The global kidney function test market size is expected to reach USD 1,374.3 Million in 2030 and register a revenue CAGR of 6.5% during the forecast period, according to a latest report by Reports and Data.
The global kidney function test market size is expected to reach USD 1,374.3 Million in 2030 and register a revenue CAGR of 6.5% during the forecast period, according to a latest report by Reports and Data. Rise in demand for technologically advanced diagnostic machinery and tools is one of the key factors expected to drive market revenue growth during the forecast period. Increasing investment in R&D for the development of new testing products in kidney function tests is expected to boost revenue growth of the market during the forecast period. The leading companies for kidney function testing are involved in extensive R&D initiatives for the development and presentation of new products in order to strengthen their market position. Various companies focusing on the development of technologically advanced tests that give early disease detection are also driving market revenue growth. Rapid technological improvements in renal function tests have resulted in early illness detection and specialized diagnosis, which is expected to further drive revenue growth of the kidney/renal function test market over the forecast period. The kidney is a fluid and compound refinery organ in the human body. The failure of this organ frequently results in swelling of the hands and legs owing to undistributed fluids, an irregular heartbeat, and exhaustion The sedentary lifestyle, with an increase in alcohol use leading to diabetes, obesity, and hypertension, the incidence of chronic kidney disease and occurrences of cardiovascular disease is increasing, which is driving the kidney function test market revenue growth.
High cost of diagnostic procedures is expected to restrain market revenue growth to some extent over the forecast period because the cost of kidney disease treatment is expensive and needs weekly procedures such as dialysis. It is a long-term treatment and it also comes with stringent regulations, as a result, it is difficult for many patients to continue the treatment or the function tests which might hamper the kidney test function market revenue growth.
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Some Key Highlights in the Report
- Hospital segment accounted for largest revenue share in 2020 and is expected to lead in terms of revenue during the forecast period owing to rising awareness about Chronic Kidney Disease (CKD) and hospital visits owing to the availability of advanced equipment, quality healthcare personnel, and rising development of kidney function test tools. Moreover, revenue share of the segment is expected to be increased by the establishment of advanced infrastructures in various regions that will help in the implementation of effective diagnostic processes.
- Kidney function test market in Asia Pacific is expected to register a considerably high revenue growth rate over the forecast period. Factors such as the rising incidence of chronic kidney diseases, kidney stones, diabetes, blood pressure, excessive alcohol consumption, increased investments in research and development activities, and improving healthcare systems are all contributing to revenue growth of kidney function test market. Moreover, increased health awareness and increasing need for improved diagnostic and therapeutic treatment are driving market expansion.
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- Kidney function test market in Europe is expected to register a faster rate in terms of revenue contribution to the market over the forecast period. This is due to the increasing prevalence of diabetics and geriatric population.
- Companies profiled in global market report include Abbott Laboratories, Danaher Corporation, Siemens Healthcare GmbH, Sysmex Corporation, Randox Laboratories Ltd., Baxter International Inc., F. Hoffmann-La Roche Ltd., Arkray, Inc., Acon Laboratories Inc. and Quest Diagnostic Incorporated.
To identify the key trends in the industry, research study at https://www.reportsanddata.com/report-detail/kidney-function-tests-market
For the purpose of this report, Reports and Data has segmented global kidney function test market based on type, product, end use, and region:
- Type Outlook (Revenue, USD Million; 2018-2030)
- Dipsticks
- Disposable
- Reagents
- Product Outlook (Revenue, USD Million; 2018-2030)
- Blood Test
- Serum Creatinine Test
- Glomerular Filtration Rate Test
- Blood Urea Nitrogen Test
- Urine Test
- Urine Protein Test
- Creatinine Clearance Test
- Micro Albumin Test
- Blood Test
- End use Outlook (Revenue, USD Million; 2018-2030)
- Hospitals and Clinics
- Academic Research Laboratories
- Diagnostic Laboratories
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- Regional Outlook (Revenue, USD Million; 2018-2030)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
- North America
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