|Market Size in 2019||Market Forecast in 2025||CAGR (in %)||Base Year|
|USD xx Million||USD 765 Million||5.9%||2019|
Kidney Function Test Market
The global kidney function test market is predicted to be valued at nearly 765 (USD Million) by 2025 and will grow at a CAGR of nearly 5.9% during the period from 2019 to 2025. The report offers valuation and analysis of the kidney function test market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, revenue estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).
Kidneys play a key role in the elimination of toxins like urea, serum osmolality, uric acid, creatinine, electrolyte concentration, and regulation of extracellular fluid volume. They produce hormones like 1,25 dihydroxyvitamin D, erythropoietin, and renin. Moreover, assessing kidney function is vital for effectively managing of patients impacted due to kidney disorders.
Key Growth Factors
The growth of the kidney function test market during the forecast timeline is attributed to the need for identifying kidney ailment, determining the kidney response to medical treatment, and evaluating the progress of the kidney disease. According to the NIH study, the global occurrence of chronic kidney disease is nearly 14% and the common causes of this disorder are high blood pressure and diabetes.
Furthermore, the tests for kidney function can be utilized for assessing the glomerular filtration rate. Moreover, the assessment of GFR or glomerular filtration rate is used for detecting the presence of the level of kidney impairment. Additionally, if the GFR is found to be reduced over a particular timespan or time interval, the physician can determine the chronic kidney disease phase.
Apparently, kidney function tests are used for knowing whether kidney disorder is chronic or not. In the case of urine albumin, the kidney function tests can also detect incipient nephropathy in patients mostly diabetics containing albumin in their urine. Apart from this, tubular function disorder like Fanconi syndrome can be identified through the kidney function tests through measuring levels of amino acids, pH, glucose, and phosphates in the urine of an individual. All these beneficial features of the renal function tests will steer the market growth over the forecast period.
Dipsticks Segment To Dominate Product Landscape By 2025
The segmental growth over 2019-2025 is attributed to the ability of the dipsticks to offer a qualitative analysis of myriad urine analytes. Apart from this, dipsticks have the ability to determine the presence of glucose, ketones, nitrite, blood, protein, leukocyte esterase, bilirubin, nitrite, and urobilinogen in urine. Moreover, urine testing through dipstick is cost-effective and hence has garnered massive popularity in the global kidney function test industry.
North American Market To Accumulate Humungous Gains Over 2019-2025
The regional market growth over the forecast timespan is credited to surge in the cases of chronic ailments, large-scale occurrence of high blood pressure, and rise in the presence of diabetics in the countries like the U.S. Apart from this, launching of new schemes by the government of Canada for creating awareness pertaining to the treatment of the kidney disorder will further embellish the market growth in the North American region.
Key players influencing the kidney function test industry and profiled in the report include Nova Biomedical Corporation, Siemens AG, URIT Medical Electronic Co., Ltd., Sysmex Corporation, Beckman Coulter Inc., ACON Laboratories, Inc., ARKRAY, Inc., Randox Laboratories, Roche Holding AG, Abbott Laboratories, OPTI Medical Systems, Inc., and 77 Elektronika Ltd.
|Report Attributes||Report Details|
|Report Name||Kidney Function Test Market|
|Market Size in 2019||USD xx Million|
|Market Forecast in 2025||USD 765 Million|
|Growth Rate||CAGR of 5.9%|
|Number of Pages||217|
|Key Companies Covered||Nova Biomedical Corporation, Siemens AG, URIT Medical Electronic Co., Ltd., Sysmex Corporation, Beckman Coulter Inc., ACON Laboratories, Inc., ARKRAY, Inc., Randox Laboratories, Roche Holding AG, Abbott Laboratories, OPTI Medical Systems, Inc., and 77 Elektronika Ltd.|
|Segments Covered||By Product,By Type,By End User,By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2016 to 2019|
|Forecast Year||2019 to 2025|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
The global kidney function test market is segmented as follows:
By End User
|Report Attributes||Report Details|