerns,
concerning the rise in demand for advanced diagnostic and therapeutic regimens
for chronic kidney diseases. Hence, the companies are adopting various ingrowth
strategies such as mergers and acquisitions, partnerships and collaborations,
and others. Emerging companies can setup their business in the Asia-Pacific
region, due to low manufacturing cost, low labor cost, various untapped
opportunities, and others is expected to propel the global Kidney Function
Tests market growth till 2028” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Kidney Function Tests Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented
By Type (Urine Tests, Blood Tests), By Component (Dipsticks, Reagents, Kits
& Assays, Others), By End User (Hospitals & Clinics, Diagnostic
Laboratories, Others), By Region and Competition”, has evaluated the future growth
potential of global Kidney Function Tests and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global Kidney Function Tests market.
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