Global Kidney/Renal Function Test Market was valued at US$ 664.2 Mn in 2019 and is expected to reach US$ 1130.5 Mn by 2026, at a CAGR of 6.87% during a forecast period.
Global Kidney Renal Function Test Market
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The kidney/renal function test is used for diagnosing any defect of the kidney. Kidney/Renal function test plays a vital role in the treatment and quality of life of kidney disease affected patients.
Global Kidney/Renal Function Test Market Dynamics:
The occurrence of functional damage of kidneys is increasing at a rapid rate. An excessive alcohol consumption, high blood pressure, hypertension, diabetes blood in urine, and difficulty in urination are some of the factors, which increases chronic kidney disease. High incidence of chronic kidney diseases and demand for efficient diagnosis of kidney diseases are expected to boost the adoption of the kidney/renal function test.
Prevalence of Kidney Disease: Drives Kidney/Renal Function Test Adoption
Chronic kidney disease is becoming a public health problem, which has a high economic cost associated. The global prevalence of chronic kidney disease is expected to increase by nearly about 14% because of the prevalence of risk factors like diabetes, hypertension, and obesity. A shift in lifestyle causes the risk of obesity, which is expected to lead to high demand for mandatory screening tests in patients.
COVID-19 Impacts the Kidneys
Some of the patients with severe cases of COVID-19 have shown signs of kidney damage. In the pandemic, more than 40% of admitted patients with COVID-19 have shown signs of abnormal kidney function like albuminuria or haematuria. The impact of COVID-19 on the kidneys have appeared multifactorial.
An increase in comorbidities of COVID-19 like cardiovascular diseases, hypertension, and chronic kidney disease have seen as contributors to the development of kidney impairment. According to the analysis, more than 30% of patients hospitalized with COVID-19 in China and New York have developed moderate or severe kidney injury. High levels of protein in the urine and abnormal blood work were some of the signs of kidney problems, which was found in patients with COVID-19, that driven the demand for Kidney/Renal function test.
Key Facts: Kidney Disease
The overall prevalence of kidney disease in the general population is nearly more than 14%. High blood pressure and diabetes are the main reasons for kidney disease. Every year, kidney disease kills more people than breast or prostate cancer.
Global Kidney/Renal Function Test Market Segment Analysis:
Urine tests are expected to contribute XX% share in the global kidney/renal function test market. An increase in usages of urine dipsticks analysis, easy process of sample collection over blood tests, which can cause discomfort and swelling and low risk of infection are some of the factors, which drives the major contribution share in the market by urine tests.
The dipsticks segment is expected to grow at an XX% rate of CAGR during the forecast period. A dipstick is a plastic stick, which is available in the form of stripes. It helps to detect urinary tract disorders like chronic kidney disease, bladder infections, and kidney stone. Cost-effectiveness and widespread application are expected to increase the demand for dipsticks.
Global Kidney/Renal Function Test Market Regional Analysis:
North America is expected to contribute XX% share in the global kidney/renal function test market. The effect of the Coronavirus was very drastic in the region, mainly in the United States. Growth in the geriatric population and the prevalence of various kidney diagnosis are expected to boost the regional market growth.
According to the Centres for Disease Control and Prevention, more than 38 million population had suffered chronic kidney disease in 2019. High healthcare expenditure, technological developments and the presence of well-established healthcare infrastructure are expected to boost the market growth.
The burden of kidney failure deaths in India is increasing at a rapid rate:
Chronic kidney disease is one of the major public health problems in India. Every year, more than 1, 75,000 new cases of kidney failure have been reported in India. Despite, kidney diseases have not received as public attention as the amount of the problem deserves, public awareness is expected to promote kidney health. The high incidence of diabetes and heart disease in India is expected to increase the health-cost crisis in the near future.
Global Kidney/Renal Function Test Market Competitive Analysis:
Research development is a major driver accelerating the growth of the global kidney/renal function test market. Doctors and healthcare professional constantly strive to introduce technologically advanced solutions to overcome various challenges. Some of the prominent key players are focusing to introduce some of the innovative research development activities, which are expected to form a robust footprint in the healthcare sector. For instance, in 2020, SphingoTec GmbH has launched IB10 sphingotestpenKid, which enables real-time evaluation of kidney function.
An increase in investments in the field of kidney function testing is expected to boost the market growth. For instance, Elypta AB has invested US $ 7.0 Mn to develop urine test for kidney cancer. Also, some of the public-private organizations are undertaking many initiatives to facilitate kidney disease. In 2020, National Kidney Foundation has collaborated with the National Committee for Quality Assurance to introduce a new kidney health evaluation measure.
The objective of the report is to present a comprehensive analysis of the Global Kidney/Renal Function Test Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Kidney/Renal Function Test Market dynamics, structure by analyzing the market segments and projects the Global Kidney/Renal Function Test Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Kidney/Renal Function Test Market make the report investor’s guide.
Global Kidney/Renal Function Test Market, Key Highlights:
• Global Kidney/Renal Function Test Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Kidney/Renal Function Test Market
• Global Kidney/Renal Function Test Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Kidney/Renal Function Test Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Kidney/Renal Function Test Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Kidney/Renal Function Test Market are also profiled.
Scope of the Global Kidney/Renal Function Test Market:
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Global Kidney Renal Function Test Market 2
Global Kidney/Renal Function Test Market, by Region
• North America
• Asia Pacific
• Middle East Africa
• South America
Global Kidney/Renal Function Test Market Key Players
• Siemens Healthineers
• Beckman Coulter
• Abbott Laboratories
• Sysmex Corporation
• Urit Medical
• Opti Medical
• Acon Laboratories
• 77 Elektronika
• Randox Laboratories
• Nova Biomedical
• Danaher Corporation
• F. Hoffmann-La Roche
• Quest Diagnostics
• Laboratory Corporation of America Holdings
• OPTI MEDICAL SYSTE
• bioMérieux SA
• Laboratory Corporation of America Holdings
• Arbor Assays
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