21-Feb-2020 | Zion Market Research
As per the analysts at Zion Market Research, the global kidney function test market is projected to surpass around USD 765 Million mark by 2025, developing at around 5.9% CAGR during the forecast period. The prominent players active in the global kidney function test market are Siemens, Beckman Coulter, Roche, Nova Biomedical, URIT Medical, Abbott, OPTI Medical, ARKRAY, Sysmex, ACON Laboratories, Randox Laboratories, and 77 Elektronika. Mergers and collaborations are likely to play an important role in boosting the market growth. In January 2015, for example, Astute Medical and bioMerieux inked a collaborative pact to build as well as deal out NephroCheck Test for VIDAS-an assay intended for risk evaluation of acute kidney injury.
Increasing Kidney Disease Prevalence Expected To Boost The Kidney Function Test Market Growth
Expansion of the kidney function test market can be majorly credited to the increasing incidence of kidney disease, rapid growth in the elderly population, rising incidence of hypertension & diabetes, and the increase in consumption of alcohol. Further technological improvements in renal function tests have resulted early disease diagnosis and specialized analysis of specific conditions on a broader scale. These improvements comprise computer-assisted interpretation, use of automated analyzers, and advanced parameter estimation.
Cost-Effectiveness Of Dipstick Testing Segment To Spur It Growth In Coming Period
The global kidney function test market, based on product, is classified into reagents, disposables, and dipsticks. The dipsticks segment is anticipated to record the biggest market share on account of its cost-effectiveness. The market, on the basis of type, is bifurcated into blood tests and urine tests. Blood tests are further classified into glomerular filtration rate, blood urea nitrogen, and serum creatinine tests. Also, urine tests are classified into creatinine clearance, microalbumin, and urine protein tests. Based on end users, the kidney function test market is bifurcated into diagnostics laboratory, hospitals, and research laboratories & institutes.
North America Is Anticipated To Mark The Maximum Market Share
North America is projected to record the biggest share of the global kidney function test market, trailed by Europe. This progress can be credited to the cumulative occurrence of chronic diseases, increasing incidence of hypertension, rising frequency of diabetes in the United States, and growing initiatives by the government for making people aware and treating the kidney diseases. Nevertheless, the Asia Pacific region is also projected to make a rapid progress in the global kidney function test market in the forecast period.
Browse the full “Global Kidney Function Test Market - By Type (Blood Tests (Serum Creatinine Tests, Glomerular Filtration Rate Tests, and Blood Urea Nitrogen Tests) and Urine Tests (Microalbumin Tests, Urine Protein Tests, and Creatinine Clearance Tests)), By Product (Reagents, Dipsticks, and Disposables), By End User (Diagnostics Laboratories, Hospitals, and Research Laboratories & Institutes), and By region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/kidney-function-tests-market
The global kidney function test market is segmented as follows:
By End User
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