kidney function test market: Key Players, Growth, Analysis by 2019 – 2027

 Overview:

The global report covering the kidney function test market has predicted an achievement of approximate CAGR of 5.7%  between 2018 and 2023, which Market Research Future (MRFR) considers as the forecast period. The market is getting traction as people are preferring early diagnosis of their kidneys to make sure they are leading a healthy life. This market, as per the report, is having a strong growth due to the increasing inclusion of latest technologies and hike in funding to develop the infrastructural support. In developing countries, the market would gain support as government initiatives are going to back them up.

But the setup cost for such technologies is quite huge owing to which a lesser number of people show actual interest in the market. The diagnostic procedures also incur a high cost. Factors like these can make sure that the kidney function test market face slackened growth.

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Segmentation

The global market for kidney function test has been studied in the report with a firm basis on a segmentation that relies on tests, product, and end-user. This segmentation, backed by various parameters, reveals pointers that can improve the assessment of the market and assist in strategy-making procedures.

By tests, the kidney function test market report includes imaging tests, urine tests balloon, blood tests, and kidney biopsy. The blood tests segment has a Glomerular Filtration Rate (GFR), serum creatinine, and Blood Urea Nitrogen (BUN). The imaging tests segment comprises an ultrasound and CT scan. In the urine tests category, the market report includes microalbuminuria, urine protein, urinalysis, and creatinine clearance.

By product, the report on the kidney function test market includes disposables, dipsticks, and reagents. The disposable segment is getting strong traction as it cuts the cost of maintenance.

By the end-user, the market on the kidney function test includes diagnostic laboratories, hospitals clinics, academic research laboratories, ambulatory surgical centers, and others. Patient’s preference for hospitals to make the hospitals clinics section grow faster.

Regional Market

As per the reading of the Centers for Disease Control and Prevention in 2017, in the US, 15% of the Americans are suffering from various chronic kidney diseases. This is a major reason thrusting the North American market ahead. Countries like the US and Canada are going to make a huge impact on the regional market. This is primarily due to the participation of several major market players. An increasing number of obese people and a surge in new treatment procedures are assisting in the growth of the market. In Europe, the market would also get good traction due to the increasing investment in the research and development sector. Hike in investment is a major factor for both these regions.

In the Asia Pacific market, market growth is assured as the influx of financial support is continuously helping out infrastructural developments. This would be bolstered by the growing number of elderly people who are more prone to kidney diseases. The Middle East Africa may find this growth to be slow due to infrastructural inadequacy and poor funding.

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Competitive Landscape:

The global kidney function test market has players impacting the way the market is shaping up. These companies are Sysmex Corporation, Urit Medical, F. Hoffmann-La Roche Ltd., Siemens Healthcare GmbH (Germany), Opti Medical, Randox Laboratories, Beckman Coulter, Nova Biomedical, Acon Laboratories, ARKRAY, Inc., Boston Scientific (U.S.), Cook Medical, Abbott, Medical Care (Germany), Baxter (U.S.), 77 Elektronika, and others. MRFR’s report on the global market for kidney function test includes a detailed profiling of these players. This has been done to understand latest trends as well.

In December 2019, researchers from the Icahn School of Medicine at Mount Sinai revealed that they have a new machine learning procedure that can predict the chances of having kidney failure in patients with Type-2 Diabetes.