Kidney Function Tests Market: Opportunities, Size and Growth Projections in Upcoming YearsMarket Research ConsultantsUpdated on Oct 11, 2023 View more like this | Visit MANHATTAN, MT | Contact TechSci Research |
TechSci Research report titled “Kidney Function Tests Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, predicts that the global kidney function tests market will reach USD 1520 million by 2028, with a projected growth rate of 9.71% CAGR. The rise in cases of kidney disorders due to underlying conditions like hypertension and diabetes is the primary driving force behind the growth of this market. Additionally, technological advancements in diagnostic equipment and tools and an increased awareness of diagnostic methods for kidney function are also contributing to the market growth. Furthermore, the public-private partnerships are enhancing the accessibility of kidney disease diagnostics.
For instance, in July 2020, the National Kidney Foundation (NKF) and the National Committee for Quality Assurance (NCQA) issued new guidelines for kidney health evaluation in diabetic patients. These guidelines are expected to create a favorable environment for the growth of the market revenue. The use of kidney function testing has increased due to the rising prevalence of various kidney illnesses. The National Kidney Foundation recommends regular kidney disease screening for diabetic patients. However, the market growth may be hindered by stringent regulatory approvals, lack of awareness, and false positive reports.
Browse over 159 market data Figures spread through 245 Pages and an in-depth TOC on "Kidney Function Tests Market"- https://www.techsciresearch.com/report/kidney-function-tests-market/4585.html
The market for Kidney Function Tests is categorized into type, component, and end user. The market is divided into urine tests and blood tests based on type. Urine tests are further sub-categorized into Urine Protein Tests, Creatinine Clearance Tests, and Microalbumin Tests. Blood tests are further classified as Serum Creatinine Tests, Glomerular Filtration Rate Tests, and Blood Urea Nitrogen Tests. During the forecast period, the urine tests segment is expected to grow as these tests are inexpensive and frequently used to diagnose bladder infections, diabetes, and kidney stones.
The market is categorized into Dipsticks, Reagents, Kits & Assays, and Others based on component. Due to its capacity to detect ketones, blood, glucose, urobilinogen, nitrite, and proteins, the Dipstick segment is expected to account for the largest share of the global kidney function tests market over the forecast period. Furthermore, it is 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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